Selling naked is not my thing. I don't want to be on the phone everyday 3 or 4 times. I'll own and sell a call or two a little out of the money when the stock goes above my original purchase price. If it drops back down after the expiration I'll buy it back. Or keep it if it isn't called in. Or maybe even buy if it goes up after the expiration if I lose it. Depends on the stock and depends on the market at the time. I sold Norfolk Southern 5 calls deep in the money at $45 when it was up around $75 before the big crash in 08. Did ok for about $3000 but was lucky as hell. And didn't lose the stock! That's how bad that market was but I don't think I need to tell you that. I looked at Google at $500 one year out (what's the name for that) when it was at $240 on the open market but didn't have the guts to go that far out. I forget what they were giving but something like $19 or $20 per share or more. It was nuts!!

One thing that you have to know is that the possible risk on writing naked calls is unlimited. You can limit this risk by purchasing the underlying security or purchasing a call option to hedge. You see, If you sell a naked call option, you are selling the obligation to sell the underlying security at a pre dedermined price. If you sell an option on a security with a strike price at say $.536 (MTLQQ.PK last price) the company could come out of bankruptcy between now and the expiration date which is the friday preceeding the third saturday of the expiration month. If the price goes up to say $5, you have to sell at $.536 and buy to cover on the market at $5. On a standard option, your loss in this case would be $446.40 not taking into account any commission or premium.

The security is no longer listed under GM but rather Motors liquidation. They're in bankruptcy and currently trading under the symbol MTLQQ.PK.

So give me a deep in the money sell call on GM for sept. Or advise me on it. LOL

I'm not an advisor. I place trades.

A licenced securities broker? Where are you? YOU SHOULD BE BURNED AT THE STAKE..(just kidding). Hey I didn't block you as you said in comments. Do you mean that I have disabled comments on my page? If so then yes, I don't like to waste the space since I don't have videos up and don't care if anyone would consider me to be a personality which I do not want. It certainly isn't personal

Well, I don't write company manuals. I don't write resumes either. I am a licensed securities broker. Doesn't it seem funny that you are trying to argue economics with someone who is in the industry? Doesn't it seem funny that you are trying to argue politics with someone who hass a degree in that field.

I don't think St Joseph's University in Phila needs my endorsement. I write company manuels. You write resumes. lol

or even a glock 30 .45 acp there really good i used to own 1 there really accurate and reliable..dam goverment fcked me with it

glock 22 40 cal...i got 2 of them...i love them...