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Anyone willing to share some options trading tips?
A couple of years ago I read up a lot on trading options and was relatively successful for a short time. I was hoping to supplement my income by quite a bit but realized I'd need to have more capital than I was willing to put down in order to accomplish my goal.
I read a recent article in either Money or WSJ about a fella who owns about $28k in a certain stock and was writing covered calls on them. When all was said and done, he was hoping to net about an 11% gain. I understand the strategy but was wondering if anyone here has been able to realize even higher profits. I don't own that much in any individual stock, only in retirement accounts which I am unwilling to risk, so I am looking for a higher return strategy.
I've never sold puts or naked calls as I believe those strategies are for more advanced traders but I now have a couple of small accounts that I am willing to risk. I trade with OptionsXpress, if that matters any.
Would anyone be willing to share their options trading strategies?
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