Quote:
Originally Posted by philfree View Post
I entered into my first ever options trade today. Did sell to open and made a $1,200.00 premium and then the option should (hopefully) expire without me having to buy any stocks. The stock will have to go down 30% before the option expires for me to have to buy the stocks so I think I'm good.
Quote:
Originally Posted by lewdog
Selling naked puts!
Have that cash ready man!
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I've done the Sell to open trade several times now and so far they've all expired without me having to buy the stock. I've collected $20,000.00 in premiums. It's working out so far but that doesn't mean that it always will.