c****x
发帖数: 127 | 1 Hi,
I have been selling puts for a while and can consistently getting >10%
monthly growth(doubles every 7 months). I noticed some posters here are
also doing option selling such as Traderx with S&P Short Straddle. I have
been trading stocks for many years and option selling is by far the best
wealth-building method.
Some of my investing principles:
1. Low risk
2. Consistent performance like rental income
3. Low time commitment. Not interested in being glued to the screen all day
long.
I want t |
T*******x
发帖数: 72 | 2 TraderRex 只能每月赚 4%，比你差远了。
day
【在 c****x 的大作中提到】
: Hi,
: I have been selling puts for a while and can consistently getting >10%
: monthly growth(doubles every 7 months). I noticed some posters here are
: also doing option selling such as Traderx with S&P Short Straddle. I have
: been trading stocks for many years and option selling is by far the best
: wealth-building method.
: Some of my investing principles:
: 1. Low risk
: 2. Consistent performance like rental income
: 3. Low time commitment. Not interested in being glued to the screen all day
|
E***X
发帖数: 885 | 3 The trend of 2009 and 2010 is vol seller. |
c****x
发帖数: 127 | 4
You are being modest. I haven't done any S&P short straddles yet, at least
not on a consistent basis. My primary targets are biotech with >90% of FDA
approval. Due to their nature, biotechs have a very high volatility which
is conducive to option selling. I typically sell 4-5 months out and close
my position before FDA decision. Have been pretty successful with this.
Care to elaborate on your experience with your approach?
【在 T*******x 的大作中提到】
: TraderRex 只能每月赚 4%，比你差远了。
:
: day
|
c****x
发帖数: 127 | 5
Well, it's true to a degree. Many option selling were wiped out between 11/
08 and 3/09 due to massive down move. The key is risk management.
My risk management includes a 200% rule: closing my position once I'm up 100
%(200% of my principal). I don't typically let my positions to expire on
their own. I also have a hard margin threshold. I never let my account
margin dip below that number. If it's close, I will simply close some
positions to reclaim margin.
Going forward, I believe we wil
【在 E***X 的大作中提到】
: The trend of 2009 and 2010 is vol seller.
|
b*********n
发帖数: 89 | 6 你还想在mitbbs上讨论这种strategy莫？不现实。这个版面就是个娱乐版。这儿的人都
是，BET, BET and BET Forever! We want money RIGHT NOW!
你sell option来钱太慢，在这个版面不仅没有人感兴趣，还会被嘲讽的。
day
【在 c****x 的大作中提到】
: Hi,
: I have been selling puts for a while and can consistently getting >10%
: monthly growth(doubles every 7 months). I noticed some posters here are
: also doing option selling such as Traderx with S&P Short Straddle. I have
: been trading stocks for many years and option selling is by far the best
: wealth-building method.
: Some of my investing principles:
: 1. Low risk
: 2. Consistent performance like rental income
: 3. Low time commitment. Not interested in being glued to the screen all day
|
d**k
发帖数: 207 | 7 不懂。如果你卖PUT或者CALL， 100%PROFIT只有等它们归零了（EXPIRE)。
between 11/
up 100
on
account
several
【在 c****x 的大作中提到】
:
: Well, it's true to a degree. Many option selling were wiped out between 11/
: 08 and 3/09 due to massive down move. The key is risk management.
: My risk management includes a 200% rule: closing my position once I'm up 100
: %(200% of my principal). I don't typically let my positions to expire on
: their own. I also have a hard margin threshold. I never let my account
: margin dip below that number. If it's close, I will simply close some
: positions to reclaim margin.
: Going forward, I believe we wil
|
c****x
发帖数: 127 | 8
Not true. Time decay will give you plenty profits before expiration. For
example, if you sell MELA Apr 2010 10p for $1.90 today. It will probably go
down to $0.8 in March, giving you 80/80+250=24% in about 2 months. The
calculation is for illustration only but you get my point. You don't need
to wait for expiration to get consistent 10%/mon. As a matter of fact, I don
't let most of my options expire on their own. It's about ROI. Once price
dips below my own ROI threshold, I close.
【在 d**k 的大作中提到】
: 不懂。如果你卖PUT或者CALL， 100%PROFIT只有等它们归零了（EXPIRE)。
:
: between 11/
: up 100
: on
: account
: several
|
T*******x
发帖数: 72 | 9 不对。归零基本上是 4x，因为卖option只需付 25% 的保证金。
【在 d**k 的大作中提到】
: 不懂。如果你卖PUT或者CALL， 100%PROFIT只有等它们归零了（EXPIRE)。
:
: between 11/
: up 100
: on
: account
: several
|
c****x
发帖数: 127 | 10
Thanks for your comments. Yes, I realize that many posters are simply here
for entertainment. I, however, hope there are still a few intelligent, like
-minded poster whom I can exchange ideas with. Will you be one?
【在 b*********n 的大作中提到】
: 你还想在mitbbs上讨论这种strategy莫？不现实。这个版面就是个娱乐版。这儿的人都
: 是，BET, BET and BET Forever! We want money RIGHT NOW!
: 你sell option来钱太慢，在这个版面不仅没有人感兴趣，还会被嘲讽的。
:
: day
|
|
|
c****x
发帖数: 127 | 11
go
don
My example was wrong. It should be 110/110+250=30.5% for 2 months. But that
doesn't really change anything I said.
【在 c****x 的大作中提到】
:
: Thanks for your comments. Yes, I realize that many posters are simply here
: for entertainment. I, however, hope there are still a few intelligent, like
: -minded poster whom I can exchange ideas with. Will you be one?
|
d**k
发帖数: 207 | 12 This does not address my 100% profit question. But anyway, I used to write
SPY puts because I believe in a recovery. Right now the long term trend is
up, but in short term it may not go anywhere.
Appreciate sharing your strategy of biotech stock options.
Also long term if you believe in a recovery and devaluation of US dollars,
you may want to consider European banks and insurance companies like ING,
LYG, BCS, and AEG. I think we should see 30%-40% appreciation this year. |
c****x
发帖数: 127 | 13
One more thing, I disagree selling option is a slow way to profit.
If you start with $20k and it doubles every 7 months. I 'm sure you know
what your annual earning will be on the 35th month. You can stop there for
a very comfortable retirement without doubling further.
【在 b*********n 的大作中提到】
: 你还想在mitbbs上讨论这种strategy莫？不现实。这个版面就是个娱乐版。这儿的人都
: 是，BET, BET and BET Forever! We want money RIGHT NOW!
: 你sell option来钱太慢，在这个版面不仅没有人感兴趣，还会被嘲讽的。
:
: day
|
b******g
发帖数: 3883 | 14 if you only sell put on one stock, it could be very risk. since you pursue
10% return per month, I assume you use margin not cash secured. if the stock
have big down (30% down) one day ,you will be wiped out. |
b*********n
发帖数: 89 | 15 呵呵，不是我觉得慢，是版上的大众觉得慢。这个版上99%都是想一夜暴富的。
你也就一般。
首先，你的最大的问题还是在预测市场。专门卖put？为啥不put call一起卖？
第二，我不知道你是否就是裸卖put还是使用vertical，diagonal或者calendar之类的
strategy。在sell option这一点上，首先要看到的是reward/margin requirement的关
系，到底哪种strategy在相同strike可以获取最大的reward/margin req（如果裸卖，
还要考虑到margin req的变化）。
第三，卖option的基本原则是寻找underlying比较稳定的股票。我不明白你为啥卖
option还要选择volitility很大的biotech。要知道，别人愿意以一定价格买你的
option，就是证明这个option有可能对方获利，你有可能亏损。股市里面没有一定赢的
好事情。
好的地方是，你有plan知道什么时候进退，已经超出这个版上的99%了。
for
【在 c****x 的大作中提到】
:
: One more thing, I disagree selling option is a slow way to profit.
: If you start with $20k and it doubles every 7 months. I 'm sure you know
: what your annual earning will be on the 35th month. You can stop there for
: a very comfortable retirement without doubling further.
|
d*******k
发帖数: 56 | 16 bloody honesty babypenguin, hear hear.
good discussion! |
E***X
发帖数: 885 | 17 For 3X ETF, only selling calls.
BioTech is not the right candidate to sell options, at least for me.
11/
100
several
【在 c****x 的大作中提到】
:
: One more thing, I disagree selling option is a slow way to profit.
: If you start with $20k and it doubles every 7 months. I 'm sure you know
: what your annual earning will be on the 35th month. You can stop there for
: a very comfortable retirement without doubling further.
|
T*******x
发帖数: 72 | 18 裸卖option，基本上已经没有任何需要答案的问题了（所有问题都已经有了答案）。
如果还需要别人的 Input，那么最好不要做，否则结果是必然的，时间长短而已。 |
c****x
发帖数: 127 | 19
No, I don't need any inputs on the strategy per se. I need underlying
candidates to do put selling. The strategy is sound and proven. The idea
here is get better candidates to achieve higher returns.
【在 T*******x 的大作中提到】
: 裸卖option，基本上已经没有任何需要答案的问题了（所有问题都已经有了答案）。
: 如果还需要别人的 Input，那么最好不要做，否则结果是必然的，时间长短而已。
|
c****x
发帖数: 127 | 20
No, I'm limited to put selling. See my title: option selling. I do,
however, have a short-term focus from time to time. Right now, I'm focused
on Biotech put selling because there are several very attractive candidates
at this time(90% FDA approval probability with successful P3 trials,
therefore, put selling makes much more sense than call selling). The reason
Biotech works for me is due to the high volatility so you get high premiums.
Your logic "要知道，别人愿意以一定价格买你的: option，就是证明这个option有
可能对方
【在 b*********n 的大作中提到】
: 呵呵，不是我觉得慢，是版上的大众觉得慢。这个版上99%都是想一夜暴富的。
: 你也就一般。
: 首先，你的最大的问题还是在预测市场。专门卖put？为啥不put call一起卖？
: 第二，我不知道你是否就是裸卖put还是使用vertical，diagonal或者calendar之类的
: strategy。在sell option这一点上，首先要看到的是reward/margin requirement的关
: 系，到底哪种strategy在相同strike可以获取最大的reward/margin req（如果裸卖，
: 还要考虑到margin req的变化）。
: 第三，卖option的基本原则是寻找underlying比较稳定的股票。我不明白你为啥卖
: option还要选择volitility很大的biotech。要知道，别人愿意以一定价格买你的
: option，就是证明这个option有可能对方获利，你有可能亏损。股市里面没有一定赢的
|
|
|
b*********n
发帖数: 89 | 21 原来你是这么一个不知深浅的人，我还以为你这人不错才费劲把一些精华写出来。既然
你觉得你都很有道理很正确，你造自己的做就行了呗，跑到这儿来让人给你讨论作甚。
顺带说一句：你的英语本来又不咋的哈，何苦一定要用英语来显摆。显摆英文你来这个
坛子干哈呢？你去英文论坛啊，多得是英文论坛。
focused
candidates
reason
premiums.
go
monthly
【在 c****x 的大作中提到】
:
: No, I'm limited to put selling. See my title: option selling. I do,
: however, have a short-term focus from time to time. Right now, I'm focused
: on Biotech put selling because there are several very attractive candidates
: at this time(90% FDA approval probability with successful P3 trials,
: therefore, put selling makes much more sense than call selling). The reason
: Biotech works for me is due to the high volatility so you get high premiums.
: Your logic "要知道，别人愿意以一定价格买你的: option，就是证明这个option有
: 可能对方
|
c****x
发帖数: 127 | 22
Why European banks? To be honest, euro zone is doomed, IMHO. The days for
Euro as a currency is numbered. Going forward, I believe inflation will be
rampant, however, I would not argue for a devalued USD against Euro. In
addition, inflation is good for US equity market.
【在 d**k 的大作中提到】
: This does not address my 100% profit question. But anyway, I used to write
: SPY puts because I believe in a recovery. Right now the long term trend is
: up, but in short term it may not go anywhere.
: Appreciate sharing your strategy of biotech stock options.
: Also long term if you believe in a recovery and devaluation of US dollars,
: you may want to consider European banks and insurance companies like ING,
: LYG, BCS, and AEG. I think we should see 30%-40% appreciation this year.
|
b*********n
发帖数: 89 | 23 人家楼主说了，我这个帖子只准你们给我贡献pick，别的你们就别管了，你们还不自觉
点，批评人家作甚。
【在 c****x 的大作中提到】
:
: Why European banks? To be honest, euro zone is doomed, IMHO. The days for
: Euro as a currency is numbered. Going forward, I believe inflation will be
: rampant, however, I would not argue for a devalued USD against Euro. In
: addition, inflation is good for US equity market.
|
i******3
发帖数: 376 | 24 babypenguin, 你没看到他就是个灌水的吗？拼命的回自己的贴子，跟大家顶嘴。
不就是裸卖吗？说的自己好像是股神。 请楼主不要在回自己的贴了好吗？你说的大家
也都知道。 大家也别互相攻击了。
【在 b*********n 的大作中提到】
: 原来你是这么一个不知深浅的人，我还以为你这人不错才费劲把一些精华写出来。既然
: 你觉得你都很有道理很正确，你造自己的做就行了呗，跑到这儿来让人给你讨论作甚。
: 顺带说一句：你的英语本来又不咋的哈，何苦一定要用英语来显摆。显摆英文你来这个
: 坛子干哈呢？你去英文论坛啊，多得是英文论坛。
:
: focused
: candidates
: reason
: premiums.
: go
|
b******g
发帖数: 3883 | 25 sell naked biotech stock put options is very risky. some biotech stock can
gap down 50% or more in one day. you will be wiped out and have no chance to
exit. |
s***e
发帖数: 267 | 26 LZ 07，08年
有没有卖NAKED PUT？如果月进10％还能SURVICE能讲讲怎么操作的吗？
day
【在 c****x 的大作中提到】
: Hi,
: I have been selling puts for a while and can consistently getting >10%
: monthly growth(doubles every 7 months). I noticed some posters here are
: also doing option selling such as Traderx with S&P Short Straddle. I have
: been trading stocks for many years and option selling is by far the best
: wealth-building method.
: Some of my investing principles:
: 1. Low risk
: 2. Consistent performance like rental income
: 3. Low time commitment. Not interested in being glued to the screen all day
|
c****x
发帖数: 127 | 27
to
Normally, you are correct since biotech is one of if not the most volatile
sectors in the market. However, if you read my posts carefully, I only sell
puts on companies who have completed successful P3 trials and I have done
DD on their science and market potential. The odds of these companies
winning FDA approval is about 90%. If you are just blindly selling puts on
high-flying biotechs, yes, I agree with you 100%, that will be suicide, not
investing. In addition, I ALWAYS close out my
【在 b******g 的大作中提到】
: sell naked biotech stock put options is very risky. some biotech stock can
: gap down 50% or more in one day. you will be wiped out and have no chance to
: exit.
|
E****e
发帖数: 315 | 28 如果你有90%的把握FDA会批，为什么不直接买CALL？ |
c****x
发帖数: 127 | 29
It's because that the 10% will kill you. In addition, FDA is a fickle
bureaucracy if you know what I mean. Science alone is not sufficient at
times. Also, that speaks to the trading mindset: even if I'm sure, I want to
give myself enough room for error. I make mistakes and I have made plenty
mistakes before. Truth be told, I used to buy calls on these companies and
the earnings are ho hum at best. At this time of my investing life, I value
consistency more than individual return. With my st
【在 E****e 的大作中提到】
: 如果你有90%的把握FDA会批，为什么不直接买CALL？
|
