A Comment -- General Comments From an Expert (A Commentary)

Options. If you write them every month and they expire on Saturday, do you wait until Monday to write a new option? If he knows he is not going to be exercised by the last hour on Friday, he will rewrite on Friday because he'd rather pick up those extra 2 days of option premiums over the weekend. If there is any question, he’ll wait and rewrite on Monday.

Options. If you either don't get Put or Called or you do, do you go back to the same stock? There are a number of stocks that he likes and he can see where the earnings momentum is, and he knows what the option premiums are, he tries to write them when they are down. He won't always stick to the same name.

Writing a covered call on a stock where you are underwater 10%, would you go more than one month in order to make some decent premium? Never think about getting even. If you lost 10%, you have lost 10%. Every position, think about it as though you just bought it.

Natural gas? Doesn't like natural gas because there is too much of it. With all the new finds in shale gas, it is great for us because maybe we become energy independent.

Writing covered calls and writing puts simultaneously on bank stocks during high volatility times such as 2009? Doesn't like this strategy because you expose yourself to a massive amount of downside risk. This means you are calling the market.