I am not assuming anything. I just wanted to clear the air with more data for people to chew on than just your very succinct:
DON'T
The big picture cannot be encapsulated on such a complex theme into 1 word.
Selling PUTS last year netted me over 35% of my entire years income in the market. Am I in a small percentage? Maybe yes and maybe no. I don't have any data to help me assess that.
However, working with options over the last 30 years has taught me about writing vs buying, among other things. And I like the concept of options: the leverage they afford and the fact that they are great hedging instruments.
I tried to distill my experiences into general rules. Maybe because I do have the time and I think people should have all the power, information and instruments they can their fingertips to make money.
Options can do that, if properly employed.
In any event, I got 5 stocks called on Friday (TER, MTSN, ARTT, AMKR and TXCC). No puts I sold were assigned (VTSS, GLM, GNSS, TER). In December, I didn't think the bull would last into January.
It thought otherwise <g>.
Be well.
Steve |
