August Month End IB Account +$20,000, 6.5% ROI in the month

August was a great month in the market which is reflected in our monthly result. The account increased by $20,000 or 6.6% and outperformed the S&P.

Positions as we exit the month. All eight positions are making a profit. Four of the eight are more profitable due to covered call writing. The ($33,339) loss on writing options reflects our conservative strike prices (dominated by the ($47,059) loss on DXCM. It is hard to believe this market can keep going up and up. If we wrote more aggressive options (higher strike prices at or out of the money) our profitability would be higher…..but we will continue to be cautious and write mostly in or at the money options.