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.











Wednesday, August 15, 2012

Hi all, Well I have lately been called Johnny Apple seed, do to my liking AAPL and using it nearly exclusively. For me it is a stock that comes along only once every 10 years or so. The premiums are great, the upside with new products is fantastic and the management is forward thinking and innovative. They lead in market share and customer loyalty. So I am breaking the rules of diversification. At this time I only have AAPL options. That said there are other great stocks that offer great option situations. I like GOOG, which continues to innovate and if they cannot beat you they buy you. GOOG hires the best and brightest from other companies and will for years be a force to consider. At this time Priceline (PCLN) is the leader in their field and has some great options. But lookout PCLN as GOOG is thinking of getting into the booking of hotels etc. If so with name recognition and their marketing, they usually eat the completion. I get questions regarding longer term options. As most of you know that follow my thoughts, to me, time is the biggest enemy. Too much can happen. i.e. war in Iran, election coming, some goof ball doing something stupid, major earthquake, Europe meltdown.. Pick your disaster, it can happen. I have many Jan options that were opened at the buy side of a longer term play. But I am uncomfortable with them. Not because of the stock but strictly the TIME factor. So for those of you that look at selling puts into Oct etc. be very careful and leave lots of cushion. There is so much money to be made with careful choices there is no reason to go out to far. We (I) talk of 1+% a week. We forget that, that is considered outrageous to sophisticated money managers. There isn’t a mutual fund that makes that kind of money. Do weeklies and just make deposits. No reason to guess on the potential of a stock that maybe has reached bottom or the next GOOG etc. Pick winners, leave cushion, avoid earnings. With those three sure ways to making money there is no reason to guess. Good luck all Jerry

Thursday, August 2, 2012

Hi all; Just a reminder to check what AAPL has done in the last 5 days. 31 points and still heading towards Oct release of the new I-Phone. Quality will come to the surface. For those that are looking for a naked put trade check out aapl for Aug 18 at the 550 strike. With 57 points of cushion you get +1% for two weeks. Pretty safe and a good ROI. I sould like a cheerleader for AAPL but with a lot of options in several accounts i love the stock and its future. I like GOOG also but worry for AMZN with its high PE. Plenty of positions with good ROI out there. Use caution and play safe. Don't fall for market HYPE ala FB. Go with proven fundementals and you will be safe.