SeekingTruth

Opportunities in Options Markets, Summer 2009

Selling calls without some selling of well selected puts has seldom worked for me very well. Even so , toppy markets puts some what of a damper on this strategy, so the ratio of puts to calls also has to be considered carefully. Prefer to do this during bottoming markets or low to middlin markets for obvious reasons.
If I can't find satisfactory puts to sell , then I usually avoid selling any calls, but I am extremely aware that any options trading is ever as simple and straight forward as it seems. Buying calls in this market requires more courage and confidence than I currently possess in spite of the many positive recovery indicators currently emerging. Short term correction and off to the races again? --seems to be the prevailing concensus.
Still too early for a cautious investor like me, and bear market rallies often lead to ultimate grief unless one is brilliant , clairvoyant , lucky, and quick on the trigger at the right time.
A lot of requirements there , and most small investors can't meet them.