Naked Call Strategy

Good feedback. Thanks guys. Im learning as I go here.

 

Don't be shy..keep on asking questions...And if you don't quite understand,ask away..

 

Who are you asking?

 

I really want to try this but I want to do it on a stock that doesn't trade after hours to avoid the Gap what are your thoughts on that?

 

No such thing. Also gap can be caused by news during regular hours and you will still be filled at post-gap price.

 

Jason,why on earth do you want to be in the business of picking up pennies?

 

What would you suggest instead?

 

How long have you been trading and what books have you read?

 

You could try on future options as they are more or less 24hrs...
I have tried it years ago when I first approached options, didn't work for me as i didn't like getting stuck in managing position after a price whipsaw... but I know of some people using similar approach. I think it's risky, as with selling options, you eat like a bird and poop like an elephant.