Replies to post #42498 on A.I.M. Users Bulletin Board (AIMUSERS)

[SFSecurity]

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