Quote from hajimow:
I did not want to recommend selling naked PUT (although I am also doing that) because I wanted to propose a protected trade.
Have you calculated the margin comparison between your idea dn my idea? potential gain/loss?
It is great to hear that you are still trading YHOO. 85% of my account is on YHOO stock and options and I am doing great.
it's great that you know a lot about what your trading it seems that my thoughts are that having 85% of your account in one stock sounds absolutely crazy. I mean how do you allow yourself to be absolutely wrong sometimes. You know what your risk of ruin is.. I personally don't want to be in a position where anyone trade could set me back a year of trading.
just a thought.. i'm not at all trying to saying your doing anything wrong.. you might be super long volatility at a super low price for all i know..