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Thanks for your questions regarding my returns, I have made a return for the month of 2.9% on invested capital of $200k. I agree that if I exited my positions today I would realise a loss of approx 8K (that is including the premiums received). However I compare it to owning a property in...

21 October 2008 Today I sold 5 contracts of .DAVLS (DIA Nov 97 Call) for $2.34 8 contracts of .ITVEW (IWN May 2009 49 Call) for $7.50 10 contracts of .QAVFB (QQQQ Jun 2009 28 Call) for $6.40 For a total premium income of $13,510.05

In My account I try to keep between 10% and 30% in cash, allowing me to adjust my positions when the need arises. (at the moment I need to exit a postion to get the cash balance up a bit more) When a position drops by more than 15%, I look to try and add to the position, even if it is only...

17th October 2008 October expiration day My .XLEJT 46 calls were looking like being called out, so just before the close I bought them back for a $0.24 profit and then sold 9 contracts of .XBTKA (XLE NOV 53 Call) for $2.47 The rest of the option contracts expired worthless My account...

10th October 2008 The Market was down for the 8th day in a row. My account like most peoples had taken a bit of a battering, so I decided to make some position adjustments. I bought another, 300 XLE @ $39.61 (a cost basis of $48.58) 200 QQQQ @ $30.02 ( a cost basis of $32.92) 200...

7th October 2008 Today I sold, 8 contracts of .QQQJL (QQQQ OCT 38 Call) for $0.40 10 contracts of .SMHJP (SMH OCT 24 Call) for $0.38 6 contracts of .XBTJI (XLE OCT 61 Call) for $1.56 for a total premium income of $1591.07

The ETF's that I am interested in buying are the, QQQQ, XLE, SMH, DIA, and IWN. On October 6th 2008, I purchased, 800 QQQQ @ $33.64 600 XLE @ $53.07 1000 SMH @ $21.89 300 DIA @ $97.55 600 IWN @ $57.70 for a total investment of $144,603.75 I also sold 3 contracts of .DAVJT (DIA...

I am a Race Car Fabricator, and I live in Auckland, New Zealand. I have a been regular visitor here at ET for over two years now. I have been trading and investing for over 6 years now (stocks and options) over that time I have developed and refined my strategies for making money. My...