dashover
229 posts
msg #133362
- Ignore dashover |
12/22/2016 8:36:21 PM
I have done over $50,000,000 of married puts over the last 15 years... no bs (Mostly Client Money..)
Most of the time the options are a big waste of $, but sometimes they do allow me to take positions, that I would never buy without the put...
Options are a wasting asset and are best sold for premium, unless you play short term directional moves and are excellent at managing your positions.
Most stocks gyrate, and a few, are runners.. Like GS, NVDA.
I like to initiate positions in the strongest, 90 sctr (see stockcharts, and Joanne Klein) that are temporarily weak...
and if they turn out to be a dud, I will sell them quickly..
AND when I get a runner, like I had in MU and PIR this week, I will buy a married put to preserve profits.
I don't mind spending some of my profits to protect a gain for the next 3 months to see if the trend persists. Today I was about to sell PIR, but I chose instead to buy the March 9 puts and see if this thing will continue running. I hate to forfeit gains...
I like to sell some calls to pay for the puts along the way, at opportune points.
Dash
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