Trade date: Nov 27, 2009 Sell to open: 1 Dec 09 1425 put Credit received: $1.10 Initial Margin req.: $14,265.00 Commission: $1.25 Net credit: $108.75 Days to expiry: 20 Simple return: .77% Yield: 14.07%
Trade date: Nov 11, 2009 Sell to open: 1 Dec 09 1400 put Credit received: $1.50 Initial Margin req.: $13,997.50 Commission: $1.25 Net credit: $148.75 Days to expiry: 36 Simple return: 1.07% Yield: 10.87%
Track Record:
Nov 2009: 5 trades placed / 5 winners Net credit received: $901.25
Oct 2009: 3 trades placed / 3 winners Net credit received: $753.75 Sep 2009: 2 trades placed / 2 winners Net credit received: $561.25 Aug 2009: 2 trades placed / 2 winners Net credit received: $312.50 July 2009: 4 trades placed / 4 winners Net credit received: $833.75 June 2009: 3 trades placed / 2 winners Net credit received: $305.00 May 2009: 2 trades placed / 2 winners Net credit received: $368.75 April 2009: 2 trades placed / 2 winners Net credit received: $517.50 March 2009: 3 trades placed / 3 winners Net credit received: $472.50 February 2009: 2 trades placed / 2 winners Net credit received: $395.00
I have been involved in the stock market both privately and professionally for over a decade. I have found that out of many investing techniques, selling far out of the money Index options on the Nasdaq 100 (NDX) has been quite profitable. This is a system, that if one is comfortable with the risks inherent in selling naked index options, can provide monthly income while producing above average returns.
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