Hi Friend,
It’s important as option sellers to remain grounded as stocks go up in value. The last thing you want to do is start writing cash secured puts on companies that have become overvalued. The past few months have been pretty easy for selling puts because of low valuations. It certainly gets more complicated as values go up and we seek out the same type of risk/reward.
I encourage you to really scrutinize the fundamental value of each position you are considering for options. Make sure that it is not only a position you’d be willing to hold long term if necessary but also willing to buy at the current price. Sometimes great companies can trade at bad prices. We just want to make sure that we don’t fall victim to that during our options selling journey.
There are still opportunities in the market and a pullback could be near as well. One of the things I do is only sell contracts on fundamentally undervalued stocks. This doesn’t fully shield me, but often protects me from a huge downward move that the overvalued positions tend to have sometimes.
I created a service in which I personally share undervalued positions I like each week. This has led to great returns and success rates for myself and fellow members and I don’t mind letting you try it completely FREE…
This is how it works:
Sign up using the button above (account set up will be emailed to you)
Receive a 7 day free trial
Cancel anytime before the free trial is up and you will not be charged. (cancel using customer service email on website)
If you enjoy the membership you will then be billed at $28 per month
I believe in what we are doing at Options Premium Group so much that I am absolutely willing to let you try it for free.
Looking forward to the trading days ahead!
-Caleb
Great news about the free trial, Caleb.