Finally, back into the game of options trading for the year. I’ve spent enough time in my new role with my employer to be able to juggle travel, work, life and trading! It’s about time!

Last month I went ahead and dropped down a quick RUT position, it turned out very nicely, I’ve just rolled that forward into a September position for my personal portfolio as well. In the paper money portfolio, I opened a RUT and SPX position. Both were perfect as well! What a nice month. Here is the summary for the papermoney account.

• Topline Summary (For Educational Purposes Only) Not a Real $$$ Account – All trades simulated
• Opened May 16 2006
• Starting Cash Balance: $100,000
• Current Cash Balance: $122,894.30

Up 22.8% over the last 14 months!!!
Not to shabby for taking about 7 months off of trading and still making a smooth 22.8%

I’ll be looking to put down a couple more paper money trades over the next few days. I’ll post them when they are all finished.

It sure looks like it! The December option cycle is quickly coming to a close and all of the positions I have open right now are nicely padded on the top and the bottom.

For the month, I wasn’t able to take in as much premium as I would have liked; because my risk tolerance didn’t allow me to move closer. Over the years I’ve learned that it’s better to only make 1/2 of your goal for the month, and still make money; rather than go outside of your defined tolerances and strategies just to make a bit more money. In the end, the losses that I have suffered have far outweighed the “extra money” I would have made.

I’ll keep an eye on the top side of the Condors over the next few days… I wouldn’t expect any major changes, things look pretty good out there! Once we wrap up a few more profits in the account for December, I’ll go on the hunt for January positions!