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I really like selling puts.
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Maybe the training wheels to options but wheeling is the only strategy which has connected with me on a deeper level. I hate losing money, hate zero sum games, naked calls/puts sounds insane but even risk defined trades like debt spreads is still too much gambling for me.

Selling puts feels like a tool to trading, it's easy to buy and hold but it's not ideal to just buy into any position when you can sell a CSP until getting assigned. It's risk aversion which chimes with my soul. All I've known is losses while learning and trialing, now selling puts it's been night and day.

Feel can work my way out of bad situation. Watch the stocks I want, see one get beat down 10% and check its range, sell a CSP beneath the range 40dte for plenty of room usually .20 delta. If get assigned, I SELL ANOTHER PUT and covered call. I see many just sell covered call from here but selling another put is a strangle and if it's assigned then start selling x2 CC's until out. Most good stocks won't tank this hard, if it's good stock it'll recover and you bought amazing deal with the second put.

Is there something am missing? Want to do this for life! Selling options is the key to making your accuracy trading go up substantially imo. Am using 9 count sell signal, 200 EMA and fibonacci retracement only for my TA. If contract reaches 50% value usually am out if TA says so. Also, I only watch Ron Walker on YT who does great TA. Everything combined has been success pie compared to everything before. I really like selling puts more than anything else on the market.

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They were CSPs, but I would have had to dip heavily into margin to hold them, and multiple news stories/convo at the time were that Netflix was no longer a growth story so it wouldn't return to it's previous valuation. I took the loss - I should have rolled sideways

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1 year ago