Stephen

I agree just amazing. Kim is your portfolio this uncomplicated/simple? I wonder how this portfolio will perform in a rising interest rate environment?

Thanks for the breakdown Yowster

I don't know anything about this case but after reading your post, it is obvious that if it was "His" net worth he wouldn't of taken such an insane position.

Have to love the liquidity...

I think this article is appropriate for the above article. Separating Skill from Luck--- http://www.covenantcap.com/articles/id/80 Cheers

Interesting trade but do not you find that after a short spike it reverts quickly back?

Has anybody used OptionVue7? Anybody have knowledge of the Pros and Cons between ONE and OptionVu7. Thanks.

I was just going to post our 5-6% profit per trade.

Kim can we still get a discount through steady options using ONE software? Thanks

What I find shocking is that with all the so called geniuses in the room he would be so exposed with those naked Puts!

Volley, Are you always using the front week weeklies? (IE: Nov 15 this week) Thanks.

I think this is a good article for people in the "Anchor trade" section of which I am not so had to post in the general board. http://seekingalpha.com/article/1648962-the-risk-on-risk-off-trade-just-died?source=intbrokers_regular Steve

Typically but not always interest rates perceived to going up gold down, less printing gold down.

Hey Maxtodorov how does that work out with your trade of 5 BOT and 4 SLD when I thought this trade is looking for a 75% ratio sold. Thanks

Maxtodorov correct if I am wrong but GLD would have to be above 126 for you too collect/ keep most of the 1.54.

Similar but you have equal amount of longs and shorts?

Brutal........

Thanks for the article Kim. Just a reminder that commission costs take a very large portion of your profits.

Working now just was not getting data to the option chains. Thanks

On my IB option chain VIX I am only getting last price of 13.79- No bid or ask. Is something wrong. Thanks if anybody can respond.

Thanks Kim, Marco and Corto really great open honest information. That is why I am sticking with this systems for at least another year so see if I can match the performance. All best to everyone for 2013.

Thanks for the trade Marco!

Looking forward to part 2.

Thanks for answering my question Chris.

Chris- with this type of synthetic covered call trade and if you are very comfortable with the 600 price point does it not give you a fair amount of space to keep rolling the weeklies over as long as the shorts are always above your 600 strike? Or is there a point in the trade where rolling does not make mathematical sense any more and should just close out the trade? I guess I am interested at what price points in the trade would you close out the trade?