An acquaintance...Doctor, Says it's all he does. No real reason to doubt him. Not really a bullshitter. Writes several months out, doesn't wait for expiation. Hmph.
I once mentioned buying some higher Calls for at least some protection. He said, "That sounds interesting", as if to pat me on the head, hand me a cookie and go play with the other kids.
Well if you really believe him then give it a shot. I know too well that there are many fakes out there that try to pretend like they are living the life of a pro. I've always been a firm believer of never telling anyone about my trading but to each their own
You did not write the most important sentence at the end of your writeup. > 90% of the investors/traders lose $$$$. _________________________________ An acquaintance...Doctor, Says it's all he does. No real reason to doubt him. Not really a bullshitter. Writes several months out, doesn't wait for expiration. And he keeps on topping his trading account / And his account keeps on growing.
Just a couple of points: When I said it's all he does, I meant the only type of trading he does. He still works full time. As for me, I am kinda lying a little bit. I often, and am currently a little overwritten on a few stocks. It depends on the situation. Are all or most of the short Calls OTM? If they're all ITM, then, No, no overwriting. But if all the short calls are OTM, then I'll dip my toe in the water... Never more than 1 contract. I can see being 40 or so shares short and overwriting.
Selling insurance for that option premium collected generated is generally safe. Doctors like that proposition, matches their personality. If things become and feel dicey you can always bail out...buy to close the position It is what it is, but it's not free magical money or anything. Risk vs reward and everything out there is priced accordingly. The secret knowledge process light is knowing the future because both sides are placing bets...and only one person will win and benefit in the end of the trade transaction
nothing wrong with writing otm calls, in combination of writing otm puts, they are called short strangles, so long you have cash the margin it. it requires the highest level of option trading approval i believe. and if he have a sense where the stock will be within range, he will be fine. on the opposite, pelosi deep itm calls is also popular.
Whats wrong with that. I have done naked calls since 2024 and continue to do them in 2025. Everyone says they are the most risky options you can play, I disagree, if I'm willing to short a stock whats the difference if I write a naked call against it and collect a premium while doing so. Last naked call option was BOIL. Walked away with a nice profit. The only thing I have to be careful of is selling naked call options against hard to borrow stocks. Other than that I will continue to sell them all day long.
Looking at tonight's Futures, I'm more concerned about my OTM Puts that I'm short than the nekked Calls. That PLTR sitch is not good.