In-Depth Review of each Position

I lost 9.84% with GILD. It was just churning. Excellent opportunities with GILD did exist at the beginning and at the end of September and again at the beginning of October. Note the extended period of low volatility in September and October.







The AXP position lost 11.82%. It was consolidating with decreasing volatility. The move was not large enough.







The CBH position lost 24%. Again, just churning resulting in decreasing volatility.







With JNJ I lost 7.72%. It consolidated after a big move.







The OEX position was slightly profitable with a 5.66% gain. Notice the stairway pattern of a sharp move after a long consolidation. However, the jump is never sufficiently large to produce a big gain.







UNH was a break even. It was in a consolidation pattern.





Overall, a week of poor opportunities.

Categories: stock options, volatility, delta neutral
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