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

Todays moves

I found it hard to just sit on my hands and watch the time value eat up the last of my premium. So I made the following moves minutes ago.
I bought to close the 55, NFLX 140 puts that expire tonight. Cost of 159, sold 3 days ago for 889 = +730
I sold 60 of the AMZN 130 next week puts for  1450.
REASONS
With AMZN trading above 160 and only a week to go, I feel good about these puts. AMZN does report earnings on Thursday night So i will close before that itme unless there is a lot more cushion between the existing then price and the strike price of 130. If I can let them expire it will be a profit of 2180 in about 8 days of trading.
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