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Hi OptionCoach, I was looking forward to your coaching, I believe many of us on the board were too.... hope you don't let one bad apple ruin chances for others. I am a newbie and really could use the coaching and mentoring from a success trader, hope you decide to continue.

How does the spread protect you from a big gap up or down? Lets say you sold and also bought Puts with the same month expiration. The stock gap down and you are assigned.... the premium from the long puts most likely will not be able to cover the money required to purchase the underlying...

Selling Puts seem to have low risk, since as soon as the trade starts getting away from you, you could close (buy to close) the position before the strike is hit and get out without getting assigned? So, I think I am missing something, when I keep hearing the trade could "blow up"? it seems...

Thanks for the few good postings that I got from my questions, I appreciate your willingness to help and will look into the different areas/strategies suggested. If you have nothing constructive to say, please DO NOT reply to my posting, save yourself the time and do something useful instead.

wow! thanks for the replies. I wrote some covered calls before, during the dotcom era, made very little premium and lost the shares since it got "exercised". I now paper trade on CBOE, sold puts and did a vertical spread.... interesting.... I know you can get wiped out, I never truly...

I have $50K in savings and want to use this money to generate a consistent monthly income with low risk. I started reading about various options strategies and am thinking perhaps selling puts would be the best strategy. Would anyone mind sharing what has been the most profitable and...

Can you tell us what product you are using with TOS to do WELL with trading options? I am a newbie and don't mind to be feed FISH right now.....

I have about $50K in savings now just earning 3% interest. I started reading options trading book and realized I might be able to earn a higher return with low risk using hedging or various advanced options strategies. What strategies are best if I want to utilize this money to generate a...