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I prefer to sell options rather than buy them. I don't really follow companies close enough to want to take a chance on predicting what they are going to do. On occasion I have bought some Calls or Puts but mostly on indices.

I'd say about half the time I hold options to their expiration. I prefer to close them before their expiration and capture at least 50% of the premium I got. To me 50% of something is better than 100% of nothing or making a buck sure beats losing a buck.

You said you buy Puts when the stock is on an upswing. That's the best time to buy Puts. Have you considered selling them when there is a downswing, as long as you make a little? That would be my strategy. I would probably figure out how I could sell some contracts at different times to at least break even while holding some contracts to expiration.

I'd be interested in hearing how you do. Maybe I'll paper trade with you. Do you mind giving me an estimate number of contracts you have?

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