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September has been a rough month using my strategy.  The drop in SPX put my long positions "in the money".  To prevent impact near expiration day, I rolled my positions to October expiration.  By rolling my positions, I took a short term loss of 19K in September with the anticipation that I would see a 28K overall gain on those same positions in October.  This strategy assumes that the market returns to my target range.  If I had been able to let these positions close in September, my month would have been approximately$25K profit.

Rolling options isn’t optimal and I’ve been able to avoid rolling positions since 11/2014.  Patience and persistence should pay off here.  In 2014, I panicked and missed the opportunity….I won’t repeat that this year.  My target for SPX is to end October 15^th between 1960 and 1990 to allow me to reap optimal benefit.

WMIH went back to the Nasdaq this month, which should prove profitable for that position.  Expecting a merger or another joint venture announcement.