74.00 I only held 2 calls. I have my own way of trading and just was going on gregs hunch. I would not have picked csco on my own. I have picked HACK, ATEN, SBUX, RTX on my own. AAPL has gotten ridiculously expensive even the options IMO.
Jay blue, stop being a crybaby. the trades were labeled high risk. Besides, you should always do your own homework before you trade a position. we are all big boys and girls, take responsibility for your winnings as well as your losses.
because if the market participants believe it’s going up then the premiums reflect that already, and then has to even outperform that bullishness to be profitable... also whatever tools he uses may not show constellation of things that he believes reflects good entry point. but again can always choose on your own to place a bet
Pharma is always risky and most of us shouldn't trade it, CSCO is different but we are jumping into these without prior understanding of the fundamentals so a tase that losses is no big deal as most of us are sitting pretty w/ Greg's trades.
depends on your risk profile, keep in mind 75% of ALL options expire worthless.
The option itself can be your stop loss or you can cut out early which I'm thinking of doing as I can retain 50% or greater of my premium. I'm guessing Greg will give the go ahead to cut our losses on GILD and CSCO
Just for education purposes! Why would you close these Positions since their Expiration is far away? Isn't better to let them play out as they still have time? Thanks
if that is the case, why invest in longer term calls? i mean i understand abut time decay, but what's the point then in doing these super long calls out to march and june if we close now b/c we are worried about time decay?
if that is the case, why invest in longer term calls? i mean i understand abut time decay, but what's the point then in doing these super long calls out to march and june if we close now b/c we are worried about time decay?
One of the reason for a long expiration is it gives time for the trade to go good. Since time goes against you in options it's safe to have a long expiration. However, it's rare options are held till expiration. Most of the time you will close position before expiration.
Generally speaking yes I agree with you. I would personally wait and stay in with a June 21 EXP. Sometimes these trades take some time to go green. I don't know why someone would get out now with a loss especially with lots of time.
I think greg got into csco initially for a pop which never came to fruition. There is no tell- Pre market or Aftermarket so this could go lower or pop but when? Anyones guess.
If the fundamentals have changed regarding GILD and CSCO then it doesn't matter, especially is the fundies point to them going lower. I'm in both and considering cutting my losses as these are trending down and we don't know the reason Greg picked these trades in the first place.
Did he pick these based on the fact that they dropped and thought they were going to pop again (primarily technical) or did he pick these based on a fundamental belief about these companies? A losing trade always happens due to getting the fundamentals wrong. Trading on any kind of Technicals is always a bad idea use the Technicals to help establish your view after being bullish/bearish on your Fundamental outlook.
What are you guys averaged in at on GILD? I finally cleared up all my WMT calls and don't know if I should gamble with GILD? It looks like a good value right now. Thanks
Ok thanks. Congrats on the WMT gain. That WMT explosion yesterday and this morning is the most fun I've had trading. Those calls that expire tonight were crazy volatile but very lucrative
Stay out we are losing money on these and Greg might cut losses soon on CSCO and GILD. I'm waiting out to see where he's going with these. I'm taking the gas pipe on these now but a loss has to come at some point.
Hi Greg - I'm a newbie here & probly missed something, but since u've bn saying the stock market is gonna go way up, why don't u have any open positions rt now??
yes i think it will rally. however, just sitting there collecting dust with not a lot of "dry powder" to engage on trades, like WMT, that actually make me money today (the whole point of me doing this...) is the question of which is better? to take a loss now and make more with others, get back in at a drop if I still want it or just wait til it recovers some.
yes i'm holding these, plus xle, intc and ebay still all in red....wondering what to do myself as i'm sure they'll eventually rally, but maybe put my funds to something that is making me money in the interim is a better idea?
Gonna start buying puts on speculative buys lol
I did buy a PUT on CSCO when I entered the trade as I was a bit leary, cashed that out already I should of let it run
that's what I say! lol
your renko bar set up is priceless thank you GREG!!!
Got rid of the $csco loser was up on my RTX
how much do you lose?
74.00 I only held 2 calls. I have my own way of trading and just was going on gregs hunch. I would not have picked csco on my own. I have picked HACK, ATEN, SBUX, RTX on my own. AAPL has gotten ridiculously expensive even the options IMO.
my losses on it are much higher. i may hold for a bit to see where this goes.
Jay blue, stop being a crybaby. the trades were labeled high risk. Besides, you should always do your own homework before you trade a position. we are all big boys and girls, take responsibility for your winnings as well as your losses.
If the market is going to keep going up then why only 2 positions with a possible short next week?
because if the market participants believe it’s going up then the premiums reflect that already, and then has to even outperform that bullishness to be profitable... also whatever tools he uses may not show constellation of things that he believes reflects good entry point. but again can always choose on your own to place a bet
Pharma is always risky and most of us shouldn't trade it, CSCO is different but we are jumping into these without prior understanding of the fundamentals so a tase that losses is no big deal as most of us are sitting pretty w/ Greg's trades.
Is it wise to let any position with a loss to play out since their exploration is far away when you have enough dry powder (fund)? Thanks
depends on your risk profile, keep in mind 75% of ALL options expire worthless.
The option itself can be your stop loss or you can cut out early which I'm thinking of doing as I can retain 50% or greater of my premium. I'm guessing Greg will give the go ahead to cut our losses on GILD and CSCO
Thank you, calkusi.
Just for education purposes! Why would you close these Positions since their Expiration is far away? Isn't better to let them play out as they still have time? Thanks
Theta is a biatch. values decay
I am just learning about the Greeks and have not yet figured out the time decay, but I will! Thanks.
Good way...
When you buy a CALL, you should buy with more than 3 months cause the time decay is low.
At 2 months it accelerate and 1 month, its become big number !
In contrario, when you sell, you should sell the one month or two, not more !
Think exponential time decay.
Thank you PFLA! That makes it clearer, appreciate it.
Then we should be safe from time decay for quite a while given that the CSCO calls expire in June and the GILD calls in February.
Yep, it's the Delta that hurt actually, not the time decay.
-$54 for CSCO (for -1$ subjacent movement)
& -$38 for GILD...
so delta is at .52. how is this hurting it?
yeah i can't understand how to calculate this.
if that is the case, why invest in longer term calls? i mean i understand abut time decay, but what's the point then in doing these super long calls out to march and june if we close now b/c we are worried about time decay?
cuz the risk would be even higher, but hey don’t doubt your flow, nothing stopping you from clicking on some other date!
When I can't afford the 2021 calls I've bought same week what I've learned is sell the second you see profit
ok thanks
I think you have to consider that options lose Time Value as they get closer to their expiration date.
if that is the case, why invest in longer term calls? i mean i understand abut time decay, but what's the point then in doing these super long calls out to march and june if we close now b/c we are worried about time decay?
One of the reason for a long expiration is it gives time for the trade to go good. Since time goes against you in options it's safe to have a long expiration. However, it's rare options are held till expiration. Most of the time you will close position before expiration.
yes but to take a lose right now on csco with an exp of June makes no sense to me, unless you want that 'dry power' for something else to gain bigger.
Generally speaking yes I agree with you. I would personally wait and stay in with a June 21 EXP. Sometimes these trades take some time to go green. I don't know why someone would get out now with a loss especially with lots of time.
I took a loss wanted my money back for other things and I was up on other trades so a loss isnt really a loss...law of averages.
Agree
I think greg got into csco initially for a pop which never came to fruition. There is no tell- Pre market or Aftermarket so this could go lower or pop but when? Anyones guess.
If the fundamentals have changed regarding GILD and CSCO then it doesn't matter, especially is the fundies point to them going lower. I'm in both and considering cutting my losses as these are trending down and we don't know the reason Greg picked these trades in the first place.
Did he pick these based on the fact that they dropped and thought they were going to pop again (primarily technical) or did he pick these based on a fundamental belief about these companies? A losing trade always happens due to getting the fundamentals wrong. Trading on any kind of Technicals is always a bad idea use the Technicals to help establish your view after being bullish/bearish on your Fundamental outlook.
besides technical and news, what other factors play into developing your fundamentals?
What are you guys averaged in at on GILD? I finally cleared up all my WMT calls and don't know if I should gamble with GILD? It looks like a good value right now. Thanks
I have averaged down to 3.68...so a little good news from the media and I should hopefully be able to close a with a small gain
my average price is 4.67
Damn..Maybe some news will come out today or next week that rocks the stock like WMT yesterday. I hope it bounces back for you
My cost basis on GILD is $4.89. I got outta wmt with a 14% gain - after the pop.
Ok thanks. Congrats on the WMT gain. That WMT explosion yesterday and this morning is the most fun I've had trading. Those calls that expire tonight were crazy volatile but very lucrative
Stay out we are losing money on these and Greg might cut losses soon on CSCO and GILD. I'm waiting out to see where he's going with these. I'm taking the gas pipe on these now but a loss has to come at some point.
Hi Greg - I'm a newbie here & probly missed something, but since u've bn saying the stock market is gonna go way up, why don't u have any open positions rt now??
Thank you Gregory!
I looked at Seasonality on CSCO and it shows a great upside starting November-January so we still got time for the stock to recover Im in it still
yes i think it will rally. however, just sitting there collecting dust with not a lot of "dry powder" to engage on trades, like WMT, that actually make me money today (the whole point of me doing this...) is the question of which is better? to take a loss now and make more with others, get back in at a drop if I still want it or just wait til it recovers some.
The "high risk" statement was only here in the newsletter, not in the email.
Actually Gregory always says they are "High Risk" if he feels they are. I remember him saying that.
AUG 13:
This is a HIGH RISK trade.
I just bought CSCO
June 18 2021 $42 calls
GM
AUG 19:
Lions.. I did just add to my GILD position
Feb. 19 2021 $70 calls.
This is a high risk move….
GM
Those are the E-mails that I got
Me too.
Oh I see the original E-mail now. He didn't originally label it as high risk, just adding to it was high risk.
AUG 18:
Lions.. I just bought
GILD Feb. 19 2021 $70 calls.
JNJ Mar. 19 2021 $150 calls.
GM
you are swing trading options, it’s inherently high risk lol. Like mcdonald’s coffee at the drivethru, the coffee is HOT with or without a warning
lol I luv McDonal's coffee but had plenty of Luke warm cups where I ask them to make a fresh pot!
LOL
Thank you. I should have said that I was referring to the CSCO trade.
No, it was in the email too
Yes, correct. I couldn't remember it, but I just now went back and found it.
yes i'm holding these, plus xle, intc and ebay still all in red....wondering what to do myself as i'm sure they'll eventually rally, but maybe put my funds to something that is making me money in the interim is a better idea?
Yea, these 2 HURT... :(