In that case, the profits will still be wiped out, but you still have a major chunk of your trading capital.
Because you keep selling OTM options and collect those lovely premiums, and then finally on one trade the OTMs become DITMs and all your previous...
See so many people concern about you. You are one lucky person. :D
Fainted? :D
You can always buy back till right before expiration. After the contracts expired, you have to deliver the underlying if the other party exercise...
pattersb, you can always buy back the option you sold.
Buy1Sell2, I was just joking, please don't be offended. :) Seriously, do you think being a net seller of options is the way to go? Based on...
Thanks for letting out the secret! Don't you worry that no one is going to buy options from you anymore? :D You should have kept this secret...
"How do you figure out where the pit boss would like the underlying to go at expiration so there will be a maximum # of contracts going...
With naked premium, you will win if you predicted correctly that the stock would not move violantly. But you still have to be correct in your...
"Covered calls are one of the worst strategies for creating income. There needs to be net credit without any downside risk for a strategy to...
1 hand only...:D
1 trade and wiped out all your previous trades' profit. I have seen this many times.
Let's just stick to the original topic. Can we write options for a living? What kind of living are we talking about? :D
ktm, you must be thinking like Vinny1. Read the below post by Maverick74 way early in this thread: Maverick74 Registered: Mar 2002...
"??? I think many of us write options due to our confessed inability to predict underlying direction. " ktm, no matter what option strategy you...
Your art of adjustment would put you into a even deeper hole, if your prediction of the underlying movement simply sucks. No matter how many...
Iceman, did you stop trading for a month? :D
thirst, your AAPL call got stopped out last week, right?
wabrew, how long do you think you would need to reach step 37? :D 40 more years?
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