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, February 16, 2014

Hi all, good to see taxman and Ihaveoptions still trading. Sorry for you TAX as snow is pretty for a few hours, and then.... All of my last weeks options worked quite well. For the coming week I still like FACEBOOK (FB) They have proved that they can monetize the site and it should continue to move up. For traders that want it easier... look at covered calls with FB You can buy the stock for around 67.09 and sell the coming week either the 67's or 67.5 and make a nice return. I'm doing 30 or 40 in a margin account. So that can earn 3-4% in a week. Margin account have the risk of a major correction and a margin call if your stock of choice dives. But with the FED keeping interest rates low for the time being I like the risk. For those with a higher risk factor FSLR reports at the end of this week. Most seem to expect good reports? For one of my accounts I am going to buy the FEB 28 at the strike of 50, cost around 4.90. 3.17 of that is in the money. I expect a jump of 5 or 6 points with the report. I'm not doing a spread with these as the up or downside is just to much to guess with. But maybe just 3 or 4 of the call options as a flyer. With a possible jump of 5 or more it could be a quick 100%+ in play. With FB for me I see it as a once every now and then pick. They make money, half the worlds population is on it and it keep growing. I will keep riding the stock until it slows. Have any of you guys or gals been watching PCLN ? Pushing 1300...What is with that company? nearly 100 points higher than GOOG..! I keep trying to figure ways to jump on the train but up or downside risk is just to high. Someday a split will happen on PCLN or GOOG but until then I can't find a play. I am going to get back into S&P etc. soon but the busier I get the more I rotate to easy stuff. At the end of next week we are heading to Palm Springs and then toward Phoenix for a week or two each. Sunshine is calling.. lol good luck all and pass along some plays. Jerry

Sunday, February 9, 2014

Hi all. Thanks to all that have kept the blog alive and well over this last year. I have had many many questions regarding where or what I'm up to and why avoiding posting on the blog. My only excuse is pretty lame but I really have been busy the last year. This past week I spent in the Caribbean spending some hard earned money while chartering a nice Lagoon catamaran.. I'm now home and want to add to the blog I have branched out into doing some investing for others. This has burned up lots of time and energy but paid the bills. So again I am going to try and do a posting more than weekly. I have changed a lot of my strategy mainly for easy trades but I still do a lot of Iron condors. A condor I really like for the coming week is trading at a ridiculous profit of over 10% per week if opened now. I will wait for a few days and look again but if nothing happens soon I will jump in.... Look at Face Book FB trading at 64.35 Buy the weekly 55.5 for around ..04 - \ Sell the weekly 58 for ..09 make around ..05 today Sell the 70 for ..16 and buy the 72.5 for .10 make around ..06 If this works you would make around .16 and a cost of 2.50 each for a profit of over 4% a week. I will wait until Tuesday to do this trade so the profit will drop some but I will still try for 5% for a three/four day trade. Waiting gives me the chance to re-evaluate and adjust the strikes used or even if I want to do the trade. On many of the accounts I manage the owners want a little safer way of trading so I have gone to the simple covered calls. FB has reported earning and should continue upwards? Again I like FB for most of these. I also do some EBAY. When doing covered calls I use the next strike available. With FB I am buying lots of them and selling the weekly 65 calls. The goal with these is to get called! I use a lot of margin so this ups the profit but adds some element of risk but my accounts are ok with some risk if care and thought go into them. So there you have a few of the trades I am doing these days. I hope to hear from you traders regarding what you think and how you are trading this weeks available trades. Jerry