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.











Showing posts with label I have. Show all posts
Showing posts with label I have. Show all posts

Tuesday, October 26, 2010

position update

G'morning traders.
A quick update on the positions I now hold and my current thoughts.
1. 2 GOOG 520 strike for JAN 2011 GOOG trading around 614.50 now.
I will try to hold for a while as I have a lot of cushion and GOOG
has so much going for it. If held a while it gives an average of 3%
per month ( my goal)
2.AMZN trading around 168
I have 10 of the weeklies at the strike of 155 These are working out nice with 3.5 days to go
I Have 25 of the 150 strike for the weeklies also. These look good with
19 pt of cushion with 3.5 days to go.
NFLX today around 171 and headed up some
I have 30 of the Nov monthlies at the strike of 125. So around 46 pt of cushion and 3.5 weeks to go.

These positions are all making 3% or better per month and going as expected. Goog is down a little today, however, the premium is falling also. That is the beauty of lots of cushion. The time factor starts eating at the premium quickly if the stock doesn't start dropping rapidly.
So, if nothing drastic happens today I will hold these and watch. As you know if things go off track I have no hesitation to close or make a move even if it involves taking a loss.
Good trading all.
Jerry