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The Complete Guide to Option Selling: How Selling Options Can Lead to Stellar Returns in Bull and Bear Markets, 3rd Edition by Michael Gross, James Cordier

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18

How to Structure Your Option-Selling Portfolio

Tips on Building Your Premium Ladder

I had a friend in college named Chip. Ever since I knew Chip, he was perpetually disorganized. Shortly after we graduated, he called me one day and informed me he was coming to visit me in Florida (he lived in Pennsylvania). I assumed he would call me back to set a date or get directions or make some kind of plan for his visit.

Five days later, Chip showed up at my front door.

       “How did you get here?” I asked half-bemused, half-perplexed.

       “I drove.”

       “Did you have a map?” I probed.

       “No,” he responded.

       “Then how did you find my house?”

       “I kept stopping and asking directions,” he replied quite matter-of-factly.

        ...

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