Once again, volatility wreaked havoc with our options portfolio. After four trading days, our portfolio return was back to breakeven, a whopping reversal of 23% over the prior week. Unfortunately, volatility once again spiked higher on Friday which cause some of those gains to evaporate. We still ended the week with an overall gain of 9.6%, but Friday’s losses still hurt! Our short position against the VIX index is causing the biggest drag on the portfolio. We think the market will bounce back again on Monday and Tuesday, so we plan to hold through the position’s expiration which is Wednesday next week. We expect to take a loss, but are optimistic we can minimize that loss if we get that market bounce. We fully expect this portfolio to recover in the near term once volatility begins to subside.
Portfolio Details Available Online At:
http://www.marketbeatingstocks.com
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