Recent content by Marty L

I agree with Yogi. I usually want the stock for a few dollars less if I trade on expiration day but not always. My rules are 60%+ OTM and -20 delta regardless if its one day or 8 months.

March is the reason I started trading options. From 4/23 to present, I've earned $11,067. so I'm not complaining.

While I've traded stocks for 25+ years, I'm relatively new to options but I've been trying this with success. I use a strategy that some call the "wheel" meaning I sell a put and if it's assigned, I turn around and sell a call option marked up. Recently, I started selling puts with 6 to 8...

I know some people who sell puts and calls and to protect themselves against losses, they will use a spread as their strategy. However, I was just wondering what the general consequences is for putting a stop/loss instead of using spreads when selling either a put of a call option?

I'm investing in Delta right now but also looking at selling a put on Alaskan Airlines as well.

Thanks the the reply.

Sounds interesting but right now, I'm sticking to airline stocks over cruise lines. In my opinion, one is essential and the other is a luxury. Just my thoughts

I started by selling puts on stocks that I would like to own anyway so if someone exercised their option, I now own 100 shares. Then I sold a covered call for about $5.00 OTM to collect more premium. Finally, if that gets called away, I simply sell to open another put somewhere OTM for the...