Recent content by syd697

May CL futures just ticked $.01 per barrel...

All I can say is WOW!!! Front month crude futures (May) ticking down to $1.03/bbl on the most recent print. Insane! Next month June futures hitting $21.75/bbl. Even being a former NYMEX guy, I'm pretty speechless. Just watching for now.

You're right donnap, it was the June expiration. This is one of those "holy crap" trades, where you can't even believe that the strike exists. If crude fell to $1.50/bbl, the world would end anyway, so...:p

Hello ET'ers: Been awhile since I've posted/lurked. Hope everyone is doing well and staying healthy. Crazy times in these markets. Being a former NYMEX guy, I see the May crude oil $1.50 strike put options are bid 2 ticks. That's $20 per contract. Expires in 48 days. Willing to shell...

Hi ORATS, thanks for the follow-up. We don't use a model or automated software to make these trades, so there is no set parameters. I manually find and research every trade, and each has its own unique features. I'm just not sure your results accurately reflects what we do, or have done...

Hi ORATS, I appreciate the look at our track record, but I'm not sure what your spreadsheet is signifying? Maybe elaborate? Thanks.

Hi all, just checking back in after a few years. Still going strong on the put-selling. Public track record can be seen here. Open to all questions, comments, etc.

Hilcrest_trader, the other posters are spot on - most of the time the ITM option won't be exercised early unless it's very deep ITM and there's no time premium left. A little tip to help you - if the opposing option of the same strike is worth a nickel or less, then you're at high risk of being...

MUNGO, the other respondents are correct - selling options does not entail paying margin interest. You will have a "margin requirement" while the short position is active. A margin requirement is just a portion of your free cash that is held aside (like collateral) while the trade is ongoing...

Hi all, Definitely an exciting time once BTC options are easily and widely available. Hoping the CME launch will be a big hit. Right now I currently watch at Deribit or LedgerX.

Selling puts on high-quality blue chips is a slow & steady money maker. It has worked for me for many, many years and works for our service too. Sure, we can have a market meltdown like 2008-2009, but look where we are now. Stocks rebound. You'll be able to buy great stocks at cheap prices...

Sorry, forgot to mention my previous track record (Instant Money Trader) is now on my site. Go here. My put-selling method is very, very conservative. Steady singles all the time. It is not a get-rich-quick system. It is slow and boring and good for adding income to your bottom-line.

Hello MrScalper, smartoptionseller.com just launched in January '17. My previous newsletter - The Instant Money Trader - was with wallstreetdaily.com and ran from November 2008 - July 2016. Hoping to put that 8-year track record (95% win rate) on my current website soon.

Good thread. I've been on/off this site for many years and have found it to be one of the best for traders. I'm a long-time stock & commodities guy and chime in on occasion. See some of my previous posts. I love selling puts and been doing it successfully for 26 years, but of course you need...