apr 24 news

Hey everyone

Another deposit was made to the covered call account. The project is still looking to start with July options with a slight possibility of June options being available to trade. It is looking like June 5th will be the absolute earliest time that the program will start.

It is nice to know that there is a light at the end of this tunnel in the next two to three months. When the account was started three months ago, I didn't realize how long six months felt after knowing what I want to do. But I realized that the risk level of the strategy dictated that enough capital has to be there to ensure profits from the trading. It also provided an opportunity to test out the strategy. By waiting until the capital levels are correct, the level of risk in the account has been eliminated.

Covered Call Account

Currently I am funding covered call account. The strategy provides a consistent income on a monthly basis. This strategy will provide a step level type income as the more options we will be able to sell, the more income we will be able to produce. The expectation is that the revenue curve will be shaped in an exponential curve. I will be able to implement the strategy in about 10 weeks. I am looking to the July options as a start to the account.

Keep you posted!