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.











Saturday, March 24, 2012

possible new trades

Hi all, I have been on vacation for a few days. Just golfing and away from wifi. I started the week with the AAPL 550/615 call spread. When AAPL was dropping some I rolled down to the 610's. as Thursday arrived and AAPL was still a little lower I rolled down to the 605 and let them expire. Monday I will see if AAPL is still dropping some. If so I will sell a call 10-15 points over the current stock price. If rising at the opening I will wait to sell the call until I can see what is happening. Ideally I like to sell the call about 15 points over the stock price. For awhile I have been doing just AAPL but I am now looking at GOOG to see if maybe I will split my plays between GOOG and AAPL.

Monday, March 12, 2012

Some good trades out there but keep up with the world

Hi traders, I'm down in Palm Springs on a golfing trip. I will be just on lap-top trading for the next three weeks. It is sure different when I am not looking the mkt all day. I and all of the acc'ts I trade are in AAPL and that is all. This is risky but with the price target of over 700 by many brokerages, I feel pretty good. The ROI has been outrageous. I am long the 500 for Jan 2013 and short the 560's for this week. Very few times in my trading has there been a stock like this. A good PE and a projected 100+ run. I rode Dell, Msft etc in the bubble but what most traders should realize is AAPL isn't a bubble it is pure earnings. There will be a few up and down days but getting over 5% roi per week is hard to turn away from.
My goodness reading the previous postings on the blog some of you traders have a lot on your plate to check and keep up with. It sure seems like a lot of work. Pick a few (or one in my case) and make money. I have found for me that I don't have the time to guess which stock might go up and the possible percentile on possible down days, and the possible rebound and all the other 'possible'. More power to you researcher but for the new or long time traders that don't get all that tech talk, I advise just a few things..
Pick a really good stock, or several, that is/are fairly priced.
Make sure it has decent premiums.
Be cautious or at least aware that hi profits are a canary in the mine.
Make some money..
It is really that easy. Don't be turned off thinking all of the tech talked is overwhelming and you can't get it. Make it easy but not sloppy. Also don't try to project which stock has hit bottom and don't use a stock that YOU like but the mkt doesn't.
Be aware that this mid-east looming news will probably happen one day with out warnings and it will effect the mkt. In a few days the mkt will rebound but lingering oil problems will be hanging over the mkt. Good luck.

Friday, March 2, 2012

Henngiss & Taxman; Tax you took the words right out of my mouth. What to heck does all that mean? An interesting thing is to look at the same info a week from now and then decide if it told you anything of value. Monday if aapl moves 7 points, none of it is correct, if the move is up or down. Those Greeks and delta's only relate to what has happened. Oh-Oh Greece, just defaulted on it debt.. what now? Absolutely none of that helped and possibly misled you. (just an example) Many traders love to use them and I might be missing a boat?
But like you Tax. I trade three of four times at least every day for 15 years and not once has it helped or was correct. This stuff is a bidding auction. Greeks-theta, beta, Tom Cruise, Tom Selleck. etc --is it a good stock? If so it will go up and the option will make money. If junk and bad news it will go down. For me I always think of large mutual funds and the like. If it helped them a bit they would make money all the time> It is mumbo Jumbo that looks backwards..
But Dave i do like the 575's for aapl next week.
Nicky, you are a thrill seeker...lol good luck