Option Millionaires

[leemalone2k3]

Whats really sick is that had I not gone waterskiing at 3:00pm I coulda let those short calls expire worthless for another $650.00 gain. I never was great at getting multibaggers by buying options, but I have almost figured out how to turn losing trades into winners with defined risk tolerance by selling optioons against long positions. These 605 puts had over $1.00 in extrinsic value (time value) on a 3.00 option price with only 2 hours of tradfing left. I really enjoy selling that type of premium. Puts the odds of a winning trade in your favor.