Smooth Sailing With Options

SmoothSailing#37

SmoothSailing#37 There's been all this focus on NVDA lately, then I came across this: https://www.marketwatch.com/story/three-stocks-now-account-for-20-of-the-s-p-500s-value-thats-making-some-investors-nervous-1e21f95f Which reminded…
Smooth Sailing With Options

SmoothSailing#36

Y'all know how I love my limit orders, so I figured out a new way to use them.  Here's the scenario: I've got IWM stock at 202, and I had sold 202 calls a while back.  Expiration is in four days.  IWM is at around 204 today so I use…
Smooth Sailing With Options

SmoothSailing#35

Been running another experiment these last few months while IWM has been so high and I've been mostly sitting it out.  This experiment is looking for a way to keep trading when I'm underwater, some way to reduce the risk of assignment…
Smooth Sailing With Options

SmoothSailing#34

I've been looking at and searching for the methodology of how the big money sells options since I started this, and I've slowly picked up some tidbits here and there.  Doug Albo (which everyone should be following on Seeking Alpha…
Smooth Sailing With Options

SmoothSailing#33

For many years now I've followed Doug Albo on Seeking Alpha, at times I've been a subscriber to his service. I've had very good success with his ideas and suggestions and even though I'm fully invested in selling options now, I still follow…
Smooth Sailing With Options

SmoothSailing#32

FIRE, the phenomena that arrived on the scene somewhere about 2010-2012, after the 2008-2009 recession, is of course the idea that one can, through being cognizant of the financial bleeding/waste inherent to our society and then living in such…
Smooth Sailing With Options

SmoothSailing#31

I was assigned IWM at 182 in early January, the 11th, so I wanted to stick with that strike until I got back to it.  That is underwater, last time it was assigned to me was around $220.  It popped up after that and hit a high of $199.23…
Smooth Sailing With Options

SmoothSailing#30

I'm often asked why I use IWM almost exclusively for options selling. The book has an entire chapter on that subject, but I'd like to add a bit more here. This week I compared some AMZN puts at varying dates to identical IWM puts, using…
Smooth Sailing With Options

SmoothSailing#29

Just a quick look at the increase in options trading volume in the last several years. I started in about 2000. My thought here is, if it didn't work, this chart would be reversed.
Smooth Sailing With Options

SmoothSailing#28

At the end of the year I like to look at how everyone is doing.  So I just went over a friend's account who has mirrored my trades.  I traded pretty conservatively this year, timing my trades, waiting when I have to, and since I've been underwater…