Tue, Sep 8, 2009 | Jared Woodard
The unrelenting August rally put some pressure on the call side of our iron condor positions. However, we were able to close out the month with flat-to-positive performance for the newsletter trades due in part to our ability to stagger trade entries based on volatility and delta exposure and to size positions on a risk-adjusted basis – both techniques that we teach on the members area of the site. We are nearing the end of the September expiration cycle and are currently ideally positioned to have a maximally profitable month; October positions will be published for members starting this week.
- S&P 500: 9.12%
- Dow Jones Industrials: 8.71%
- Russell 2000: 12%
- S&P 500 Covered Call Fund: 0.28%
- Condor Options VAMI: 0.39%
- Note: the period measured is from expiration to expiration.
Our Performance page compares the value-added monthly indexes of the Condor Options newsletter, the Credit Suisse/Tremont Equity Market Neutral Hedge Fund Index, and the S&P 500. It includes slippage (the prices displayed in the trade list spreadsheet are the actual prices at which the participating autotrading brokers were filled), but excludes any other transaction costs.
August Iron Condors
- SPY 82/84/95/97: -9.92% return.
- SPY #2 90/92/103/105: 3.58% return.
- SPY #3 93/95/104/106: 6.73% return.
Here are some posts from the past month that are worth checking out if you didn’t catch them the first time around: