If your going to do this just stick to SPY at least its diversified and the options market is high volume and more liquid.
Writing Covered Calls
- Thread starter ttp
- Start date
and its not going to 0 like many stocks will.
Just imagine all the folks who tried to be slick and sold puts or wrote covered calls on C,BAC,etc..
Keep it simple. 1 lot of SPY and get a feel for it, write them with 30 or less days of time left.
Quote from ttp:
Thanks for the HELP!!
I seen to have the tools and the sites I need for the present. Now we'll have to wait for the market to stabilize and show some improvement so the option values increase a bit.
And while I am waiting for that I can practice and explore.
TTP
The option values will decrease when /if the market stabilizes.
just got this spam email. selling covered calls is free money according to them:
"There are only two ways to make money in this kind of marketplace.
Trade optionsâopen puts (mostly) and calls.
Or, writing covered calls to generate income and reduce risk.
The secret advantage of option writing is that you can enter trades where you have a very high probability of winning no matter what the market, a stock or a futures contract does.
In fact, you can sometimes enter a trade that has a 99% chance of winning. And with the volatility in this market, there's never been a better time to write covered calls:
Option premiums are extremely rich.
Many great stocks are at record low prices.
Itâs the perfect storm to write covered calls to generate predictable profits. At times like these, itâs like they are giving money away on the exchanges."
"There are only two ways to make money in this kind of marketplace.
Trade optionsâopen puts (mostly) and calls.
Or, writing covered calls to generate income and reduce risk.
The secret advantage of option writing is that you can enter trades where you have a very high probability of winning no matter what the market, a stock or a futures contract does.
In fact, you can sometimes enter a trade that has a 99% chance of winning. And with the volatility in this market, there's never been a better time to write covered calls:
Option premiums are extremely rich.
Many great stocks are at record low prices.
Itâs the perfect storm to write covered calls to generate predictable profits. At times like these, itâs like they are giving money away on the exchanges."
Finally found a site/tool that helps in finding those suggested (?) covered calls! Still need to do the research but for the new-bees here's a place to start:
Covered call:
http://www.optionsbuddy.com/default.aspx
Oops: if url's are not allowed search via Google for option buddy!
TTP
Covered call:
http://www.optionsbuddy.com/default.aspx
Oops: if url's are not allowed search via Google for option buddy!
TTP