Selling Options For A livinig
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also $UNG is down 3% this morning so my $25-$30 call spreads will look good :)
$RIG also up this morning for $26 and my $23-$18 put spreads looking pretty good :)
It's about $1,000 income spread if all goes accoridng to the math but so far I'm good
My math formula tells me it doesn't pass the first step so it's not a good trade from a math point of view.
Doesn't mean it's not good, I just won't do it
Good morning all,
slow day selling options so sideline for me this morning. but I will follow on my $NUGT and $GLD just broke $1,200 :)
I agree. it was odd for me to see a great spread with 25% insurance but I took it and didn't ask why and how and I'm happy with that.
Let's see results in the next week or two
I have iron condor on $GLD that moves very slow so it should be ok.
but you have a good idea. I just think x3 etf is the way to go(ld :) right now for the next week or two.
But it's just my thinking, no math no nothing so I don't like to do that but from time to time when I see a good trade I grab it and hope to make more money
So $GME down 11% after earnings for around$39 and my $35-$30 put spreads still have 10% plus down size so I think it will be ok
My friend you should really do like some other members here and PM asking for some skype 1 on 1 private lessons about selling options.
Invest in your future.
I can't explain in two sentences, it's not that simple but for this example I sell the $100 option and get credit and with that credit I buy the $90 option and what is left is my premium. and if it's a put spread I'm thinking it will go up and won't reach $100.
any point above $100 I will keep 100% of my premium.
I never buy the stock, only the options
$SDRL - Win Trade
It's a small win, I closed my $18-$13 put spread for $125 profit because I didn't like the weakness in the stock.
But it's still a win either way so it's better than losing :)
$SDRL - Win Trade
It's a small win, I closed my $18-$13 put spread for $125 profit because I didn't like the weakness in the stock.
But it's still a win either way so it's better than losing :)
Closes last losing position for now $BBY for $585 lose.
This one could go back to 40 in a few days and I'm not sticking around to look.
Now I have 12 open positions all in the win, let's hope it will stay like this for the next 2-3 weeks
Guys I know it's only about selling options but I just bought $NUGT :) which is x3 gold miners. I see gold going above $1,200 level after it didn't go down past few days.
it's only my opinion based on my own thinking not math no nothing, just a pure gamble :)
Put 10k on this one at $15.2 level :) let's see
Closed second condor leg of $MCD and total condor lose of $475
Closed $RAX 43-47 call spread for $1350 loss. biggest loss in the past two trading months so it's good odds.
This one went up in around 10 days about 20% plus in one straight line and it could go down but I'm not risking it anymore.
gonna close two more losing positions today and stay only with winners
I'm sorry man I don't tell people to buy or sell, I only trade accoring to what the math formula tells me to trade.
$GPRO for example with all the volatility I wanted to take a trade yesterday and the math told me not to..
You should really buy the formula it will help you invest better in the future.
Sorry and I hope for you it will go up again
:)
Just answered buddy :)
First of all thank you :)
It's ok to lurk don't worry about it. you will need a level 3 account in order to sell spreads ( I have level 4 which is the max level)
My advise just contact your broker and ask them to upgrade your account ( it's free they just change settings for you) and you are good to go.
- I always sell either call spreads of put spreads or iron condors ( both call and put spreads) and it's all about my math formula and what it tells me to do.
- regarding risk, if you write a spread you always know in advance how much is your max gain and your max loss no matter if a stock goes to million or $0. once the max lose is in your head, this is all you can lose. the way it works for example, if you sell 100-90 put spread on $120 stock, you lose money on the $100 option you sold but you make money on the $90 stock you bought so no matter what happened to the stock, if it will be below $90 you will lose max amount even if it's $89.99 or $0.
- yes I exit always all the time. this is in american stocks. european stocks you have to wait till expiry date but I never trade on those only american stocks.
No problem and feel free to follow me on twitter where I post my trades live before I post them here for a little delay - @selling_options.
Feel free to read the posts in here and the sticky stuff as well and have fun, make money, donate to charity 10% from your profit and enjoy life :)
Thanks man :)
Lurk away :)
Follow me on twittwer where I post my trades live before I post them in here @selling_options
I bought at around 8% down so I was good :)
Thanks :)
Thanks man.
It's just a strategy I use. I rather trade on 30 stocks per month and earn month on 25 of them than to own one stock even if it's apple and I own an iPhone 6 plus and loving it ;)
If you look at my trades @selling_options you will see I only sell options and I make about 30 trades per month with 3-4 losses and 25 or so wins.
Closed full Iron condor on apple for $480 lose.
This markets goes up non stop and apple went from around $97 to $117 almost in 3 weeks. I'm not sticking around to see me lose allot of money
Closed full Iron condor on apple for $480 lose.
This markets goes up non stop and apple went from around $97 to $117 almost in 3 weeks. I'm not sticking around to see me lose allot of money
$GMCR - Win Trade
Closed my $180- $185 Call Spreads for $370 income and 74% profit in about 24 hours :)
This one was just too easy.
Go Math :)
$GMCR - Win Trade
Closed my $180- $185 Call Spreads for $370 income and 74% profit in about 24 hours :)
This one was just too easy.
Go Math :)
$PETM - Win Trade
Closed my $67.5-$62.5 Put Spreads for $360 Income and 67% profit on the premium.
$PETM - Win Trade
Closed my $67.5-$62.5 Put Spreads for $360 Income and 67% profit on the premium.
$CRM - Winning Trade
Closed my $70-$75 Call Spreads for $756 income and 86% profit in about 48 hours.
Not bad :)
$CRM - Winning Trade
Closed my $70-$75 Call Spreads for $756 income and 86% profit in about 48 hours.
Not bad :)
SINA - Win Trade
Closed my $47.5 - $52.5 Call Spreads for $480 income and 82% profit on the premium.
SINA - Win Trade
Closed my $47.5 - $52.5 Call Spreads for $480 income and 82% profit on the premium.
QIHU -
Sell 18 QIHU 75-80 Dec14 Call Spreads for $1080 premium.
Little risky from insurance point of view but I don't think this stock will reach $75 soon
QIHU -
Sell 18 QIHU 75-80 Dec14 Call Spreads for $1080 premium.
Little risky from insurance point of view but I don't think this stock will reach $75 soon
I meant down day on the markets...:)
I don't look every minute on a 25% insurance spread that I have. I check at closing bell always and 2-3 times per markets trading hours on my stocks
Guys and Girls Listen Up -
Donate to charity after your winning trades with paypal as a safe and secure way to do so.
To du-lait@hotmail.com
(It's a charity that I like to support about moms and breastfeeding)
Post your donation on this board and smile after each win :)
Don't forget to give back after each win...I use the 10% rule which means to donate 10% from my net earnings after each trade ( after commissions and stuff) to a charity of my choice.
It's not mandatory of course but I have found out over the years it's good way to give back and will help you with your future trades.
And you welcome :)
its a down day today so add that fact to the dividend and you are right it is a good idea. right now I'm down about 10 cents which are extra $250 to the premium if I have waited another day but it's ok I'm not to worry about more gains, I want to make gains all the time no matter the amount
Thanks.
I might close some spreads today and tomorrow to free some cash as well to take new trades. we shall see
Guys slow day today as earnings season is passing us by.
I will do one trade on $QIHU with 18% insurance so it should be a good one.