July was a nice month. Apple reported great earnings and I was able to close the position opened earlier this month for a quick gain. Thursday late in the date I unrolled the RUT and SPX plays for next to nothing and I fully expect the MSH play to close completely profitable. The only play that doesn’t seem to be a great one is my quick play on Google for earnings… It appears that they beat estimates again but it just wasn’t enough.

Once the final numbers for tomorrow are out, I’ll update the position sheets and the account balance. I don’t quite think that I’ll be able to make back all of June’s losses this month, however by the end of August, we should be back in the money. It can be a roller coaster at times, but when you stick to it… the money rolls in.

Good luck – I’ll post updates tomorrow

Categories: Options Trading, Papermoney