Selling Put Options
My blogs
| Gender | Male |
|---|---|
| Occupation | Option trader/retired |
| Location | Washington, United States |
| Introduction | In late 1996 I was introduced to the possibilities of trading options. I jumped in and went for quite a ride. With my lack of investing knowledge, I was cautious at first, but then money started flowing into my account. Stocks like Amazon, Dell, Microsoft, and other so-called Internet stocks just would not go down. These stocks seemed to split and double once or twice a year. Money really seemed free then, and within two years, my account had grown to well over one million dollars. Officially, I was a millionaire. When the bubble popped and I gave back most of my winnings, I sat down and made some rules for trading options. This complete experience telling the up and down story and how I was forced to trade smarter is documented in my book ‘Selling Put Options My Way.’ My goals are now for a monthly return of between 2% and 6%. There are of course months that disappoint but many more that surpass my goals. I seem to average around 3% monthly. I want to share with you the ways to incorporate as much safety as you can in your options business. And it is a business. I wish you the best of luck. |
| Interests | Outdoors, golfing, fishing, hiking, diving & reading good books |
| Favorite Music | some of everything, Eagles & older rock and roll (like me) Bob Seegar |
| Favorite Books | Fiction and facts |