You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing. --- Warren Buffett

Each month, I will post a new set of option trades that you can look to make over the next month. I will focus on:

• Selling cash-secured puts on stocks that we would like to own and are approaching support.
• Covered call writing on stocks that are rallying but hitting resistance, so we can take some profits.
• LEAPs for gaining leverage on undervalued intermediate term growth ideas.
• Hedges.

Always use limit orders and set your GTC for a week or two. Review a few times per week. It doesn't hurt to check early each morning after looking at the stock market futures.

You can adjust prices to be a few nickels, dimes or quarters more favorable. When selling options, you want to get the ASK or a little higher if possible on volatility. When buying options, you want to get the BID or a little lower if possible on volatility.

(note: if any prices look funny, ask, there's usually a reason, sometimes I made a mistake, usually, it has to do with expectations.)

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