WRITING TRADED OPTIONS for income

-- badtime

Re: Selling Dec05 Options.
Not sure of the sequence but I think the next Furthest Out Month after Dec2005 will be June 2006. I assume this will be tradeable in about six months time, as the Dec2005 series has just come out.
So I think you get Dec05 then Jun06 then Dec06 then Jun07 etc.
If I'm right, you get to Roll once or twice a year... geddit?

Not sure if there's mileage in this sort of trade, but it intrigues me!
The huge "Credit" recived must go towards the margin for the trade, unless you use the Credit in some other Trade that also covers the margin??

If Lloyds gets closer to 300 or 650, then the Roll to Jun06 gives a good Credit.

One to ponder I think!