October 2009 results:

October was the 2nd best month so far, due mainly to the fact that I was able to sell a November 1300 put early in October when the NDX was in a decline and the VXN rose by 10% to the 30 level. The net on that sale was $387.50 on 13,000 margin. $366.00 was made on 41,000 margin, which again shows that with the VXN deflating month to month, it is getting harder to sell premium at least 20% otm and receive a decent premium. Todays 7% increase in the VXN is encouraging, especially considering the market is still climbing higher. Hopefully the market will enter into another 5% pullback, allowing for more Nov puts to be sold.