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Thanks Loufah and Octafish - your replies helped. With DNA barely moving up on such a widespread up day today I was moving in the direction y'all helped point me. Any other biotech companies you recommend that could replace this holding for me? ___________...

No, I'm long in my IRA. I was doing fine writing covered calls, but I'm not sitting on a profit any more with this latest dip and the premiums aren't there to make it worth holding if I can't justify it after expirations this week. I was asking a legit question. Curious if others have...

Can anyone explain to me why DNA can't find support? I know the chart is ugly, but are the fundamentals worse than I'm catching on to? Should I give it up and move to AMGN? ________________________ note: edit out url.

Kind of relevant... My May 70 call for PCU was assigned to me today, 4.5 trading days before expiration. I sold it (covered) on 3/20 at the money and it was assigned today, 5/14, when it was $17.50 ITM. This happens to me sometimes in the week of expiration for those calls I have that are...

I agree with the way you wrote the rest of this reply except for the math at the end. $10k in an account, 10% for each trade = $1k per trade 4 wins = +$4,000 6 losses = -$2,400 4000-2400 = +$1600 1600/10,000 = 16%, not 160%. Then again, you can do that over and over throughout a year...

I see your point. I agree that indexes almost never take massive leaps up, but individual stocks do gap up and can put a hurting a call seller just as they can gap down and hurt a put seller. I personally like to sell puts because I've only had one company(Actrade, ACTRQ) in seven years go...

Any thoughts on Hain Celestial Group Inc (HAIN) It's off it's highs now and seems to be hitting (or about to) hit it's trend line of higher lows. Does anyone have some thoughts on it they can share? ______________ http://mytradersjournal.com/stock-options/

I don't think there's one single good resource. I liked Bernie Schaeffer's Option Advisor as a good book I read a while ago. There are so many different strategies and theories to learn I think you just have to start reading everything from books to forums and sites like...

[/B] I'm far from doing this for a living. I didn't mean to imply differently. I need more than 5 times what I have invested now before I could consider it and more than that really to weather the down times you are correct about enduring with this strategy. Exactly. This strategy isn't...

Thanks for the feedback. I'll be more careful with my wording next time. Would it have been better as a question? I didn't mean it as a suggested trade for others as much as one to watch for newer traders and one to give feedback on for more experienced traders. Speaking of which, as an...

For option sellers, check the volatility on CROX. It's up pretty high for the June 65 and 70 strikes. I think CROX will drop a little more before finding support making the puts worth consideration. The downside isn't too bad with the fundamentals catching up and the chart pointing to around...

To me, the short answer to your high risk/high reward question is to sell puts AND sell calls. Learn the risks before you jump in. I sell naked puts, but not calls unless they are covered. There are tons of strategies to try from strangles to straddles, but KISS. By just writing puts I do...

That's exactly right - the beauty (or pain for the other side) of options is leverage. Taking a little money and turning into a lot. Keep in mind that RTP is up 11% today. That's good even without options. Think of options gains in %, not just in $ and you'll see the benefits and risks...

If you are trying to reduce your risk, I think you need to take the time to consider time horizon. Over extended periods of time stocks will beat treasuries. The risk in treasuries is that you miss out on possible gains you could have made in stocks. That's similar to not selling puts...

I see lower highs and higher lows. When will it break and in which direction? It's down today and looks like it is sitting on it's upward trend line of higher lows. I have 300 shares and 3 covered calls for May 27.50.

Thanks, I'm in on AAPL and RVBD and will look at BIDU again, it's been a while.

The way I draw the ATI chart I could see it bounce back up to 120 before some profit taking again. The fundamentals don't piss me off either... Anyone want to throw their 2 cents on that?

What am I missing on FSLR? It's up big on good earnings, but the OTM puts are still selling at a high premium. Is there a reason to suspect that it's still going to tank in the near-term?

I have a limit in to sell a CELG 55 put, but now I'm doubting it's a good move. The chart shows me potential support around 55 or if it breaks that down to 52.50-53.00. I haven't been watching it long - does anyone have suggestions on how last night's earnings will play out. It's down in...

All I do (I trade part-time) is sell naked puts and then write covered calls if assigned. I always try to get the time value to make it more profitable, but selling ITM with no time value can have a benefit. Going this route gives you a better % return if the trade works and it takes no money...