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Showing posts with the label Options

Making Friends with the Goose

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Disclaimer: I am not a financial professional nor formally trained in any way. The information in this post is designed to inspire, not direct you. I highly recommend working with a financial advisor, like my amazing one, Josh Collier , when dealing with your family's investments. Image credit: Gemini and me  There was once a Countryman who possessed the most wonderful Goose you can imagine, for every day when he visited the nest, the Goose had laid a beautiful, glittering, golden egg.  The Countryman took the eggs to market and soon began to get rich. But it was not long before he grew impatient with the Goose because she gave him only a single golden egg a day. He was not getting rich fast enough.  Then one day, after he had finished counting his money, the idea came to him that he could get all the golden eggs at once by killing the Goose and cutting it open. But when the deed was done, not a single golden egg did he find, and his precious Goose was dead. ( The Goose W...

You wouldn't Run around Naked. Your Options Shouldn't Either!

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Disclaimer: I am not a financial professional nor formally trained in any way. The information in this post is designed to inspire, not direct you. I highly recommend working with a financial advisor, like my amazing one,  Josh Collier , when dealing with your family's investments. Image Credit: Gemini and me ;)  Last week I wrote a post sharing about what I had learned about covered call options. It was written from a place of naivete and may have caused some of you concern because of that. Sorry. Since then, I've learned more, A LOT MORE. Yes, I read through the 96-page  Characteristics  and Risks  of Standardized  Options  document and several other blogs and websites and my eyes were opened. I found out that the covered calls that I had been learning about were just a tiny corner of this vast arena known as options trading, a corner that I'm pretty happy staying in.  I'm a learner, a researcher, and as I read up on covered calls, I found out...