Recent content by jinget

Wow haven't been on this forum in a while. I have continued selling naked puts and the occasional credit spread if I don't want to use much margin. I developed my rules overtime that have served me well. I now seem to stay away from speculative stocks and stick with the large cap dividend...

From quickly glancing at the SPY and OEX index options, it seems that if you are working with weeklys you can only go about 3% out of the money to still get a credit (assuming you are just buying the ask and selling the bid) and if you go to a monthly you can go about 6% out of the money to get...

I am prepared to do the work and basically what I want to achieve is progressively larger monthly income from options sales, I don't care if I do it with spreads or naked as long as I am making money.

What strategy would suggest in lieu or selling naked options?

I just read another thread I found on the subject ( I guess I should have search a little better first) that you responded to suggesting to buy a deeper OTM put to turn the trade into a spread and this could work. The point of selling naked puts is to bring in income every month. I am selling...

Hey everyone, I was just curious about what some of you do to protect yourself against large drops in price when you have sold naked puts?