After three straight incredible months, June was great. Not because we made a lot of money (We barely scratched). June was great because we got to feel how the strategy works and how simple math helps us over time. Let me explain.
Back to Reality
We took only 11 trades in June. 3 Winners. 1 Push. And 7 losses. This month was particularly hard with gap losses. Several trades didn't even give us a chance. We'll get to them later.
First, take a look at the bar diagram I created to illustrate each trade during the month of June. 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.
June Was All About the Details
As you can see, a lot of red there. 4 of the 7 losses were gap losses that hurt our ability to stop ourselves where we needed. It happens. US-China tariff battles were full steam ahead and the choppiness was hurting results.
But this is important. We still managed to come out on top. And that's because the 3 winners were able to make us whole on the losses. This is an important lesson...
You can reach the Baseball Hall of Fame, its highest honor, by batting .300 (3 hits for every 10 at-bats) over your career. In options, you can make a significant amount of money by winning just 3 out of 10 trades. There's a caveat, though. When you win, you gotta really hit it hard!
We did just that. Take a look.
I want you to notice something else... the right hand column. All the loser expired at -100%. This is a prime example why we're not waiting for options to go to $0. The math we are using doesn't work with 100% losers.
With tension in the investment air, Gold caught a bid lifting all gold stocks. We owned SSRM, which turned out to be a home run!
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