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AirelonTrading (November 30, 1999 at 12:00 am)
@sytran666 Now that terminology is used. We used to call them uncovereds. Now that term is used interchangably w/ nakeds ... which is not exactly how it used to be.
Sort of how everyone uses the terms contango and backwardation nowadays. 12 years ago, we just called it the contract premium spread
sytran666 (November 30, 1999 at 12:00 am)
isnt a naked put or call writing or selling a put or call?
AirelonTrading (November 30, 1999 at 12:00 am)
@dnichols24 At the time that I recorded this video ... optionsXpress
dnichols24 (November 30, 1999 at 12:00 am)
i can trade futures on sp minis but not on sugar ... what broker you using?
AirelonTrading (November 30, 1999 at 12:00 am)
@AirelonTrading Just remember that it's a 100 shares that you'd have to pony up for each option bought if exercised. But like I said, I like doing this if say, I wouldn't mind owning 2000 shares of a company on a pullback? There is only 12 days left until option expiration? I'd sell maybe 10 put options naked. Even if it goes bad, then I end up owning stock that I wanted anyway (Which I've never had happen) :^)
AirelonTrading (November 30, 1999 at 12:00 am)
@torchlakemi One of my favorite strategies? Is to find a stock that I really would like to own on a pullback? Seeing a very short time period to option expriation (I'm talking 7 to 12 days) - and selling puts on that stock. It's pure income.
torchlakemi (November 30, 1999 at 12:00 am)
@AirelonTrading im trading equities with options but as hedges for ex: ill buy a stock and then buy an in the money put, and i always use money managment principles, but my ? is what do you think about using ITM puts and trading around the postion, such as selling options to take money out and still leaving the upside open (by the way ur vids are very informative) and can the same principles be used in commodities
AirelonTrading (November 30, 1999 at 12:00 am)
You're more than welcome ...
cosmosgato (November 30, 1999 at 12:00 am)
Thanks
AirelonTrading (November 30, 1999 at 12:00 am)
:)
Yeah, if I was going to sell them, the only thing I could think about doing would be covering them with something like Condors, etc.
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