August reminded us again why we do this... to make money! We caught winners on both ends, puts and calls. We caught gap moves in our favor and the rest is history. 49.8% in a month and this is how we did it...
A Big Payday in August
We took 14 trades in August. We split it down the middle this month with 6 winners and 6 losers. 2 trades were a push. Grubhub made this month fantastic and boosted our returns to close up 49.8%. We'll get into GRUB in a moment.
First, take a look at the bar diagram I created to illustrate each trade during the month of August. They are in the order we put them on.
When reading this chart, the light grey bar is the range of the option during the life of the contract. The red and green bars are the average gain or loss by OptionsGeek members. What should be clear is that we aren't waiting around for the Options to expire worthless and we aren't catching the highs. We play for the middle. As a member you will learn exactly how to do just that.
GRUB Shocker Helps Us
GRUB Puts made everyone's day as the stock collapsed in a surprising earnings release with even more surprising comments from the CEO. If you want to see the write-up I did just Click Here. What's crazy about the trade is that after a 620% gain the option expired in the red. This is another reminder why we never try to sell the top at OptionsGeek. Living in the middle works just fine over time.
To see what I am talking about, check out this chart on GRUB.
Imagine not taking your gains here and trying to press a short. The stock traded back up by December expiry and anyone who didn't take most if not all the profits when they were handed to you needs their head examined.
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