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Basics
This may be hard to answer since you've been in the business 30+ years. No matter how many times I start reading about options, I seem to have a mental block about the meaning of put and call. One's a right to buy, the other's ...
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Covered Call Income Strategies
Greetings, I just found your site during a Google search. Am looking for viable/real ways to generate monthly income by writing covered calls. Your replies to the questions I read didn't get into the pie-in-the-sky certainty of all the other online information I'd seen. This ...
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COVERED CALL-ATM OR OTM
Hi Mark NG, You say that you use Covered Call by Writing slightly ATM. I will appreciate if you can explain why is that strategy is better than writing OTM? Why do you think I said it was 'better.' I never said that and I ...
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TBSI Options
Hello JP Thanks for the quick response. I am placing an order for your book specially now that we have the discount code. Thank you. Now I understand the reason for the price difference on the deep calls. Funny that after sending you the email ...
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TBSI Options
Hello Mr. Wolfinger, First thank you very much for sharing your knowledge with us. The information you provide is great and we now look at options as another way to invest. You are very welcome. As an aside, if you like the way I reply ...
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DISCOUNT CODE
MARK; PLEASE TELL ME THE DISCOUNT CODE TO BUY YOUR BOOK "THE ROOKIE'S GUIDE TO OPTIONS" ALSO FROM WHICH CO. CAN I BUY YOUR BOOK? THANKS NG Hello NG, To get the discount , please go to the publisher's (W&A Publishing) web site: http://w-apublishing.com/(S(fpbd2iultjjqfa55lqqr3pi5))/Shop/Catalog.aspx The ...
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Options when the company is acquired
Hi Mark, This thread is very informative. Thanks for the education. My question is simple. Say if I purchase company ABC Jan 09 $20 Call, what happens if company ABC gets acquired by another company for $19 a share? The Call option is not yet ...
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Non Standard Options
Hi Mark, Hello Pr I now have gained enough experience for calls and puts from last time. Now the question is about non standard options. I was trying to buy standard 50 contracts for JUN EXM $50 Calls. Did not pay attention and ended up ...
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position repair
Hi Mark, I own POT May 195 calls, which I bought for $10.50(stock was at $197). POT has come down quite a bit in just 3 days and now my calls are worth mere $4.50. What can I do to protect from further fall and/or ...
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Covered Call using Leaps
Hi Mark, Hello Allan, I have this scenario for covered call using LEAPS: XYZ stocks is $98 today I buy Jan 2010 50 LEAPS call for $48 This is a very unreasonable price. There is no time premium in this option, and your suggest buy ...
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Looking for some iron condor pointers
Hello, I'm fairly new to options trading. Actually, my first experience with options trading started about a month ago when opened some May iron condors on RUT. I've since closed them for a net credit ( I'm sure you mean net profit, not net credit.) ...
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Covered call position
Mark I would like your advice on a covered call position that I have. At the April expiration I sold an FXI June 156 call for a premium of $6. At that time FXI was trading around 145 so what I sold was an OTM ...
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Implied vs. Historical Volatility
Mark I just read your book "a Rookie's Guide to Options" and I loved it. I would say it is a must read for anyone who is getting into options. I have already recommended your strategies to some of my friends. I am currently trying ...
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Covered Calls
I own a fair amount of AMGN in the 80's. With its current price in the 40's do you recommend writing covered calls? I would only be interested in giving up the stock (taking a loss) in the 70's. Any advice? That's a tough one. ...
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COVERED CALL FOR INCOME
HI MARK Hello Nirmal, POT IS VERY EXPENSIVE NOW. TODAY 198.16 I FEEL THAT IT IS GOUNG UP FOR THE NEXT 1 YEAR. I WANT TO WRITE COVERED CALL FOR INCOME. SO I AM PLANNING TO DO THE FOLLOWING -BUY JAN 2009 150 CALL PREMIUM= ...
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