Brad,
Who made $2.00 a share on IDX this month??? Me or you??? I sold 7.5's. The charts were off by one day. I let them take my stock and then I will buy it back and start all over again. Very simple. Didn't you sell calls as well??? My return is 20% in one month. If I can do that month in month out, which I do 72% of the time(average 14% to 26% return on call writing), when it comes to writing calls, who is better than me??? On average I will out-perform most funds and markets when it comes to doing what I do best, which these days is making money. I am on a roll that I don't even believe. Don't get me wrong, when the market tanked, I got hammered, but I took the time to re-organize my portfolio, and now have a rock solid portfolio.
Trust me, IDX will make me alot of money, I hope it makes you as much and more. My point is that selling calls on hype and BS is where it is at. These message boards give me and many others, other people's opinions and emotions which temporarally cause spikes in situations.
BTW being wrong by 1/2 point is usually considered right.
Regards,
Rob |
