Meet Our Readers: Brian

I’m a proud resident of Calgary, Alberta, Canada

I’ve been investing since 2002, trading options since 2008 and paper trading ICs since Sept 2010.   I use options outside my main portfolio, which primarily contains equities. My main objective is long-term growth as I’m still in my 30s. I work part-time, and stay home with my girls (3 & 5) the rest of the time while my wife’s at work.

In my mind, the most important options lesson: What goes into Black Scholes.

Biggest A-Ha moment: What IV is, and isn’t.

My most experienced strategy: Covered calls. (Can’t sell naked puts in Canadian RRSP accounts, which is where I started.)

What took me the longest to realize: It’s really hard to make money with collars.

What drives me nuts: Waiting for fills! (Though I’ve gotten better.)

Biggest fluke: Selling MFC.TO in August 2008.

What I work hardest at: Being patient.

Favorite options, right now (real $): Selling covered calls on weekly EEM.

Favorite options, right now (paper $): ICs on SPY.

What I just can’t bring myself to do: Trade on margin.

Biggest relief/Former irrational fear: Getting exercised. The police don’t actually come and forcibly confiscate anything.

Thanks to Mark for all the work that goes into this blog!

Happy trading,

Brian.

If you want to participate in Meet our Readers, please send your story, background, interesting incident – or anything else that you would care to share to blog (at) mdwoptions (dot) com.

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