got killed last week ..some bounce back today but need a lot more
sold to open 5 VLDR April 16th $12.50 puts for $85 each
CASH $70 REALIZED GAIN currently $12345 but obviously if things do not pick up we will be offsetting some big losses soon
I transferred $50000 from my IRA into A ROTH IRA and this is my plan to double it by years end.
If you make just 2 4% transactions every month ,you will make 8% per month or 96%per yr.
4% may seem hard but really it's just:
.40 on a $10 stock
20 cents on a $5 stock
$1 on a 25 stock
obviously we don't want to put all the money in one stock. If we split in 2 we need four 4% investments split in 3 six 4%. split in four 8,etc etc
so far
Bought 1000 sh SRNE @ $10.30=$10300
sold to open 8 put options SRNE @$9 for $55 per option 55/900 =6.1%
+$440 Will look to sell some February call options against the shares.