August Results
August was seriously impacted by July as I mentioned in a previous post. I held several July positions late into the expiration week. This consumed capital, trying to minimize the impact in July. So, most of my August positions opened very late.
To add to the pain, I had to defend two positions, both happen to be in USO Puts. I had to defend positions in USO Calls in July so this means the move up and subsequent move down in USO (and oil in general) were statistically very large moves.
OK, this takes my system gain to 10.35% since 1/29/08 (Mar expiration options), when I started trading this system consistently. Considering the volatility this summer, I’ll take these results. This is an 18.08% annualized gain. Very few others will make that this year…just my hunch.
