The Hidden Danger of Selling Options for Income
When volatility drops and markets trend higher, income traders can get lulled into dangerous complacency with their options trades…
Founder, The Opportunistic Trader
Larry Benedict is a 40-year trading veteran. Starting from the pits at the Chicago Board Options Exchange (CBOE), Larry grew his skills until he was running a world-class $900 million hedge fund – where he regularly traded position sizes in the millions of dollars. He even went 20 years without a single losing year… putting his hedge fund in the top 1% of Barron’s rankings.
That’s because, from 1990 through 2010, Larry’s hedge fund never had a single losing year. (It wasn’t until 2011 that he had a losing year, and even then, the fund was down less than 1%.) In 2008, when the financial world was in upheaval, Larry and his partners had their best year ever, making $95 million for their clients.
Now though, Larry fully devotes himself to bringing his trading secrets to everyday investors – with actionable, profitable options plays and other top-level strategies that made him a massive success.
When volatility drops and markets trend higher, income traders can get lulled into dangerous complacency with their options trades…
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