Replies to post #24611 on OPTIONS TRADERS CO-OP

[Trader Al]

I don't buy options. That's why I was asking about how you select what to buy. I only trade options. I don't know how to pick entry and exit points on stocks. I usually sell naked puts. I recently sold a naked call and it backfire on me. I went out and bought the stock this morning and made it a covered call. I will still have a loss, but it's not much. Now I am hoping that strike price will hold. 4 day is a long time.