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Then be the options seller. You can sell cash secured puts, or a put credit spread, or a call credit spread. Calls are even more expensive than puts right now.
by rytill 3y ago
Then be the options seller. You can sell cash secured puts, or a put credit spread, or a call credit spread. Calls are even more expensive than puts right now.
- TheAlchemist 3y agoSelling options is an even worse idea. Frankly, I don't understand why we made it possible for individuals to gamble by selling options. As Charlie Munger used to say, Wall Street will sell shit as long as shit can be sold.
- rytill 3y agoYou would be right about selling naked options. But call/put credit spreads have bounded downside, just like buying options. Selling cash secured puts or selling covered calls would be less risky than just holding stock.