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If that 3K is important to you, the last thing you want to do is open an options position. ESPECIALLY if you are new to the game. Anything that can make money, can lose money. And the odds of loss in the options market are very high.

There is always fear. It is the nature of the business. You just need to learn how to face it and not let it get in your way.

LOL. Wonderful concept. But if the box held a flat screen, you'd be a little cramped, eh?

Hate to say it, but that statement is in itself an example of why options are (usually) a sucker's bet. Losing some upside is not the worst that can happen. Not by a long shot.

I believe you mean grammar and spelling ARE hilarious. IMHO, if one is going to criticize grammar and spelling, one might want to check one's own grammar. :cool:

You are correct on both points. And if one doesn't completely understand the impact of volatility on options pricing, then one shouldn't be in that market. I suggest as a starting point pick a few stocks and monitor the calls. Watch the value of the calls in relation to the underlying...

Your posts are appreciated.

Worst post ever. Like anyone knows when a downturn is going to turn into a rally, and you're stuck holding an inverse ETF? Impossible to time the market. :confused:

That explains my success this week.

You would do very well to listen to the advice that's been given to you. If you're shorting puts without INDEPTH knowledge of options pricing and your exposure to risk, then you're asking for a very, very expensive lesson.

What they both share is that they are very lame strategies. Limited upside with unlimited downside.

1. No, I don't know of anyone who started with a small capital base and built it into a living wage. I'm certain that there are a few that have, but consider that in any group of 1000 people there will be some that excel at any task. But that doesn't mean the odds favor it. 2. With even...

Absolutely it carries less risk, when you consider all possibilities and the management of the position. The explosion in pricing of short puts can be dramatic and sudden, and spreads will often widen a lot. Anyone who has been short an option when the market and/or stock tanks will...

Your time will come. Sorry to say, but it will. Because at some point in time, this market is going to get wacked, and all those nice little premiums you've been collecting will be going back to Momma. I made very nice money selling puts for a few years. Friends kept warning me, but...

An appraisal isn't usually done until you make an offer and a sales contract is completed. If a seller has a professional appraisal it is unlikely that they will discount a lot from that, because they'll be emotionally involved in it and will use it as a negotiating point. Work with an...

It can, and often does, take months to work out because first, the seller needs to document that they're in deep shit and can't pay their creditors. The documents need to be prepared, submitted and approved by ALL creditors that have an interest in the property. 1st and 2nd mortgages, lien...

You can't get "ahead" of a buyer under contract. But you can put in a backup cash offer in case his doesn't work out. Just be aware of the pitfalls of short sales. Many are listed as short sales, but in fact haven't been approved by the sellers lenders. So you can get tied up in that...

There isn't anything you can do. If you are going to hold positions overnight, then you are exposed to either market or company risk. If your daily schedule permits, look more closely at developing systems that can have you flat at EOD. You can take on more size, have greater risk control...

The lender is writing the mortgage on the property, not on the buyer. Thus a mortgage can't be approved without a property to appraise, and a buyer to evaluate. Many things in that equation can change between final "Approval" and closing to kill the deal. Conditions of the buyer can...

That is absolutely an incorrect statement, as anyone with experience in real estate closings will tell you.