California E&S Insurance

There are quite a few practitioners of volatility selling that blog about it, and some run funds / managed investments that execute the strategy on behalf of their clients. Most of those people are doing better than me, and some consistently return 20%+ / year. If you do some searches and dig in, you'll find there is a nice underworld of people who live by selling volatility, many of whom are doing much better than me. Where I learned most of it was from a blog of a Canadian lady who had been trading options since the 90s when options on markets were barely a thing. She consistently was 18%+. All of her content was online for free and she kept a record for 5 years of every trade she made. Studying that and reading books was enough to learn a basic algorithm. Reading books and then experimenting with different types of options and structures is where I came up with my own approach. I did a search for her blog, and her name is slipping my mind. but nothing came up after a search. I remember checking in on her about 5 years ago and she had paywalled most of the content. She was in her 70s, so hope she is doing well. Her basic strategy was very simple - she sold out of the money puts against 10-15 of the world's highest quality stocks. She combined this with some technical analysis to ensure that she waited until the prices made sense for her to sell the puts. If for some reason the puts were ever exercised, she loved owning the stock because it was a high quality, dividend paying stock. She might sell some call options against that stock to generate some income. Eventually the stock would rise and sell for a profit. If the put options were not exercised, she would sell some more further out in time for more premium. She did this with cash-secured puts. This model wasn't for me, as it did require me to pick high quality stocks which I am not good at. And the technical analysis does mean that you have to choose a good price to get into (another thing I am not so good at). Strangle selling indexes with leverage is a lot like her approach, just adapted in such a way where I can avoid having to make an assessment of stocks or price direction.

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