1 Year of Options Trading Update – Absolute Disaster

My Quest to beat the marketAlmost 1 year ago I made a post about starting my own hedge fund.  It was slightly tongue in cheek; trading $20k in your Roth IRA is obviously not a hedge fun but I thought it would be interesting to learn something new (trading options) and see how my results compared to the market.So without further ado, here’s the graph showing my disastrous results.Yep that’s right, I under-performed the market […]

Continue Reading

Real World Options Example: How Mark Cuban Used Options to Survive the Dotcom Crash

The Genius Options Trade that Saved Mark Cuban Billions of Dollars If you’ve ever watched Shark Tank you’ve probably heard the intro to the show introduce the “billionaire investors” including Mark Cuban.  But not many people know how Cuban made those billions or how he employed a genius options strategy to prevent his billions from turning into nothing during the dotcom crash at the end of the 90’s. In this post I’ll break down Cuban’s […]

Continue Reading

AFI Hedge Fund Update #3: Slow Recovery and Lessons Learned

passive income side hustle reports

Better but Still Underperforming the S&P Early in 2017 I decided I was going to take $10k from my Roth IRA in Vanguard and use it to trade options.  I’ve always had an itch for making speculative investments and I’ve wanted to try options trading for a long time. After basically breaking even with $10k I decided to move over another $10k as well as $3k that was in my wife’s Roth IRA.  I probably […]

Continue Reading

AFI Hedge Fund Update #2: 3 Months In

Results After 3 Months My experiment in options trading started a long time ago, about 1 year ago.  After months of learning and making mistakes, I didn’t have a good grasp on my results other than they weren’t great. Starting on March 3rd of this year I began recording my account balance every morning the market opened.  This way I could track my account balance in my Roth IRA and my wife’s IRA, both of […]

Continue Reading

The Best Brokerage of 2017: TastyWorks

What to Look for in a Broker There are a ton of brokerages out there, you’ve probably seen ads on TV with a talking baby or an old person who looks so happy to be paying $7.95 per trade. The truth is that any brokerage that spends a ton of money advertising on TV has to be making up for that with what they charge you in commissions.  The less money your brokerage wastes, the lower […]

Continue Reading

AFI Hedge Fund Update: Making Some Money

kraft heinz 52 week graph

FB Stays Put and KHC Vertical Call Spread In my last post, I detailed my iron condor I sold on Facebook ($FB).  As long as Facebook traded in the range of $110 to $125, I would make $94.  Facebook has basically been hanging out around $115 and the call side of my iron condor that I originally sold dropped in value to $14 so I closed that half of my position out.  What I have […]

Continue Reading