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Hi all,
Just was wondering if anyone had any experience selling covered calls and naked puts on ETFs (huhuhuh I love the lingo!)
I am reading a book called something to the effect of "Be your own hedge fund" and the basic premise is to sell naked puts and write covered calls at the money. Covered calls giving you a bit of downside protection as well as income and naked puts because you want to theoretically own the underlying ETFs anyway if it gets exercised on you.
The premise is that it lowers your volatility quite a bit, but you miss out on part of the large quick up swings.
Just wondered if anyone had given it a shot...
Olav
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