Seems like SPY and DOW are consolidating.
If anyone got RM 100,000.00, you may earn monthly or quarterly income by writing options.

why need that much, RM100K, to write/sell options ar?

here comes the oil menace!

US crude inventories rise by 10.9M barrels, more than expected

because once having this money, you can buy ETF shares and earn premium by writing options through monthly or quarterly. If having less than that, your position might be closed automatically if the stock price hit your option's price as the broker afraid you don't have the amount of money to be assigned with the stocks.

er.. what about doing selling verticals or credit spreads instead for less capital fellows?
spread of say $1 to $2

well, can try to do that also, but in the US market currently, the credit spread of $1 to $2 quite hard to find (depends on your search/screen criteria).
Example the stock/ETF is bullish and the current value is $205.80
You do a put credit spread by selling $203 and buying $202 for $1 premium.
Your risk is $1/options.

If the stock/ETF price lower than $203, your broker will start to remind you to put in more fund into your account, in case it expires below $203 and you get assigned, means you are obligated to buy at $203 per share. Some broker will close your position if there is insufficient fund in the account.

-Holds zero interests in this lair

This post has been edited by Brother J: Jul 14 2015, 12:11 AM

Especially if writing naked options

ah.. so..
then if i pair my $1-$2 verticals/credit spread SPY
with a contingent order
to close the pair of orders if SPY goes above/below $XXX (before the strike price is hit)
then the brokers won't hound me + i won't get assigned

er.. above approximately right?
thanks for helping me clarify

Yeap. It is true. But it will hurt your account due to the brokerage fee.

You're welcome. I am still learning too.
This is what l have experienced previously after attending to the workshop saying that you can trade with small account. It is true though but the with certain limitation.

-Holds zero interests in this lair

This post has been edited by Brother J: Jul 14 2015, 12:11 AM

looks good, looks better than this one:
http://www.sgxniftydowfutureslive.com/inde.../DOWFUTURES.htm

qualifier - i m 2 x amateur.

To be honest, your link is better in terms of efficiency. Since the price keeps updating every sec across major markets. Whereas investing is catered more towards visualization perfection, only one or few prices jump every sec.

I am also an amateur, learning everyday from everyone.

same trend again.
dows open at slight green, but in less convincing direction, with health and biotech leading the pack with +>0.5%.
will it be trending down near close again today?

lack of leads, pretty directionless...

think i'll go sleep by 11...

flat...

but 2nd half surge up already....still bullish

ya, 0.3-05% increase in wealth can do!

except oil/energy, market been up tiny bit by bit 4 out of last 5 sessions.

looks to me it's wanting to breakout bigtime anytime now. i'll be alert.

This post has been edited by AVFAN: Apr 10 2015, 10:56 AM

XLE keep pushing higher.. no matter what they say about Oil inventory and topping out.
$80+.. ka-ching here!!

energy and oil r back in discussions? This time seems more +ve. Sounds good for the brave hearts n bad for the 'financial terrorists' (shorters).

This post has been edited by mikehwy: Apr 10 2015, 01:21 PM