Have a look at this.. yesterday I sold puts against JPM, specifically I sold April 30 $120 puts, and despite JPM opening lower, the trade gained over 27% Snapshot below…
I will urge you once again to LEARN HOW TO SELL OPTIONS.. NOT JUST BUY THEM.. Allow time decay to work FOR YOU… and you do this by selling options, not buying them.
All of this and MUCH MUCH more is all outlined in my book A (NOT) So Random Walk On Wall Street.
Be careful of selling naked options for tiny credits. Expect the worst that can happen.
As a long time viewer of GM, and bought his book, I am very disappointed that he left people hanging with previous AAPL and BABA trade suggestions-where many of us lost thousands!
Not a word on how to manage them.