June 2007 Options Expiry
This month was not such a good month… the market pulled back right before option expiry and forced donations. Usually if the market falls during the early part of the period, we would not have worried.
Anyways, here’s the summary
ANZ - profit $832.60
ZFX - profit $890.60 (put spread)
ZFX - profit $455.38 (naked put)
OSH - profit $2,425.5 (CFD position)
LHG - donated $2,053.60
CSR - donated $315.33
WDC - donated $3,468.80
NWS - donated $6,712.17 (From May)
This month donated $7,945.82
Effectively donated all of May & April’s profit back to the market. Three months and zero return, lucky I have a big equity buffer for time like these. Never use money you cannot afford to donate. We are in the business of making a profit, that said we need to master the art of money management.
