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Toofuzzy

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Toofuzzy

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Re: bkluck post# 573

Saturday, 07/26/2014 12:59:33 PM

Saturday, July 26, 2014 12:59:33 PM

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Bbluck

Part of that $155 is not really a premium. It is the difference between the current price and the strike price of the put. You will get slightly more actual premium by selling SLIGHTLY out of the money puts. Sell puts at a strike price just below the current price. The further out you go in time the greater the premium, though if you could keep selling monthlies without getting hit you will make more over time not counting the multiple commisions.

I like to go 6 months to a year out.

Toofuzzy

Take the road less traveled. It will make all the difference.

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