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[QUOTE]Originally posted by Chart walker: [QB] [QUOTE]Originally posted by Repoman75: [qb] Well I'm approved to do everything including selling naked calls... so keep me in the loop. [/qb][/QUOTE]No kidding Repo.... Got a buddy that want's to just write the contracts, he said (not so surprisingly to me) that 80% of people who buy Options LOSE their money. -I bet it's HIGHER in Penny's! :D I told him that that sounded like an opportunity to make ALOT of Money! Think about it.... If you know how to snag extreme tops or bottoms [on a WEEKLY chart look at either Stochastic, MACD, RSI and CMoneyFlow and SEE how LOW or HIGH the positive/negative crosses are that produce an "extreme." In other words no buying in the middle.] then you can write CALLS at tops cause you know darn well whatever you sell you'll get to KEEP cause it's about to tank, or likewise on a extreme bottom sell all the PUTS you can cause it's about to cycle up, the price won't go that low so they expire worthless... again... "You keep the cash!" This way your percentage of "keepers" goes WAY up when writing them! You aren't playing around in the middle of the stock, but at an "extreme." -get it? :D I went into this in a little detail because CLEARLY someone who knows how to do this Repo could CLEAN HOUSE..... -no if's, and's, or buts! ~ hmmmmmm.... -now you got me thinking.... How about I tell you what's going where and you write'em? :D :D Wonder how much a couple of us "hicks" could make in 6 mos.?? LMAO ~ I still like trading the contracts, the knowledge of which ones are about to turn could be used to write contracts out PAST extremes, otherwise this knowledge will go wasted, I have nothing to loose here, think about it ~ Chart [/QB][/QUOTE]
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