My OPTION TRADES..... part 2

Quote from atticus:

Out of half at 3.05.
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Out all at 3.20 average. $0.57 per. Logic is to get out of Sep07 and into another weekly tomorrow. Will post to a new thread.
 
Quote from atticus:

Out all at 3.20 average. $0.57 per. Logic is to get out of Sep07 and into another weekly tomorrow. Will post to a new thread.
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Awesome.

(Out all at 3.30 btw, although got in at 2.90)
 
Quote from Put_Master:

Even the movie MISERY staring Kathy Bates and James Cann.... brought me JOY.
And let me add, in about 30 minutes, I'm going out for an Almond JOY candy treat.

Meanwhile, not only is this a financially healthy company, reasonably valued at my strike,... but given that I expect to earn 13% return with a 22% otm safety cushion, (in this low VIX environment), but if the stock should drop to the $31 area, I expect to earn a similar % return via a covered call.
Even more if the VIX gets out of the teens.

Got several puts expiring this month. I anticipate being on a reasonable amount of leverage between now and then, as they expire.
Being on a reasonable amount of leverage all year long, has the affect of juicing my annualized % returns at year end.
That being, all those 13 - 15% individual trade returns, will actually result in a higher % return at year end..... assuming no losses incurred along the way. But it's best not to assume that.
Not to mention,.... if one or some of my stocks tank, you can be sure I'll hear about it from you and a dozen other posters.
But that's ok. I'm posting them for all to observe and discuss.
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i doubt any of us who gave out reservations of the put selling strat would gloat. most of us has seen from years past (ie spx credit spreader...etc etc) have heard how it all sounds nice the way its explained by the seller until the thing you expected least actually happens. i have my share of puts sold on right now on stuff i don't mind owning in my other ib account; but these are atm sales with many more cheap puts bought (+3 x -1 type stuff) ..also a bunch of flies going on too...but never unbounded short vol..ever.
 
Quote from sellindexvol66:

i doubt any of us who gave out reservations of the put selling strat would gloat. most of us has seen from years past (ie spx credit spreader...etc etc) have heard how it all sounds nice the way its explained by the seller until the thing you expected least actually happens. i have my share of puts sold on right now on stuff i don't mind owning in my other ib account; but these are atm sales with many more cheap puts bought (+3 x -1 type stuff) ..also a bunch of flies going on too...but never unbounded short vol..ever.
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I would never sell a naked call. But a naked put is another matter.
I've been selling them for 20 years, and buying them occasionally.
Granted that when you want to close a deteriorating naked put, you may wish it were hedged.

But if you don't mind owning it at your strike, and you didn't select a crazy stock and/or over valued price, and it's not an over debted piece of crap you selected, because it payed a fantastic credit.... Then owning it for a period of time, collecting dividends and selling covered calls,... is just not that big a deal to me.
However, if a ton of stocks get put you AND you are on excessive margin.... that's another issue.
It's not stock dropping that kills investors. It's being on excessive margin when that occurs that kills them.
 
Quote from diaoptions:

I would like to do a few Naked Puts with Maria Bartiromo.


bartiromo_maria_240x250_2011.jpg
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+1
 
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