My Awesome Trading

[Retief]

but the stock is lower

Wrong.

 

[taowave]

So you are put the stock when its above the strike??

Tell me how you get long stock via short OTM puts with the stock higher

Wrong.

 

[sef88]

Trade small for short volatility strategies. Assume the worst.

 

[Coner1980]

Stocks are better to make money but still may be risky if you have no understanding of it.

 

[wmwmw]

This is a new strategy implemented this year. The puts are cash-secured. The worst that can happen is I get stuck with a stock, which is why the puts are sold on fundamentally strong stocks.

If your put is cash secured, your % winning should calculated on your total fund, including fund on put and cash which secure your put .

Also, leveraged ETF such as TQQQ, YTD up 58%,TECL up 67% YTD,UPRO up 74% YTD.
Any inexperienced investor can buy and hold them to outperform you.

 

[Oghmaron]

Stocks are better to make money but still may be risky if you have no understanding of it.

I agree that before you start working with stocks, you need to study and understand their specifics.

 

[tonyf]

OP, well done and keep going.

I have a very similar approach and am up 31 percent YTD.

Guess who has been shooting down my performance since May? You will find all of the dream team here;

https://www.elitetrader.com/et/threads/my-approach-to-selling-puts.358769/

 

[taowave]

LOL!!!!!!!!!
I better be on the starting 5...
OP still needs to explain this one.Hes "put" on the stock,but tells me I am WRONG saying the stock must be lower..Swiss cheese till then..

The biggest gains have come from holding stock while waiting for it to be called away.

 

[tonyf]

The biggest gains have come from holding stock while waiting for it to be called away.

I agree that the "called away" part got me confused as well but would rather congratulate the dude and praise his performance rather than shoot him down.

 

[taowave]

How,can you congratulate anyone who makes the bulk of their money bring wrong??

He's wrong on a short put trade,gets assigned,then sells an "unidentified" call in the hole,which would have to be up or out to be "the biggest" gains..

Doesn't compute....

I agree that the "called away" part got me confused as well but would rather congratulate the dude and praise his performance rather than shoot him down.