We started testing this Option Trading Strategy on 6/1/2006. On Oct 3rd, we came close to breaking $12.00. Unfortunantly the market moved against us and even suffered from a losing trade in Nov. Although we are not completely out of the water yet for the month of Nov, we do have 19 points of room with 5 trading days to go. This gives us a secure winning percentage of about 90%.
The NAV breaking $12.00 also means our YTD return finally break the 20% barrier. We are now up 20.45% since Jun 1st. If we continue at this pace, our annual reaturn by next Jun will be 47.24%. Not too shabby.
The next stage is to generate ~20% return for my mom and my girlfriend’s portion of the fund. Once we successfully do that, we will open up the fund and help more family and friend invest and build wealth.
