Realizing that after yesterday’s post that I did a poor job of explaining my trading strategy. So, let me try this again…

The main focus is on trading options. I want options that expire in 1 – 3 months. I am looking for a Delta of around 0.3 and high volume. Since I’m selling put options at this point, I am looking for stocks that are on a downward trend on the daily, weekly, and monthly charts. I also would like options that have decent premiums, but I am not chasing premium. My goal is to buy-to-close when the option has a profit of at least 5%.

Hopefully, that clarifies things for you. If not, let me know!

As far as trading today…

• Sell –  XELA $2.00 15 Oct Put 100
• Sell –  NAK $0.50 15 Oct 21 Put 100

Account Balance – $602.57

To get started investing, I recommend Webull (the link will earn me free stocks).

*I am not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and I am not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk.