Selling Options for passive income by Robert Kiyosaki

[Windlesham1]

Scared money don't make money. You have to get in there and challenge them everyday and hone your skills.

24 years of trading, I'm still here because I'm not a naked seller of options which long term is a losing proposition.

 

[Zwaen]

Heres your "dilemna"..

You are wildly bullish on BABA,but if you are dead right and the stock rips and goes up 30 points in the next 30 days,how much will you make??

Impossible to answer without knowing some sort of prob density function of the type of trades

 

[taowave]

Its very easy to ballpark..no need for advanced math..

Impossible to answer without knowing some sort of prob density function of the type of trades

 

[taowave]

I was a market maker on the exchange for over 5 years,and was an upstairs market maker at 2 major IB's..Without 2 sided flow, the edge is not what you think it is, and 99 percent of the time market makers immediately delta hedge..

You and several other posters need to get off the market maker vs retail Conspiracy theory.It only exists in your mind

You clearly don't know -someone is on the other side of your losing trades. Mugs selling options think they are so clever, yet market makers are the people making coin every day.

 

[Sergio123]

24 years of trading, I'm still here because I'm not a naked seller of options which long term is a losing proposition.

Every strategy loses eventually. There are no absolutes. You have to be adaptive and there is a time and place for it.

I started selling naked puts after the Covid crash when everything still had high premium. I seriously thought that was how you collected stock dividends.

You can't just use one strategy all of the time. You have to mix and match at various times.

 

[newwurldmn]

Every strategy loses eventually. There are no absolutes. You have to be adaptive and there is a time and place for it.

I started selling naked puts after the Covid crash when everything still had high premium. I seriously thought that was how you collected stock dividends.

You can't just use one strategy all of the time. You have to mix and match at various times.

A smart (and infrequent) poster, who trades vol professionally, said he reinvents himself every 10 months. It resonated because I always said that too.

 

[mervyn]

Sold 25 $65 baba puts end of the year, premiums are juicy.

 

[ironchef]

Sold 25 $65 baba puts end of the year, premiums are juicy.

Why do that? I thought you said long BABA leap calls and print $?

 

[mervyn]

Why do that? I thought you said long BABA leap calls and print $?

as mentioned, i am running out of available cash, tied up in arm and tsla puts. this money is from available margin. need to see where it trades after this fake holiday rally.

 

[taowave]

You are wildly bullish and sold 39 day puts for .23??

And what makes you think Vol is high??

What am i missing??

Sold 25 $65 baba puts end of the year, premiums are juicy.