Expiration Friday – 13.71% gain



4 Responses to “Expiration Friday – 13.71% gain”

  1. CI says:

    That’s a nice gain there!

    Have you considered switching brokers? A $19 assignment fee is pretty steep! I wrote a few covered calls in the past with positive results until one was eventually called. I was shocked that I had to pay an additional fee and really made me reconsider what I was doing especially since I did not want to lose the position. Anyways fidelity offers $7.95+$.75, $7.95 assignment last time I looked. I know other brokers are even cheaper.

    Keep up the good work!

    • admin says:

      I was, but I am very conservative person. I opened accounts with Scotttrade and Fidelity, but none of them approved me for options trading as I have with TD Ameritrade. With TD I have the highest tier approval, so I can write naked puts. I do not know about any other broker at this moment. So I count my trades and potential profits having this huge fee in mind.

  2. admin says:

    Thanks for stopping by Marvin. Yes I can already see the effect on the overall portfolio. On monthly basis I am beating the market and those proceeds are a great help growing my portfolio.

  3. Congrats Martin! That’s an awesome return, keep on with these and you’ll be able to retire in no time!