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FINAL MCM MAY 2008 PORTFOLIO RESULTS 5-16-08

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The Month of May was like a wild roller coaster ride, especially during the last week of this expiration. In addition it created some unqiue action in the portfolio, created byt the short squeeze on SOLF. Because I historically always tell me subcribers to close out any position that may be in the money at the end of the day, I have them close it out MARKET ON CLOSE, this is very effective for those who cannot be there for the CLOSE. However, now and then it creates a very unique abberation when the short side has been closed out and we just hold unto the long side. This abberation happen this cycle.
The abberation was caused byt the fact the SOLF MAY 20 LONG CALLS finished $2.70 MARKET ON CLOSE
Thus, creating the abberation. The strategy normally does not anticipate the long side when left to expire, having any value. However, in this case it did
So I am going to report the Month End performance with and without the abberation. The only reason I am reporting it without the abberation, is because the additional gain came from the abberation, but not the strategy as intended. But it was a gain. But I feel it fair to report it with the proviso that it was an :ABBERATION.

With that in mind here are the final numbers for the MAY 2008 MONTHLY CASH MACHINE with abberation and without

With the Abberation the MAY 2008 Final results were as follows

#1: Equity option portfolio $2,350 PROFIT
#2: Index option portfolio $ 290 PROFIT
#3: DJX option portfolio $1,100 PROFIT
================================
TOTAL MONTHLY CASH MACHINE RETURN
: $3,740 PROFIT

Without the Abberation the MAY 2008 FINAL results were as follows:


#1: Equity option portfolio (- $250 ) LOSS
#2: Index option portfolio $ 290 PROFIT
#3: DJX option portfolio $1,100 PROFIT
================================
TOTAL MONTHLY CASH MACHINE RETURN
: $1,140 PROFIT

THE FINAL RESULTS ARE POSTED BELOW and in the PORTFOLIO SECTION of the MONTHLY CASH MACHINE










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