May 17, 2011 May Results and June Trade Update

Hi All,

This was an interesting month. It started out well on the May 55 day trade.  So well that I decided to break with the rule set and try something new that I have been doing with my weekly positions in order to milk a little more out of the position.  It didn’t work!  At least not this time.  Luckily I did not take this approach with my larger 55 day position!  Anyway, from there, the 55 day position got chopped up like crazy. It came close to max loss 2 or 3 times and bounced positive  and then negative and then back positive. Virtually every move I made, the market hit me on the head. Finally yesterday morning the position was up about $600 at around 11:30, 3 days from expiration and I closed the trade.

Anyway, the result of all this is that I made $579 after commissions on a total investment of $13097 for a 4.4% return. And I was lucky to get that.

The May Method 15 trade got chopped up a little as well but not bad. It never came close to max loss and was never really in any trouble, it just never really came close to the profit target either. I ended up exiting this at the same time as the May 55. The trade made $509 after commissions on an investment of $5194 for a return of  9.8%

I made an adjustment on the June 55 day trade today. I removed the 850 butterfly and am back to a single 830  butterfly. The position is up about $600 and shown below;

I also entered the M15 trade today. Because of the recent down move in the markets, I entered the position at the money this month. The position is shown below:

That’s it for now,

Make it an awesome day!