2012

Spread Account and Profit Tent Portfolio™ Monthly Results for 2012

This page is where the rubber meets the road. Below you will find my monthly results for both the Spread account and the Profit Tent Portfolio™ account. Both of these accounts show the gain on risk, and not the total gain of each account. Generally, each account only has 20% of the total balance at risk for any given month. Based on that, the gain will look quite impressive.

At the bottom of the page, you will find a bar chart that I call The Option Guru versus the S&P 500. In that illustration you will see the total gain on each account compared to the gain of the S&P 500 for each month and Year-to-Date..

It’s not my intention to beat the S&P each month, but I do intend to beat it for the year. My primary goal, however, is to provide enough low risk income to supplement my retirement and live happily ever after. Isn’t that all any of us want?

◄Jeff ►

▬▬▬▬  Spread Account  ▬▬▬▬

▬▬▬▬  Profit Tent Portfolio™  ▬▬▬▬

  • Michael

    Weekly Bearish Call Strategy – I have a bearish call spread on SPY for Feb 134/132 with a net credit 1.40.  Another on IWM for the Feb 82/80 with a net credit of 1.30.  Finally on the SLV for Feb 32.5/31.5 with a net credit of 0.68.  Used 5 contracts on each.  All of these expire after 4pm tomorrow.  Any thoughts or opinion on these  prior to expiration?

     Thanks.

    • http://theoptionguru.com/blog Jeff W

      Michael,

      Unfortunately, all 3 are currently In The Money (ITM), meaning you will be assigned on your short positions. Depending on your broker, they may also exercise the long strikes that are ITM (depends on how the day ends tomorrow and what the closing prices are). So it ‘may’ be that there is nothing for you to worry about EXCEPT: 1) assignments (depending on your broker) could cost you extra commissions and 2) your long strikes may not end up ITM and you would be left holding the ETFs.

      The best thing to do is to just take your loss and close them out tomorrow before the market closes or right after it opens, depending on which way the market seems to be headed (up, close them right away; down, wait until the PM to close.

      ◄Jeff►

      • Michael

         I use Think or Swim.

        Thank You!

        • http://theoptionguru.com/blog Jeff W

          Michael,

          All the more reason to close your positions today. If one of the strikes are ITM, you will be charged a $15 exercise commission and you will end up with the underlying. If they are both ITM, you will be charge $30 and will also take the max loss and not own the underlying.

          ◄Jeff►

  • Johnds01

    I can’t access callwriter.com, emails are bouncing back.  Has callwriter cease operating?? Does anyone know what is going on?
    thanks

    • http://theoptionguru.com/blog Jeff W

      John,

      It’s a mystery to many of us.

      ◄Jeff►

  • Leelee33802

    Does anyone know?  Has callwriter.com gone out of business? thanks

    • http://theoptionguru.com/blog Jeff W

      Lee,

      I had a call in to My Brasher a few weeks ago. Repeated attempts to get a call back have failed, even though the number(s) are still working. Since it was pretty much a one-man operation, I hope that he is not ill. When I find out, I will post and let everyone know.

      ◄Jeff►