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50 Four-Day September Expiration Option Ideas

The article was published on 9/15 as indicated at the top and confirmed by the author's statement that there were 4 days left to options expiration which was on 9/18.


On Sep 15 09:42 PM S2009 wrote:

> The table is incomplete, no price at the time of publication or no
> bid/ask for options. So if you do not see this table exactly at the
> moment of publication (which is not shown, is it Sep 2009 or Jan
> 2007 - nobody knows) it is basically useless.

Don't Let the Banks Break You: Hedge Yourself with These 15 Option Strategies

Whether you have very little downside protection depends, or course, on whether you're writing I-T-M or out-of-the-money calls. If you're called out of stocks you like, you can always buy them back and write additional calls.


On Jun 24 12:51 PM kjangelo wrote:

> selling covered calls is a good income strategy when the stocks stay
> the same or go down slightly , however it weeds out all your winning
> stocks and potentially leaves you with the losers. Also it leaves
> you with very little downside protection.

Don't Let the Banks Break You: Hedge Yourself with These 15 Option Strategies

Actually, Marco suggests I-T-M options on a regular basis where the probability of being called is certainly higher and his projected profitability numbers are consequently more likely.


On Jun 24 10:31 AM LanceLink wrote:

> Bernie --
>
> Here are the problems with this, and other articles that Marco writes:
>
>
> First, he bases his "return" on the possibility that the stock will
> be assigned. This is just based upon the hope that the stock will
> rise to the higher strike price. Basing your returns "if assigned"
> is a shaky strategy.
>
> Second, he keeps listing a column of numbers that he says is the
> "current probability" that the stock will reach that strike price.
> He does not explain the basis for that calculation in this article,
> nor has he ever explained it (I've checked his blog, it's not there
> either). Yes, Marco, I understand that there may be some extrapolation
> you can make from the option price and the volatility, etc. about
> the chances that a stock may reach a certain price, but it's all
> just hope.
>
> Writing calls is a solid strategy for income, but articles like this
> are not particularly useful.
>
> Write ATM for maximum return and protection.

Don't Let the Banks Break You: Hedge Yourself with These 15 Option Strategies

Selling covered calls is a viable way to gain downside protection on stocks you already own while enhancing your dividend yield.


On Jun 24 06:54 AM apppro wrote:

> Don't let these guys fool you either. Options may work, but not for
> 98% of us. Actually we're all suffering this added volitility just
> so a few option traders can make a couple of extra $.
> Stop the insanity! Even as Warren Buffett said the other day:
> "Make it simple!"