Once per quarter Mrs. Wizard and I check in on our ROTH accounts and compare them on three metrics: Total Account Value Total Quarterly Return Total Return Whoever wins two out of three metrics wins the quarter. The loser has to clean the fish tank for the next three months. I started out $1,650 behind… Read More Day of Reckoning – ROTH Competition Update
That was quick. Feels like not that long ago I was summarizing April’s results, and here we are another month in. Where does the time go? This bout of volatility that started in February hasn’t completely subsided, but it does feel as though things have quieted down a little bit doesn’t it? Don’t worry. Soon… Read More Month in Review – May 2018
This trade was actually executed on Monday 05/07/18. I didn’t get a chance to write about it until today. Please visit the core philosophies article on my investment thesis process for a deeper explanation of the components of this article. Additionally you might find my rules for trading options helpful in understanding the parameters of the trade. In… Read More Sold Cash Secured Put + Investment Thesis – DSW Inc. (DSW) – $20.00 strike – JUN 15 Expiration
April kind of sucks for the Wizard Family from a cash flow perspective. First of all, the tax bill is due. We always have a tax bill because I’m not in the business of giving the government an interest-free loan. Second the credit card statement comes due where we have to pay for our Warrior’s… Read More Month in Review – April 2018
March Madness? More like Market Madness…amirite? Okay, that was a little lame. But all this volatility sure does make things interesting. It also provides great opportunities for selling options. February was one of my busier derivatives months in a long time, but I managed to keep that momentum through March. I wouldn’t be surprised or… Read More Month in Review – March 2018
This trade was actually executed Tuesday 03/20/18. I didn’t get a chance to write about it until today. Please visit the core philosophies article on my investment thesis process for a deeper explanation of the components of this article. Additionally you might find my rules for trading options helpful in understanding the parameters of the trade. In case… Read More Sold Cash Secured Put + Investment Thesis – Johnson & Johnson (JNJ) – $125.00 strike – April 20 Expiration
Once per quarter Mrs. Wizard and I check in on our ROTH accounts and compare them on three metrics: Total Account Value Total Quarterly Return Total Return Whoever wins two out of three metrics wins the quarter. The loser has to clean the fish tank for the next three months. I started out $1,650 behind… Read More Day of Reckoning – ROTH Competition Update
Although February is the shortest month of the year, it was one of the more interesting we’ve had in a long time thanks to a pickup in market volatility. I’ve been saying for a while that it will be hard to watch the streak of high scores come to an end and sure enough it… Read More Month in Review – February 2018
Update: Distressed P2P Investing Experiment Sometime back, I embarked on an experiment that involved investing in Lending Club notes on the secondary market. My goal was to buy “distressed” P2P loans at a discount that was higher than the default rate. The hope was that I could squeeze a slightly better return than I’ve seen… Read More Update: Distressed P2P Investing Experiment
This trade was actually executed on Tuesday 02/20/18. I didn’t get a chance to write about it until today. Please visit the core philosophies article on my investment thesis process for a deeper explanation of the components of this article. Additionally you might find my rules for trading options helpful in understanding the parameters of the trade. In… Read More Sold Cash Secured Put + Investment Thesis – Cracker Barrel Old Country Store, Inc (CBRL) – $150.00 strike – Mar 16 Expiration
