Danger Ahead!

Before following any of my trades or anyone else’s, understand the Risk.

When selling a cash covered PUT I understand that I am agreeing to purchase the stock at the strike price, REGARDLESS of how LOW it goes beyond that strike price. For example, if I sell a $10 put on a stock while it is trading at $12, and the stock price plummets to $1, I am obligated to buy it for $10 even though the current price is $1.

When selling a stock covered CALL I understand that I am agreeing to sell that stock at the strike price REGARDLESS of how much higher the price moves above that strike. For example, if I sell a $10 call on a stock trading at $4 ,and overnight the price jumps to $20, I am obligated to sell it for $10 even though it is now much higher.

Please do your due diligence before making any kind of trade in the market, and fully understand the risk associated with the trade.

May you find Peace in this world. John 14:27