Replies to post #741 on The Options Box (OBOX)

[bbgold]

Ugh, not approved
Yes, I tried to get approved to sell naked index options but was told that I do not qualify as I would need 50k in my trading account. I would have Loved to have been able to sell some Calls when we were at the Tops. One of the benefits of selling the contracts would also be that if the market continues to trade sideways then money could be made just from the time premium eroding. Yes, the volatility has really made for some High premiums. That is another reason that I am waiting a while to trade any of the Aug contracts. Might get caught Watching and miss some trades but it is definitely the Safest place to be. Thanks for the strategy! Would you consider a straddle to be benificial here or wait for lower time premiums? TIA, Bob :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!

[bbgold]

Right on the Money!
Selling any Puts would have made for some Great Profits today. Especially if selling Aug Puts that were close to ATM this morning. Now if only I can get approved :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!