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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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  • My Blog's Credibility 14 comments
    Jun 15, 2013 11:47 AM | about stocks: AAPL, CSCO, FSLRQ, VIAV, JNPR, LDK, QCOM, S, SPWR, SUNEQ, TSL

    Anyone who follows my blog should have complete confidence that the results shown here for the Options2Wealth portfolio are 100% real, and not cooked by some mad, cantankerous, wannabe money manager, sitting in his cavernous office with multiple computer screens spitting out the latest stock quotes and real time, daily charts...and him spinning web(s) of imaginary moves, with the most volatile instrument in the equity markets (options), and, in the process, making gobs of imaginary money, and then posting those cooked results through screen shots of Excel spreadsheets on the web in the hope of gaining a wide following, but ends up with just 49 simple folks (as of June 15, 2013), who, in the throes of sheer pity, decide to indulge him with a few morsels of their time...LOL!

    I recognize that for most folks, a portfolio achieving 10,000%+ return in 5 months just does not seem credible...no matter how one slices it...

    When I started this blog last December, I had a number of goals that I hoped to achieve during my 6 month experiment here...However, the 2 most important goals were to i) show results that most people would never even dream possible from investing in the equity markets, and, ii) to achieve those results with as much transparency as possible without actually divulging my personal holdings...

    As I have said many times in the past, the Options2Wealth portfolio, for the most part, closely mirrors my moves in my personal portfolio...to ensure that there is no ambiguity or misunderstanding, let me expand on this a little...

    My personal option trades always run in hundreds of contracts and in most instances, 1000s of contracts, and then sometimes, even in 10s of thousands of contracts...unlike the liquid stock markets, exiting out of large positions in the illiquid options market can be a long and tedious process, especially if you want to obtain a decent return on your risky bet...Therefore, when I need to unload, it takes some time, and finesse, to exit out of my position(s)...So, last week, when I informed the board that I was going to exit out of the SUNE July CALL contracts held in the Options2Wealth portfolio, I did go ahead and sell my SUNE July CALL contracts immediately after my posted intention... however, because of the size of my position, especially in the July $6 CALLS , the number of contracts that I sold that day were more than the numbers shown to be held by this public portfolio...and, in fact, the next day too, I continued to sell the July $6 CALLS out of my personal portfolio...and, unlike this public portfolio which, believe it or not, is somewhat risk averse <chuckle>, in my personal portfolio,I still own a relatively large number of July contracts, which, up until yesterday, I was planning to sell...but after SUNE's powerful up move in a down market yesterday, I think I will put those plans on hold...So this is just one example of what I mean when I say that the Options2Wealth portfolio closely mirrors my personal portfolio...it does for the most part, but not exactly...hope I have not pulled a Bob Newhart and confused everyone with my explanation...

    At no time would I want my blog's credibility to be questioned...because its credibility is a reflection on my personal credibility...therefore, after considerable deliberation, I have decided to share a picture...after all, it should be worth a thousand words... I will share a screen shot of my personal portfolio's "Account History" page at Ameritrade, showing executed trades on June 6th in my personal account...For those who may care to recall, the following day, on June 7th, in a post titled "Impressive Reversal", I shared 2 screen shots, each showing 1000 contracts of SUNE July CALLS traded within 14 minutes of posting my intention on June 6th at 9:46 am (EST) in the post titled "Importance of Capital Preservation"...In the screen shot of my Ameritrade account history page (shown below), if anyone cares to calculate the average price of the various executions in each of those 2 strike price(s), you will notice that they match the average price(s) I noted here to close out my SUNE July CALL positions in the Options2Wealth portfolio...

    Hopefully this post will serve as definitive proof that the results obtained by my Options2Wealth portfolio, no matter how outlandish they may seem, are 100% real...And, needless to say, I am flattered that a number of readers, in spite of my advice to the contrary, have piggybacked on the portfolio, and by mirroring its moves, have made pretty outlandish profits themselves...yes, some of those folks know me personally, however, others, I have never ever met, or known previously...


    (click to enlarge)

    Note: You will notice that the time stamp on the left does not match with the time stamp(s) in the screen shots that I shared in my June 7th post...I believe that the times shown on the left of the trade executions must be an internal, Ameritrade trade settlement stamp...However, if you see the time stamp that is shown in the detailed box on the right, you will notice that that time is perfectly synced with the screen shots in question...Those of you who use Ameritrade will know what I mean about the time discrepancy between the time stamp shown on the left and the other obtained when clicking the arrow on the right of the trade which reveals further details of that particular trade's execution...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. ;-)

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

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Comments (14)
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  • 11828801
    , contributor
    Comments (33) | Send Message
    You dont have to prove us anything sir, that to with the screenshot of your real 'Personal' Portfolio?? :( Feeling guilty now).


    I started following your instablog a month back and read all your past 6 months posts.... I always believed you and your posts are genuine.


    With 49 followers you cannot move market, and you dont have any direct or indirect benefits from these 49 subscribers. But still you are posting your thoughts, moves, screen shots, comments, excels, and now even personal screen shots. The only reason/motivation could be "Show/help others how we can earn money in equity market with good planning, research". You are doing it for us. Respect!.


    God bless you and your family sir.


    With respects,
    15 Jun 2013, 03:43 PM Reply Like
  • minorpath
    , contributor
    Comments (10) | Send Message
    I am new to options and discovered your blog much too late. Hope you will keep the blog going beyond the 6 month period.
    Many thanks
    16 Jun 2013, 01:39 PM Reply Like
  • goferit
    , contributor
    Comments (27) | Send Message
    me too! I think you're doing a great job and I'm amazed at how "on target" your projections are. I enjoy following your articles.
    .....God Bless.
    16 Jun 2013, 11:19 PM Reply Like
  • 11828801
    , contributor
    Comments (33) | Send Message
    Please don't stop your instablog and options2wealth portfolio this month. Please contnue for another 3-6 months. Please!
    17 Jun 2013, 12:21 AM Reply Like
  • Solararon
    , contributor
    Comments (13) | Send Message
    I have just started to try options trading over the last few weeks from following this blog. I started with about $7,000.


    I have made some blunders, but I am up way more than from buying and holding stock.


    On Positions I have open and closed I am up 89%
    I am still have
    SUNE OCT and JAN Calls


    SPWR May 18 '13 $23 Call $(162) Short -100%
    SPWR May 18 '13 $23 Call $(276) Short -100%
    SPWR May 18 '13 $23 Call $(162) Short -100%
    SPWR Sep 21 '13 $23 Call $221 Short 31%
    SUNE Jun 22 '13 $8 Call $2,513 Short 330%
    SUNE Jun 22 '13 $8 Call $99 Short 311%
    SUNE Jul 20 '13 $8 Call $2,822 Short 248%
    SUNE Jul 20 '13 $8 Call $881 Short 245%
    SUNE Jul 20 2013 10.0 Call $(47) Sell -9%
    SUNE Jul 20 2013 10.0 Call $35 Sell 3%
    TSL Jan 18 '14 $7 Call $(350) Short -34%


    17 Jun 2013, 11:24 PM Reply Like
  • greggbuttery
    , contributor
    Comments (16) | Send Message
    So whats up next for some research - Lets make some more money :)
    18 Jun 2013, 07:09 AM Reply Like
  • Invest2Win786
    , contributor
    Comments (13) | Send Message
    Hey, how about a bonus 4 weeks of exclusive blog material from the "Master Options Trader" for those of us getting late to the party? Gathered some funds 2 weeks back on June 4th, and of the 5 purchases I made, 4 are in the money:


    LDK Jun 22 2013 1.5 Call: Out of Money
    SUNE Jan 18 2014 6 Call: In the Money
    SUNE Jan 18 2014 7 Call: In the Money
    TSL Jun 22 2013 5 Call: In the Money
    TSL Sep 21 2013 6 Call: In the Money


    Thanks so much and give us 4 more weeks to put our portfolios on steroids!
    18 Jun 2013, 09:14 AM Reply Like
  • Play.Money
    , contributor
    Comments (2) | Send Message
    I'd like to add my two cents to Secret Alpha's credibility. I actually took my play money and followed just a few of Karim's moves starting in February. It was a bumpy ride at first with my portfolio going up and then back down below my initial investment amount. But as of 6/18, I am up 1900%. While it isn't 10,000%, I cannot complain now that my play money is serious money! Looking forward to the group convincing Karim to keep his blog going...
    19 Jun 2013, 04:32 PM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
    KP, please continue the blog. Instead of just sharing your portfolio, you can educate us. (I don't mind paying subscription fees) & soon you will become Jim Cramer of this Instablog :-)
    20 Jun 2013, 02:54 AM Reply Like
  • 11828801
    , contributor
    Comments (33) | Send Message
    Agree 100%
    20 Jun 2013, 06:06 AM Reply Like
  • Invest2Win786
    , contributor
    Comments (13) | Send Message
    Lol, his results are putting Jim Cramer to shame! He'll be in a category of his own. And like Invest.beginner said, I'd gladly pay subscription fees for this type of advice :)
    20 Jun 2013, 10:06 AM Reply Like
  • Lynxx
    , contributor
    Comments (10) | Send Message
    O2W, you've done all you can on the credibility front. No one can control what conclusions another person makes. You have written and documents everything beginning in your first posts in December.


    What else can we do but carry on and ignore the doubters?


    22 Jun 2013, 09:21 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (135) | Send Message
    Author’s reply » Sorry for being out of pocket the last 10 days or so...Like I have said here in the past, my full-time job is that of running a startup of which, I am also the Founder...last week, my company hosted the DonorNation School Volunteer of the Year Award and for obvious reasons, I was totally wrapped up in that and immediately following that event, my wife and I flew out to Europe for a short break...I will be returning back to San Diego on July 1st, at which time I will update the blog...


    In the meantime, the markets are doing exactly what I had anticipated, and telegraphed here on my blog more than 2 weeks ago...so I am certainly not perturbed by the recent turbulence in the equities markets...in fact, am enjoying the panic selling and, as time permits, have been nibbling on the KMart Blue Light Specials that the markets have been offering...LOL!


    Be patient and nimble because slow and steady wins the race...




    23 Jun 2013, 03:47 PM Reply Like
  • invest.beginner
    , contributor
    Comments (88) | Send Message
    Hello KP,
    I was waiting for your comment. For a moment I thought you stopped your blog. Good to hear from you. Enjoy Europe!
    24 Jun 2013, 01:27 PM Reply Like
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