getting aggressive here...

[wallstreetsedge]

going to start getting aggressive with the financials. as some know, i usually only buy calls or puts. but with co's like C, MER, AXP, MS.. heres what im doing and suggesting.. selling calls on decent up days 1-2 strikes up and on good down days, sell puts 1-2 strikes down

ie... C look to start selling 32.50 calls and as it falls, rather than buying back the position, id say sell the 20 puts

the financials are going to be relatively flat on a broad range but youll see big swings in 4-5% moves which is why i suggest upto 2 strikes depending on the situation.. use your own judgement and caution

its a great way to make money on both sides rather than just trading the security or options

[Rambis]

good idea.

lets all start selling puts on a bunch of stocks that are down 20% in the last few months. can't wait to be rich.

[Rambis]

also an interesting notion,

to go short on an uptick and go long on a downtick,

of stocks that are clearly trending.

why mess with selling volatility on these?

[netwrangler]

good idea.

lets all start selling puts on a bunch of stocks that are down 20% in the last few months. can't wait to be rich.

also an interesting notion,

to go short on an uptick and go long on a downtick,

of stocks that are clearly trending.

why mess with selling volatility on these?Rambis, you have real promise as an OTF member. :D

Welcome to the forum.

BTW: As a long-term Lakers fan [I saw Elgin Baylor play] I love your persona and avatar.
Kurt Rambis was a role player who got the job done when called upon.
I always enjoyed watching him play.