Been thinking about a way to sell and then protect calls (or puts) when you are underwater. (I've talked about this before, but lately have been trying it as an experiment.) Say you get assigned and have to buy the stock at $200…
SmoothSailing#37
There's been all this focus on NVDA lately, then I came across this:
https://www.marketwatch.com/story/three-stocks-now-account-for-20-of-the-s-p-500s-value-thats-making-some-investors-nervous-1e21f95f
Which reminded…
Y'all know how I love my limit orders, so I figured out a new way to use them. Here's the scenario:
I've got IWM stock at 202, and I had sold 202 calls a while back. Expiration is in four days. IWM is at around 204 today so I use…
Been running another experiment these last few months while IWM has been so high and I've been mostly sitting it out. This experiment is looking for a way to keep trading when I'm underwater, some way to reduce the risk of assignment…
I've been looking at and searching for the methodology of how the big money sells options since I started this, and I've slowly picked up some tidbits here and there. Doug Albo (which everyone should be following on Seeking Alpha…
For many years now I've followed Doug Albo on Seeking Alpha, at times I've been a subscriber to his service. I've had very good success with his ideas and suggestions and even though I'm fully invested in selling options now, I still follow…
FIRE, the phenomena that arrived on the scene somewhere about 2010-2012, after the 2008-2009 recession, is of course the idea that one can, through being cognizant of the financial bleeding/waste inherent to our society and then living in such…
I was assigned IWM at 182 in early January, the 11th, so I wanted to stick with that strike until I got back to it. That is underwater, last time it was assigned to me was around $220. It popped up after that and hit a high of $199.23…
I'm often asked why I use IWM almost exclusively for options selling. The book has an entire chapter on that subject, but I'd like to add a bit more here. This week I compared some AMZN puts at varying dates to identical IWM puts, using…
Just a quick look at the increase in options trading volume in the last several years. I started in about 2000. My thought here is, if it didn't work, this chart would be reversed.
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