Good questions KY!

I used to construct short guts on a lot of single stocks because the time value is near 5% to 8% of the margin requirement per month. But most of them requires repair (up and down), and because I put the range quite tight ($5 up and down), my return drops to 2 to 4% per month after repair.

After talking to other options writers and Sun, I will convert all these to ETF/holder/SPDR..those basket of stocks stuff.

I like to have short guts on XLE, USO, EEM, SPY, EWZ, OIH now. I still have those single stocks: LEH, MER, ENER, GM, C, JCP, TGT etc. When they expire in the range, I will move all to ETF. ETF does not require constant rollover, and the return is kept at 4-8% per month, most of the time.

What stocks/ETF you have now short guts on now?

Hanz

hi hanz,
thank you for your reply. i am having short guts on qqqq, spy, xle, iwm and mer.

rolled the spy and q since march, so cannot really say etfs require little rollover. :)

mer i have to roll it till oct. breached downwards the other day..... :(

yes, once the mer is over, i will go back to all etfs again.

by the way, hanz, how long have you been playing short guts?

rgds
ky

Hi Hanz,

are you from Singapore or Malaysia? Maybe we can meet up for coffee if you are in Singapore. Hard to find a full time trader that make consistent income. But I do believe I have convert 1 person to be a full time trader and more to come.

Hi KY and Dave,

I am holding a Hong Kong passport, residing in Singapore temporarily due to my project.

I stated using short guts just about a year ago. That was the time I attended Etradehome non-directional options strategy course. I like it, really. Never in my mind I could sell time for pocket money.

I am not full time trader, not yet. Probably I won't go that path until 55 years old. I like my job (too good a pay to quit, too exciting to work everyday..).

Trading by earning time decay suits me because I am too busy for projects most of the times. Options writing really suits my lifestyle because I normally entertain until midnight.

I am going to Vietnam for next few months, hope I can get good internet signal there.

All the best to all the options writers.

Hanz

Hi Han,

that good, actually when I am working I hate my job, when I am a full time trader I miss my job. Selling Options suit me because all I have to do is to wait. And it make me lazy now.

My old job require me to travel often and I really miss those life. But what is over is over. We got to move forward.

Sell Sell Sell