I forgot to blog this on Monday. Anyway, it was time for me to close my last Apple spread. It had done it's magic.
Here's the brick: (No commission shown it cost $7.89)
CLOSED: AAPL - Apple Computers
5 contracts APRIL 2015 $85/80 bull put spread
Position open: sep-4
Position closed: nov-17
Position open: 74
Maximum Premium : $512.19
Maximum loss: $1987.81 (2500-512.19)
Closed @ 78% capture ($412.19)
Representing an annualized yield of 97%
I'm still bullish on Apple, so I'll be looking to add a new position 3-6 months out with higher strikes.
In other news, it looks like I'm running an average annualized yield of 40-45%. I'm unable to give you an exact number so far because my account wasn't even fully funded until last month. Once I get more than 6 months of data in the new account (look for it 5 months from now) then I'll be able to give you the reports that show my rate of return.
Stay HUNGRY my friends.