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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (2384)

10/4/2022 11:28:56 AM

From: robert b furman

Respond to of 2591

HI sm1th.

The put premium exploding just before the turn is very lucrative.

I almost always miss the perfect day to be selling.

It really pushes those who want to insure their account from future declines.

Financial advisors push the concept and fear makes them pay the inflated premium to get the safety of no capital loss.

It's a concept that feeds the market makers at the bottom.

I did catch two put sells on last Friday :

09/30/2022				Sold		T Oct 21 2022 15.0 Put		10		0.41		410.00		5.00		404.87
	09/30/2022				Sold		KMI Oct 21 2022 17.0 Put		10		0.66		660.00		5.00		654.86

Got lucky.

Must learn to be more patient.

I need to post more trades here. It seems you and I are the only posters. My bad for not emceeing as regular as I should.

Do appreciate your posts here!

Bob