May Report Card
Profits of $21,369; a 24.2% return on cash. I reported on April here. Click on the Market Trading category for the whole series, in reverse chronological order (start at the bottom, work your way up). Well, any concerns expressed in April as to the low volatility numbers (resulting in lower credit premiums) have been cured. If you follow the markets at all, you may be aware that last week offered a moderate correction on all indices. It was due. Unfortunately, I didn't listen to my prudent and conservative side and got myself into trouble. It's not manifest in this month, which for options-expiration purposes, closes out on the third Friday. But for June I've been scrambling rather significantly. More on that later. I realized that my method of reporting results was flawed. To date, I've been reporting results based on the expiration month of the option, regardless of when it was opened or closed. This really gives a skewed view of returns month-by-month, when in reality, my account has pretty much been increasing continually. Since I'll now be mixing options months, then return on risk, as I've done in the past, will no longer calculate correctly. I'll just use a...
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