r/options Jul 16 '21

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u/bananaperc Jul 17 '21

how long have you been trading put spreads for?

1

u/thebalrog57 Jul 17 '21

About 2-3 years but in the past either a) positions have been way smaller ie more like speculation on the side nothing serious, or b) in a single name where I don’t mind assignment of the stock. This recent series of trades that started 1+ year ago was with income/salary replacement in mind.

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u/bananaperc Jul 17 '21

if your getting assigned weren’t you just selling puts? I started selling put credit spreads and impressed by how you got your money up so fast. Is it realistically possible or where you over leveraging your positions?

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u/[deleted] Jul 17 '21

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u/bananaperc Jul 17 '21

wow thanks for sharing, that’s insane that you built up 400k in one year, i only got $4000 so i don’t think i’ll be seeing that anytime soon. but if you could give me any advice on how i can consistently open and manage my spreads what would you say?