Replies to post #182 on Selling_Options

[zivtheziv]

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 :)

[viking86]

HI Jeff: fyi I placed my first trade following Ziv's suggestion a few days ago committing about 4.3k cash from an account where I hold other LT stocks and ST options. Right now I donot have a dedicated account for Selling_ Options.

I hope to be able to place another trade of similar size in about 2-3 weeks if my first trade with $HTZ goes well. So the max cash power I plan to spend for such trades will be about 5k-10k or 1-2 trades per month at the beginning. I cannot afford nor want to trade more for now. My goal is to make about $500 to $800 (if possible) income and not to lose more than half of that if i make bad trades. So I like Ziv's idea of taking small losses when the trade goes the other way rather than risking it all. If things go well I may slowly trade more frequently from the same initial funds, maybe adding a little more along the way as I get better at this. Hope that helps some from a freshman.