This blog site aims to provide updates on the status of the Go888Go Investment Fund. Some of the key trades and strategies used will be posted periodically.
Fund B : Value increased from $10K (1-Sep-08) to $20,875. Target met and Fund B CLOSED. Kept 20% commission on profit made. Returned $18K to investor (nephew).
Fund A : Value increased from $50K (1-Sep-08) to $93,206.
-40x C-Dec-7.50-PUT (target profit $4,680) VERTICAL SPREAD i.e. Bull-PUT-spread and Bear-CALL-spread. The trade is setup by selling an out-of-the-money PUT (or CALL) and simultaneously buying a further-out-of-the-money PUT (or CALL). CALENDAR SPREAD This is setup by buying one option of a given strike price and expiration month and simultaneously writing an option with the same strike price but a different expiration month that has less time until expiration than the option you bought.
The trade is setup by buying an out-of-the-money CALL and simultaneously selling an out-ofthe-money PUT.
RATIO SPREAD The trade is setup by buying one at-the-money CALL and simultaneously selling two out-of-the-money CALL. STRADDLE (and STRANGLE) Buying a Straddle involves buying a CALL and a PUT of the same strike price simultaneously. Buying a Strangle involves buying a CALL and a PUT with different strike prices simultaneously. CLICK here for more detail uses of the various Option Strategies ===> CLICK ME
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