The MCM August portfolio showed a $1,260 loss for the month.

However, had we not been stopped out of OPEN last week, we would have shown a profit for the month.

The STOP out was on a 5 point strike price, which I try to avoid, especially with the added volatility we have had recently.

Once again, a reason I try to predominately stay with strike price spreads 3 points or less points apart.

Anyway, the past is the past and considering this market we could have done a lot worse.

Final August individual position results can be found under the PORTFOLIO section of the newsletter.

Please find the initial posting of the September portfolio, right after the FINAL posting of the August Portfolio in the PORTFOLIO section of the newsletter.

Please find the start of the MCM September 2011 Watch list below.

We will also look to add several plays to our current September list this weekend.

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MCM September Watch list.