$NANO Nuclear Energy (NNE.US)$ I'm really surprised that thi...

Salmon Klein : finally uranium is moving after my calls expored

10baggerbamm OP Salmon Klein : that's the problem with options you can be right about the underlying sector or stock but wrong about the time. most of the option positions that I do I will sell naked puts or I'll sell covered calls. that's probably 90% of the time and only 10% do I actually buy calls

Salmon Klein 10baggerbamm OP : how naked and covered works? you mean like margin buys?

10baggerbamm OP Salmon Klein : no naked is to me no different than if you say I want to buy ABC company below the market so let's suppose ABC company is $30 presently and you say you know what I'd really like to own it at 28. so I sell it put it $28 I go out two weeks a month a week whatever it is I collect that premium it gives somebody the option to put me that stock at any point in time if the security falls through the strike price I've been put stock when I'm at the money or slightly out of the money by I'm at normal levels 10 cents $0.12..so you need to have liquidity in your account to cover and depending upon who you use you might be at 30% maintenance requirement for the naked put when it's out of the money and it may go to 50% when it's in the money.

10baggerbamm OP Salmon Klein : my suggestion is on MooMoo on YouTube just watch some basic educational videos on understanding options you need understand terminology first and foremost because if you're speaking to somebody at a brokerage term and you have a question about a position if you don't talk their language you're not going to get an accurate answer so the terms in the money out of the money at the money naked put naked call straddle you need to understand the terms. you need to understand when they should be used and you need to understand the exposure to risk and how to minimize risk by using options