Market Overview

10/22-10/26/2012 Market Recap VIDEO: Markets Continue To Pullback

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10/22-10/26/2012 Market Recap VIDEO: Markets Continue To Pullback

 


Broader Market Weekly Performance:


Dow -1.77%


S&P -1.48%


Nasdaq -0.59%


Russell -0.94%


 


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MARKET UPDATE:


The market roller coaster is back! See the video below for what happened this week and what it means going forward:SPAN>


 


 


Here is a recap of October's performance for the BookingAlpha Trading Services:


 


Navigate wisely and stay profitable, my friends. Happy trading!


 


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BOOKINGALPHA UPDATE:


Monthly Trading Service Commentary:


The Monthly Trading Service finished the week in cash after closing all positions profitably during the wild trading week the market gave us.


 


We closed 3 Iron Condors and 1 put spread for a +9.25% monthly gain while leaving 20% of the portfolio in cash at all times.


 


The recent migration of the strategy to back month options has drastically reduced portfolio volatility and risk.


 


We continue to improve our site functionality and have now listed Open Trades on the website. In a separate window, login to www.BookingAlpha.com and then click the link below to be taken to the Open Trades Page.


 


*You must be logged into BookingAlpha.com before for the link will work


 


 


Weekly Trading Service Commentary:


Our SPX Bull Put Credit Spread expired for +4.17% gain on Friday. We were in the trade for a total of 4 days. We were unable to Iron Condor the trade by selling a call spread because the market never gave us an opportunity to do so. No worries, we are happy with a +4.17% return for the week.


 


We deployed a new Bull Put Spread during Friday's trading on the S&P for the next weekly opex, Nov 2. The S&P looks to be forming a bottom, even if only short term, around the 1400 level. We will try to Iron Condor our current Nov2 spread if the market provides the opportunity this coming week.


 


We continue to improve our site functionality and have now listed Open Trades on the website. In a separate window, login to www.BookingAlpha.com and then click the link below to be taken to the Open Trades Page.


 


*You must be logged into BookingAlpha.com before for the link will work


 


Check out the BookingAlpha Trading Record


 


Check out my latest interviews at TraderInterviews.com & Benzinga:


 


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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas

 

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