if you selling cash secure puts on the stocks you love to own and once assigned start long DTE cover calls, how this is gambling?
don't you think this gambling belief with options should be changed?
NO, CSP and CC are NOT gambling.
byu/GrassSlight1695 inoptions
Posted by GrassSlight1695
6 Comments
I’m agreeing with you.
……Did I miss something? Who said that either were gambling?
I saw that post, and just moved on. Didn’t feel like arguing
Hard to get away from “day trader” aka gambling on the stock market labeling. So I like to say this…
I’m a Theta decay specialist or I work for a time management firm.
Yeah, I did not bother commenting on that post either… CSP into stocks and CCs (wheel Strat) is very fucking boring, but very stable and as your port gets bigger can become very profitable. It’s not sexy, and not a lot of traders understand it, so a lot of people downplay its effectiveness.
Yes I agree with this.