Not Even OpEx Can Move Markets, More Profitable Trades, SPY Roll Adjustment
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What a boring week. Markets flat-lined again this week with the exception of Thursday where markets rallied. Bet even the rally was a tepid one. Trading volumes have reached levels usually seen in late December. Bottom line: there isn't much to blog about because not much is happening in these zombie markets.
This interesting post from ZeroHedge points out some food for thought regarding the recent trading action: Why VIX Is So Low, And What Comes Next?
The Monthly Trading Service continued its profitable run for August posting an +11.04% gain after the +4.70% gain for July. Since May the Monthly Trading Service has posted a +31.42% portfolio gain while always maintaining a minimum 20% cash reserve..
The Weekly Service closed 2 trades this week for a +54.21% gain and a -5.23% loss. A roll adjustment was required of a SPY put position which was executed for a net credit (that is a good thing). A new DIA strangle was also deployed to allow us to benefit in either a continued melt-up or a well deserved pullback. The Weekly Trading Service has posted a portfolio gain of +25.3% in the past 6 weeks while always maintaining at least a 20% cash reserve.
New positions are slated for next week in both Services but we are being cautious. With such light liquidity and heavy volatility compression there is no reason to chase new positions here. We are happy to wait for the right opportunity to present itself. Remember:
1.) Cash IS a position.
2.) Sometimes the best trade is the one you DIDN'T make.
Thanks to everyone and have a great weekend!!!