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Friday, August 14, 2009
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This blog site is to chronicle my transition from a landlord of real estate to a landlord of stocks. In addition to renting real estate I now also rent stocks to others through the use of Naked Puts and Covered Calls. This is called options trading. I have been able to collect rents of between 1% - 8% per MONTH by renting out the stocks that I own and in some cases even before I own them. The best part is I don't have to deal with ANY tenants or ANYBODY's Problems!
Thanks for posting this... This trade looks really good... $AEM is not on my radar, but I think even the Nov-09 $50 puts look good too at about 3.30... CC and NP are really speaking to me more lately, and also that I have had much more turbulent trading with other strategies....( I did a SEP-09 $18 CC (at .61) on BAC that I bought this morning at 16.72. ) I like the blog description at the top as well.... "renting stocks..."- That's great.
ReplyDeleteThanks for your kind words.............I agree with your assessment of CCs and NPs. Those are the only options that I do.
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