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Thank you swingtrader! Hmm, I'll have to experiment with a stop loss and long puts to see which one I favor more. Just a question or two. When I sell these puts (Etrade and Vanguard) I must have the cash to cover the puts if I am assigned. If I set up a spread, I no longer have to have the cash...

Hi! For a brief point in time, I was into watches too. It started one day when I took a new Swiss Army watch to a jeweler to take a few links out of the band. As he worked on it, I flipped through a watch magazine that was sitting nearby. I commented that I had no idea there were so many watch...

Thank you all for taking the time to write. zbzb, I assume you mean to sell calls against the shares that I am assigned, yes? bdennis, I'm not sure I understand when you say to set a stop order using shares as a hedge. iys78, ah yes, I read an online article on this topic where the author...

Hello all, Last year I started selling cash secured puts and I've been surprisingly successful/lucky at it. However, the last two months I've had to buy some of these puts back at a loss as the underlying(s) had dropped below my break even point before expiration. So, I've been looking for some...

I was lucky enough to buy shares and calls when IMMU was trading around $20. I took profit Monday with my earliest expiring calls, which were November. I still have calls expiring Jan '21 and '22. At this point I'm unsure if I should just unload them or hold until the BO closes. I called my one...

Thank you Luckyfnlou, that was super cool of you to provide those charts! Yeah, I'm really into trying my hand with options. I don't necessarily mind losing some $ here and there, as long as I can learn from it, then it's worth my time and effort. That's why I started this thread, I like the...

Hey Ironchef, thanks for stopping by. These are all cash secured, and agreed, lots of randomness to be expected. Perhaps I'm imagining this, but a majority of the replies here seem to have a negative vibe to them.

I forgot, I also sold two ZYNE puts at the same time. However, the sp dropped 50% like two days later putting the sp well below my strike, so I bought them back for an $80 loss, oh well. Furthermore, Initially I sold two AUL puts, but bought one back yesterday morning for a $65 loss because it...

Thank you for the continued replies and advice. Cvds16, I am insure, you say you blew up big, is that positive or negative? Do you no longer sell puts? I'm attracted to this strategy as I only have to be correct in one aspect, I just need the sp to stay above the strike as the exp date...

Thank you for taking the time to write! I've never heard of this wheel you speak of, but I will look into it later today. BlacknBlue, thank you for the insight, lately I've been writing way out of the money puts, but the premiums are nice, probably due to the volatility of the particular...

More info, I have $30k to utilize and want to avg $150 - $200 each week

Hey Guys, For the last two months I've focused on selling puts as a way to make money in an account that is almost all cash. I've done quite well so far, mainly selling on Mondays or Tuesdays on puts expiring that Friday, but I've also had success on further out expirations, however, currently...

Thank you for your time stepandfetchit and good to see you again ironchef! stepandfetchit, some of the variables and parts of the querie's outcome from your last post is over my head. Mainly though, how would one forecast the IV of a particular security? ironchef, it's funny that what you...

Hi there, Thank you for your reply! To simplify, are you saying you come up with a price target and time frame at which you expect/hope the underlying to rise to, and then buy that strike? For example, if the underlying is currently trading at $20, and you expect it to rise to $30 by the end of...

Hello all, I've been experimenting with a variety of options strategies for about a year now. Up until the market collapsed earlier this year, I was doing okay. Had a couple of big winners but a bunch of small losers. I'm begining to ease back into options with selling puts on stocks that I...

Thank you all for the replies. I agree that it maybe questionable on my part to attempt a fix on this trade, and even though it's a rather small investment, I'm just curious as to what routes I could take in order to reduce my losses. This actually started out as a PINS $26/$32 spread. I just...

Hello, Let's say you own a long call that expires in a month or two and it appears the call will never recover back up the strike or whatever your break even point is. As a way to now limit one's loses, could you not write a call against the losing call using a lower strike? For example, you...

Magic and ironchef, thank you very much for taking the time to write. Options are still new to me, less than a year experience so far. I started with straight calls, then moved to spreads because the author of the options book I subsequently bought (Options as a strategic investment) more or...

Thanks for the quick replies! For more details, I actually own shares of V and felt that the sp would increase nicely between Dec '19 (When I initiated) and June '20, so I opened the aforementioned spread, long the 185 and short the 205, I just didn't think it would increase as quickly as it...

Hello, Just trying to get an opinion or two on a V(isa) spread I have. Maybe a month or so ago I initiated a Jun '20 185/205 spread. V is currently trading near $208, with 5 months to go, I would like to keep the spread alive, but am unsure if it would behoove me to keep the spread as is, roll...