End of Month Summary - February 2008
(I was looking for this post and couldn’t find it and finally realized that I must have hit save instead of publish. sorry for the 3 week late update. My losses are much greater since this post, but I haven’t edited anything outide of these parenthesis)
I had an average month for my returns in February and that’s a good thing, especially considering that all of the major indices were down again and I was up. I’m glad I limited my bleeding to January.
I think that’s part of the trick with naked puts. Those of us who do it long enough will have some horrible months, but those of us who understand it going in will not let that one bad month stop us from trading a system that works in the longer term. I’m still down about $9,000 from my high (subtracting out my most recent deposit) and expect to be positive […]
Original post by Alex Fotopoulos