The Calendar Options second-quarter return trounced the S&P 500 as well as VTY (link below). Our Model Portfolio return was 15.46%, compared to –3.65% for the S&P and nearly –4% for VTY. Overall, market conditions differed little from the first quarter, so it looks like our latest strategy refinements are proving successful. Nevertheless, we continually use feedback from our monthly, quarterly, and annual results to improve the strategy and adapt it to long-term changes in market conditions (more about this…
“A smooth sea never made a skilled mariner,” goes the proverb, and we've sailed some rough waters in the relatively brief history of our calendar-spread newsletter. As Jared noted in his review of Condor Options performance for the first quarter of 2010, we've demonstrated time and again that market-neutral strategies can and do work in all kinds of markets. Nevertheless, some environments are more challenging than others, and the measure of a strategy depends as much on how it performs when the going gets tough as when the market hands us an “easy” month...
The Calendar Options newsletter continued its positive trend in the fourth quarter, giving us our best return to date. Our model-portfolio¹ return for the quarter exceeded 40%, bringing our total return for 2009 (not including the cost of commissions) to 55.62%. The maximum drawdown, standard deviation, and number of months positive for the newsletter model portfolio were all comparable to the S&P 500...
We’re sorry, the Charter Member Discount program expired on January 23, 2010—but be sure to check out our price list on the Products page to see our standard discounts for 6- and 12-month prepaid memberships (non-refundable).
Earlier this month, we announced a change in how we're going to publicize the performance of our strategies. Much as a company's performance and the price of its stock can suffer in the long-run as a result of too much focus on short-term performance, we believe that investors do best when they take a long-term perspective...
Wednesday, July 21, 2010
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