if we are looking for a pull back before ascending, why would we buy when it's so high? it went straight up this a/m. i thought you do not buy high. no alerts on airlines or travel and that made bank. perhaps i'm new so i don't understand that this is a different way of trading.
No One, on an early buy I usually watch the price for a day or so before I buy, and you are right not to buy with it up today, but if you wait until FB pulls back some and then buy you will hold a better position and make more profit when it goes back up.
so early buy means just watch over the next few days? b/c to send out a trade alert this morning with that pumped up makes no sense to me. again, maybe Greg is a longer term trader vs day, but i wonder why no alerts on airlines and travel went out. but longer term feels riskier to me at this time.
No One, it depends, so on this one FB jumped way up this morning so i'm watching it to see what happens first and that is just my thoughts, but on other Early Buy if you look at the charts and its down fixing to make a run I will buy it right then. To me the time to buy FB would have been yesterday???
Greg, my faith in you has been regained. I was stunned there were no alerts about airlines and travel (ok you have a life outside of this too and can't get everything!) and when you put the alert on FB, I was not jumping. And all my other calls are in the red of your alerts.
But I totally get it now. i was wondering why such a low strike price with FB when something was rising. when something is "pumping" and not looking to stop, jump in with a long exp date with a lower strike price in case it crashes back soon - you are secured by the lower strike and long exp. otherwise, ride the wave to profits. Good learning!
and microsoft! i pulled profits yesterday - should have waited...but again, i'm learning.
Greg, you said OTM at $220, since FB is above $220, isn't that a oxymoron? Shouldn't the strike be over what it was valued at, say @ 232.00 depending on when you called it?
i was wondering that too. but i think it's actually a very clever and conservative strategy. when something is "pumping" and not looking to stop, jump in with a long exp date with a lower strike price in case it crashes back soon if you hit the high - you are secured by the lower strike and long exp. otherwise, ride the wave to profits.
Its all fake and pumped up..
Thanks I’m in. My most expensive premium so far, but I trust Greg👍
I’m a true newbie: I saw,”IMO,” on Greg’s newsletter and didn’t realize it meant...“In my opinion,” and bought 50 shares. Luck on my side I gained 24%
Keep up the good work Greg! This Market is like a Wild Bronco! Has to go up and down
like a river or stream with it's current. It ebbs and flows and sometimes it dries up and then
sometimes it overflows its edges or "banks"! The spam folks just maybe don't like the truth
or consequences you teach Greg. Have A Great Day!
👍🤓
buy to open on fb it is.. thanks Greg...
I'm not sure i understand this reasoning. it's pumped way up right now.
I’m hoping it moves a bit higher just got some $245 calls expiring end of this month more risk but more affordable for me.
if we are looking for a pull back before ascending, why would we buy when it's so high? it went straight up this a/m. i thought you do not buy high. no alerts on airlines or travel and that made bank. perhaps i'm new so i don't understand that this is a different way of trading.
No One, on an early buy I usually watch the price for a day or so before I buy, and you are right not to buy with it up today, but if you wait until FB pulls back some and then buy you will hold a better position and make more profit when it goes back up.
so early buy means just watch over the next few days? b/c to send out a trade alert this morning with that pumped up makes no sense to me. again, maybe Greg is a longer term trader vs day, but i wonder why no alerts on airlines and travel went out. but longer term feels riskier to me at this time.
I think he is using longer call options to reduce risk
yes, but why send out an alert on something that is pumped up?
No One, it depends, so on this one FB jumped way up this morning so i'm watching it to see what happens first and that is just my thoughts, but on other Early Buy if you look at the charts and its down fixing to make a run I will buy it right then. To me the time to buy FB would have been yesterday???
Greg, my faith in you has been regained. I was stunned there were no alerts about airlines and travel (ok you have a life outside of this too and can't get everything!) and when you put the alert on FB, I was not jumping. And all my other calls are in the red of your alerts.
But I totally get it now. i was wondering why such a low strike price with FB when something was rising. when something is "pumping" and not looking to stop, jump in with a long exp date with a lower strike price in case it crashes back soon - you are secured by the lower strike and long exp. otherwise, ride the wave to profits. Good learning!
and microsoft! i pulled profits yesterday - should have waited...but again, i'm learning.
Thank you!
Thanks Greg!!! I bought FB just OTM 240 Call this morning after the price pulled back some. Speculative buys are tricky but you nailed this one!!!
Greg, you said OTM at $220, since FB is above $220, isn't that a oxymoron? Shouldn't the strike be over what it was valued at, say @ 232.00 depending on when you called it?
i was wondering that too. but i think it's actually a very clever and conservative strategy. when something is "pumping" and not looking to stop, jump in with a long exp date with a lower strike price in case it crashes back soon if you hit the high - you are secured by the lower strike and long exp. otherwise, ride the wave to profits.
thats what i was thinking too