[rworldwide]

thanks all, I appreciate the help and insights

[rworldwide]

Hi all,
bumping this up and hoping someone can point me to info on how to time buying the stock and selling the call

[rworldwide]

I searched visa and had to go to the 5th page to find the most recent trade alerts in december.

the first few pages it only shows articles where Visa is in the title

[rworldwide]

Hi Teddi and others,
where can I learn how to time buying the stock and selling the call. Are you looking at some indicators to time the dip in the stock to buy and then wait for the signal on a rebound to sell the call?

I dont see any info on that in the strategy articles

[rworldwide]

hi Alvin,
thats great, I am in San Francisco. I am getting out of town for the holidays but maybe we can plan to meetup in 2020!

My email is rrsworldwide@gmail.com. I’ll follow up when I am back in town

-Rahul

[rworldwide]

Hi Teddi,
Thanks for your response. For the put options ranking what I meant was a slider like the one you have for “Equity Price Range (drag to select):” but for Market Cap so I can filter out companies that are below $20 billion market cap. I only like to sell puts on large caps.

On the put options tool getting the support levels for short, medium, long term would be helpful. Lets take Home Depot as an example, prior to most recent earnings $225 put strike was highly rated. After earnings announcement stock tanked I had no clue what strike to sell puts on. Great opportunity with the increased volatility but no tool here gives me any info what would be a good strike after the stock has tanked for put selling. Does that make sense?

[rworldwide]

Teddi,
I too wholeheartedly agree with grasshopper’s suggestions especially #1 & #2. I have followed this site for maybe over a decade now and its really flourished but I feel I can get a lot more value with some simple features.

Please see my note about searching stock trades on another thread. It’s a mess.

While the Investing Tools are a nice to have I feel the only one I get real value from is the put options selling tool. The ranking tool is sort of redundant now that you have a best bets tool. Let me create another thread on tweaks to the tools that could be valuable to me and pretty certain other members as well

[rworldwide]

Yes, this certainly doesnt work and is quite frustrating when you are trying to search what was the last trade Teddi had done on a particular stock knowing I saw an alert from Teddi a few days back.

for example I searched for Mastercard and MA recently and the first link I get is from October.

This really should be fixed otherwise I am just left endlessly scrolling and clicking on trade alerts to find something from a couple of days back. Would be helpful if the trade alert title had the ticker/s at least. I understand why you dont do that. But currently I have to click through lots of trade alert articles to find the one I am looking for.

[rworldwide]

Hi Teddi, given the friday shenanigans this is a good time to revisit the topic. If this turmoil continues I will end up with several positions in the money in several stocks that you trade frequently as well. I had opened these trades in the quiet days wednesday and thursday so I am now seeing losses on these.

August 30th expiry
MSFT short $132 puts – Qty 3 contracts
MA short $265 puts – Qty 3 contracts
September 6th expiry
Visa short $170 puts – Qty 3 contracts
CSCO short $46 puts – Qty 4 contracts

Following your strategy article, all these stocks have now dropped more than 2% from the time I sold puts. They are all showing uptrend ending with low and declining rank. Which would advise me to reduce capital/close trades.

None of these are in the money yet, but another brutal day and i could be in a world of pain. So I want to be prepared if that happens. Taking a loss is not ideal so I think if it was you then you would probably roll this out in time at slightly lower prices for a net credit, correct?

If the market falls on monday then for the Aug 30th expiry I am thinking rolling out MSFT to $131 strike and MA to $260 strike. The Sep 6th ones I can give it a little more time to see what happens.

Any tips or thoughts would be much appreciated. I am most concerned about MA and Visa since those stocks are at such frothy levels with everyone piling into them. I fear those could go down a lot and leave me deep in the money if the market corrects more aggressively.

Other things to note
1. pretty much all these are in put spreads but its more for capital reduction rather than protection. In other words I don’t see the long put coming into play much here and will expire out of the money
2. I do have some SPY $280 Sep 20 puts that offers some protection in case the market crashes here so I am not panicking or anything but just want to be prepared and learn from the best!

Thanks again for the strategy article its helped me assess my open trades. Your thoughts are really appreciated

[rworldwide]

haha … yes looking good! Thanks

[rworldwide]

thanks, i bought back the short calls in the afternoon dip. I think in a rally tomorrow I will look to sell some of the long calls and buy back the short puts.

Will leave the long puts as protection as I plan to sell OTM puts on large cap dividend paying stocks that I wouldnt mind owning at lower valuations.

That seems like a solid plan in my head. But lets see what the market gives me

[rworldwide]

thank you so much for the write up

[rworldwide]

excellent, all the best. As you can see, I am turning into a fan of this strategy :)

[rworldwide]

hi Tom,
Any further trades in your SPX strategy? Seems like good opportunity now with the volatility in recent days

thanks
RR

[rworldwide]

hi Tom,
what is your twitter handle?

[rworldwide]

hi Tom,
thank you so much for the thoughtful feedback. Really appreciate the pointers.
Your 3 month trade strategy seems brilliant. I guess Teddi isn’t the only options blackbelt ninja here. LOL!

Did you continue to see success with all the volatility last year? I imagine things would have gotten interesting the last few months of the year.

Thanks again for your response. Much appreciated

[Author]

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