bill i don't sell leaps.....i usually sell monthly calls for dls strategy or 90 day to expiration for my short puts...drjoe (i use etf's,,,mostly iwm, spy, fxi, eem, qqqq)
--- In ConservativeOptionS
>
> What products do you sell LEAPS in?
>
> Bill
>
> -----Original Message-----
> From: "joe & leigh" <gass20@...>
> Date: Sun, 29 Nov 2009 13:27:26
> To: <ConservativeOptionS
> Subject: [ConservativeOption
>
> Would love for members to post their strategies and post questions for other members.
>
> I am still trading the DLS and am satisfied considering the worst market correction in decades. I am trading a lot of naked puts and covered calls.
>
> Someone who bought a second home (condo) in a place like Florida at the high of the real estate market to rent and generate income....his condo's market value is probably 40% below his purchase price. I know, I live there. However, he is still able to generate monthly rent comparable to when the real estate market was high while he waits for his condo's value to return to purchase price.
>
> Well my leaps (condo) are well below cost basis. However, my current leap positions opened 39 months ago has generated about $3000/mo.(rent i generated). Initially, leaps were generating 8-10k per month and during the correction I was able to generate at least 1-1.5k per month...averaging over the time period the $3000/mo. My leaps are about the same % below purchase price than if I had bought a portfolio of buy and hold. The difference is I have generated $118,000 in premiums over the 39 months. Where the buy and hold owner generated no rent/income.
>
> I am finding that selling puts if managed well is easier and less time consuming than the DLS strategy.
>
> dr joe
>
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