Looking backward to chart forward – like rowing a boat backward to move forward.
|1. Testing of TPR strategy does not work as plan but learned that if it hit 0% or 100% it can push the LR to higher or lower, can take advantage of such movement and sell with trend|
|2. Buy option is 50-50 chance and need to limit the cost of not less than $100 and two longer time duration|
|3. CK Swing or breakout trade testing ended in losses as I cut loss too early most of the stock ended up XOOM, ZIXI|
|4. The sell option strategy is still the main income earner|
|5. The buy strategy ended in major losses, still have not perfected it yet like VGK, EUFN, EWQ and EWG|
|6. Option contract getting larget and larget due to testing of many strategies, In month of May is the most option buy and sold in a single day (no planning or portfolio sizing as still testing new concepts without considering the entry timing, still testing many new strategies and concept using live account)|
|7. Conclude that Sell OTM option strategy is still the key to passive income|
For this month option play, I chose ; GPRO, HLF, BIG, ESI, EZPW, JCP
Likely the market will open bullish on Monday and will start to sell call for those existing holding. I will monitor YINN and RUSL for stronger indicative movement else will skip.
Intention to sell away more stocks to free up for cash for the next opportunity.
20 Jan 2015: Total over 130+ contracts this month and 5 assignment. Overall, the results is good but the option for futures wipe out my 3 months profit that is not so good. Option for futures is high risk and double leverage so must use with care.
For my this month option, the tickers are; VIX, CDNS, ESI, RUSL, BKE, HLF and NQ.