SPDR S&P 500 (SPY)

[Neutral Man]

Hugh... Since we Open and Close ONLY winning positions during the first 90% of the OE it appears as if we're making coins ALWAYS, NOT!

Our remaining Open positions are posting HUGE losses and they continue to mount as many of our Call positions will expire, well, WORTHLESS!!

Hence, it's imperative that we post enough gains to cover our losses when the OE period ends!?

In summary, our style inherently will post huge losses but it's our ability to navigate mucho gains during the first 90% of the OE that has us ending the OE period with more then we started with, or NOT, LOL!?


August Open Positions: Losses are accumulating on deeze puppies!

BtO, 480 Aug45 puts at 1.90
BtO, 480 Aug46 puts at 2.50

StO, 480 Aug47 puts at 1.45
StO, 480 Aug47 puts at 1.75

BtO, 480 Aug44 calls at 1.15
BtO, 480 Aug45 calls at 0.95
BtO, 480 Aug45 calls at 0.98
BtO, 480 Aug47 calls at 0.63
BtO, 960 Aug47 calls at 0.63
BtO, 480 Aug47 calls at 0.60
BtO, 960 Aug48 calls at 0.30