Options

Options investing is a field that most people do not know about. I am currently involved in selling naked puts and covered calls, but I hope to cover advanced options strategies eventually.  Options trading and investing has to do with taking a position that a particular stock may go up, down or stay the same which makes the contracts very versatile.

What is a Risk Reversal Options Strategy? Entering to my First Risk Reversal Strategy

Last week I went with The Wife and my 2 kids to Disney.  It was the first time I had been there since we went almost 5 years ago. I couldn't believe just how many people were there! Every park I went to (Magic Kingdom, Hollywood Studios, Animal Kingdom and Epcot) was extremely busy.  Granted, I don't have anything to compare it to but these places were nuts.  Some rides had a line from opening till close of 2+ hours.  This shocked me even more given that I pulled my kids from school (and local schools were not off either) and the pure [...]

By |2019-03-19T20:40:46-04:00March 19th, 2019|Options|0 Comments

Learning the Iron Condor Option Strategy

While I have been selling naked puts for a few years now, I haven't really implemented any other options strategies on any kind of regular basis.  When I first learned about naked puts from a friend I dove head first into the topic, teaching myself about other strategies such as the bear/bull spreads, strangles, straddles and even the move that Madoff claimed he was using, the split strike.  I found the other strategies, besides the spread, weren't really a good fit for me.  They each offered a complication and risk beyond what I was willing to take on the sale/short side (I [...]

By |2019-03-03T14:39:09-04:00February 19th, 2019|Options|0 Comments

Revisiting the Greeks of Investing

The "Greeks" is a wildly used terms when it comes to options investing/trading.  The term comes from the letters of the Greek alphabet being used something totally not related to the Greek language, or culture, but rather as a very specific term or formula as it relates to options risk and pricing. Despite trading a lot of options contracts every month I have never built a strong foundation when it comes to understanding 'The Greeks.'  The reasoning is probably because when it comes to options I am mainly self taught once a friend taught me about selling naked puts.  I taught myself [...]

By |2018-08-22T18:16:59-04:00August 22nd, 2018|Options|0 Comments

How Did Madoff Claim He Was Investing People’s Money?

Not unlike a large amount of people in this country I find the Madoff scandal fascinating, so when I saw HBO was doing a movie with Robert DeNiro I was pretty excited.  I find the story so intriguing for a few reasons, but the main two are that I know a few people personally affected, and to a much larger extent, it builds into my obsession with wonder just how many people are completely faking and full of shit.  While watching, Wizard of Lies,  with The Wife I started to wonder what the hell was Madoff's claimed strategy? I am completely familiar [...]

By |2017-05-22T22:50:19-04:00May 22nd, 2017|Options|1 Comment

Selling my First Strangle

In effort to learn different income producing options strategy I have been reviewing various strategies and deciding whether they are appropriate for me to actually trade.  Lat week I reviewed the very popular Strangle Option Strategy and prematurely stated, it isn't something that I would be interested in selling any time soon.  It took another blogger, JC from Passive Income Pursuit, to force me to look at the strategy from a different angle.  His single comment gave rise to me selling strangles! How Does Selling a Strangle Option Work? While my post defining a strangle option went into much more detail, a [...]

By |2017-04-18T14:21:10-04:00April 20th, 2017|Options|2 Comments