re: Visa getting roughed up today?

Ace, I buy what I like at a price that I don't mind holding if i should get "put" the shares. For phillip morris anything under $92, for Visa anything under $190. Well it was $197 last week so to be able to sell a put and grab it at $178.95 next friday or collect $605 per contract is enticing either way.

What I mean is, I wouldn't even be buying it for $185 bc with a $6.05 premium per share I'd keep Im buying a company I love for $178.95 when looking at it's forward earnings, recent earnings report I don't mind paying $190 bc VISA themselves announced a buyback while the shares were at $190. At $6.05/share I'm literally earnings a 3% dividend in a sense....in 7 days! WOW......but like I said I imagine the average retail investor is on the sidelines due to lack of knowledge and the lack of ability to trade 100 shares at a time.

I literally asked a question on here, got some decent help but googled and googled, then messaged a friend of mine and once I got my head wrapped around the concept its been full speed ahead. You won't believe the returns I'd post it, but nobody would believe me unless they've done it before.

I also learned through trial and error that although the puts a year and half out in 2015 give a nice ROI like 20% year over year the weekly puts are bonkers like 1-3% a week depending on how risky you wanna be but the best part is time decay is on your side like selling a put today, if the share is the same price monday and it expires friday, you get time working for you on saturday and sunday while the market is closed so even if the share price doesn't move, monday morning your put will be worth more.