It should be a lot tougher than this to earn about 20% annualized
However, here are some current annualized returns on January naked puts and the actual returns will almost certainly even be two or three percentage points higher with early outs:
22.7% annualized for BAC 4's (stock at $9.24) 21.8% annualized for GE 12.50's (stock at $20.16) 21.4% annualized for CSCO 12.50's (stock at $19.91) 20.3% annualized for HAL 15's (stock at $33.37) 20.1% annualized for PFE 15's (stock at $21.91) 18.9% annualized for HPQ 13's (stock at $24.40) 18.2% annualized for F 7.50's (stock at $12.90)
By the way, in order for me to make the written GUARANTEES that I do, I must be absolutely CERTAIN when it comes to return on invested capital. For those that think I am overstating the actual returns, keep in mind that I'm backing up what I say with written guarantees where I can be taken to court.
Just look at that return for example on the HPQ Jan. 13's - 18.9% even without an early out. What a joke!