WRITING TRADED OPTIONS for income

-- Hectorp

After all writing options is a medium timecale activity.

Hmmm, is it?
Or is it more related to possible Risk, forget the timescale.
As I see it, at the present time the main Risk is a rise in IV.
This will hurt all Option Writers, but maybe not the Option Spreaders?
Selling Naked April Straddles will cost you dearly if IV rises.
Look at some of the available Calendar Spreads, cheap or what!

You can buy the BP. Dec04/Dec05 500 Put Calendar for less than 20 pence, if Bullish on the Stock.
Apply a 10% increase in IV to that and you're set for at least one or two Rolls at decent Credits in the next two years.

Oh yes, we are an impatient group of people aren't we!!