The Daily Put-Writer
Put-Sale Candidates and Trades on a Daily Basis.
The Daily Put-Writer is McMillan Analysis Corp.'s daily newsletter service for the avid put-seller. Delivered each afternoon, The Daily Put-Writer provides a list of the most attractive put-sale candidates using McMillan's proprietary put-writing methodology. Trading recommendations are made when appropriate and are monitored closely throughout the life of the position.
The Daily Put-Writer Subscription Includes:
- Daily Put-Sale Candidates
A daily scan of naked put writing candidates using McMillan's proprietary methodology. - Specific Trading Recommendations
Trading recommendations based on the most attractive put-sale candidates. Includes follow-up action, trading stops, position analysis, and a recap of what happened with previous recommendations (if there were any).
About Put-Writing
Naked-put writing is a conservative strategy with the potential to outperform the market over time. It offers high success rates and can be hedged against significant market downturns. Many avoid naked put writing due to perceived risk, but when secured by cash, it's actually less risky than owning stock outright and can outperform the market over time. Here are some key benefits:
- Conservative Strategy
Naked put writing is equivalent to covered call writing and is generally considered conservative. - Better Risk-Adjusted Return
The Cboe S&P 500 PutWrite Index ($PUT) shows similar returns to the S&P 500 Total Return Index ($SPXTR) with less volatility. $PUT has a higher Sharpe Ratio, indicating better risk-adjusted returns. - Hedging Potential
Put-selling can be hedged to protect against severe market downturns. Techniques such as volatility-based portfolio protection can offset inherent risks. - Favorable Odds
Statistical analysis shows high success rates for out-of-the-money put-selling. The Daily Put-Writer has achieved a 90%+ success rate in such trades since 2020.
Click here to view The Daily Put-Writer's impressive track record.
The Superiority of Put Selling Over Covered Call Writing
Naked put selling and covered call writing are equivalent strategies, however naked put selling is more efficient for the following reasons:
- Lower Commission Costs
Naked put writing involves only one commission, reducing costs compared to covered call writing. - Higher Expected Returns
Lower commission costs lead to higher expected returns for naked puts. - Ease of Profit-Taking
Out-of-the-money puts trade actively, making it easy to close positions. - Liquidity and Market Tightness
Establishing positions with out-of-the-money puts is easier and more liquid.
For more details, read the following article: Covered Call Writing: Why Cash-Based Put Selling is Superior
Satisfaction Guaranteed
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