(I was looking for this post and couldn’t find it and finally realized that I must have hit save instead of publish. sorry for the 3 week late update. My losses are much greater since this post, but I haven’t edited anything outide of these parenthesis)
I had an average month for my returns in February and that’s a good thing, especially considering that all of the major indices were down again and I was up. I’m glad I limited my bleeding to January.
I think that’s part of the trick with naked puts. Those of us who do it long enough will have some horrible months, but those of us who understand it going in will not let that one bad month stop us from trading a system that works in the longer term. I’m still down about $9,000 from my high (subtracting out my most recent deposit) and expect to be positive for the year within another four to five months.
My Taxable Account Summary:
- Current Account Value: Ameritrade: $82,724.09, Quicken $82,873.54
- 12 month Return: 8.71%
- Since 4/8/07 (blog’s beginning): 2.83%
- Deposit for month: $2,000 on 2/1/08
The Major Indices Summary:
- Market Volatility on 2/29/08:
- CBOE Market Volatility Index
- (^VIX): 26.54
- (^VXN): 28.44
- 1 year S&P Return: -3.6%*
- 1 year Dow Jones Return: 2.32%*
- 1 year NASDAQ Return: 5.99%*
- 1 year Russell 2000: 12.44%*
* Source: Morningstar
Good work man. I am still out of the market and still waiting patiently on the best time to enter again. What is your opinion on the US Market and Economy right now? Shall we see a recovery soon?
I think we’re in a recession right now, but will probably start turning back on a sustained climb within the next 3-5 months. I don’t see it as a rocketship recovery, hopefully not anyway.