At the close today our IB account is up 110% versus S&P 500 up 13%. It has been a fun run….
Both Schwab accounts are at record highs. 20 of 23 open covered call positions are profitable generating substantial net profit (starting the tracking system April 24). 10 of the positions are more profitable due to covered calls. We have been selling “in the money” or “at the money” calls which increase downside protection….but hurt performance if the stock prices run up (which they have). We anticipate higher volatility until the outcome of the Presidential election is finalized and a President is sworn in. If Trump loses and contests the results who knows what market volatility be.