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This kind of strategy exists, but this guy in wrong for few things.
When you sell a Put (we say writing a put), and at the same time you own the underlying (stocks here), this is not a Naked Put. This is a Naked Put. Theoptionsguide.com is, I think, the best website for understanding options, all the most commonly used strategies are there.
There is a lot of books on options, I like this one, for beginners, and then this one, which is really great (how to manage you positions).
In fact, I really love options, it's "slow", not like a crazy future contract, but it can be a very very powerful tools. I'm only playing with options spread, no naked stuff, I like to know, when I pull the trigger, what is my maximum drawdown.
I think every trader need to know, a least, what is an option, how do we play with it, and what are the basic strategies.
I will check it. OpVue 6 is quit expensive and I am looking around for some other ideas. I like to trade option on futures or with futures. I like to trade any kind of strategy. So I need to have an input mechanical or per hand on both products. I have to test that. In the mean time : Thank you and good trading for you and all the members.
when you guys think you have your options strategy figured out you should try doing binary options here - you can fund an account with as low as $100 and trade with as low as $30 per option trade - you just have to be right on your options for one hour (or less, depending when you get in) and you could collect as much as 81% of invested money - the downside is you could lose your investment - but what the heck we know the odds about trading , dont we
@meyer99, I've not use options spreads these last few months. I used to trade US stock options, but my account is in Euro, so I also had to hedge my USD positions, and it was a bit too much for me. Options can be a bit complex, so when you add the currency aspect in it, it can be hard to understand and manage.
But I can show few things, if few people are interested.
I didn't found any good forum for options. The thing to do, imho, is to read a couple of books, then paper trade, then trade real cash. It easier to learn like this.
@gio5959: this is gambling. If I want to gamble, I'll do it with horse racing, it's more fun than binary options
