Hi Toofuzzy, Here is exactly what I did: Date Description Amount
06/26/2017 Bought 400 GUSH @ 19 -7,600.00
06/26/2017 Sold 6 GUSH Sep 15/17 17.5 Put @ 2.5 1,490.83
06/29/2017 Sold 4 GUSH Dec 15/17 22.0 Call @ 4 1,593.88
09/14/2017 Bought 6 GUSH Sep 15/17 17.5 Put @ 0.1 -69.12
12/18/2017 Sold 400 GUSH @ 22 8,784.80
12/18/2017 REMOVAL OF OPTION DUE TO ASSIGNMENT (GUSH Dec 15 2017 22.0 Call)
For a net of $4,200.39.
Had I done what I only paper traded by having bought 600 shares of GUSH and bought/sold according to AIM I would have done even better.
On a monthly monitoring basis I should have sold 49 shares on 7/1 at $21.65 and then bought 114 shares at $16.95, the price on 8/1 but didn't. I just let them ride. Based on the price on 9/1, $24.32, I should have sold 113 shares but just let it ride.
AIM had no additional sales using minimum sale of 10% of shares, $500 minimum trade size, Buy Safe of -5% and a Sell Safe of 0%.
It went down from the high of ~$27 before the I closed the CALL I sold at $22 for December 15th.
AIM alone would make 95%/year but the straight selling puts and covered calls will gain 155%/year. Not bad.
However, had I used a combination of the two approaches I would have done even better with this high volatility ETF. In this particular trade if I had bought 600 shares of GUSH and did the AIM trades as well as the PUT/CALL routine I'd have gotten ~175%/Year and would still have 75 shares to sell to clear the trade. This would add ~$2000, upping the total to about 225%/year.
I hope that is clearer now.
I haven't had the time to research the next possible trade as I've been in IT hell at the credit union I am President of the Board of Directors as I'm the only one with significant IT skills.
Merry Christmas to all,
Allen
