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Is the broker MF Global mabye?

Yeh, that's part of the risk of selling naked puts.

IMHO there are some advantages of selling naked puts versus buying the stock outright, but there is some notable disadvantages as well. 1. IV explosion. If there is ex Oct 87 crash etc & volatility goes to the roof, your loss on 1 naked put could be much greater then owning 100 of the...

Can you explain in more detail what you are saying with some examples?

Did some backtesting, you are right. Too complicated & no big advanatge.

What's if its volatile market? Volatility helps when it comes to lower your average cost.

I'm thinking about somthing new. Spend $5,000 every month buying SPY 150 Leap calls that expire 2014. When SPY will be high, $5000 would buy less calls. When SPY will be low a lot more calls will be purchased reducing my average dramatically. At any point once the value of the calls is more...

Good for you. You might want to have him cancel your subscription to elite trader as well.

1 assistant is enogh for me.

The standart way is to trade ane monitor yourself. It was just a new idea that I came up recently to be out of that part.

I have been spending too much time watching my account value hourly, checking each position, trying to squeeze a few more ¢ when doing a trade. I have tried somthing new this week, I am not doing any trade myself & I am not loging in to my account. I am telling my asistant in the begining of...

Recap, sure. The stock fell with a net -.54 (.36 AH), while the option fell by fell by -.70. Going forward since the stock fell, I am considering substituting the stock with an even deeper ITM option that would have minimal time premium.

Exercised my 25 calls today. The December call is trading for a .40 premium, will see Wednesday if will get called on the December.

The diffrence is if stock falls lower then 25, with Jan I have more time for a rebound vs. december. Shoud there be a big diffrence in premium I would probably buy december as you said.

hold the call till teusday, exercise, sell stock on wensday. If dec call was not exercised buy back Jan call, hold call untill dec, get exercised in december. If agnce goes to $15 from now till dec, my loss is $2-$3 vs. $13 if I own the stock, for that I pay a little more comission. Clear enough?

Don't want to hold the position itself, but I will gladly pay the extere 20-30¢ for comissions & spread to have only a 'fraction' of the risk

From all of your questions it seems you can use some learning on 'option and dividend' and how they relate.

If I keep holding the call and not exercise, I would be loosing out because, I will not receive any dividend, stock will go down, and my call strike stays the same.

Or if I don't have the cash, I could just sell the call the day before dividen & buy back the call the next day for reduced price. Also I don't need to have a view that the stock will rally, if the stock goes down to 28, I would still make money by keep selling the 29 calls.

Don't see a lot of risk here besides the 1 day I will own the stock. Yes, I pay for bid/ask, but so what. As long as my risk is limited I'm happy with 20% return.