April Returns

April’s returns were very good because I’ve been selling a lot of premium.  My strategy for this crazy market I started back in January consists of selling premium using straddles, strangles, ICs, and naked puts.   Since I was selling premuim 3-4 months out things are just now starting to pay off.  Selling premium on range bound stocks has been very profitable for me.  I’ve got several more positions paying big dividends that will expire over the next few months.  I’m just sitting back collecting me some moola.

Closed: PBR BLCS +51.00%

This one worked out very nicely.  Oil has been strong for about 3 weeks sending all the oil stocks higher. I decided to close this one since it had run long past my long call and they will post ex their dividend next week.

Credit: 2.55   +51%

Closed: MSFT BLPS Apr 14/19 puts +65%

Closed this one out into the huge Nazz rally.  I’ve been waiting for this position to turn to the good since Jan and now it has.   I finally made a nice gain @1.04

ROI: 65%