Hey Greg big fan followed you for years but never had the huevos to put my money to work. I am extremely new to Trading . I hope to learn a ton of more great info from you and i hope that the followers you've gained over the years can answer all my dumb questions.
@Demir, thanks for your reply! Sorry if my question wasn’t clear, Greg says to buy options 8+ months out from now, just barley in the OTM range. But does he just buy uncovered/naked calls where he’s not hedged if the price goes down or does he buy puts using a straddle or strange strategy to hedge against the price going down? Hope this clarifies my question, thanks!
@No One, Greg’s newsletter says what type of options (calls or puts) to buy. Right now Greg is bullish (thinks stocks will go up) bc of all the Fed intervention, so his recommendations will most likely be call options. Hope this helps!
i've been around a year or so following greg, he never shorts, always a call. if i understand how he thinks, a put is riskier. i surmise by observation his strategy may be to take advantage of positions where short sellers are going to get squeezed on that parabolic move and buy their puts, thus helping our call rise. always good to check short % at a site like shortsqueeze.com. 27% short interest pr more after a parabolic move up (6 or7 days of greedy buyers) is sweet because shorts will start buying there puts. we then take advantage of gain as shorts cover. if you see 50% short, that is super bullish. anywhere from 27% to 50%, a strategy that sounds good and I will be testing it further.
Greg, I understand that your awareness of the reality of the non-market, market still allows opportunity to profit. I am sure you know the door will soon slam shut, never to open again and your knowledge will likely peg this moment with as much forewarning as possible. I want to share this SGT Report interview with John Titus which was posted today, 13 May. I think John's explanation of the end is quite valid. https://youtu.be/XPeJSSJUSus If your comments don't allow links, I hope you can look up this Report. Appreciate your sincere devotion to your followers.
I try to listen to you. I did have feeling, while watching Monday, saw 10yr yield go down. Market was up 300+. I bought uvxy monday 3:30. Today 2 days later im up 30%.
Once Illinois and NY get a federal bail out, it will instantly prove governors of other states total idiots for not taking out fat salaries and giving lucrative contracts to a favored few. They will soon jump on the bandwagon, spend everything, go in debt and later demand bailouts also. Similarly, Boeing knows FED will not let it go bankrupt so why not take out huge bonuses and give software contracts to cheap indian companies in india. Lockheed will see this and CEO will feel like a total idiot. He will immediately spend everything and demand his own bail out and so on. Line is long and FED printing presses have unlimited capacity. As Greg says you have seen nothin yet.
Thank you for clarifying to buy calls, not puts (shorting) as i just posted this question: when you say buy alert...does that mean buy a call (bullish) or a put (bearish)? can we assume when you say buy, you mean a call option? (thank you)
When he says buy alert I believe it means that there is an alert and if you read more he always describes if its a call or a short, hope I answered your question :)
You rule bro, congrats on that car. We had a? In a previous thread regarding how high OTM you buy? 5.00 10.00 20.00? I understand the higher above the higher the risk. Thanks for everything Gregory.
So for those that are new and on Robin Hood the first option above the (ITM) in the money, UI will show current stock price, the first listed above is just OTM.
Thanks Greg, agreed....my wife and I have our 401K's in cash since before the "crash". Are you able to give any general advice, as options are not possible in those accounts. Thanks in advance. Trickier I am sure given the current environment.
Hi friend you should have a S&P 500 stock in your portfolio it's good that you have it cash or stable value wait until the economy opens again with out a relap of covid-19 remember the federal reserve is bailing out all these fortune 500index companies and with economy reopened these stocks should do very well for long-term good luck and listen to GREG he'll guide you correctly 👍
Hey Greg big fan followed you for years but never had the huevos to put my money to work. I am extremely new to Trading . I hope to learn a ton of more great info from you and i hope that the followers you've gained over the years can answer all my dumb questions.
thanks for all the hard work you do !
Join the chatroom, i will do my best to answer if I know, during trading hours
where is the chatroom?
Greg, are you just buying calls or are you doing long straddles or long strangles etc? Thanks!
What he usually says that he trades is OTM and with expiry date several months forward, hope I answered your question.
@Demir, thanks for your reply! Sorry if my question wasn’t clear, Greg says to buy options 8+ months out from now, just barley in the OTM range. But does he just buy uncovered/naked calls where he’s not hedged if the price goes down or does he buy puts using a straddle or strange strategy to hedge against the price going down? Hope this clarifies my question, thanks!
Aaah I understand it now sadly I don't k know that either, I Wonder The same thing though.
He usually buys them naked. Greg on occasion does use credit spreads though typically not usually.
that was my question - what kind of options contract with each trade alert would be helpful. :-)
@No One, Greg’s newsletter says what type of options (calls or puts) to buy. Right now Greg is bullish (thinks stocks will go up) bc of all the Fed intervention, so his recommendations will most likely be call options. Hope this helps!
i've been around a year or so following greg, he never shorts, always a call. if i understand how he thinks, a put is riskier. i surmise by observation his strategy may be to take advantage of positions where short sellers are going to get squeezed on that parabolic move and buy their puts, thus helping our call rise. always good to check short % at a site like shortsqueeze.com. 27% short interest pr more after a parabolic move up (6 or7 days of greedy buyers) is sweet because shorts will start buying there puts. we then take advantage of gain as shorts cover. if you see 50% short, that is super bullish. anywhere from 27% to 50%, a strategy that sounds good and I will be testing it further.
i didn't totally understand your meaning, but have copied and pasted into a learning docu for myself. one day it will make sense. thanks!
now i just have to figure out my exit strategy!
and exp jan 21
wow thanks! so much to learn. that is how i was reading it - a call just otm which is what i did with DIS on friday.
Greg, I understand that your awareness of the reality of the non-market, market still allows opportunity to profit. I am sure you know the door will soon slam shut, never to open again and your knowledge will likely peg this moment with as much forewarning as possible. I want to share this SGT Report interview with John Titus which was posted today, 13 May. I think John's explanation of the end is quite valid. https://youtu.be/XPeJSSJUSus If your comments don't allow links, I hope you can look up this Report. Appreciate your sincere devotion to your followers.
I try to listen to you. I did have feeling, while watching Monday, saw 10yr yield go down. Market was up 300+. I bought uvxy monday 3:30. Today 2 days later im up 30%.
Once Illinois and NY get a federal bail out, it will instantly prove governors of other states total idiots for not taking out fat salaries and giving lucrative contracts to a favored few. They will soon jump on the bandwagon, spend everything, go in debt and later demand bailouts also. Similarly, Boeing knows FED will not let it go bankrupt so why not take out huge bonuses and give software contracts to cheap indian companies in india. Lockheed will see this and CEO will feel like a total idiot. He will immediately spend everything and demand his own bail out and so on. Line is long and FED printing presses have unlimited capacity. As Greg says you have seen nothin yet.
Greg, since you are now really bullish on market. What is best stock or etf, to cover most of market. Spy? Faz?
Last week's bullish call was awesome!
which one?
SPY
did you do a call option? how far out? and then resold quickly after?
Thank you for clarifying to buy calls, not puts (shorting) as i just posted this question: when you say buy alert...does that mean buy a call (bullish) or a put (bearish)? can we assume when you say buy, you mean a call option? (thank you)
When he says buy alert I believe it means that there is an alert and if you read more he always describes if its a call or a short, hope I answered your question :)
and bullish means buy call option?
Yes, that’s correct.
👍🤓
THANK YOUGREGFOR ALL WHST YOU DO FOR US. HAVE GOOD WEEEND. SEE YOU ON MONDAY...
Keep up good work. Thanks for keeping us on the right direction. =)
You rule bro, congrats on that car. We had a? In a previous thread regarding how high OTM you buy? 5.00 10.00 20.00? I understand the higher above the higher the risk. Thanks for everything Gregory.
just barely OTM
So for those that are new and on Robin Hood the first option above the (ITM) in the money, UI will show current stock price, the first listed above is just OTM.
Thanks Greg. I just started trading options and you're my #1 go-to source on all this.
Thanks Greg, agreed....my wife and I have our 401K's in cash since before the "crash". Are you able to give any general advice, as options are not possible in those accounts. Thanks in advance. Trickier I am sure given the current environment.
Hi friend you should have a S&P 500 stock in your portfolio it's good that you have it cash or stable value wait until the economy opens again with out a relap of covid-19 remember the federal reserve is bailing out all these fortune 500index companies and with economy reopened these stocks should do very well for long-term good luck and listen to GREG he'll guide you correctly 👍