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CME Group Inc. Message Board

  • bigdaddycass15 bigdaddycass15 Jul 1, 2013 1:33 PM Flag

    my strategy on selling naked puts

    when you sell a naked put it gives someone the right to make u buy stock at a set price and date. I sold jan 2014 $425 at $35 so if the stock is below 425 i have to pay that price if it is above i keep the $35. I usually pick a price where i feel there is support or where i would like to get long 425-35=$395. I got my #$%$ handed to me in 08-09 when the market crashed but i am a gambler and its a way to get long at a lower cost or you collect an ins premium from people protecting their downside (the put buyers) hope that is clear?

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