[Atxnfo]

To reduce the number of contracts are you then selling at a debit? Seems like to roll for a credit I always need to add contracts

[Atxnfo]

Thanks Teddi- I know how busy you are!

[Atxnfo]

Also:
Hi Teddi,
I’ve been using this with decent success lately but have a couple of q’s:
1) Have you tried this methodology with other tickers? Any reason why it wouldn’t be successful with other high-volume underlying?
2)Have you backtested/used this on longer timeframes like a 5 minute? curious if it was as successful
3)Do you ever trade the SPX directly instead of the SPY?

[Atxnfo]

Teddi,
Thanks so much for your advice. I’m doing well selling puts for income and avoiding assignment but I feel like I should build a portion of my portfolio from dividend paying blue chips and do covered calls while avoiding being called away (hide and seek). My question is how do you build that portfolio? I’ve been selling near ATM puts for a few months on about 20 aristocrats but they keep expiring worthless (a good problem to have lol) and I still am all in cash or sold puts. It seems like I could just keep selling puts and closing for a profit indefinitely.

I’m trying to decide when to just buy the shares but they keep climbing and now I feel like a made a mistake by not just buying the shares at the low price and missing the capital appreciation. Do you think it’s prudent to just keep selling puts until we’re out of this crazy bull run? Or do you feel that the return on writing puts is more profitable in the long run than collecting dividends, covered calls plus appreciation in the underlying? Would be interesting if there were studies that analyzed the two against each other. I thing put selling could be better as it could be done without any losses if you’re smart and follow your trade repair strategies.

[Atxnfo]

Teddi, I’d like to understand how you pick the long strike. Many times the strikes are too expensive close in and to get around .10 or so like you usually do is a really big spread. Do you have any rules of thumb you use to pick the long strike? I’ve been selling naked puts but I’m afraid my luck will run out and I’ll get killed by something falling like a rock and I wont have insurance.

[Atxnfo]

Teddi,
Love the Building Wealth explanation with T and the BB + slow stochastic combo. Question: Do you ever use this strategy with the inverse? I.e., sell puts when the price closes below the lower band and then shows an increasing stochastic after being oversold and moves above the lower band with increasing volume? Seems like you could follow the yo-yo by selling calls as price falls from the top BB, then close the call and sell puts as it leaves the bottom band on the way up assuming increasing volume.

Thanks! Learning so much from you!

[Atxnfo]

Thank you- look forward to it!

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