Recent content by Mr Schmitty

options levels Fidelity is my broker may be different other houses. See below Level 1 Covered call writing of equity options. Level 2* Level 1, plus purchases of calls and puts (equity, index, currency and interest rate index), writing of cash covered puts, and purchases of straddles or...

thx, actually im doing cash secured puts like you mentioned, so I should have called it that:)

Do any of you have experience writing options for retirement income? I did it for 4 years supporting 100% of my expenses. If so I would like to learn what strategy you used. I tried several but found covered calls/cash secured puts are the easiest based on risk, profit, etc. Thx in advance Mr...

sounds like youve got half the battle won Making the money. Now the hard part, keeping it:) Im in a similar situation(not as much assets but enough for me) and am looking to take the leap. Who have you met with to work your plan?