Selling Options For A livinig
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That's exactly right and I'm with you on this opinion.
Problem is market never asks us what we think, he does what he wants to :)
All we have left to do is hope it won't pass $26 or I will close at a lose and make money on other trades that I have open
$CTRP - to wide of a spread so I won't touch this one. I guess it's holiday season when people think they can get whatever price they want
:)
$PEP
Ok this one is for low insurance so it's risky but the math formula told me to take it so I did
Sell 10 $PEP 92.5-105 Dec14 Iron Condors.
Sell 96 Put buy 92.5 Put
Sell 102 Call buy 105 Call
For a premium of $500
$PEP
Ok this one is for low insurance so it's risky but the math formula told me to take it so I did
Sell 10 $PEP 92.5-105 Dec14 Iron Condors.
Sell 96 Put buy 92.5 Put
Sell 102 Call buy 105 Call
For a premium of $500
$HTZ is red and $GME is green, let's hope it will keep going like this :)
Well respect man.
I served in two wars in the last decade as a combat member of battalion team in my mandatory 3 years tour and in my my reserves tour as well
One of my biggest winners and I don't buy many stocks it that I bought $MPEL at $3 around five years ago and sold at $22
$GLD iron condor and $UNG Call spreads also making me good money so far this month and oil is up today as I predicted so hopefully $USO will also make good money.
No problem man and I agree with you it's a good idea :)
I just hope $HTZ will stop moving up...I'm not too worry about $GME just $HTZ is moving up with some news yesterday about a new C.E.O or something like that.
let's hope it won't go to $26 or I will close it before my will
I agree with you but even if I'll get 30-50 cents and sell 10 units for around 13% insurance against a down move, it's a solid trade ( hopefully)
The earnings are today after the bell that's why it's still a good idea to sell options on it
Trades For Today -
Good morning all,
I will write iron condor on $PEP and I will write a nice 13% insurance put spreads on $CTRP
I'm from Israel
Hi there,
Well first of you welcome :)
It was a long and complex formula and what I did is I made a step by step guide on word doc with pictures of each and every step and I told the story of what to do in point after point after point with picture all along the way.
The feedbacks I got from some people who purchased it said it's very user friendly and easy to use.
The math is also very very very basic and of course in here if you don't understand something feel free to ask and I'll explain as I always do :)
I don't need the money, all ok asking is to keep the donations going for my favorite charity and support moms and breast feeding .
You can just paypal to du-lait@hotmail.com and write me here once it's done with your email and I'll email you the document.
It's almost 1 am here so if do purchase it, I'll send you the formula in my morning time :)
Thanks in advance
Ziv
Thanksgiving special :)
Ok guys and girls, due to high demand till turkey eating time, my math formula will be on sale in the amount of $250 only :)
Feel free to PM with the details or make a direct purchase via donating to: du-lait@hotmail.com and let me know once it's done with your email included so I will send you the secret formula that made me $5.4M during the past few years.
Enjoy the holiday and let's keep making money :)
Ziv
How about you buying the formula and give away for charity with the payment for it and give back to others?
$USO now back in the green and if you were able to catch it as I did in market order at the start of the trading day, you are doing good now
$GME back in the green now.
who is still in it other than me :)?
now that's why you listen to the math formula and sell 25% out of the money for a great income, for situation exactly like in this stock.
$USO -
I had to take on little more risk since the time decay was already priced in but still I think I will be good.
sell 50 $USO $27.5-$25 Dec14 Put Spreads for $1,750 premium
I know my friend.
I don't see a war or any other drastic stuff that could move this below $70 that's why I'm taking a big trade with 50 units in it.
I might be wrong but I like my odds
Well you could have asked and I would have answer :)
The formula is not something I made up, it's something that is teachable in Finance MBA classes across the world and I just took it and made it into a very nice user friendly document that's it.
The payment that people in here purchased went for charity and not into my pocket so it doesn't matter the amount you are asking to buy, I will most likely agree.
Feel free to let me know if you change your mind and invest in a good cause :)
Ok no problem.
You do know you don't need like $10,000 for this right?
I have one guy who donated $25,000 for this yes and one guy who donated $250 for this...I accepted both offers as it go to a charity not to me so it's for a good cause.
You can wait a year or invest $250 in your future...it's not that big of a deal my friend
I don't mind if the oil price will be pushed up or stay the same or go down to $70 as I will still make money :).
My formula found this one and it should be very good
That's true but I like to never reach that point of even getting close to it :)
You know you can really buy the formula and see for yourself about trading and invest in your future basically.
It's not that expensive and all the money that you will use to buy it will go from you directly to charity so it's not like you are paying me for something.
Think about it and if you would like, pm me
Ziv
Trade Of the Day/Month ( Hopefully) - $USO
I will sell 50 $USO $27-$24.5 Dec14 Put Spreads for $1,800! yes you heard me $1,800 premium and I will make this premium if Oil will be above $70 per barrel in about three weeks time...I think it will, do you :) ?
I'll update when It's filled but I'm going for $1,500 plus premium
Good morning and I hope everyone had a good weekend :)
Ok so,
Yes Iron condor is selling call spread and put spread hoping the price will stay between the lines of the sold parts.
But it's one margin not double margin because one side will always win the other.
You can do a simulation on optionxpress and see for example $5,000 margin requirement on call spread and $5,000 on the same stock for iron condor.
you are not risking twice the margin don't worry.
You see it right to a point but the point of writing a condor at least from my perspective and it's against many other people who don't think like me IS that it's not about the bigger or double profit since it's two spreads, it's one profit but if you aim for same goal you want to reach on each call/put spread you write, you have much better wings for the condor to fly inside of them :)
So if you are aiming for let's say $3 credit on call/put spreads that you write on let's say the $45 stock then you would write 40/35 put spreads for example and risk only one time the margin requirement yes but if you write iron condor on that $45 stock for $3 credit which is your goal you will risk same amount of margin but you will write $35-30 and $55-60 for $1.5 credit on each side so you have more protection if the stock goes up or down.
And of course condors I rather write for more than a month from expiration so if it doesn't move allot in about 2 weeks, to close it and move on.
I do risk the margin but I don't let it go that way
P.S guys- $GLD and $USO looks amazing from a math point of view.
I already have iron condor on $GLD which not to jinx it but looks amazing with allot of room from insurance point of view on this one.
Same for $USO I just crunched the numbers in the formula and I will do an Iron condor for around 9% insurance on this one and around $1,000 income so if you have spare money get ready for it.
It means that Oil should go to below $69 or above $81 so I will lose money and somehow I don't see it happening any time soon in the next 2-3 weeks.
Also if you are not in the $GLD condor it's the same as USO even with better protection. I make money if the GOLD doesn't move to around $1,100 and below or $1,300 and above in 2-3 week. does anyone think it will go to those ranges? I don't think so...
Those commodity income players are a great source of income so try to save money for those as well as I will sell condors on them over and over and not only on stocks.
I also like to do $SPY condors when the math approves me for that but this has not been the case for a while and it's good I didn't do it since I would lose again and again with the markets going up in one striaght line.
Have a good weekend everyone :)
Ziv
Summary Of Open Tades :
Winnings : $YHOO $UNG $HTZ $HD $CBS $RIG $GME $GLD $QIHU
Losing : None
I closed today $VLO $CAT win #income
$VLO - Win Trade
Just closed my $55-$60 call spreads for $240 income and 60% profit on the premium
$VLO - Win Trade
Just closed my $55-$60 call spreads for $240 income and 60% profit on the premium
$CAT - Win Trade
Just closed my iron condor for $112 small income but still income and 22% profit on the premium
$CAT - Win Trade
Just closed my iron condor for $112 small income but still income and 22% profit on the premium
True :)
Nothing is safe in life other than taxes and death but I agree with you with this statement :)
Guys boring Friday today, Wait two hours and go enjoy the weekend :)
I think markets will slow down starting now and for the next 2-3 weeks with the holiday season upon us.
I do think stocks will keep move slowly slowly upward and no down movement so stocks such as $GME for example should grind little up same as $RIG and few others.
If you are in call spreads and the stock is close to the strike price, it would be a good idea to sell ( buy) at a small lose before it might be too late.
What's important is that maybe I'm wrong but I don't see a market correction at least till January.
Also Gold should move up during holiday season for the next month of two above $1,200 and to reach around $1,250.
All my ideas, no math but I use my mind as well. MBA in finance doesn't come easy :)
Have a good weekend everyone and keep making money. don't forget to give back and enjoy life afterwards :)
Ziv
Thanks for the infor man, keep them coming :)
Brutal day for this one today and as odd as it sound in still making money at those rates and up to $35 all thanks to the math formula . It's crazy :)
I use the step by step guide that I made and it's now on sale for donations.
It was a complex math formula and I broke it into few simple steps that everyone can do.
Feel free to pm me if you are interested
It does look good. If It was me I don't see this stock going down more than 37-38 and then go up again. It's a great company and it's just panic selling so I'm happy with my 35-30 spreads and your idea is good as well. You can do 35-31 if you want for more risk and more credit but I don't think it will reach that point
Yes those two will move, in already in $10,000 on NUGT so I'm good for now
My friend feel free to make me an offer on my math formula in PM like many others did and are doing as we speakso you can invest better in your future