selling those 87 SPY puts for a buck to generate some income is
working well. I mean the risked seemed so low, SPY hasn't
traded at $87 since July 2009, so even if the market had had
another leg down vs the current bounce we are enjoying, the SPX
would have had to sell off to about 925 in order to bring the SPY
down to 87, which I thought was highly unlikely in the time frame.
selling those 87 SPY puts
Nov SPY Puts
Posted by matt on 6th of Oct 2011 at 02:48 pm
selling those 87 SPY puts for a buck to generate some income is working well. I mean the risked seemed so low, SPY hasn't traded at $87 since July 2009, so even if the market had had another leg down vs the current bounce we are enjoying, the SPX would have had to sell off to about 925 in order to bring the SPY down to 87, which I thought was highly unlikely in the time frame.
Matt, although I didn't take
Posted by frtaylor on 6th of Oct 2011 at 03:08 pm
Matt, although I didn't take this trade, I appreciate your posting it. It was educational for me. Would love to see any similar ideas in the future.
Yes, these are option strategies
Posted by cw12 on 6th of Oct 2011 at 03:03 pm
Yes, these are option strategies I do all the time. Don't want to say easy money, but easier money. When you write options, time decay is your friend.