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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • Portfolio Update For The Week Ending May 31, 2013 7 comments
    Jun 2, 2013 5:49 PM | about stocks: AAPL, CSCO, FSLRQ, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE

    Exactly 5 months ago on December 31st, 2013, I started this blog with a simple mission: dispel the myth that trading equity options is risky. One of my personal and secret goals, that I only shared with my wife and a few of my friends, was to take $10,000 and make it into a million within 6 months...Even though I was confident that I will be able to reach my goal, honestly, I did not expect to do it in 5 months...

    What makes me most happy about this experiment is that a number of folks out of the smattering few who follow my blog, duplicated my moves, in spite of my exhortations not to, and made money...(of course, I was not naive enough to believe that everyone will heed my advice and not follow my moves...LOL!)

    In the remaining 26 days of this blog's life, I hope to continue to build on the Options2Wealth's current Net Asset Value (NYSE:NAV) and equally as important, preserve the Fund's capital...with the S&P and the Dow at all time highs, the markets are vulnerable to pulling back and consolidating, which means that a 10% correction in the S&P, Dow and the Nasdaq is definitely not out of the cards, especially the prevailing market fear that the Fed may start to slowly turn down its very liquid, monetary policy, the so-called "Quantitative Easing" spigot...I am closely monitoring the markets' distribution days: days when the indices go down and the trading volume (number of shares traded on the NYSE and the Nasdaq in a single day) is higher than the previous day's volume...

    Now getting down to brass tacks: For the week ending May 31st, 2013, the Options2Wealth portfolio's NAV was $1,078,584.31, up 16.46% for the week. And since its inception on December 31st., 2012, my portfolio is up 10,685.80%. (As usual, a screen shot of the Excel spreadsheet is enclosed below...)

    I recognize that for those who have not followed my portfolio's progress since Day 1, these numbers are so outlandish that they appear to be concocted...However, let me assure you that these numbers are very, very real...In fact, I personally am aware of one follower of this blog, who has, for the most part, replicated my moves here, albeit a little conservatively, and his portfolio is up more than 4000%...

    It will be great to hear from all those who have taken the plunge and tried to replicate my moves here, their individual portfolio's performance(s) (just percentage appreciation, or, for that matter, depreciation...no need to share the actual dollar numbers...LOL!) since following my blog...Your responses will be greatly appreciated and they will help validate my Options2Wealth's NAV numbers posted here today...thank you in advance for sharing your personal progress...

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

    (click to enlarge)

    Disclosure: I am long LDK, SPWR, TSL, WFR.

    Themes: Options, Solar Sector Stocks: AAPL, CSCO, FSLRQ, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE
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Comments (7)
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  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    I recently started reading your blog & hope you keep writing more stuff & continue educating beginners like me. Thank you & congratulations!
    3 Jun 2013, 01:04 AM Reply Like
  • 11828801
    , contributor
    Comments (30) | Send Message
     
    Please dont stop your blog in 23 days. Could you please continue to write.

     

    Thanks,
    Karthik
    3 Jun 2013, 07:55 AM Reply Like
  • Lynxx
    , contributor
    Comments (9) | Send Message
     
    I am just getting my sea-legs for option trading and came across this blog around March. I have read it through from the beginning twice, and intend to do so many more times. To anyone just tuning in, this is very legitimate.

     

    I didn't follow any trades as I am just understanding options and would have traded w/o knowing what I was really doing.

     

    But, this has made a believer of me for the value of options trading. $1 million in 20 weeks ... from $10K start! 11000% Wow! By comparison, my mutual fund reached 66% in one year and won an award. Hm.

     

    Curious question: As the markets might be turning, are you thinking of buying puts or selling calls?

     

    Thanks for sharing your thinking and trades, and results.
    Lynxx
    3 Jun 2013, 04:51 PM Reply Like
  • greggbuttery
    , contributor
    Comments (15) | Send Message
     
    SPWR 01/18/2014 $15.00 Cost Basis $13,518.00 Proceeds $26,525.00 96% increase
    SPWR 06/26/2013 $15.00 Cost Basis $12,056.00. Proceeds $87,389.00 624% Gain.
    Still holding all my WFR July 20th 2013 .42 purchase per contract, $2.18 last quote, so up 419%.

     

    Thank you
    Gregg
    3 Jun 2013, 08:20 PM Reply Like
  • Spak007
    , contributor
    Comments (19) | Send Message
     
    KP, as you know I have posted before to your blog. I started following it around the first week of May, so roughly a month ago, which was coming late to the party but never the less very wise for me.. I have pretty much mimicked your trades from that point but with lower amounts of the calls (since they were more expensive when I got in) and am up about 420%. Thank You!!!
    4 Jun 2013, 05:52 PM Reply Like
  • Scottali
    , contributor
    Comments (3) | Send Message
     
    K.P
    I am a local business man in San Diego, been in the last round of Stocks in 2001 and took a great hit like most everyone.
    I stumbled on to you blog just about 6 weeks ago, I was so fascinated
    with what you were doing, specially how transparent you are in making all purchases and selling of options calls on the excel format, quite impressive.
    I took a chance and followed your moves on Sun Power, I started with 5k slowly that same week put another 25k and bought calls for June, in two weeks my portfolio was up 400%, I cashed out at 23.43 and followed your move into WFR and got options for July and October, now as of June 3rd the portfolio is up 800%. I am still in it and thank you for sharing your wealth of knowledge with everyone. I am very sad to see that you will not be updating after end of June.
    I would like you to keep on updating for a long time so I can get my first Million. I have been on this ride for a few weeks but nonetheless the best weeks of my life. Thanks for everything.
    5 Jun 2013, 12:45 AM Reply Like
  • 11828801
    , contributor
    Comments (30) | Send Message
     
    Please don't stop your blog on June 26. Could you please continue to write. Your blog is so valuable.. Please continue!!!

     

    Thanks,
    Karthik
    5 Jun 2013, 04:00 PM Reply Like
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