I help 6 & 7 figure investors make money by selling options on quality stocks. Clients made 7+ figures in 2025. Join us using the link below 👇
Joined August 2020
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Options traders often feel the need to put capital to work.
That's a mistake.
You don't need to sell puts on a stock just because its premium looks attractive.
Wait for a quality business.
Wait for an attractive valuation.
Wait for a setup that makes sense.
Sometimes the best trade is the one you don't take.
There will always be another opportunity.
Protect your capital.
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One of the most expensive mistakes in investing is chasing a stock because you're afraid of missing out.
A great company isn't automatically a great buy at every price.
Sometimes the best trade is waiting for a better entry.
Sometimes the stock never pulls back.
That's fine.
I'd rather miss an opportunity than force a bad entry and tie up capital at the wrong price.
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Options are a tool for implementing an investment strategy, not a substitute for having one.
Selling puts won't make a bad investment good.
Collecting premiums won't fix poor stock selection.
And a high win rate doesn't mean you're managing risk well.
Start with a strategy built around quality businesses, attractive valuations, and responsible position sizing.
Then use options to execute it more efficiently.
The strategy comes first.
The options come second.
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This is why I'm hesitant to start a $NFLX position even though it looks cheap here.
The fifth fastest software vendor in the world with a team of 200+ movie professionals, creating AI feature-length movies in four weeks on a $2M budget, which will likely get 10-100x cheaper in a couple of years, with AI exponentially better. Does that justify studying both, or we pretend this doesn’t exist?
teapaw.org/DrTomsLens/status/2088…
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You don't need to be right on every trade.
You need a process that puts the odds in your favor over time.
Buy quality businesses at attractive valuations.
Size positions responsibly.
Sell options only when the underlying makes sense.
Accept that some trades will go against you.
Learn from your mistakes.
The goal isn't perfection.
It's consistent, disciplined decision-making.
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I have no problem averaging down on a stock.
But the investment thesis must remain intact.
If the stock falls because of temporary sentiment while the business remains strong, lower prices can create opportunities.
If the business deteriorates, buying more just because it's cheaper can make a bad investment worse.
A lower price is not a thesis.
Know what you own and why you own it.
8. $OMDA
No position yet.
@mvcinvesting got me interested in this one.
Did some research a while ago but decided not to get in because it's not a good candidate for selling options (low liquidity, wide bid-ask).
So if I'm going to play it, I'll probably just go long shares.
No LEAPS since IV is high.
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7. $NFLX
No position yet.
@TheRonnieVShow @DCAOptimizer is showing 4X DCA.
IV relatively low so might make sense to play it via LEAPS.
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5. $AVGO
Got this idea from @TheRonnieVShow @DCAOptimizer which is showing 3X DCA.
Don't have a position at the moment.
Not ideal for selling options due to:
- low IV
- High price (not valuation)
So if I'm going to play it, it'll probably be long shares or LEAPS.
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4. $RDDT
Already own it, thinking about adding more, but we might see some downward pressure due to tax-loss harvesting into year end so I might wait a bit.
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3. $NBIS
Added multiple times in the past weeks, last time at $120, if we see sub $100 I might add more.
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2. $HOOD
Already have a small position, might add more if we see $70s again.
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Potential shopping list for next week:
1. $BE
Started a position this week on the dip, might add more on further weakness.