spotted BABA up pver 3% in pre-market, had a feeling we might be selling. I got a 23% gain, my timing was behind yours on the buy and just a tad off on the sell as it lost some tenths of a % from where you sold versus I. Greg, this call was perfect example of your talents.
Excuse me, im quite new to options, but how did he bought at 250, sold at 254, and got 30% profit? And can I buy regular stocks instead of options (Since INBR dont let me trade options yet)? Thanks!
Options are a leveraged position. The option on BABA that Greg picked was probably around $21 per share meaning it cost around $2100 for an options contract of 100 shares. He probably sold around $27 per share for option meaning he received roughly around 30% in profit.
You can buy the regular stock instead though you'll profit less compared to using an option though conversely you won't lose as much if it turns against you.
Thank you. I have some experience in regular stocks but just new to options, the question is if buying regular stocks will be efficient with his predictions.
Your gains and losses would be smaller though conversely your losses would be smaller when buying the stock vs. an option. In this example. BABA stock went up roughly 3% which translated into a 30% gain in the option price which is quite larger. If you had bought the stock instead of the option, you probably could have bought around 8 shares meaning your profit would be $45-$64 vs. $600 gain for an option.
spotted BABA up pver 3% in pre-market, had a feeling we might be selling. I got a 23% gain, my timing was behind yours on the buy and just a tad off on the sell as it lost some tenths of a % from where you sold versus I. Greg, this call was perfect example of your talents.
2.55 gain on sell. But I am doing fractional stocks because I am to broke to do bigger... lol
It’s all good all profit is good! 💪🏼
Nice one GM. Mahalo +33%
Excuse me, im quite new to options, but how did he bought at 250, sold at 254, and got 30% profit? And can I buy regular stocks instead of options (Since INBR dont let me trade options yet)? Thanks!
Options are a leveraged position. The option on BABA that Greg picked was probably around $21 per share meaning it cost around $2100 for an options contract of 100 shares. He probably sold around $27 per share for option meaning he received roughly around 30% in profit.
You can buy the regular stock instead though you'll profit less compared to using an option though conversely you won't lose as much if it turns against you.
Thank you. I have some experience in regular stocks but just new to options, the question is if buying regular stocks will be efficient with his predictions.
Your gains and losses would be smaller though conversely your losses would be smaller when buying the stock vs. an option. In this example. BABA stock went up roughly 3% which translated into a 30% gain in the option price which is quite larger. If you had bought the stock instead of the option, you probably could have bought around 8 shares meaning your profit would be $45-$64 vs. $600 gain for an option.