Welcome to the page that discusses Put Options

I want to start this blog by telling you that I have no 1-800 number, I am not trying to sell you any newsletter with the next great stock idea. I am not inviting you to come to my house and view a cleaning agent. I will not try to sell you plastic bowls or any other ‘can’t miss’ ideas. I do not have any life changing secrets and I cannot promise you a flat stomach.



I am going to share with you my daily option moves and the reasons behind them. My way of trading options are of course not the only way to utilize Put Options. This is a way that I have found to be simple and easy and not as complicated as some make this business. My hope is that you can develop a steady stream of income and continue to enjoy your life.











Friday, October 15, 2010

Mark's comment

It seems like you go in and out of various stock positions fairly often. Based on your book, I would have thought you bought and held until the premium doubled or hit the strike price.

Normally Mark, I would stick with a position longer. This is a unique time in the option world as the period is/did come to an end today. Also with the weeklies for AMZN having so much premium today I am expecting quite a bit of time decay coming Monday or Tuesday. Other than the report of earn's on Thur. the stock has to drop over 6 points a day and AMZN just does not do that... So the move did cost me a few dollars but I anticipate making that quickly in the Monday time decay. There of course no 'perfect' way to do these and each move is a judgment call.
Thanks for the comment
Jerry

No comments: