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.











Thursday, March 21, 2013

Good to be back

Hi all. Well I have been on a roller coaster for a few months. I've become active on a BOD and also had a long vacation somewhat off the grid. But enough of me. Just wanted to say that I’m sorry for not posting for awhile and glad to be back. For trades that I am now doing.. A somewhat long term spread with GOOG. I recently bought the 9/800 and have sold the April 840. I won't be surprised if GOOG heads past it. If so I will have to decide to roll up the sold strike each week/ or month. But they pay quite well and my 'plan' for goog is to be around 900 by Sept. If so I will capture all the weekly prem's I take in plus capture the 100 pt's on the long side. The downside is how high I can roll the sold one. Otherwise I will have to buy it back to close in Sept. I usually hesitate to roll to soon as you forfeit prem when rolling and then if the stock misses on earns etc. it drops so all the forfeited prem’s are wasted? Always a dilemma. I usually try to stay 20 points below the current stock price. I am also doing some vert spreads with goog. For tomorrow I have a condor 830/835 calls And 790/795 puts This is for a little over 2% when opened yesterday. Still over 1% available at this time today. Tell me some of your trades and fire away any questions ‘good to be back’ Jerry