SteadyOptions'  Instablog

SteadyOptions
Send Message
Active part-time options trader. Trades mostly non-directional strategies, like pre-earnings strangles and iron condors. Likes to trade strategies with negative correlation. Lives in Toronto, Canada. Follow me on Twitter: http://twitter.com/#!/akivak
My blog:
Mastering The Non-Directional Trading
  • SteadyOptions March 2013 And Q1 Performance 0 comments
    Mar 30, 2013 12:16 AM

    Please find below the March 2013 update from SteadyOptions.

    1. Performance
    March was a good month for SteadyOptions. We closed 16 trades in March, 11 winners and 5 losers. Total gain was $1,261 based on $1,000 allocation per trade. Assuming maximum of 6 trades open (the average number is lower), that's 21.0% non-compounded ROI. The YTD non-compounded ROI is 24.9% based on the same 6 maximum trades. Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance.
    Most losers were in the 9-12% range. The ability to keep the losers small remains the key factor.

    2. Expanding the trades scope

    We continue expanding the scope of our trades. We closed another VIX trade for 48% gain. We also closed two RUT calendars for 19% and 26% gain. Those trades provide nice balance to the portfolio in periods of lower IV. But we also had few nice earnings winners, including FNSR, ARO, NKE and PAYX. LULU calendar was a loser due to pre-announcement - this was our first earnings calendar loser. We will continue refining those strategies to get better results. This gives members a lot of choice and flexibility. I also encourage members to trade what they feel comfortable with.

    3. Limited new membership
    The membership is now closed to new members and will re-open in mid-April.

    Thank you,
    Kim

Back To SteadyOptions' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • How NOT To Gamble On $AAPL Earnings - http://tinyurl.com/gthwx5g
    3 days ago
  • Closed fourth $SPX fly winner in 10 days for 34% gain. Previous winners 30%, 22% an 27%. Love this market! 5 out of 5 winners in 2016.
    Jan 13, 2016
  • Closed $INTC straddle for 11% gain, 3 hours of holding. This is how we trade volatility. Our fourth double digit winner in 2016.
    Jan 13, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.