February is coming to a close and we have 17 boats at the start of the long race! Come on in! Check our website for the current start list.

To give you something to play for this year, I’m announcing a two-round lottery again. I just sold a put option on the TLT ETF, expiration May 17, strike price 90. This means that if the TLT price is below 90 at the end of May 17, the first round of the lottery has failed and the game is over. If it’s above 90, the $120 premium goes into the post-race draw. For info, the current TLT price is 93.30, the probability of winning the first round is now 72%. Keep your fingers crossed (may it work out) and keep practicing (may you finish)! And maybe I’ll throw something more into the lottery, let’s see what Mr. Market offers.