Jag_Warrior

I’m pretty much an exclusive seller of options/premium. As for the strategy, it really depends on the underlying. If it’s one that I don’t mind owning at a certain price, I’ll sell puts at that price, usually the day of the earnings announcement (typically late in the day) to capture the volatil...

In the OP you said that he was *mostly* in this type of investment. Do you know the rough percentage of the allocation? Depending on when this took place, he may be doing well on the appreciation and income side now. But I’m with others here who disagree with putting a big chunk of retirement int...

[quote]Ouch. Another lesson learned the hard way about the options game and the danger of selling puts[/quote] Unless it’s a stock that you’re content to own at a specific price, best to do short put spreads. That way, your max loss and risk is defined. ...

Does anyone here remember the old Kinks song Yo-Yo? Turn the sound down on CNBC or Bloomberg and just play that song on 10 while you’re watching your quote screens. About once every 15 minutes you’ll see the Dow and Nasdaq swing from mild green to mild red and back to mild green. Anyone who’...

Respect to you, Yak. I apologize for letting politics creep into my post up there. For the record, I’d just like to see some sort of deal get done so some pressure gets taken off the market. ...

[quote]Because he insinuated that the stimulus wouldn't happen before the election and everything went down hard.[/quote] Well, he’s just stating the obvious, and IMO doing a good job (in this case) of applying pressure on Pelosi. Trump seems to be lining her up to take most of the blame if thing...

Apart from the share sale in the short term, that would certainly provide some good growth prospects in the longer term. ...

I’m with you on that. Also watch the IV and IV percentile rank on your platform. ...

Yep. Much appreciated. Thanks for that. ...

If you are having trouble establishing an exchange rate with a known and established currency (like the dollar or Euro, or even something like bitcoin), and you’re unsure of how you’d use it to buy goods or services that could then be flipped into some other currency, it sounds like you’re looking a...

[quote]By the look of the price action on DKNG today (all week, really), this seems to describe me pretty well... unless something positive happens by tomorrow at 4:00PM.[/quote] Well, Friday came and went and I’m now the “proud owner“ of DKNG @ 47. Like I said, I’ll consider this one an investme...

I’m still looking at the ones that have healthy trading operations, like JPM, MS and GS. As for the when, I can’t say. But I’ve been selling naked puts on JPM in the upper 80s to low 90s for awhile. Haven’t caught any shares yet, but I’m OK with it in that range if I do. ...

Sort of. Sold a basket of 10/23 14 strike puts near the close. ...

[quote]More of a stock I don’t mind owning and collecting premium on the way.[/quote] By the look of the price action on DKNG today (all week, really), this seems to describe me pretty well... unless something positive happens by tomorrow at 4:00PM. :lol: I'm good with it though. Don't want to...

It’s just a learning curve. All of you guys who have open minds and are putting in the time and effort will do just fine. I’ll be asking you for advice this time next year. :cheers:...

Yes, the CBOE is a great resource. TD Ameritrade also offers some good tutorials. For people who want to delve into option/premium selling, Tastytrade and Option Alpha also have lots of free material and advice. Most of what I do is based on their methodologies. For those with a proven track rec...

Thatguy777 is someone you want to follow on here if you’re playing the long side of options or thinking about it. I’m almost exclusively a seller of premium. But we both look at probabilities and risk/reward. But some of these basic selling strategies (like covered calls) won’t get you in troubl...

Only thing I’d add is to check with your insurance carrier first, especially if it’s a high performance or luxury car. A dealer wanted me to put my car on his lot under consignment for “window dressing”, as he called it. My insurance agent said the car would still be covered, but if anything happene...

So it’s more of a trade? If 30 is the price at which you’d ring the register, *maybe* consider writing a 30 strike covered call for some or all of your shares. The Oct. 30/ 30 call is going for about .65 right now. If it hits, you collect $65 (minus fees) for each 100 shares + $3,000. If it doesn’t,...

Depends. Are you in them as trades or longer term investments?...