All of Greg's trade alerts can be traded using the instrument itself or via options. Just make sure you use longer duration (ie 2-3 mos out) and closer to or in the money options. As far as when to exit, this is where you have to do your part. He's getting us in and everyone has different risk profiles, sizes, etc.. What I have found esp with options is to take the money while it's available. Think of taking base hits vs sitting and waiting on home runs. They will come too but you can cover a lot of ground and increase your account by just taking what is being offered at the time. I often buy/sell the same option many times over by selling on strength on an hourly chart and buying back the same thing on a pullback and re-riding it up. The key is the average range of the instrument.
thank you for sharing that. i have had questions and could not utilize all his help due to it not being clear. when you say "instrument itself" you mean flat out just buy stock vs options? So when he says "buy" it means that xyz stock is going to increase and to buy a call option? (b/c one could buy a put option where betting on it decreasing) so that is unclear to me.
Yes, you got it! The instrument itself would be, ie Buy SLV (the silver ETF) or you can buy calls on SLV on it since he's recommending a "buy." If he recommends a "sell" you could short it (not recommended) or buy puts instead because your risk is limited to the amount you spend on the puts vs "shorting." Most important with options is duration and strike price relative to underlying. So, either in the money options or slightly out of the money but longer duration (2-3 mos) even if you don't hold them the whole time, it's a built in insurance policy of sorts.
Thank you for taking the time Jennifer! I was getting very frustrated. i'm just now learning options and so it's confusing to me.
so to recap: "short" would be to sell a call option before expiration ? (if the answer is too complicated to write here i understand). And "sell" recommendations really means XYZ stock will decrease in value (i.e. buy a put)?
No problem. You are correct but you'd be uncovered if you're not long the underlying stock. It requires more margin etc.. Shorting means to buy stock you don't own. If you are trading options and have a "buy recommendation" then you buy calls on XYZ and when ready to take profit, you sell the same calls you bought, just like stock. If a "sell recommendation" is given, then you can buy puts on XYZ and when ready to take profit, you sell the same puts you bought. You're still buying and selling like stock. There's a new vocabulary to learn with options but not difficult. There are so many resources online free to learn with videos or print, whatever your learning style. Good luck learning, cboe has awesome free resources and quizzes.
I wanted to see if maybe I’m getting the alerts a little late? For Friday early buy XLF... my message came at 10:01 am pacific time. Could anyone respond and let me know when they received their alert? By then it had moved way up already.. let alone a minute to execute buy order. Thanks for replying:)
Greg, you definitely saved my bacon in this fake market - even made some fiat thanks to your newsletter. I was a bit late to the XLF party, only even now, but here's a question: been holding XLF calls since April 4 (Sept. expiry) and now I see this "Early Buy" signal. Did I miss the exit news? Or is this a chance to add to positions? No worries, just learning the ropes.
Anyway, great stuff and many thanks for your work.
same around here no yeast for 100miles. I showed them,.Made a sourdough starter. Took 8 days but now smells like apple wine and will lift the heck out of some dough.
Looks like we know now.... I just can't see how the people in charge can leave the price this low though.. Seems like they will have to force it higher.
Yes, but following the oil tankers stocks they are all filled up, no place to put the oil that they are producing. Not sure Trump got funds to replenish the Strategic Reserve s. Face it travel season is upon us and that will also be a big glut since nobody will be traveling. My trips to South Korea, cancelled. Need to head back to Chicago in July but looks like will have to drive from SF back instead of flying. So will do my part to prop up the prices.
To avoid all of the problems with investing in these shares from outside of the US I have found a investment trust here in the UK which is top heavy in these stocks. I don't want to be filling out W8 forms and stuff. GReat advice that has helped me so much
All of Greg's trade alerts can be traded using the instrument itself or via options. Just make sure you use longer duration (ie 2-3 mos out) and closer to or in the money options. As far as when to exit, this is where you have to do your part. He's getting us in and everyone has different risk profiles, sizes, etc.. What I have found esp with options is to take the money while it's available. Think of taking base hits vs sitting and waiting on home runs. They will come too but you can cover a lot of ground and increase your account by just taking what is being offered at the time. I often buy/sell the same option many times over by selling on strength on an hourly chart and buying back the same thing on a pullback and re-riding it up. The key is the average range of the instrument.
thank you for sharing that. i have had questions and could not utilize all his help due to it not being clear. when you say "instrument itself" you mean flat out just buy stock vs options? So when he says "buy" it means that xyz stock is going to increase and to buy a call option? (b/c one could buy a put option where betting on it decreasing) so that is unclear to me.
Yes, you got it! The instrument itself would be, ie Buy SLV (the silver ETF) or you can buy calls on SLV on it since he's recommending a "buy." If he recommends a "sell" you could short it (not recommended) or buy puts instead because your risk is limited to the amount you spend on the puts vs "shorting." Most important with options is duration and strike price relative to underlying. So, either in the money options or slightly out of the money but longer duration (2-3 mos) even if you don't hold them the whole time, it's a built in insurance policy of sorts.
Thank you for taking the time Jennifer! I was getting very frustrated. i'm just now learning options and so it's confusing to me.
so to recap: "short" would be to sell a call option before expiration ? (if the answer is too complicated to write here i understand). And "sell" recommendations really means XYZ stock will decrease in value (i.e. buy a put)?
No problem. You are correct but you'd be uncovered if you're not long the underlying stock. It requires more margin etc.. Shorting means to buy stock you don't own. If you are trading options and have a "buy recommendation" then you buy calls on XYZ and when ready to take profit, you sell the same calls you bought, just like stock. If a "sell recommendation" is given, then you can buy puts on XYZ and when ready to take profit, you sell the same puts you bought. You're still buying and selling like stock. There's a new vocabulary to learn with options but not difficult. There are so many resources online free to learn with videos or print, whatever your learning style. Good luck learning, cboe has awesome free resources and quizzes.
the terminology is confusing utterly. thank you so much!
I agree with Jennifer, The CBOE has really easy to understand resources. I used them to teach myself years ago.
Greg you are an absolute nugget of gold in a pile of absolute poop. Thank you so much for your selfless help.
I wanted to see if maybe I’m getting the alerts a little late? For Friday early buy XLF... my message came at 10:01 am pacific time. Could anyone respond and let me know when they received their alert? By then it had moved way up already.. let alone a minute to execute buy order. Thanks for replying:)
Greg, you definitely saved my bacon in this fake market - even made some fiat thanks to your newsletter. I was a bit late to the XLF party, only even now, but here's a question: been holding XLF calls since April 4 (Sept. expiry) and now I see this "Early Buy" signal. Did I miss the exit news? Or is this a chance to add to positions? No worries, just learning the ropes.
Anyway, great stuff and many thanks for your work.
When did you recommend we close your previous buy XFL recommendation?
Greg's beasting and feasting 24/7 with these free trades for us :)
Mr. Mannarino I would like to hear your thoughts on the shortage of flour and yeast and the supply chain?
same around here no yeast for 100miles. I showed them,.Made a sourdough starter. Took 8 days but now smells like apple wine and will lift the heck out of some dough.
everyone is baking bread in quaratine
Rats just sold this morning
If you made money, great. Never wrong to take a profit. Go to the next trade and forget the last one. Never say “darn”. It’s a steady, long term road.
Not sure how this will impact oil, one of GM's top 3 indicators into this week but major bankruptcy in Singapore Oil Trading Firm today.https://www.zerohedge.com/commodities/singapore-oil-trading-giant-files-bankruptcy-after-hiding-800-million-losses-secretly
Looks like we know now.... I just can't see how the people in charge can leave the price this low though.. Seems like they will have to force it higher.
Yes, but following the oil tankers stocks they are all filled up, no place to put the oil that they are producing. Not sure Trump got funds to replenish the Strategic Reserve s. Face it travel season is upon us and that will also be a big glut since nobody will be traveling. My trips to South Korea, cancelled. Need to head back to Chicago in July but looks like will have to drive from SF back instead of flying. So will do my part to prop up the prices.
I was wondering why Mr Mannarino don't recommend TLT or TIPS etf? Thanks
Good day my friend. Hope all is well. I have been donating to our local animal shelter.
To avoid all of the problems with investing in these shares from outside of the US I have found a investment trust here in the UK which is top heavy in these stocks. I don't want to be filling out W8 forms and stuff. GReat advice that has helped me so much
Thanks Greg, your insight is spot on! I appreciate your take on the markets and the economy as a whole!
Awesome it is working again
Greg, how to look up dark pools?
Thanks GM!!!