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That's good advice, BCE. One must always be aware of the risks of a position they establish. Just think about all those "investors" that buy a stock and tuck it away. The market and the stock go down and they are like a deer in the headlights, frozen. How many went down with the market...

*Chuckles* Sounds like you want something for nothing, Walther. Do your study and homework. The answers are out there. Think outside the box. I have not found the answers in any book though I have studied many.

I try to remain market neutral, but at times, it is hard not to have a bias, either in a particular symbol or in the market. I do follow current, intermediate and long term trends using simple moving averages and trendlines, both on symbols and the broad market indexes. Sometimes I take a...

Maverick, I have no desire to continue to do "battle" with you over this matter. You are obviously convinced you are correct and I am willing to leave it at that, in that you are so closed minded. While there may be no "secrets" in options, there are many permutations of using all that is...

That is the range of annual returns for the last 6 years on my total trading account values which includes all margins required as well as reserves sufficient for protecting my portfolio. Last year, my total return on all accounts for the year was 268%. My best year was a little over 300%...

maverick, My point in referencing the success I have had was merely to demonstrate what can be done, not bragging. Actually, one can do even better if they want to trade more intensively. As I have said before, I am not here to teach anyone anything. By posting my trades, I would be...

Maverick, I guess the above quote is just another example of you not doing your homework before you start slinging around your knowledge. Had you looked at my profile, you would see that I joined on November 2, not 3 days ago. The rate at which I have posted falls far short of many others...

You are correct in that one leg does not "fully" hedge the other, but it does partially hedge it. When I first posted on this subject, I had no idea that it would invite such acrimony and inaccurate summarizations of what I have said here and in other threads. As I have said, I am not here...

Maverick, First of all, I'm not your "buddy", however I don't think you meant it in a friendly sense. You obviously think you know all there is to know about selling naked options to earn the premium, and since I am not here to teach anyone anything, I'll let you continue thinking you are...

Sorry, BCE, you and Maverick are both wrong. You are not really thinking this through. BTW, I read your story and enjoyed it thoroughly. It was a classic example of a trader not using good judgement by putting on a very risky position that could and did threaten his entire financial net...

Maverick, you are obviously quite biased and ill-informed as to the profitable trading of options and the many ways to safely make money doing so while making your portfolio bullet-proof. I can only tell you that I have been doing this for quite a few years very successfully and always...

Quite right, metooxx, it's not that simple, however that is the start and where one goes from there is according to their methods and plan. Good luck trading to all, Bob on Whidbey Island "Don't confuse effort with results"

True, but there are ways to eliminate the risks, thereby making writing options one of the safest and most profitable ways to make a consistent profit in the markets. One just has to think outside the box. Good luck trading to all, Bob on Whidbey Island "Don't confuse effort with...

If the bias is up, the calls will have more premium, and if the bias is down, the puts will have more premium. Good luck trading to all, Bob on Whidbey Island "Don't confuse effort with results"

Actually, writing options as a part of a good market neutral strategy is a good plan. There are various ways to limit or eliminate your expoxure to losses. Good luck trading to all, Bob on Whidbey Island "Don't confuse efforts with results."

If you think outside the box and trade properly, there is no risk to writing naked puts. Good luck trading to all, Bob on Whidbey Island "Don't confuse effort with results."

You need to think outside the box, Maverick. Much money is made selling naked options, calls as well as puts. I know, I do it for a living and make between 200% and 300% on my portfolio year after year. My portfolio is balanced and will survive anything. Good luck trading to all, Bob on...

I agree with metooxx, there is no pat answer. However, having said that, I find that the fastest time decay usually occurs towards the end of the option's life. Good luck trading, Bob on Whidbey Island "Don't confuse effort with results."

I prefer to put on a short straddle at the money. That way, one hedges the other. Otherwise, you either give up too much time premium or give away too much ITM. Good luck trading, Bob on whidbey Island "Don't confuse effort with results"

Not true, nitro. Think outside the box. Good luck trading to all, Bob on Whidbey Island "Don't confuse effort with results."