Mike, did you see the mention of Value Line in this week's "The Striking Price" in Barron's ? Have you ever looked at their options survey ? It costs $299 annually with an eight-week trial available for $37.50.
valueline.com
The problem for me with starting a 90-10 is finding the option candidates (other than your stuff, of course <g>). I think I will try it for 8 weeks. Could you explain the sentence in bold ?
Value Line's program kicks out scores of recommended trades a week, ranging across the board from naked-call buying and covered-call writing to naked-put selling and buying. The firm counsels putting perhaps only 20% of the money allocated for options strategies toward option positions, with the remainder in cash.
The strength of Value Line's diversified approach is evident in its third-quarter results, the latest aggregated performance numbers available. During those tumultuous three months, its recommended call purchases returned 42%, while put buying racked up a 55% third-quarter gain, a sure sign that the system is not merely offering market-reliant directional trades.
Of course, these returns assume that one had set all the recommended trades and rebalanced them weekly -- not really feasible -- but the numbers reflect the strength of the program nonetheless. The firm's less risky long/short hedge portfolio, built with the simultaneous purchase and sale of options, rose 8% in the third quarter and has averaged 20% quarterly gains over the past three years.
Thanks,
John |
