best options strategies for advanced beginners

Hows your return relative to buy and hold .I'm assuming you are not short puts in a size thst exceeds your notional??



Haywood said:
Instead of always implying that selling cash-secured puts and covered calls is a fool's game, why don't you tell me how to do it? I have a significant cash account that's been successfully traded for the last 3 years using CSP and CC., but learning a better way is desirable. My trades are 95% short-term (one to two-week expirations) small premiums, but it adds up on a decent amount of money. The naked puts do concern me. That is why I trade about 10 major companies with many years of history. The likelihood of a major portion going to zero is small. I'm always interested in learning a better way.

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taowave said:
Hows your return relative to buy and hold .I'm assuming you are not short puts in a size thst exceeds your notional??
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Like I said, I'm learning slowly and taking baby steps. I will show my ignorance and say that I don't know what you mean by put size exceeding my notional. If you mean exceeding my means, the answer is no. Or if you refer to margin, it's a cash account. I have about 61% of my account in longer-term holds, which average in excess of 5% in dividends, about 11% in uninvested cash, and 28% in short-term treasuries(less than 30-day maturities). As to how my return is relative to buy and hold, I can't answer that, but since April 2020, I'm up about 165%, and I appear to be on track to grow at around 15 to 20% a year. It's not exactly spectacular, but some might say that's not too bad for someone who knew nothing about the stock market 3 1/2 years ago. Anyway, I want to find ways to do better. Thanks for any help you would care to offer.
 
Haywood said:
Like I said, I'm learning slowly and taking baby steps. I will show my ignorance and say that I don't know what you mean by put size exceeding my notional. If you mean exceeding my means, the answer is no. Or if you refer to margin, it's a cash account. I have about 61% of my account in longer-term holds, which average in excess of 5% in dividends, about 11% in uninvested cash, and 28% in short-term treasuries(less than 30-day maturities). As to how my return is relative to buy and hold, I can't answer that, but since April 2020, I'm up about 165%, and I appear to be on track to grow at around 15 to 20% a year. It's not exactly spectacular, but some might say that's not too bad for someone who knew nothing about the stock market 3 1/2 years ago. Anyway, I want to find ways to do better. Thanks for any help you would care to offer.
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Ignore what Taowave is saying. if you are up 165% over 4 years and tracking 20%/year on that asset allocation then your returns are unbelievably excellent.
 
Haywood said:
Like I said, I'm learning slowly and taking baby steps. I will show my ignorance and say that I don't know what you mean by put size exceeding my notional. If you mean exceeding my means, the answer is no. Or if you refer to margin, it's a cash account. I have about 61% of my account in longer-term holds, which average in excess of 5% in dividends, about 11% in uninvested cash, and 28% in short-term treasuries(less than 30-day maturities). As to how my return is relative to buy and hold, I can't answer that, but since April 2020, I'm up about 165%, and I appear to be on track to grow at around 15 to 20% a year. It's not exactly spectacular, but some might say that's not too bad for someone who knew nothing about the stock market 3 1/2 years ago. Anyway, I want to find ways to do better. Thanks for any help you would care to offer.
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How's your PNL today?
 
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