Saturday, July 20, 2013
July 2013 expiration is now in the past and the two positions that were open finally resulted in full profit without closing commissions. The month resulted in a +4.51% gain after commissions in the model portfolio and it was very comfortable to handle overall.
Sunday, July 14, 2013
The market keeps defying gravity, and no matter how overbought it is, it just keeps stubbornly going up causing the worst possible scenario for credit spread sellers (sustained uptrends and low implied volatility, can't get worst than this)