New investment in the 250K all long-term naked put-writing portfolio
Additional margin availability occasioned by mounting profits in this portfolio enable me to make this additional investment:
With the stock at $61.95, I sold 25 QCOM 45-strike naked puts expiring in Jan. 2015 for $265 apiece. Net proceeds after commissions of $6,605. Cash margin requirements at TD Ameritrade amount to $18,000. Nominal return of 36.7% for 20.6 months or 19.8% annualized. However, if the stock is merely where it is now 12 months out and I elect to get out early, the return should be about 27%. How many situations do you know of where if an undervalued stock is at the same price a year out you still earn 27% for your efforts.
I consider myself to be one of the nation's top experts in this type of investing and I have the results to prove it. While humility may not be my bag, actual results are.
04/29/2013 12:52:32 Sold 25 QCOM Jan 17 2015 45.0 Put @ 2.65 6,603.67
I don't "feel compelled to advertise anything" - and I don't. But with all of the skeptics here, I do want to show each and every trade so I'm on the record at all times. Anyone can say after the fact that they did well but I show all of the trades in real time while the issue of success or failure is still very much in question. Nobody else has the guts to do that but I'm very very proud of my methods and my record and I want the board to see ALL of the transactions - not just selected winners. I think that that is necessary in order to have credibility.