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Figures are time-weighted and deposit-neutral: the timeline breaks at every capital flow, so a deposit never reads as return. Options premium and share positions are measured separately, since blending a high-frequency income stream with lower-frequency directional moves would misstate both. Sizing Every trade carries its share of the book, measured against the account value at the start of that week. Weighted return is the trade’s return times that share, which is what the trade contributed to the book rather than what it returned on its own capital. A 25% gain on 2% of the book is not a 25% week. Core strategy Selling options produces small, frequent yields on secured capital. Disciplined equity exposure produces larger, less frequent moves. Deploying both in tandem produces balanced, less correlated returns, and reporting them separately keeps each honest. Win rate definition A win is a realized gain: a share sold higher, or an option where the full premium is captured or the position is bought back at a gain. The premiums are small and the wins are frequent, the opposite shape from buying options or trading spreads, where most positions expire and a few outsized winners carry the book. The win rate describes the structure of the trade, not an ability to call direction. Assignment Assignment is a change of basis, not a loss, and a statistically unlikely one. It happens only at or below prices we have predetermined to be fundamentally and technically attractive. Cash becomes shares at the strike less the premium already collected, and the position then closes on its own terms as a share trade. What is counted The headline is closed positions only, matching the ledger below, so the two agree. Positions still open are excluded and will appear when they close.
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