May Results

May results are now complete, and I have to say... this was one weird month. It's now become redundant to say that this is a wacky market, but... this is a wacky market. In an incredibly scary time during the first few months of the year I was killing it... then when things settled down (April) I get crushed. May was a nice month from a profit standpoint, but I made money in places I wouldn't have guessed. Here's a look at the overview:


Condors:

• 4 trades
• 2 winners, 2 losers
• -1.8% average

Directional Trades:

• 10 trades
• 7 winners, 3 losers
• 9.7% average

Calendars:

• 2 trades
• 1 winner, 1 loser
• +1.2% average
  

Totals:

• 16 trades
• 10 winners, 6 losers
• Overall ROIC: .37% (that's "point three seven", not "thirty seven")

The whole thing was just strange. My Calendars and Condors were basically flat, and I made a little from the directional trades, but I didn't have much in them so the weighting wasn't significant. At the end of the day, it was a flat month. The good news is that long term holdings did REALLY well, as they did for most people; so I can't complain. It was a good month overall. More good news... June is shaping up nicely so far.

Good trading…