Option Millionaires

[silencedogood2011]

Hello Rory3;

With a million to invest and a moderate to high risk/reward scenario there are a number of plays to contend with.

The best strategy that I have right now is this.


With 28% of S&P stocks in bear territory and another 19% teetering between bear/bull I have formulated a defensive strategy.

First I would strategize on high dividend growth stocks. As the market turns from bull to weak bear (for now) I would define high dividend stocks by a Fibonacci retracement. These stocks would become my watch list stocks.

I would then place my buys on the golden ratio and wait. Once in I would be able to weather the storm by receiving a nice quarterly dividend and sell put/calls options receiving premiums along the way.