william the wie
Gold Member
- Nov 18, 2009
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Every year I check Yahoo for non-financial issues with Betas > 0.2, reasonably active options, prices $20-50/sh and then in August I go through the 200 day+ ETF betas> 0.5 found in that month's issue of "AAII Journal". I generally make about 4% net returns on covered puts minus transaction fees and my Black/White swan index straddles hedge.
Here's the strange thing. My wife has been bugging me to get a broker with an office near enough that she can just run over and check tax issues on my account. So, when I went over to one of the discount brokers with a nearby office I found out that practically the whole world knew about the strategy I use and virtually no one uses it. Why is that?
Here's the strange thing. My wife has been bugging me to get a broker with an office near enough that she can just run over and check tax issues on my account. So, when I went over to one of the discount brokers with a nearby office I found out that practically the whole world knew about the strategy I use and virtually no one uses it. Why is that?