Google GOOG Straddle 8.6% Return Per Month

How Do I remove a Video. Correction. Don't buy shares to sell a Straddle. See how We set up a Straddle on Google. Get 8.67 return per month or more. $ 3,040 per contract on this one. This was done at P.F. Changes. Google has been going sideways for 3 months. Perfect Straddle Stock. Note Buy Insurance in 2nd account for insurance. Be safe Trade Safe.

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• GOOG
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[davecir123]

I'm gonna go out on a limb here and say that selling straddles on a stock that can move like GOOG can put a hurtin' on your portfolio. First the cc and now the short straddle? DANGER!!

[affluence8]

How Much does that position pay for this month? Have you done that position personally?

[davecir123]

GOOG has moved 30 points lower in less than a week!! This will hurt your short strangle position in a big way, this is a risky position and thats why I mentioned the protection of buying the next month straddle. Do I trade this position personally, selling stradle and buying the next month straddle? No, only because the risk graph is exactly like a double calendar or double diagonal, both of which I like when the volatility is low.

[affluence8]

That is correct and I only further mention that GOOG wont move 30 points every month. That'

s where we get way ahead of the market and make consistent cash witting options month to month year round. We reign over our positions. We rule the Market and we live to tell about it.... And BTW, I DO preform these positions in my own accounts... Peace.

[shawnjeka]

hello i was following you but i lost you after a while i understand about selling options b ut i lost you on the straddle . if you dont mind can you just explain to me please thank you. are you located in ny?

[affluence8]

You call our Broker and tell him you are gonna sell a straddle on google (GOOG) at the Money at the Market. It pays well though you are responsible for the move of the stock . So, premium say $ 3,500.00 per contract minus the move of the stock say example 20 points.$3500 Minus 20 points ($2,000 ) Profit $ 1,500.00 in this example. Have 100% of the money required to buy the stock to do this position 41k. So you don't go into margin. Peace.

[hollymatterson]

I have currently sold since yesterday two deep in the money Jan 12 calls and puts on LVS. I have sold a $20 call and a $70 put. I don't make any money no matter how the stock moves but I do collect the premium at the expiration at the end option. I have short sold the options so I have put up less money. I never knew your could do that. Only way I could lose money is if the stock price goes up over $95, But I also get a windfall if they declare bankruptcy. ($10 to be exact.)

[kiginsberg]

You are selling a strangle, not a straddle. A straddle would have both strikes the same, a strangle has differing strikes.

[davecir123]

correction: i don't sell the 'strangle and then buy the next month straddle'.....

[davecir123]

you may want to consider the following...if you are selling the front month strangle, you could protect yourself with a purchase of the next month straddle for protection.

[affluence8]

I have been doing this myself in GOOG for many years. If you are selling options on high paying premium stocks you will outperform the market over time. Thanks though for the contrast. Peace.