Thank you for everyone's advice. I am pretty good with stocks. I have been a long term buy and hold investor of them for 27 years. I...
So would you advise that I should stick to CC's and maybe cash secured puts, since I will get into trouble if I try more complicated things?
Intrinsic value when it comes to stocks, is the opposite of cut and dry. Just by making small changes to the discount rate, or expected future...
Here are a few. Analog Devices, Bank of America, Berkshire Hathaway of course, and General Dynamics. Stocks can lose their moats by the way....
As I stated, I am an advanced beginner. I have sold probably 100 CC's and cash secured puts. A lot of people who are not professional...
You pick either ETFs, or stocks with a wide moat, that are selling at a discount to intrinsic value. I have been investing in stocks for 27...
It depends how good you are. You can certainly lose money.
If the company is still good, you can keep selling calls on it, but if the business changes, you have to get out as soon as you can.
A lot of experience selling cash secured puts, and covered calls, but nothing else. If the fundamentals of the stock change, you close the call...
My thoughts are selling weekly CC's on good stocks, or ETFs, and getting the appreciation of the stock, plus maybe 1.5% a year in premium is the...
I agree that you are not going to achieve generational wealth by reading his book. However, I have read a number of books on options, and this...
I know the people here are very advanced, so this will not apply to many of you, but I wanted to recommend a book I bought about stock options....
Anything Alan Ellman likes, I like. I have found him so helpful.
Is that the same as Alan Ellman's stock repair strategy?
I would be happy with the return of the stock, plus 1.5% a year. I don't expect to get rich selling covered calls and cash secured puts.
But I do agree that options are not simple, and one should do a lot of paper trading, and only invest small amounts of money, before assuming they...
I think people can be successful selling cash secured puts, and covered calls without getting into complicated multileg options with different...
If you read books by Lawrence McMillan and Sheldon Natenberg, your head will spin. Tastytrade is great.
And of course, thank you for your feedback all of you.
It's not a mechanical strategy, so I don't think backtesting would apply. There is judgement involved. Which stock to pick, which exit strategy...
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