I don't want to jack our friends post here but for many years I was day trading privately. Also, I'd have long positions as well, my anchors if you will, typically in low PE high dividend fortune 500s where I'd start by selling puts on shares I ultimately wanted, then write covered calls 6-9 months out. Companies like Avon Products, Westinghouse & Phillip Morris now Altria used to pay an 8-10% dividend. When you add in the options income it came out to approx. 26-28% annual return. I got too busy with my business and handed the reigns over to Ameriprise shortly after the tech bubble burst.
Very sorry for rolling off topic but didn't want to ignore our colleague's question.