Recent content by res123

Why is there so much negativity against Tom Sosnoff and his crew. To give a balanced view, I know a lot of retain investors including myself benefit from their educational videos without paying a penny. Even if one does not trade actively, their perspective is certainly not so irrational or so...

I take on board the suggestive criticism, but purely for knowledge base I wonder how others would manage a naked call or the short call of strangle other than closing it outright.

Robert- I understand why you said that. However, I mostly sell naked puts or spreads on stocks that I wish to own and am comfortable taking assignment so I can sell covered calls. I am very conservative on the call side of strangle even try avoiding it. It's been a learning curve, still...

Hi All: I had two naked puts on NFLX. I legged in naked calls for strangle when the stock started tanking to add negative delta. With many days left to expiration, I brought the strike price of Call even further turning it into a straddle at 260 and 280 (total of 2 contracts with different...

Thank you for the informative posts. I just started Lawrence McMillan's book on options, and had marginal success with covered calls. I see the position as a "one unit", I'm trading on margin, and am neutral whether I get assigned. 1. I never held a position till expiration. What happens if...

Hi All: Hoping to be educated on some points. 1. When selling deep ITM covered calls (transacted on margin), isn't it possible in theory for the underlying to be assigned right away. If XYZ is trading at 205, and if you sell a covered call for 195 for 30 days expiration while getting $7 for...

Frankly, the broker tried convincing me to sell the call option instead. The difference was $20 or so. I was already on the phone with them for a while and just lost my nerve. Is it worth hedging Iron Condors? What if the underlying aggressively move upwards going way beyond the long call with...

So I ended up exercising the AAPL call (I only had one contract) which is what was left after the short was assigned. This way, I ended up with with my shares. As I was assigned, I took a substantial paper loss as shares were taken away at 172.50 while AAPL was trading at 188 or thereabouts...

Please explain this: I noticed I now have cash available presumably from the sale of my stock. Did you mean to say buy the stock that I am currently short on meaning use the cash of the sale of my stock to buy back the shares that I am short? I am also left with a long call option on AAPL...

Thanks all for your responses. Some of this is above my head and I will get specific details and see if you can help me out. I owned 51 shares of AAPL. It now shows that I am 49 short. As my owned shares were sold, along with 49 additional shares. AAPL 05/18/2018 172.5/177.5 Call Spread. The...

Hi All- This morning, to my horror, I find a total of 100 shares of AAPL stock is sold short. I never triggered this transaction as I am long/Bullish on AAPL. I noticed that I am only seeing an open long call option, which was supposed to be a credit call spread on AAPL. I owned some shares of...