Options Theory: Building a Naked Put Selling System
Here’s my take on building a Naked Put selling system.
Here’s my take on building a Naked Put selling system.
When we’re in a meeting with friends or family, or even surrounded by a few unknown individuals, the same type of question often surge: “Oh, so you work in the financial markets, right (yellow smile on the face, tap on the shoulder etc.)? Let me ask you this: is {{insert the name of the asset
A geared device is a simple machine. It has cogwheels. Cogwheels have cut teeth, called cogs, which mesh with another toothed part of another cogwheel to transmit torque. You trading business should mirror a geared device, like a simple machine. It has cogwheels with cut teeth, the cogs. A group of cogwheels working together could
Warren Buffett is now almost 90 years old. He is one of the most successful investors of all time. One day, just like the rest of us, he will pass away. Even if he lives until he’s 110, he’s pretty close to his final days. Do you think he will just leave all his investments
How goes it Tackle Traders! So it’s another week and a new day, folks! It is nice to be back in the states and settle back in for a minute, since I am very slowly trying to tapering off the nomadic life, kinda. For example, the daily shower is not so much of a commodity as it
Upon grasping the appeal of condor selling on indexes, many wonder about the merit of deploying these feathered profit-givers on multiple indexes such as the RUT and SPX simultaneously. My default response is that such a gambit is redundant due to the strong correlation between both products.
Hi there Tackle Traders! I’m slowly coming off the highs of the Washington Capitals Stanley Cup win and parade. These past few weeks Washington DC has been so vibrant with everyone rocking the red and ALLCAPS. The players were just wonderful in how they celebrated their win with the fans. I think they will be
• Don’t you think clicking buttons is boring? Yes, I do. • Don’t you think running numbers is boring? Yes, I do. • Don’t you think reading charts is boring? Yes, I do. • Don’t you think searching for candidates is boring? Yes, I do. • Don’t you think reading special reports is boring? Yes,
How much pain do you think you can handle? “Let me tell you something you already know. The world ain’t all sunshine and rainbows. It’s a very mean and nasty place and I don’t care how tough you are it will beat you to your knees and keep you there permanently if you let it.
Towards the light. The more you know, the more there is to know. New students are eager to learn and make money, but that’s just not how it works. Would you trust a doctor who learned his craft just by reading books? The learning curve you’ve got to submit yourself to in order to become
Ever since fully understanding the role of randomness in trading, I’ve made it a point to mention it to any who will listen. It makes an appearance in both Options classes I teach for Legacy, it’s part and parcel of a discussion on system development, and it’s a core focus during mentorships I have the
Hello my friends, long time no see/read…I trust you’ve been doing great, enjoying the nice weather and making some money on the markets. I am doing well, although trading has been not so good the last two months. Specifically, I got hit with two consecutive RUT condors (Cashflow Condor system), and a couple of “fake break-outs”,
Work hard to win the championship. “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” This quote belongs to a fresh
Progress can be sluggish, imperceptible in the short run. It is only when one looks back upon their previous selves that the leaps become observable. This summer I embarked on my annual trek to the in-laws who live in southern California. From a trading perspective, Lady Fortuna smiled upon me.
Hello Tackle Traders! We are back after a short hiatus and we are getting into the good stuff. We have covered a lot of ground to get to this point. We have gone through the goal-setting process, we have learned how to set SMART goals and what it takes to make those goals
“Tell me, Mr. Anderson: What good is a phone call, if you’re unable to speak?” – Agent Smith to Neo (Matrix, 1999) You sat down with your mentor and came up with a custom-built system. Yours is a cashflow system, one that sells 45 DTE Condors against the RUT (Russel 2000 Index). It’s a winning
Come learn more about the options strategy I call “The Knife Catch”.
I’ve taught all day, and my noodle is cooked. So if you were preparing for a philosophical tale full of deep-seated thoughts, prepare for mild disappointment. Instead, I’m shooting straight with a useful look back at how I played the failed Euro rally last month like a straight-up fiddle.
Hello Tackle Traders Can you believe it’s July already? Where does the time go! I remember it being January and the weather being so cold I was wishing it was summer. Like most people, I set some resolutions in January and now that we are halfway through the year, it’s a good time to
Good Day Tackle Traders! We are back this week and we are continuing on with our first live trade. Last week we determined our market bias, we did this by looking at the major indexes and the VIX to determine where we thought the market might be heading and we did this using
In response to my recent commentary on how to properly catch a falling knife, Victor asked me to elaborate on the following remark: “Retracements after impulse moves have a high chance of failing.”
Learn to generate monthly cash flow from the financial markets and how to grow long-term lasting wealth. Tackle Trading is an amazing online community for active traders that is led by seasoned market professionals. Tap into the power of Tackle Trading’s proven trading system and learn how easy it is to make money with the proper coaching and education.