The month of June was a busy month, I did 9 trades and two options.
I lost on two trades and nearly loss big time on the EURUSD call option but managed to recover and actually made a profit. You will recall that the two month EURUSD call option had a breakeven of 1.3175 and expiration on 28 June 2013. I squared at 1.3268 and it hit a high of 1.3365 just before expiration.
The yum yum trade was the 2 week USDJPY call option. I just felt the JPY strengthened too much too quickly and a significant correction was going to happen. So I bought a call option at 94.15 with a breakeven at 95.86 and I bought back the option at 97.50 for a nice profit of 16.8%.
So for the month of June, I am up 33.3% in absolute returns. So far, YTD trading profits in absolute is 136.7% with this month’s trading profits, it brings the absolute returns year to date to 170%.
The Panthenon Investment Group 