[markmandel109]

Doesn’t seem like a large enough dip in the financials today except for possibly $WFC.

[markmandel109]

Yep, missed that one day dip. Maybe we will get another shot at it soon with the instability currently in Washington over the debt ceiling.

[markmandel109]

Thanks for this idea. I put in an order for a $3.50 (stink bid) as well!

[markmandel109]

Hi Teddi,

Does your answer above mean we can look forward to $BAC, $JPM, $WFC,and other US bank put selling ideas for Jan2023 leaps soon? Also, other than financials, what other sectors do you look at for Leap put selling?

Best –
Mark

[markmandel109]

Took assignment in one account and rolled out to 4/16 and 1/21/2022 in another account. I’ll sell calls against the assigned shares once the stock price gets closer to my assignment cost ($51.66).

[markmandel109]

Hi Teddi,

$KO earnings are Feb. 10th, if one is considering rolling the 1/22 $52 puts, would you pick strike dates prior or after earnings? If after is chosen, how far out would be a good example? Thanks – Mark

[markmandel109]

I’m going with the charts that Randy Frederick from Schwab has been posting for quite some time – see attachment. It looks like a pull back in mid to late January – similar to the prediction above from Thomas.

Attachments:

You must be logged in to view attached files.

[markmandel109]

Yes, I use Schwab…

1. My SPX options trades have been in non-taxable accounts.
2. I’ve never been assigned. The options have been closed out or expired worthless.

Mark

[markmandel109]

The $nn00, $nn25, $nn50, $nn75 strike prices seems to have better volume, and they work well when using the $25 spread. Please remember to go easy on the # of contracts when first starting out with his strategy. Mark

[markmandel109]

Trying to figure out Teddi’s gains and how she does it seems fruitless. What seems more important is over 40 years of experience she has. She does more trading than what is posted. Mark

[markmandel109]

Agree that trouble can be lurking if there are many spreads in the portfolio. Keeping the # of contracts to what one can afford if assigned helps.

In March of this past year I learned this lesson. Had way too many contracts/spread. Lesson learned. Now have fewer contracts/spread and keeping the spread requirement to hopefully a more manageable level.

[markmandel109]

This reply has been marked as private.

[markmandel109]

Hi Teddi,

I can understand the difficulty in figuring out a one time ‘lifetime’ membership. But, I like the idea of the investors that have been with you since 2008. That is, set a reasonable price that is paid per year and we have access until the day comes we no longer want it. This way we don’t worry or miss out on specials.

Sort of like Ron Popeil’s quote, “set it, pay it, and forget it”!

Sign me up!
Mark

[markmandel109]

Hi Teddi,

This article, like many others has lots of good information. I’m curious about this statement, “Overall, Black Swan Events probably offer more opportunities for investors such as myself who sell put premiums rather than own stocks to trade.”.

At opportunistic times, there have been recs to buy 200 or 300 shares of stocks on dips. Doesn’t this contradict, ‘owning stocks to trade”?

I’m actually more curious to know how long these recs to buy stocks are held when buying the dip. Do you set exit profit and loss alerts? If the stock was bought with the idea of a nice pop, and it doesn’t happen, do you sell covered calls, or wait it out until the stock recovers? How long do you wait, exposing this capital to possible downturns that can’t be predicted?

Thanks for any assistance you can offer.
Mark

[markmandel109]

Teddi, thanks for the quick reply. Any chance of adding trading strategies in the tutorial based on the PUT OPTIONS RANKING TOOL Trend?

Also, here in the forum, my user id wraps to the next line. Consider adding a space between my userid and text so the user id can take up more space on one line.

USERID
Space
…….Text line1 goes here
…….Text line2 goes here
etc
etc
etc

[markmandel109]

1). PUT OPTIONS RANKING TOOL
Add sort to Trend. This would enable the investor to see all of the companies with like trends. Also, add trading suggestions based on Trend in the tutorial. Speaking of the tutorial, the following,
“The rankings will shortly also be shown in the Put Options Selling Tool Analysis along with further details which will be of value for investors looking for swing trades, covered calls and much more. That will be part of an upcoming add-on.” Is there a time line for this rankings enhancement?

2). BEST BETS
Please add hover feature of the stock symbol so the investor can see the company name.

3). Sliders
While a great tool to filter input, sometimes it’s difficult to get exact values. Consider adding text input for sliders to allow for exact values.

[markmandel109]

Hi Teddi,

Searching for a stock seems to be working nicely. I’m now trying to find specific trades that you’ve done in the past. Specifically, I’m looking for a $PEP Leap trade that was possibly done. How would I go about searching for this – I don’t want to do a $PEP search as it will result in way too many hits. Thanks for the help – Mark

[markmandel109]

Week of March 30
The start of the week trades were focused on the Apr 3rd expiry date. Also, at the start of the week Teddi supplied 6 recs for ‘Beat the Bear – Strategies for Selling Put Options for income in a Bear market”. All 6 stocks had multiple trades with unique expiry dates. All of them had Apr 3 expiry date recs and those trades all expired with positive gains. Also, all of the stock recs during the week that had an Apr 3rd expiry expired with positive gains. No repairs were cited. Note: if a trade is near earnings she points that out.

[markmandel109]

Excellent response pbinder. I’d add that the long side provides insurance and it clearly defines the trade risk that is much easier to calculate. Mark

[markmandel109]

Hi Teddi,

These stocks like $WFC that have been hammered can have their short side put options be randomly assigned. This is a gamble that the trader needs to be aware of. We’ve not seen such a dramatic drop in stocks, ever, so it makes prudence sense to be aware of possible assignment of stock.

But, like you’ve pounded the table to us all many many times, and that is, sell puts on stocks you would only want to own and keep the number of contracts traded to the number that you can afford if shares are assigned. Mark

[markmandel109]

Awesome, and like the highlighting! Thanks – Mark

[markmandel109]

Excellent amendment Ernst – thx Mark

[markmandel109]

Hi Teddi – is there any chance the date when becoming a member could be displayed on our profile? Something like ‘member since: MM/DD/YYYY’.

[markmandel109]

Hi Teddi,

Wondering how to handle covered calls that have run way beyond the call price. Here is an example:

$V buy 1/31 $200.72
$V sell March 20 $210, premium $2.59 on 2/3. $V was somewhere between $199.94 & $200.51.

March 20 is a month away and who knows what might happen to the stock as it currently broke through $214 today. I could close out the entire trade for an approx 4% gain or wait to see what happens? Would you roll the call forward, or close the trade out, or?

Thanks – Mark

[markmandel109]

Hi Ernst,

Here is the link to what Tom is referring to…
https://www.fullyinformed.com/members/forums/topic/medium-term-short-puts/

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