Hi Gang, As I reported on GUSH a while back, the price declined to 23.43 as of the close of market 12/15 so the CALL I sold at $22 was exercised. Had I done AIM alone I would not have made as much as I did.
Bought 400 shares at $1900: -7600 Sold 6 PUTs at $17.50 that I bought back: +1490.83 & -69.12 Sold 4 CALLs at $22.00 that were exercised: +1,593.88 & $8,784.80
Net Total: $4200.39
This started on 6/26/2017 and ended 12/15/2017.
As I stated before I would have done better still had I bought enough shares, ~200 more, to do both AIM and the options trade.
I've been busy with the Credit Union, I'm President of the BoD and the one who knows computers, getting in an upgrade to equipment and the Internet and phone connections. Still not quite done with it, Monday I have to run new wires for the DSL and the POTS (Plain old telephone service} lines as the old wires, probably 25-30 years old, are giving us a bit of trouble, static, etc., so I haven't had a chance to chose another 3x ETF to try the same routine with, but this time along side AIM.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.