tom,,,,i trade diagonal spreads and csp_cc strategies....over the years i have heavily weighted the csp_cc strategy. main reason is that it is less time intensive than the dls strategy. right now i have about 75% of assets assigned to csp_cc and 25% assigned to dls. i've found the returns are about the same. i almost totally ignore my csp_cc until just days before expiration. drjoe (i do believe that the csp_cc with cash set aside using etf's can withstand and 2 std deviation moves and provide secure income)
--- In ConservativeOptionStrategies@yahoogroups.com, "Tom McDaniel" <tmtempe@...> wrote:
>
> DrJoe-
>
>
>
> I am new to the board and just finding my way around. I am quite impressed
> with what you have done. I have done similar things over the years but more
> ad hoc and never as well considered as your approach. I have seen a couple
> of places where you talk about puts vs. calls and you have talked on one
> occasion of a transition period where you were changing from calls to puts
> and vice versa. Your paper in the files archive seems to be silent on this
> point. Could you provide an update or a reference to where this is
> discussed? Is there a case for having a balance of both to provide some
> insurance against black swan >2 sigma moves, particularly on the downside?
>
>
>
> Thanks,
>
> -Tom
>
>
>
> _____
>
> From: ConservativeOptionStrategies@yahoogroups.com
> [mailto:ConservativeOptionStrategies@yahoogroups.com] On Behalf Of joe
> Sent: Tuesday, June 08, 2010 9:34 AM
> To: ConservativeOptionStrategies@yahoogroups.com
> Subject: [ConservativeOptionStrategies] Re: csp_cc
>
>
>
>
>
> lou,,,,,,i have the short puts now.....if i get assigned i will own the
> stocks......i will sell the sept short calls at a strike equal to my cost
> basis......read my paper again..and the other paper "systematic income" in
> the file section..drjoe
>
> --- In ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com> , "Louis"
> <loupi3@> wrote:
> >
> > Were you thinking of being assigned and then selling the puts? Or do you
> mean, as I think you do, rolling up to Sept.?
> > And, although the Sept premiums are nice, you're ditm again,which will
> leave you with the same decision between being assigned at a substantial
> loss or rolling out.
> > On the other hand, if the stock regains its ground the puts mwill expire
> leaving you with a profit in the area of 4-5% a month.
> > Or you could roll the position out to July to see what's happening.
> > What are you thinking?
> > Lou
> > --- In ConservativeOptionStrategies@yahoogroups.com
> <mailto:ConservativeOptionStrategies%40yahoogroups.com> , "joe" <gass20@>
> wrote
> > >
> > > update:
> > >
> > > i have eem
> > > june 38, june 40 and june 42 short put strikes
> > >
> > > i have iwm
> > > june 65, june 68 and june 71 short put strikes
> > >
> > >
> > > will probably be assigned on most if not all positions,,,,but looking at
> the september calls at the same strikes......significant premiums there to
> gather at least my minimum monthly goal.....drjoe
> > >
> >
>
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