Thought I'd bring this over here since nobody on CB was interested
 

Thoughts on this strategy? BYU71?

http://www.cougarboard.com/noframes/...tml?id=2761806

I thought it was interesting.
 

My thoughts on various strategies is you have to stick with them. The one you mentioned is a good one. I use stops to limit my downside, however if I really like a stock I buy more as it goes down because I think I am smarter than everyone else.

Personally I have hit the age and energy level where I find good money managers, give them the money and monitor over time how they do against a peer group.

I find in my job I have to measure my clients nature and structure their investments around that. Some of my clients would go nuts everytime a good stock got called away in your scenario. :)

My bottom line is if you have a strategy that will get you reasonable returns, stick with it and don't get emotional. If a person has a strategy that is going to way outperform the market, I just hope they don't tell others and take them down too.

Old Man Meanie was an accountant for 30 years with Price Waterhouse. Now that he's retired, he just trades all day. He loves to regale me with tales of his option strategies, covered calls, all that stuff. I never understand half of what he says. I'm just hoping he knows what he's doing and increases his net worth so maybe some day I can get a little of that gravy.

What I like about the kinds of options strategies I employee is that they are "active trading" but not "day trading". I basically do my analysis and plan any changes in positions, new positions, etc. in the evenings and if needed, enter some limit orders and that's it. And usually not even every day.

I spend maybe 5 hours a week on trading.

FM,
When do those puts you buy expire typically?

Usually the same as the calls I sell. I don't like to spend much on the puts so there is usually too much time value in puts that are farther out.