Trader of the Month – March 2021

Well, here we are – another month and another success story!  March was a flat month with the market opening and closing within a few points – but with the right strategy, boy, was it profitable!

This is a terrific nomination as it demonstrates a great blend of our core Cashflow On Demand strategy along with an example of some of the more advanced approaches, in this case, a credit spread.

This gentleman has been on board with us for just under a year.

He has been trading well and in December enrolled in our Advanced Options Program, stretching his knowledge and more importantly continuing to build his momentum. Three trades in March where he banked 4.28% and 5.02% on his Covered Calls, using Cashflow On Demand, as well as a monster 35.3% return on risk using a credit spread.

These are fantastic returns when you consider that the market was flat through March and show pure strategy value add. Please join me in congratulating Reuben Greger as our Trader of The Month March 2021 – great profits banked in a flat market – and that is why we teach the strategies we do!

Great trading buddy and many congratulations


Date: 24 April 2021 at 10:37:19 am AEST
To: Mitchell Olarenshaw

Hey Mitch,

Thanks for this, great news! Really appreciate your effort and the way you follow through with support! Lips are sealed, Cheers mate.

I’ve attached the MTM for March and summarise below the trades that closed out in March:

BLD – covered call
Entry 25/1 Buy 2000 shares @ $5.04
27/1 Sell $5.25 21 Feb strike for $0.085 premium
28/1 Buy $4.40 15 Apr striker for $0.145 cost
25/2 Sell $5.25 18 Mar strike for $0.115 premium
Expired in money on 18 Mar (Put expired worthless) net net 4.28% gain, 52 days in market

HVN – covered call
Entry 1/3 Buy 1400 shares @ $5.301/3 Sell $5.50 15 Apr strike for $0.085 premium
Exercised early before ex-div on 31/3 – 5.02% profit, 30 days in market

TXN – Bull Put 160/172.50 max risk $1250
Entry 24/2 Buy 1 x $160 16 Apr Put for $2.86
24/2 Sell $172.50 5 Mar Put for $2.80
5/3 Buy back $172.50 5 Mar Put for $2.30
6/3 Sell $172.50 12 Mar Put for $5.85 – expired worthless
13/3/ Sell $160 16 Apr Put for $2.17
net net 35.28% profit on max risk of $1250; 17 days in market

I think these are the only trades that closed out during the month. Obviously plenty of other’s running and ABBV closed out 1 Apr, …

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