Thread: Side Hustle
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Old 12-18-2020 | 08:27 AM
  #368  
gmanpsu
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Originally Posted by Seneca Pilot
I wouldn't risk my retirement account on any put plays, especially naked puts. Covered calls would be my retirement play. Covered calls can really juice up the returns.


Naked options are for play money.


Ask him:

Hedge Fund manager James Cordier apologizes after losing almost all of his clients money - YouTube


Or her:

Karen The Supertrader from Tastytrade: Is Karen Bruton the Supertrader a FRAUD? - YouTube
Selling cash-secured puts on companies one wants to own, compared to naked puts on the SPX (what Karen was doing), are two different animals.
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