Fully agree on the patience front - that's why I love selling options - you just sell them and then wait patiently for them to expire, then repeat.
Aptly captured by whoever owns the quote "Don't just do something, stand there"
Fully agree on the patience front - that's why I love selling options - you just sell them and then wait patiently for them to expire, then repeat.
Aptly captured by whoever owns the quote "Don't just do something, stand there"
Love that quote lol
I agree with what you said I used to buy options and the price would be up and I would be losing money and I was like what the heck is going on and then it dawned on me when I was buying somebody was selling and those are the guys that were making the money so I started researching and checking into that and that's when I started selling the credit spreads and the rest is history.
Exactly - when you are selling you have both the long-term market trend and time on your side. Seems to me the only way to lose is for the underlying company to go bust. So I now do 100% credit spreads, selling the bluest of chips or major indices
Cheers
I was doing those but now I do just SPX