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sluttyseinfeld t1_jaa9prr wrote

Reply to comment by Bxdwfl in and I wouldn't change this system for the world. by moonyou22

Not free but selling options really is a great way to make money if you know what you’re doing since time is working for you. Selling naked is just regarded but nobody with multiple brain cells does that.

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suasposnte187 t1_jab1xfr wrote

Im not disagreeing with you that selling naked options is asking for trouble, but I will say that the entire Tastytrade strategy is largely based on selling naked.

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They call in "undefined risk"...which sounds a lot safer than "naked short option"

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SokarDaGreat t1_jablf0d wrote

Yeah but even Tom doesnt do it like a dumbass you can look at the majority of his trades he makes a day and its always 1-2 contracts. He is never selling dozens of contracts per ticker at any given point. You can watch his trades and see him get assigned and then the next day he either sells the stock or sells covered calls if he is down. If you actually are 100% disciplined and follow Toms advice, watch him and that one guys vids explaining strategies, markets, and everything else that goes into being a successful trader then odds are you will come out on top in the long run.

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Camel_Sensitive t1_jac0nqk wrote

Nobody that knows what they're doing sells options because "time is working for them."

Good traders sell options because they're overvalued. That's it. If the time component of an option isn't overvalued, you won't make money over time even if you ONLY sell options.

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