Thanks.
That's pretty much what I thought; I wanted to be sure though.
I may try it out, scaled down for my portfolio. If I come up with any insights or interesting tweaks, I'll report it.
Thanks again for your continuing efforts.
Lou
--- In ConservativeOptionStrategies@yahoogroups.com, "joe & leigh" <gass20@...> wrote:
>
> lou i don't do all 3 months at the same time....one month june, next month july, next month aug etc....always 3 months out....this way if iwm goes through a correction during this period the strikes/cost basis if assigned would allow me to write better covered call because of the cost basis. each month i am 1/3 atm, 5% and 10% otm...drjoe
>
> --- In ConservativeOptionStrategies@yahoogroups.com, "Louis" <loupi3@> wrote:
> >
> > drjoe,
> > I like the idea of CSP's and am working toward a method that I find suitable to my needs.
> > Thank you for posting your file. I hadn't noticed it previously and have a couple of questions.
> > Regarding scaling in, I'm not sure what your reasoning is here.Using IWM as an example, and selling ATM (at the moment 70) as an example your total premium entering in Jun, Aug, and Sept (there is no Jul)would be $136.44 at bid. On the other hand, selling all 27 in Jun would bring in $97.74, plus 97.74 in Aug and 97.74 again in Sept providing greater premium and less exposure. Since you're way ahead of me on these things, what did I miss?
> > Also re splitting up the contracts' strike prices, do you divide the 9 into 3XATM,3X-5%, 3X-10% each month, or do you do 9 ATM first month, 9@ 5% OTM second month, 9@10% OTM month three?
> > Lou
> >
> > --- In ConservativeOptionStrategies@yahoogroups.com, "joe & leigh" <gass20@> wrote:
> > >
> > > i would love to hear from members how they trade short puts.......last 2 years been doing more of those than dls with similar results.....positive is it requires less monitoring and work.....i do have how i have been doing it on the file section
> > >
> > > would love to hear how others use short puts for an income strategy especially do they adjust or love to be assigned and follow with covered calls.....especially would like to hear how people use the most important facet of trading....money management.....drjoe
> > >
> >
>
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