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Strategies & Market Trends : Option Strategies

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To: skinowski who wrote (1889)9/27/2017 3:08:07 PM
From: robert b furman3 Recommendations

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skinowski
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Hi ski,

Honored to follow in the footprints of such a knowledgeable EMCEE as skinowski.

I will post my option trades here - in as much real time as possible.

My modus operandi is to sell puts when the market climaxes on a downward wave.

I trust in time decay and using cash in my account I sell cash collateralized puts.

With time the puts become worth less.

If the stock I sell a put on reverses and goes up - the time decay is supplemented with the put strike price being lower in price than where the stock trades at. If this condition is maintained it expires to 00.00.

I have a few rules - the stock must pay a dividend. If the stock is assigned to me the associated dividend must yield 4.0 % of more. I like to trade dividend Aristocrat stocks like T, GSK, HCP,.

I have core positions in Cohu and Brks - I sell puts on those but since I've owned them for years - I waive the 4% rule.

Some of my put selling is to get good market prices on dividend paying stocks knowing the dividend is the desired outcome.

Other lower yielding stocks, I sell puts on wanting to accumulate a larger position at good prices - hoping for price appreciation.

If I get a blend of that - I have positioned my portfolio in some high yielders and some high growth companies.

Its kind of a simple plan and very conservative - it certainly is not the only way to do options trading.

Hopefully others here, are far more versed in complex options schemes and can teach this ole dog a new trick.

I do very much like to have time decay on my side.

In "TIME DECAY" I TRUST!!

I hope we can all benefit with profits made through trading and enjoy our lives by being able to have some of nicer things our capitalistic system offers.

God Bless America!!

Bob
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