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Did you miss the part where I also said they have record breaking earnings? I should have known better then to post an intelligent comment on these forums. My fault I will leave it to back to you guys now.

Hate to break it to you guys but in 2008 companies were strapped for cash and couldn't raise any capital. Now companies are sitting on an all time high of cash with record breaking earnings. If I remember correctly the valuations of companies are based off their earnings. Something tells...

Bought back MSFT 27 Aug 20 for $0.13 and sold MSFT 25 Aug 12 for $0.56..Gonna go down swinging!

Start of week: $23,712 End of week: $21,695 (-%8.5) Well, being margined and going through a week like that has really hurt. I am a bit discouraged but will try and repair the damage done. It will take at least 1 month of call writing, if not more. I just hope the damage is done. I...

Sold M 26 Aug 20 for $1.07 including commissions Sold NKE 82.50 Aug 20 for $2.00 including commissions. Have a couple months to makeup the damage just dealt in 1 week. Staying positive :)

Intraday market hit -370 which is close enough to 400 for me..rallied 100 since then. Your comment is ridiculous by the way, I could discount any trend anyone would ever bring to me by picking some favorable time from the past based on my argument. You, sir, are a troll.

Today? DOW down 300-400 should indicate capitulation has occurred.

Repair mode continues Just bought back M 30 Aug 20 call for $0.22 Keeping MSFT as is for now. Deciding whether to sell new strikes on NKE and M or just dump them, will likely dump M as I don't want to hold it through earnings anyways.

Repair mode time Just bought back NKE 92.50 Aug 20 call for $0.11 Stand by..

Start of week: $24,201 End of week: $23,712 (-2.02%) Trades: 0 Current Covered Calls: MSFT Aug 27 M Aug 30 NKE Aug 92.50 This week looks worse then it really was. The VIX was killing my account as it kept shooting up everyday. I thought we were due for a VIX spike so here it is I...

ended up keeping MSFT how it was. IV is acting very strange today with the VIX up just a bit. My MSFT common stock is up $0.18 and my MSFT call is up $0.23 today. Not quite sure how that one works out considering earnings have already happened. M and NKE are both starting to show more...

Since I'm somewhat new to this strategy (about 3 months now) I'd like some opinions from people if anyone is experienced. Right now I have the option to make this trade: I sold the MSFT 27 Aug 20 for $0.60 when MSFT was at $26.50 MSFT is now at $27.90 and I can buy my call back for $1.10...

Start of week (wednesday): $23,793 End of week: $24,201 (+1.75%) Trades: 0 Current Covered Calls: MSFT Aug 27 M Aug 30 NKE Aug 92.50 Pretty good short week out there (started this journal on Wednesday, 3 day week of results). Almost all my trades have gone pretty well so far this...

Hey yeah I pretty much decide strike price based on what I feel is a fair value of the stock. Obviously all my holdings I expect to increase in value. For instance on the microsoft I thought 27.50 was a possibility after earnings. I sold the 27s for $0.61 which represents a max earning...

Hello, I have a portion of my portfolio I would like to track in this journal. This is a somewhat new method for me and I have been trading the method with real dollars for about 3 months now. I will use all real dollar values as a fraction of my actual holdings. I intend to update at...

Keyser, We sound very similar in investment philosophy and points in our life (age, work for large cap company, frugal, looking to accumulate wealth). I am going to start my own journal as well and I look forward to following yours.

I'm getting 20:1 leverage because the position is nearly cash neutral. So now you have to ask yourself what investment vehicleS (it's 2 vehicles working together, not 1 working independent of the other) can get 40% in 5 years with no more then 1% correction. I'm not trying to play games, but...

Murray thank you for the first honest reply. Someone finally reached out to me in a PM and I told them of the trade and they advised me against sharing it on this forum. Thank again for the interest.

If I post a more indepth post with charts and the trades involved, will I get a more serious response? The problem is I don't want to give the trade away to everyone, just a select few that may be able to help me structure the strategy a little better then already and make some profit with me...

Sweet, you make 80x without your account ever going down a single % any single day? must be nice. why are you posting on a forum and not sipping a corona on your own private beach?