On March 6th I posted about returning to an old hobby: selling covered calls. SJM closed above my strike price of $120, and thus my shares were called away over the weekend. Accordingly, my profit was reduced to $644. That’s a return of 1.3% in about a week and a half for an annualized return of 34.7%, assuming I am able to rinse and repeat. Stay tuned.
With Love,
P. Gustav Mueller, author of The Present