Selling Options For A livinig
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That's what I'm doing for the past few years and it made me $5.4 Million and up so yes this is the way to go in order to make money for the long run.
I used to buy options and lost more than I won so that's not good
$RIG -
Sell 25 $RIG 23-18 Dec14 Put Spreads for 12% insurance to the downside and amazing $1,000 income.
$RIG -
Sell 25 $RIG 23-18 Dec14 Put Spreads for 12% insurance to the downside and amazing $1,000 income.
No problem.
If you are interesting in other stuff like many people here such as buying my math formula or 1 on 1 lessons on skype feel free to pm me
That's exactly right except the 3 months part. the max I do is two months :)
That's a good opinion to have :)
Both.
I make money month after month and year after year so it's long term and I use math to choose the right trades
Morning Trade List -
Good morning everyone,
I will write Put Spreads on $RIG and $SDRL and Call Spreads on $CRM
Hi there,
I think that if it's not regular options with regular expiry ( Nov, Dec and so on) you don't trade something you don't know.
I know many people like to trade on weekly options since they can make more money fast which at the end of the day lose more money fast...and also mini options it's a new tool to trade on big tickets 10 contracts instead of 100 .
it was very popular before $AAPL split and went back to $90 so people could buy options on that stock. again, it's another way to lose money on a smaller scale :)
I will stick to selling options since this is what I know best and for long term this is what will make money to everyone and not buying options not weekly and not mini and not any other stuff they will invent for people that buy options will lose money on.
But that's just me...:)
Yes that's right and it is simple to trade but the problem is you don't know which stocks or indeces to trade on and if you need to sell put spreads or call spreads or both ( iron condor) and what strike price to choose when you sell the spread.
All those problems if you choose wrong you can lose allot of money.
My math formula fix all of those issues and makes me money money after month year after year
Hello Jeff and thank you for this :)
Well to answer your questions I can tell you that I started with about 5k = $5,000 around 10 years ago and I bought stocks and then I moved on to options buying and after a few years of more losing than winning I found out about selling options and with my MBA in finance I've learned a simple math formula that with a few steps I know what trade to take and the prices to sell on and make profit month and month year after year.
Some people actually offered me money here to buy the formula so they can gain in private but I declined all offers for now.
anyway for what you asked -
1. I think 5k-10k is a good amount to start and build profits slowly slowly.
2. nope. I sell spreads which means I sell up and down so no matter what happens one side covers the losses of the other part.
3. I used to learn in the past decade and I'm still learning since I just love to learn but that's just me.
I don't use websites, I use my own knowledge and if you want I can teach you as some people here also asked for some 1 on 1 teaching on skype.
If you are interested feel free to PM to discuss prices since I don't like to talk about it in here.
I hope you will make allot of money using this board and my help :)
For this one it's a safe bet to wait till expiry for 100% income and start thinking now on the next spread to take for more income :)
Have a good weekend everyone :)
On a side note, if you like to gamble I think that $GOLD has found it's bottom at $1,150 and should move up long term.
look at $SINA people, math told me to sell $47.5-$52.5 call spreads two days ago for $500 income and looks like I will bank nice cash easy :)
Hope you followed
Look at this guys $HTZ down 10% to around $20 and I sold $26-$30 call spreads that math told me to do for next month and it looks amazing :)
I was just about to post something about that :)
what is your trade?
Guys, boring day this friday so I won't do any trades till Monday.
Go have fun with your family everyone :)
Also say thank you for willy who helped me out with some stuff here.
Look at the results from Nov, only 3 weeks of traing on this board and I made 3+%. in a years I average around 80% return from the strategy I do and in five years the $100,000 should be $1M.
It's no big deal to do that, just keep following me and see for yourself :)
closed $ICE iron condoe for $480 loss and that was my last Nov14 trade closed.
I will update soon on the results of the month
closed $AOL Iron condor for $210 lose.
Closed $BOFI Iron Condor for $90 lose.
It should expire worthless but I'm sticking to my rules and closing my Nov14 trades to post results here on the box :)
closed $TWTR
Closed the $45-$42.5 Put Spread for a $685 loss
closed $TWTR
Closed the $45-$42.5 Put Spread for a $685 loss
Thank you.
Feel free to also follow me on twittwer to see the traades live before I post them in here
I will close my Nov14 positions I have about 4 more open today and tomorrow and will send you to please post summary of Nov14 results.
Thank you man
You just became my bff :)
I will send you and excel link on pm, can you insert it to the main board?
What you need from me in order to do that?
$CBS -
Sell 15 $CBS 55-60 Dec14 Call Spreads for a very juicy premium of $1,050...
If that's what the formula wants I'll do it and follow the #math
Let's hope it is right :)
$CBS -
Sell 15 $CBS 55-60 Dec14 Call Spreads for a very juicy premium of $1,050...
If that's what the formula wants I'll do it and follow the #math
Let's hope it is right :)
$DUK - Win Trade
Closed $DUK $77.5-$87.5 Iron Condors for $220 income and 69% profit on the premium.
the math in the formula told me to trade this one even if it was just 3% insurance per each side so I thought it was risky but it was perfect :)
Hope you made it
$DUK - Win Trade
Closed $DUK $77.5-$87.5 Iron Condors for $220 income and 69% profit on the premium.
the math in the formula told me to trade this one even if it was just 3% insurance per each side so I thought it was risky but it was perfect :)
Hope you made it
$HD -
Finally filled -
Sell 12 $HD $87.5-$110 Dec14 Iron Condors for $528 premium.
Sell $90 Put Buy $87.5 Put.
Sell $105 Call Buy $110 Call
Not today buddy :)
Morning writing list -
I will write call spreads on $HD and call spreads on $CBS.
I only write options on stock I don't hold them.
Feel free to follow me on twitter and see my picks for income each and every month
$RIG - Win Trade
Closed $RIG 24-31 Iron Condor for $250 income and 50% profit on the premium.
$RIG - Win Trade
Closed $RIG 24-31 Iron Condor for $250 income and 50% profit on the premium.
$COH - Win Trade
closed $COH $33.5-$32.5 Put Spreads for $120 income and 50% profit on the premium. it should expire worthless for 100% income but I'm good
$VLO -
Sell 10 $VLO $55-60 Dec14 Call Spreads for $400 premium
$VLO -
Sell 10 $VLO $55-60 Dec14 Call Spreads for $400 premium
$AMAT - Win Trade
Closed $AMAT 20-25.5 Iron Condor for $380 Income and profit of 51% on the premium.
Goes to show you guys and girls how to make money on implied volatility
$AMAT - Win Trade
Closed $AMAT 20-25.5 Iron Condor for $380 Income and profit of 51% on the premium.
Goes to show you guys and girls how to make money on implied volatility