Are naked puts really this safe????

Thank you, dmo. Nicely said! Well Put, so to speak.. It's what you buy or sell and at what price, and at what leverage that makes the difference.

 

To Jahajee,
Not sure if you missed reading my question to you above. You were asking for an intelligent discussion and I posted what I felt were reasonable questions on your strategy above.

Would you care to comment?

 

Is it difficult being a whore on a pirate ship?

 

Looking to sell CALLS in the strike zone of 1380 to 1420 (SPX).

 

So much low-hanging fruit, eh? You realize that your short put is f#cked, no? 1400?

 

Be patient my friend. You're getting way too excited, after a mere 20 points SPX decline.

As per my post on the opening trade, I am also looking at selling more puts.

Remember this one word: Probabilities.

 

Remember this one word: Blowup!

 

You're just too kind. Thank you.

 

Why do you continue with this sillyness. You realize by writing such a large position on low premium, you will be completely fucked if the position makes a big move against you with almost no room for recovery. It's the very definition of picking up pennies in front of a steamroller.

You can wag your **** all your want, but read what dmo said, roll the dice 6 times, you make $1 on 5 rolls, and lose $1000 on the 6th rolls. There's your probability.....

 

C'mon, what's a 50% loss? It's not a loss until it's booked!