Selling Puts: Have Cash Will Travel Message Board

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Strategies & Market Trends : Selling Puts: Have Cash Will Travel

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To: Tom K. who wrote (909)	1/23/2000 9:37:00 PM
From: Jerry Olson	Read Replies (2) of 1235

Hi Tom actually selling options is a hell of lot more profitable and safer than buying them... i too sell naked puts for monthly income and usually near month only and usually 5-10 points below the stock price.. i have on many occasions sold NP's ITM on volitile nets, for large hits on trending stocks within the sector, "when it's hot"... i'm a Point & Figure chartist...i never buy options, or sell options without KNOWING market direction based on our 5 indicators...market indicators that is..and where the sector is at the moment i dip my beak... i've trade a ton of synethic longs and shorts over the past 2 years...i'll sell the NP and take the proceeds & buy ATM calls same month...trade is free, "if it works"<G>... it's pretty safe if you know your stuff...and trust your TA like i do... so keep on truckin guy...most people tend to be greedy when it come's to option trading, never knowing when to sell or buy back...my goal is always 100% profit using about a 10% move in the stock price...if you do your homework it ccan be very rewarding... OJ....

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