Comments on: “America’s #1 Millionaire Maker” – Tom Dyson http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 20 Mar 2010 16:05:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Joe Murphy http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html/comment-page-1#comment-9101 Joe Murphy Thu, 21 May 2009 21:39:27 +0000 http://www.stockgumshoe.com/?p=1389#comment-9101 I am still stuck on George Will the financial columnist! Come on, we all know Will is a sports columnist who loves baseball. I am still stuck on George Will the financial columnist! Come on, we all know Will is a sports columnist who loves baseball.

]]> By: jerry ishii http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html/comment-page-1#comment-8985 jerry ishii Tue, 12 May 2009 23:03:44 +0000 http://www.stockgumshoe.com/?p=1389#comment-8985 Elissa, Read your report on selling covered calls as well as puts on the same stock (straddle). I have been doing the former with good success, but wondered if you could sell a put at the same time. If the stock goes down, you can buy it back (same as stock rises) and sell at a lower position. Is this right? Jerry ishii Elissa,
Read your report on selling covered calls as well as puts on the same stock (straddle).

I have been doing the former with good success, but wondered if you could sell a put at the same time.

If the stock goes down, you can buy it back (same as stock rises) and sell at a lower position.

Is this right?
Jerry ishii

]]> By: mike sullivan http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html/comment-page-1#comment-8657 mike sullivan Mon, 20 Apr 2009 19:50:45 +0000 http://www.stockgumshoe.com/?p=1389#comment-8657 I just signed up. You saved my bacon.thank you thank you.mike I just signed up. You saved my bacon.thank you thank you.mike

]]> By: spreadtrader http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html/comment-page-1#comment-8646 spreadtrader Sun, 19 Apr 2009 18:40:02 +0000 http://www.stockgumshoe.com/?p=1389#comment-8646 Of course, the "ideal" way to do this (if there is such a thing) is to buy the stock "low", watch it run up a bit and sell the calls against resistance. You put a hard stop on the stock in the market just above your entry and use a margin account. This takes a bit of time and timing, but you can't lose that way. Your "risk" in the trade is the original stock investment at the time you enter the market. Another way to do this to limit downside risk if you insist on selling the call contemporaneously with buying the stock is buy a put that's farther out of the money than the call you sold. Your risk is cushioned, but not eliminated....and of course, your call option premium is reduced by the cost of the put. In the MCD example, you could by the May 50 put for .30 and you'd make .70 on the net option transaction with downside risk on the stock limited to just over 10% of the investment.........AND if you were really nimble, you might make money all the way around (including sell the puts at a profit) and continue holding the golden arches on May 16th....only to try it all over again in June. Of course, the “ideal” way to do this (if there is such a thing) is to buy the stock “low”, watch it run up a bit and sell the calls against resistance. You put a hard stop on the stock in the market just above your entry and use a margin account. This takes a bit of time and timing, but you can’t lose that way. Your “risk” in the trade is the original stock investment at the time you enter the market. Another way to do this to limit downside risk if you insist on selling the call contemporaneously with buying the stock is buy a put that’s farther out of the money than the call you sold. Your risk is cushioned, but not eliminated….and of course, your call option premium is reduced by the cost of the put. In the MCD example, you could by the May 50 put for .30 and you’d make .70 on the net option transaction with downside risk on the stock limited to just over 10% of the investment………AND if you were really nimble, you might make money all the way around (including sell the puts at a profit) and continue holding the golden arches on May 16th….only to try it all over again in June.

]]> By: Christine http://www.stockgumshoe.com/2009/04/americas-1-millionaire-maker-tom-dyson.html/comment-page-1#comment-8636 Christine Sat, 18 Apr 2009 15:19:02 +0000 http://www.stockgumshoe.com/?p=1389#comment-8636 My understanding is you can buy calls, buy puts, sell puts and write covered calls in an IRA ... but you cannot sell naked calls in an IRA. Also,My understanding is that any strategy that requires a margin account is not permitted in an IRA. Best to talk to your broker for more details. My understanding is you can buy calls, buy puts, sell puts and write covered calls in an IRA … but you cannot sell naked calls in an IRA. Also,My understanding is that any strategy that requires a margin account is not permitted in an IRA.

Best to talk to your broker for more details.

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