I used to do primarily naked puts and calls using T Bills as collateral but I am no longer willing to devote the time necessary to monitor and manage the positions. Now the majority of my option trades are OTM credit spreads.
Ken, can you expand on this a bit? Are you doing these OTM credit spreads in puts (ie, bull spreads) or in calls (ie, bear spreads), or both? In equities, or in indexes? And if you want to go further...how do you go about selecting the underlying vehicle (stock or index), and what kind of methodology (if any <g>) do you have select the strikes of the long and short sides?
I for one would love to benefit from your knowledge and experience in these areas, as 'conservative', 'low maintenance' plays are likely to become a much larger part of my portfolio after tomorrow when the majority of my DIM calls expire, are exercised, or are cashed in.
thanks,
-Rose- |
