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This alternating way of selling puts and cc's will not work, you wont get more than fractions when a stock plummets if you want to keep writing at a stocks previous level. (Tried it..) Its better to write options so they just wount be assigned, like 7% drop distance in 2-3 trading days or so...

I is here :)

I think you should sell them now. What is the price you can get now? I dont see "bid" for it, only ask 5 cent. Br Gustaf

He said he started selling 2 years ago though :D

With QQQ at 53.51, volatility of 30.81% and 4 days left there is a 37.23% change of QQQ expiring at 53.00 or less. What is your reasoning with this trade? I think volatility will go down (bad for you value of the put) also.

Better than bid when selling a put for example. I got a fill midpoint - 0.01 yesterday. Thats fine.

Good I encourage everyone to post their real trades and its reasoning here. Thats what the forum is all about.

Is this a real trade now? Wish you good luck. Br Gustaf

This idea has been abandoned. After rescuing my wrecked account (-17%) Iam now +3% since account opening 3 weeks ago. I have deviced a new evil tactic to world domination. :D

Thanks. Actually did a spread today got filled midpoint + tiny bit, and fast. Br Gustaf

Is it possible to get filled better than bid? Anyone that trades SPY weeklys alot? Br

Can you explain abit more? Sure you can sell an OTM put that has low delta and get some money, but it might hit back and dont do it if you cannot accept the risk of getting assigned.

How wide are those spreads usually? Atleast with stock options its easy to get filled midpoint + little bit negative towards your side. Weeklys are tougher.

When I reach home. Br Gustaf

I have 10 option books! Apart from Sheldon and McMillan this would be my favorite: The Mathematics of Options Trading C.B. Reehl C.B. Reehl (Author) The Mathematics of Options Trading shows options traders how to improve their overall trading performance by first understanding and...

Yes by sonoma, I quoted him. Also others implied that. Fun excercise anyways. Btw Eliot, you mentioned beta, where do you fetch them actually? Any site?

"Oh Yes they might!" I cannot imagine a worse timing trying this the last two weeks, that correlation stuff is just bullshit, everyting dropped. :(

Thanks, before the big event last week I was able to find collars for NLY (15% yield) for about 35-40%. Certanly not free but would work I guess, especially with some margin involved to get more % out. (35-40% of the div payout that is)

The puts when dividend are baked in is very expensive I cannot find a Collar where the calls pays much of the put, do you have an example, where to put the strike prices etc. Isnt there also abit of price risk between stock price and the put strike price? Br Gustaf

14.5% x 60% = 8.7% / year, almost twice with margin. 15-16% Br Gustaf