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great post optionscoach. I'm impressed :D I do see why you advocate to not sell the stock & go naked. It''s a completely different strategy; much diff risk as well. And, of course, as you said, I always put an SL to the upside. Making it a collar? Not a bad idea @ all. :D One more...

Just FYI, did end up covering those puts quickly & bought a few extra to scale in my bet. BTW my original post says I sold the 90 puts when I sold the 91 puts. I'm long the 90 puts. Sorry for the confusion. {:confused: } Okay drop bonds! Looking good for that today. :D

well you are w. stocks' possibilty of going down...but recently (with this mega rally since Aug) haven't had that problem! lol. No but taking this seriously you're right. BTW I didn't know you were talking 1-2% RO port I thought we were talking ROI. Point taken. Do you guys have naked...

thanks for the reserved & appropriate rebuttal. Have you traded CCs tho? It's not difficult for me to do 10-15% a month on them. Which, if you compound, is far more than 50% / yr. I go in to CC positions w. big equity too. Unlike long option positions. So the return works out. I...

:confused: definitely have made $ on them for about a yr now why you coming in & attacking me like this? If you don't trust me fine. I don't need it. I still go home w. $ in my pocket over & over on CCs. Just telling you my experience. What I like more than covered calls are LEAP...

pretty much

agreed

sounds cool. yeh today didn't do me good either. I did go ahead & sell the January 07 90 puts to make it a credit spread. Got that all together just before pause time Still thinking I might buy those back in short order for a bit of a discount on my original put position, and go back...

covered calls are the bread & butter don't leave home without them :D

thanks for the input. That's basically how I interpreted today's action. I didn't close the trade. Actually thought about pressing it w. some April puts, or possibly a bear call spread. But the action stayed steady & I just went to lunch and let it go. Moved on to other things. I'll...

don't be too quick to the gun. I agree w. you the market is done w. the stair step up that was so easy peasy. But I say we are in indecision. No proof of a top yet. Maybe the Fed's statement tomorrow will give us a feel for the longer term picture.

ok & TLT rallied today :eek: Sucks but I'm holding for more downside. What happned to you guys today?

Just on Friday, I bought some puts on the TLT. January 07 90 puts. I want to add some more time to my position, and something more OTM. Will scale it into the trade.

Thanks bigbrent. I've looked at some local branches, but the ones in Cincinnati--namely, Morgan Stanley & Merrill--are little more than financial advising shops. I am looking to be out on the front lines per se, trading @ the turrets. But, of course, whether I can get there--well we'll just...

I am in my 2nd yr of school at the less than prestigous Univ. of Cincinnati. Altho in my 2nd yr, I'm technically a Jr. I'll be graduating in 3 yrs total, thanks to some AP classes & a little overtime. So this will be my penultimate yr. I've been trading for about a year now; not futes...