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.











Monday, December 6, 2010

closing the Rimm puts

G'morning, A few minutes ago I closed my RIMM puts. I had 30 of the 150 strike price. With Rimm trading around 162 this morning I decided to close for several reasons.
Opened +752
closed -388
net +364
1. The old (but true) saying, You are never wrong to take profits.
2. With earnings coming, I don't want to watch my earnings disappear on a bad report or some analyst negative report.
I can now use the maintenance funds that are freed up for a 'safer' position.
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