Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Collecting Rent -- VZ Oct 11 60/57 Bull Put

% of readers think this story is Fact. Add your two cents.

Yesterday I was speaking with a cousin of mine on the phone, in the middle of our lively conversation he noticed I was clearly distracted when I said out loud “O, wow!”, my reaction was to the discovery of some good option trading opportunities. He then asked me what I was doing, keep in mind that my cousin is not what you would call financial savvy, but I do not want to come across as a d*ck so I did my best to explain to him the gist of options trading, avoiding the multitude of options strategies, I have a hard enough time understanding the greeks so there was no way I was going to cover that with him.

So I began to explain to my cousin that options are a derivative of a stock, he quickly replied back with… “like a stock option?” I gave him the metaphor of renting an apartment, he can pay me the rent at the end of the month which I will collect (Premium) and if the going price of the apartment reaches a specific price point, he has the option to buy the apartment at that designated price. I’m not sure how well that metaphor explained options premium, how would you explain it?

VZ Oct 11 60/57 Bull Put has a 53% of being profitable, as I slowly began to fund my portfolio, VZ is one of my long position that I am using options to create a steady income. I am bullish on VZ, if price falls below 58, I will be selling calls against it. I will be posting the results in the next few weeks of how well this position/strategy performs.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.