December 2013 +3.05% YTD 4.37%

Dear Investors,

Dic 2013 +3.05 YTD 4.37%

Another year has passed, the fifth year of Seasonal Spread and Option Strategy (SSOS). It has been a difficult year, but we have achieved a 4,37% gain.(Past performance is not necessarily indicative of future results.

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September 2013 -2.87% YTD -0.89%

Dear Investor

Sep 2013 -2.87% YTD -0.89%

A hard month in which things have not changed a lot. In addition, for this month we have the issues of the government shutdown  in the USA, now at least it looks they would return to business as usual, something that would make the markets relax a bit.

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August 2013 -2.36% YTD 2.05%

Dear Investors,

Another difficult month, a month in which things have radically changed within two days. The market is inverted in many unknown ways and all this results that things are turning hard and the worst of all is that they are irrational.

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July 2013 +3.21% YTD 4.50%

Dear Investor,

July +3,21% YTD +4,50%

Finally, a month that is more quiet and in which some of the spreads have worked. I see it as one battle won, but to win the war we need more. The market continues to be very volatile with rather abrupt movements. This becomes more marked in August when most of the traders are on vacation and the interns are in charge!

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May 2013 -1.5% YTD +6.30%

Dear Investor,

The month of May -1.5% YTD 6.30%.

This is the third consecutive month of continuous suffering. The markets move absurdly, and all I do is suffer and lose money. The movement previously demonstrated by a spread in the period of a month happens now in one single day.  The worst of all is that it makes you think that everything would go well and when finishing the session you return to the initial point or you are in loss. One cannot trade like this.

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April 2013 +1.07% YTD +8.04%

Dear Investor,

April: +1.07% YTD 8.04%. Yet another difficult month. I am rather young but I have been around the markets for many years and I can let you know that so far this April is the most difficult month I have ever seen.

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March 2013 -5.25% YTD +6.9%

Dear  Investor,

March performance was -5.25 %, bringing the YTD to 6.9 %.  After eight months of positive returns, the markets turned against the GPAM strategy.  While it is expected that correlated markets would move in the same direction, it is unusual that non-correlated markets and various positions in a strategy such as ours, with no directional market bias, would all be losers in the same month.

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February 2013 +6.10% YTD 12.79%

Dear  Investor,

​February, 2013: +6,10% and  +12,79% YTD, therefore it is another very good month despite the fact that the seasonal fluctuations of the energy market do not work. Obama’s influence concerning the energy strategies for the coming years and the rise of the price of natural gas have caused that most of the spreads that we have do not work. What is more, now in the middle of March,  2013 I had to close the majority of these strategies for reasons of risk.

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January 2013 +6.31% YTD.31%

Dear Investors,

The new year began, and it did begin very well:  +6,31% in January, energies and Lean Hogs have failed in the last week but altogether it is a very good start. The market remains very volatile but at the same time it seems that the periodical fluctuations are taking control from which we could benefit dearly.

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