You Like Facebook? Here's An Unofficial Trade

An Unofficial Trade Hello Smart Option Sellers! As the stock markets continue to churn higher, we're somewhat left on the sidelines waiting for smart put-option selling opportunities to arise. This has been a recurring theme for us over the years - the stock market refuses to give us even the slightest pull-back that lasts for more than a few days. Pull-backs are our go-to scenarios for jumping into great new trades. Why? Because we thrive on panic in the markets. When markets drop, volatility rises. And when volatility rises, it makes put options more expensive. This not only allows us to get more money when we sell the put options, but it allows us to go deeper out-of-the-money on the strike prices we choose, which gives us even greater downside cushion. All in all, pull-backs are a win for us. But during these never-ending rallies, it makes finding quality put-sell trades a bit harder. Some of you write to me about wanting more trades from time to time. Believe me, I would be more than happy to oblige. You think sitting in front of these screens all day, scouring for new trades, looking at countless stock charts, only to come up with nothing is fun? Heck no! But, one of the worst things we can do for our portfolios is to force a trade where no trade exists. Just because we may be bored and feel like we should be "clicking the mouse" to make a trade, is one of the fastest ways to give away our money. Don't do it! We are very conservative and safe with our picks and I won't compromise on that. The trades will come, don't worry. We're coming up on earnings season a