So....these recent weeks impacting my strategy

[captainccs]

@dlbuffy

What are people doing when they have to change up their process and still want to make some income each month or so?

I no longer need to change my process! I stopped selling puts years ago after some bad experiences. Over a year ago i added a Covered Call Roll Selector to my trading WebApp. Now my covered calls follow the underlying’s volatility, UP or Down & OUT. I posted about it at METaR.

It’s a paradigm shift. Traditional stock market investing is about stocks with options playing a secondary role. By focusing on rolling the call options, up and down, the focus is no longer on buying the best stocks but on generating the most income. Traditional covered call lore suggests that one should not risk LTB&H positions by using them for selling covered calls. The paradigm shift makes LTB&H positions the best underlying stocks for covered calls. So far it has worked out very nicely. See the details at:

Revisiting the Covered Call Selector and the Covered Call Roll Selector

Conventional Wisdom I now have a year’s history rolling covered call options and it’s pretty darn good. More important, it trashes the accepted wisdom about covered calls. Just three years ago we had a thread discussing the accepted wisdom: And a cautionary tale: Once you combine picking the best stocks to sell covered calls on with the best roll trades the above the conventional wisdom no longer applies. The history of the Covered Call Selector It started with a simple spreadsheet and ov…

The Captain