THE JUNE OPTION WRITER PORTFOLIO WAS PROFITABLE ( BARELY)
OPTION WRITER EDGES OUT SMALL GAIN IN MONTH PLAGUED BY INFLATIONARY NEWS, FED CHAIRMAN COMMENTS and VOLATILE CRUDE PRICES.
What do I have to say after the roller coaster ride the last few days and the downward pressure from the weeks before. There was no doubt we had a lot of breaks go our way this week to walk away with a small gain. But considering what this market went through we should consider ourselves weathering a pretty large storm. If there is one thing we learned, volatility can kill you or save in a matter of hours or days. However, the kind of volatility we experienced last month, we can live without.
As you can see our portfolio didn't break any records and we were blessed with a lot of luck the last 5 days, we still were able to edge out a small profit after all the anguish we had to go through during those last 5 trading days. But a gain is still a gain, no matter how small. The portfolio returned a gross $650 profit. ( see below).
@ I am posting the results here as tomorrow we will be posting the current July Positions in the portfolio section.