The month of Ocotber was extremely challenging for us, as volatility, earnings season and
European debt news moved the market up and down on any whim of market sentiment that could
possibly have been imagined.
Unfortunately, our October portfolio had difficulty handling the storm and volatility.
Thd MCM October portfolio sustained a $ 5,840 loss.
XOM, DIS, PRU & SAP got to us and we never really got an opportunity to really get out
of harms way. A lot had to do with volatility that picked up in the later half of the month.
In addition, we received a visit from "Murphy's law" on the last day of the month with our MOS short October 55.7 call, that added to our misery for October, as we had to cover at the close for a DEBIT of $0.94.
The individual results by issue can be seen in the PORTFOLIO section of the news letter.
Now that October has past, we go on our way with the November recommendations.
The initial November watch list and current positions will be sent out later this afternoon.