I think October cycle puts should workout fine...although you might see its all in red now... 2 weeks+ to expiry, a market bounce will just put them back to the right spot...
Well, it helps but what I am interested in is a timely note as to which trade (covered call, or put strategy) you are considering, and how and why---which you answer once he process has been sorted out(if I understand correctly), So it is a lot more motivating for me, to be a partner although not as knowledgeable and practiced for sure), and as you put the pieces together , I could follow along learning from that and access the relevant links also---timely. And, if I agree, I could consider putting on a trade also. But finding all this out some time after the fact is not as appealing.
I am a rank newbie, whohs been trying to learn. I do not have much capital, so covered calls are I hope for a later and weather time. I know how to put on bull Puts and bear calls, and iron condors.
I read faithfully your mails, but do not understand why you are telling us about trades you put on a month or more back?
Thanks Donald. Appreciate your honesty when a trade doesn’t always go the way we think it should. I am finding out that more is learned on those that go south! A lot more thinking and effort in these situations! I am going to watch PAYC and may even trade it now! It is definitely a challenging market! As you mention diversification is extremely important.
Pfizer will be seeing a flood of lawsuits now. Probably a good time to short it.
This week, I lost big with ON Semiconductor. I had 3 cash secured Nov 3rd PUTs sold at $86/share.
Just got called with market price at $66.
What is your net % gain YTD ?
I think October cycle puts should workout fine...although you might see its all in red now... 2 weeks+ to expiry, a market bounce will just put them back to the right spot...
How can I see the Covered Call Trades you make at the same time you make them? Thx.
I find I make more money selling CSP's, than I do with covered calls.
Aloha Donald,
Well, it helps but what I am interested in is a timely note as to which trade (covered call, or put strategy) you are considering, and how and why---which you answer once he process has been sorted out(if I understand correctly), So it is a lot more motivating for me, to be a partner although not as knowledgeable and practiced for sure), and as you put the pieces together , I could follow along learning from that and access the relevant links also---timely. And, if I agree, I could consider putting on a trade also. But finding all this out some time after the fact is not as appealing.
Best Regards,
George
I am a rank newbie, whohs been trying to learn. I do not have much capital, so covered calls are I hope for a later and weather time. I know how to put on bull Puts and bear calls, and iron condors.
I read faithfully your mails, but do not understand why you are telling us about trades you put on a month or more back?
Regards,
George
Donald'
I have been selling CC's for years,
on certain stocks , exp never beyond 30 days, and the biggest lost i
had was at the beginning : 17%.
I have learned much since then ,
Dont you use contingency orders ?
Hell, i remember when the market was more volatile
on my most risky positions i had 3 levels of contingency orders GTC,
that way i could go to work, and sleep without stressing about how much
i could win / loose , i knew in advance.
Other positions i have been rolling Options for over 2 years without a break....
I fix myself a minimum 0.79% gain / 14 day target.
Also you will find that at certain times , the use of other Option strategies
along side CC's and CSP's will prove useful to profit from your position.
Why didn’t you roll the csp options before assignment?
Thanks for your insight!
It would be great if you could forward me a copy of the spreadsheets. Victor
I love your analysis on these trades. I bought LNC 23 and change and been CC 30's. A lot of volatility with rich premiums !
That would be great if you could email them to me
BTW is the excel file or spreadsheet you are using is that what you created or is it a service available to the public?
Excellent article Don. Thank you, Victor
Thanks Donald. Appreciate your honesty when a trade doesn’t always go the way we think it should. I am finding out that more is learned on those that go south! A lot more thinking and effort in these situations! I am going to watch PAYC and may even trade it now! It is definitely a challenging market! As you mention diversification is extremely important.