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I agree with Mark. Writing either a Put or Call simply means Selling to Open. Besides, I hope this thread doesn't get bogged down in a semantics discussion. 4Q

Dagnyt, the elaboration would lie in the continuous adjustment modus operandi. 4Q

Noob and Dagnyt: Thank you both for very good and accurate replies. 1) Noob: If the stock goes up, the short put profits, but not as much as the short position on the stock looses. With QQQQ, if the stock goes up a dollar, I roll up the short puts. 2) Dagnyt: No question that you're...

Anyone into Covered Put Writing? (Short the stock; Short a Put) I love it. 4Q (my favorite stock for this strategy - QQQQ)

Spindro, could you explain a little further what you mean by "trading in pairs"? Thanks, 4Q

I have thought about this for a long time. Frankly, I don't see any reason to make the mark to market election. Main advantage would be the ability to deduct unrealized losses at December 31. However, there are two things which offset this advantage: 1) Your ability to deduct Schedule D...

Runningman, to be honest, I haven't looked. Haven't had the need to. Happy New Year. 4Q

Yes. I subscribe to Optionetics' Platinum and that information is available with my online subscription.

Fair enough, Spin. Have a Happy New Year. 4Q

Just to clarify...when you guys use the term "lower cost basis", you are not talking about your US income tax basis in the stock. Tax wise, let's say you buy 100 shares of Underlying (UND) for $20 per share. You also write 1 call against the stock and receive a premium of $2. If the stock...

Anyone, besides me, do a lot of "covered put" writing? (A covered put is shorting the stock and writing a put against it. ) Yes, I am aware that a covered put write is a synthetic naked call write. Accordingly, I limit my risk with a "safety net" called an out of the money long call...

Sumosam, that was probably me. I posted there under the handle "Borankin". Regarding your comment about "high risk", all I can say is that I was just trying to be helpful and never sought any personal gain. I have accepted Optionetics' decision to "pull the plug", and I have moved on. As...

What the hell is a Nigerian scam? 4Q

Over a period of 10 years I had posted close to 7,000 entries on Optionetics Discussion Boards. However, in August they advised me that they were revoking my posting privilege because one of their instructors disagreed with the technical content of some of my postings. In other words, he...

I'm not a synthetics guru by any standard. However, last time I looked, long a call and short a put at the same strike price was synthetic to 1 long share. 4Q

DMO's answer is rock solid. Great job. 4Q

As options traders we have the ability to profit in any kind of market. Let's start a thread of various strategies that work will in times like this. I'll start the ball rolling with... Bear Put Spreads...Current Month...Look for stocks with unusually high IV...Long side $10 higher...

Mad Cow...not to worry. My experience has been that over the expiration weekend, most brokers have everything set up and posted by at least 6pm Eastern time Sunday.

JSHINV, thank you for your comments. I very much appreciate your expression of concern. Last thing I want to do is influance anyone into a trading or investment decision. This strategy is what I do and what has worked very well for me. I felt like sharing and providing some details for...

Dagny, this strategy doesn't require a bear market in order to work...although it certainly does help. It works very well in a sideways market also, Mark, you're right about no strategy working forever. But none of us live forever either. I'm 70 and enjoying good health. This financial...