Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi whatsup1

If your still around on this board... I have a bunch of questions.

Are you still living off put options?, and is this your exclusive means of income?

I'm not asking your nest egg, but how much capital does one require to do this and live of the premiums? I assume you are backing every put with cash, so if I held $500,000 writing puts against it, at 24% annualized you'd earn $120,000/yr in earnings. Correct?

Do you write puts exclusively in your IRA and then draw your income from it? If yes, then are you not paying a early withdrawal fee because you are not yet 60?

Do you have a top 5 or 10 list of companies you write puts on?

Thank you
Russell (50)
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.