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Worden Discussion Forum » Members » reb1941

Profile: reb1941
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User Name: reb1941
Groups: Gold User, Member, TeleChart
Rank: Registered User
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Joined: Thursday, October 7, 2004
Last Visit: Thursday, April 19, 2018 7:48:34 PM
Number of Posts: 1
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Topic: Who trades options? Who wants to trade them? Post here.
Posted: Thursday, April 21, 2005 1:46:39 AM
My method is to use put spreads. I do one trade a day using put credit spreads. I only do this on stocks that i would like to buy anyway. I limit my risk on the spread and if the stock gets put to me i am in for less money than an outright purchase. Also if the stock gets put to me then it is selling calls on the stock. Also i close out the spread if it is going against me when the lost is two times the profit. Stocks that i want to own for income i keep selling the spread one or two months out till the short opition gets assigned.

Since I am now retired this is my income generator. Each person will have their own method that fits their own likes. I have doing this for the last three years.