I now have short put selling privileges for my IRA account. That is good, as it should be just another tool that I can utilize to increase my earnings. In the IRA there is no margin though and you cannot sell puts that you can't cover via your cash on hand. So, "over risking" isn't possible.
Google is way down today, however, still not low enough for my short 490 puts to be valuable, so that turned out to be a great trade :)
Today is option expiration so that's great also, as all my short options will expire out of the money :)
I don't like "earnings month" anyway. Way too much volatility for my taste. Yes, I can make more on my short puts, but I would prefer to make far less, but with less chance of 7%+ moves (in either direction) in a single day.
Stacie returns today, so that is terrific also :)
With thanks to Jesus,
Barry.
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