Smooth Sailing With Options

At the end of the year I like to look at how everyone is doing.  So I just went over a friend’s account who has mirrored my trades.  I traded pretty conservatively this year, timing my trades, waiting when I have to, and since I’ve been underwater all year, selling at around 85% POS.  As you can see from the screenshot, IWM, over the last calendar year, is down 14%.  The account is up 4%.  So by selling options the account made 18% return, overall.  Without selling options the account balance today would be around $196,987. A pretty significant difference. During one of the worst market years in recent times. I remain convinced the “SmoothSailing” method works.

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