June 2014 trades

My June 2014 E mini S&P trades:

Sold:
Aug 2014 1810 put
Sep 2014 1730 put
Aug 2014 1640 put

Bought:
Aug 2014 1840 put

Disclaimer:
This is purely for educational purposes and not trade recommendations.

The beauty of selling put options

Selling put options proves to be a profitable way of trading compared to what I did previously!

The flexibility of this technique coupled with the risk management of it make it a very attractive strategy for someone who has never made any real money in the stock market like myself. 

There are many ETFs available.  Go for those which are high in liquidity and thus low spread between bid and ask prices.  For example,  the SPY, QQQQ, IWM, etc.

In selling put options,  remember,  you just want the underlying ETF to stay above the put strike price which you sold the put option, to make money. Sounds easy?  :) perhaps.

If you know technical analysis,  great!  Sell put options below the support line to give you that added edge.  Else not to worry too much, try aiming for around 10% below the current price.  You may have to sell 2 or 3 months out.

Wild dreams