Bobbie 7:49 am on Thursday, August 25, 2016

Has anyone here read the…

Has anyone here read the book Profiting From Weekly Options by Robert J. Seifert? He talks about selling bear calls & bull puts options with a delta of 60/40.

thomberg1201 8:04 am on Thursday, August 25, 2016

I’m not familiar with it, care to fill us in?
- Bobbie 8:13 am on Thursday, August 25, 2016
  
  I’m not far enough along in the book to do a detail discussion. I was hoping to find someone here who has read it. I’m testing it in paper money.
tabortrader 9:53 am on Thursday, August 25, 2016

Variations on Jeff’s 25 spread/10 delta theme “Trading For Income: Make Money With Non-Directional Traing,” by Suz Smith, The Street, posted by Options Bistro member, like to give you credit but not in my notes. Smith uses 25 wide, 100 points from underlying, 20 to 50 days out with 2.10 premium capture, not always there, but it’s another way of looking at it. Haven’t put any money on this one yet, like smaller contract total than 10 lots. It’s a good process article also.
http://tinyurl.com/juzf6tm
- fuzzballl 9:59 am on Thursday, August 25, 2016
  
  Thanks! I remember her putting something out back in the day. Great refresher…
- Bobbie 10:00 am on Thursday, August 25, 2016
  
  Thank you tabortrader! I use a smaller contract, usually just 1, also.
  - tabortrader 10:04 am on Thursday, August 25, 2016
    
    Now doing 2 contracts after getting comfortable with one…pretty much follow Jeff’s “b(u)y laws.”