vitalsign0

Just 1 Put option per 100 shares. Then roll the Put option every 30 days. I ran AAPL through CML's Trade Machine backtest and the Married Put produced 3x the return that a Covered Call did for the past 2 years. I only think Covered Calls are good in retirement for producing a dividend like income on shares you've held for a long time.

I've run a few backtests and a Married Put will usually perform a lot better than a Covered Call. Married Put = buy 100 shares of stock + buy 50 delta Put 90 DTE. This gives unlimited upside potential and limited downside risk. Worked much better with AAPL than a Covered Call over the past 2 years.

I've been trading options for 5 years and the first 3 were not profitable. Only within the past 2 years have I made any money. Trading options is the hardest thing I've had to learn, which is partly what I like about it, the challenge. The hardest thing I've had to learn is patience. The Steady Options service was a critical part of learning that. For a long time I was addicted to selling at a loss out of panic. If you just want to make money, go buy the SPY and enjoy other things in life. Options trading is extremely difficult. Services like SO will help you learn, but will not guarantee you money. Although I have made money using the service and following the trades.

They do, $5 for assignment\exercise. Because of that I do covered calls in an etrade account.

I was watching TastyTrade Live today and was shocked at the portfolio of Nick and Jim. Neither have large account at they are down a ton. Nick who is a relatively new trader is down well over $10k. I don't understand this mentality of sticking with what doesn't work no matter what. This was me at one point too, I've never had a green year using TastyTrade's "mechanics". It's a bit blurry but Nick was selling Strangles in /CL in a relatively small account. WTF? Jim: Nick: