Comments on: Diversify Your Portfolio By Selling Options

By: Genius

Genius — Tue, 15 May 2012 16:09:12 +0000

You have to ask very nicely.

The brokers ask you several questions when opening an account – net worth, experience in option trading, etc. if you do not meet their qualifications they will only give you Level 1. Some brokers give everyone Level 1 unless you ask for higher levels. They do this to protect themselves. If you lose a lot of money in trades you dont know how to do, you can turn around and sue them. And many people have done this, so you have to show them you have experience before they will approve you.

By: Dave Wenger

Dave Wenger — Mon, 14 May 2012 23:53:19 +0000

How do you get to the level four options all the brokerage houses will liet you trade are covered calls

By: ramesh

ramesh — Tue, 27 Mar 2012 21:31:14 +0000

Genius.
can you provide us with more information on weekly options.

Thanks

By: Genius

Genius — Mon, 13 Feb 2012 19:42:26 +0000

The great thing about options is you can adjust using any combination of options. You can use all of the ones you mentioned and more. Just because you start with an iron condor does not mean you have to end with an iron condor. The end goal is to make a profit on the trade. it does not matter what your trade is “called”

By: kuldip sandhu

kuldip sandhu — Sat, 11 Feb 2012 17:58:47 +0000

dear genius,i am new to GENIUS but i know some about options. my question is;when you adjust an IRON CONDOR do you adjust with iron condor or it can be adjusted with butter fly or calender spred or double calender or some other strategy and when to adjust an iron condor

By: Jerry Jones

Jerry Jones — Sun, 04 Dec 2011 23:02:14 +0000

I love selling weekly options and I have had very good success! I sell calls every week on FAS and FAZ. I sell way out of the money calls on these etf’s. FAS and FAZ have very high implied volatility, so I get very good premium each week selling calls on these 2 etf’s. Last week I made $172.05 selling 2 FAZ calls and I made $25.43 selling 1 FAS call for a total of $197.48.

By: Genius

Genius — Mon, 22 Aug 2011 15:27:48 +0000

Both of the strategies you mentioned are selling option stategies. We do neither. Covered calls take up a lot of capital, and naked options are very dangerous. We mainly use spreads for our selling. To trade my way, you need a Level 4 account.

By: Merdy

Merdy — Sun, 21 Aug 2011 01:28:02 +0000

Please explain what you mean by selling options. Are you reffering to owning the stock and selling options or are you selling naked ( not owning the stock), and what kind of account do I need to set up with my broker? Thanks.

By: Anil

Anil — Sat, 02 Oct 2010 04:08:47 +0000

Genius,
As Indian markets are volatile , I don`t trade in stocks . I trade only in Index Options which are European Style.There may be huge moves of up in stocks but not in index.
Thanks
Anil

By: Genius

Genius — Fri, 01 Oct 2010 18:17:43 +0000

Anil,

I have no experience in Indian markets. What would scare me about them is that they are much more volatile than American markets. There could be huge moves up or down. That said, I will look into it.
Thanks