Selling Naked Puts on Dividend Stocks, page-9

Thats true, I did suggest reading up on it so people would learn the risk/reward etc.

With the Naked Put that I did on FMG, The Options are paying a premium right now,

So it was a 6 week exposure. and based on getting Put. The next objective would be to sell a Call option.

If say FMG dropped to 3.70 on the day after I was Put. Then Id be trying to sell a longer dated call at 3.50 or lower.

Trying to get a yield where the total recieved gave me my $4.00 back plus some.

If FMG at 3.70c Id be trying to sell a $3.40 call at 65c or so.

Or a $3.50 call at 60c, thats with the stock at $3.70