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.











Sunday, October 28, 2012

Hi all, I’ve been off line for a nice trip and some off time. Well I opened the GOOG trade and got spanked with lousy earnings. I should pay more attention to my own rules…lol. The drop in AAPL also wasn’t all that great.. I have closed all previous AAPL and GOOG positions and opened new ones with Jan, 2013 /600 and selling weekly’s against them. Friday I sold the AAPL 620’s for 4+ and back to making money instead of donating to the option gods. At this time AAPL is the only positions that I have open. The drop in AAPL seems to be a great entry point. Time will tell. Now to the blog to catch up on some of the post.

Wednesday, October 17, 2012

Hi all, it is 9:45 on the west coast and I just opened a trade that might interest some of you. This is a vertical call spread using GOOG I bought the Nov 745 and sold the Oct 20 750. This was a debit of 8.7 The plan is for Goog to stay over 750 by the Nov expiration. If so here are the approx. results. I will make the diff in the spread ---5 I will sell calls weekly for 4 weeks and make approximately 3.5 each week =4 x 3.5 =14 (could be lots more) So a gain of 19 but it cost 8.7 to open this position so a net gain of 10.3 for each option. I did quite a few of these so the results could be very nice. It is earnings week for GOOG so some risk there but as the Oct 750 has over 17 in time val. for 3 days it seems pretty good to me. This isn’t for all but I’m doing them. Good luck