This quote from @optionsuncapped@jschultzf3 is the first step in going from beginner options trader to full-on premium seller. Follow his Trading Lab; it will change how you approach the stock market as a whole.
And even if it falls? If you love the stock, you can willingly take the shares and play the positive drift. If you don’t love the stock, you can begrudgingly take the shares and play the positive drift.
@optionsuncapped I completely agree but the problem is that is difficult to reach my portfolio delta (400) with a VIX 15. So I tend to do is on stocks that are down I buy call spreads at around 50 delta and 45ish DTE but I don’t pay more then 50% of the spread. I don’t know if I’m doing right
@jschultzf3 Don’t get me wrong doc. I’ll watch you anytime, anywhere, any platform. I’m just a little frustrated with corporations that don’t have a human culture. CEO’s like Som Tomsoff that have the ability to see potential in people create beautiful things.
@Ashtradesacct@onlythegreeks It’s pretty much the same with selling naked puts. I would consider all naked put cashed secured. So it didn’t make sense to have so much capital blocked. One I understood BPR a whole world opened
@Ashtradesacct 😂 that is the result of following Dr. Jim. It gives you a whole other way to see things. You don’t have any idea how much money I lost doing this thing
Ok people follow @jschultzf3 & @optionsuncapped if you want to save yourself time and pain and truly learn about finance and trading . He is the way to true financial independence. He is the chosen one.