Sold one put today for FCEL at $23, they paid me $185.
So, I essentially lent someone 2300 for 2 weeks and they paid me $185. Plus, I may have the opportunity of buying FCEL at a GREAT price. It's sort of like loan sharking, getting an 8% return for 2 weeks. WOW. I had not appreciated the value of the 8% two week, compounded over a years time frame
I'm still buying stocks low and selling high, I get really GREAT returns there as well.
But you have provided me with a safety net. When the market does its volatile thing, the shorter time frames are like a safety net, especially combined with the ability to do covered calls. That will be very important over the next few volatile years.
Lots left to learn. Glad to have such a great teacher.