Sold 4 more contracts on XHB. Sold December $23 strikes for $1.50 to rake in about $600. This represents 7% return in 131 days till December expiry. I executed this trade because this now brings up my total return on XHB to 24% as the previous trade brought me up to 18 pct. My goal is to make at least 2% per month and I’ve now achieved this goal. I’ll just hold on to XHB till December. If XHB drops, I’ll buy back the calls cheap, if XHB rockets up then I’m happy with 24% return for the year on this ETF.
So far, XHB has netted me 24% return for the year.
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