WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
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Posted by Martin January 04, 2017

December trading results and year end review

December ended and we have a new year again. It was time to review our achievements and set new goals. I cannot believe we are again at the beginning of a new year already. Really. Many people considered 2016 year a dismal year. At least that’s what I have read on the internet so far. Continue reading →

Posted by Martin January 02, 2017

How I trade strangles

In my previous post I wrote about predicting the market or stock moves and that I do not do it and why. Yet people keep asking me how do I select stocks to trade and how do I trade them when I do not predict their moves and do not study them. I understand their Continue reading →

Posted by Martin December 30, 2016

Predicting the next stock move is just deceiving yourself

People keep asking me questions how do I choose stocks for options trading or what is my expectation, why I chose to trade one stock over the other, what if the stock fails, and what was my rationale behind a trade. When they ask me for a trade reason, I usually tell them that I Continue reading →

Posted by Martin December 26, 2016

DIVIDEND CAPTURE – TRIPLE PLAY (ETE)

I am placing a new trade order for the next few weeks using a strategy called dividend capture – triple play with Energy Transfer Equity, L.P. (ETE) underlying. Normally, this strategy is a buy-write strategy where you buy 100 shares of the underlying stock a few days before the stock goes ex-dividend and sell a Continue reading →

Posted by Martin October 30, 2016

GME – fixing a deep in the money put trade

Recently, in our trading group on Facebook, a trader asked a question:   “Whats your suggestion to manage my GME Short 3 Jan20 31 put @5.65. GME Trading now @23.8”   I posted my answer to that question but then realized that my answer was just a part of the overall fix of this trade. Continue reading →

Posted by Martin August 21, 2016

What is a rationale behind trading Jade Lizards and trade management?

Jade lizard is a popular strategy yet not so very known among traders. I myself learned about this strategy just about a month ago although Tasty Trade performed studies on this strategy in 2013. But after I studied the strategy, I immediately fell in love with the strategy for benefits it provided. If you have Continue reading →

Posted by Martin August 21, 2016

Option Trader Interview

About a month ago I participated on a series of traders interviews on Amber Tree Leaves blog. I read all of them so far and I was pleased to see other investors and traders involved in options trading. I consider options as a great investing vehicle and excellent tool to supercharge your results. But it Continue reading →

Posted by Martin July 29, 2016

$WYNN beat estimates yet gave me a headache

Today, I feel bitter about my WYNN trade. Last week I decided to take a few trades against WYNN and stretch my account a bit because I was confident that I would be out of those trades before earnings. It was a great opportunity trade! Brokers were listing that WYNN was going to report earnings Continue reading →

Posted by Martin July 06, 2016

TRADING RULES – RULE #2 – Trade often

Trade often means that you are trading as often as possible. You want to be soaked into the market and feel its pulse. You want to be always focused. But how do you do that to trade often and not to break the rule #1 “Stay small? This can be a tricky part. First you Continue reading →

Posted by Martin July 04, 2016

TRADING RULES – RULE #1 – Stay small

It is easy said than done. What is it “stay small”? Stay small refers to opening only as many trades and as big so you stay comfortable with it even when the trade turns against you. You may say that it is obvious but it can be very tempting to break this rule. Let’s say Continue reading →