I noticed somebody bought a thousand contracts right after this email then they're selling them all for a couple bucks more a piece to everybody after LOL of course. I happen to see the buy before the email so I bought six contracts and sold them all immediately for maybe $10 a piece profit. I need something to offset these massive losses I'm getting on the other contracts
Yep, seems like either greg or someone following greg is buying enough to move the market on the specific calls he's making which is making it hard to be profitable on all of these slim profit trades lately. usually the "next best" (say, 1 month earlier expiry) is also pumped up. effectively this means the lions are trading at much higher spreads than greg is, so if he pulls under 5% profit, lions lose. So there has been a lot of losing lately based off the comments. Might be time to sit back a bit and reassess.
i may just take some of these losses that have been sitting collecting dust, like xle and put them where I should have months ago into BTC or gold/silver (real stuff). but now that is pumped up!
I got caught out by the XLE move and have been averaging down. We have until January for the energy sector to catch a bid. One way to get out of a losing trade is to do this, notice greg does a lot of "doubling down" when the trade turns against him. It adds risk, but this is the game we play with options, as they have an expiry.
Debo, I went and looked at the buy/sell times times before and after Greg's email alert and I didn't see any 1000 contract 15JAN21 160 CALL purchases? and besides when you buy a CALL and sell it back for a profit you are not doing business with another CALL buyer, you are doing business with CALL sellers. I did see an uptick in 15Jan21 160 CALLS at 11:21 am central time and you can see normal buying and selling from a stock that reported earnings today, and the 15Jan21 160 CALL was going for 11.75, then jumped to 11.80, 11.90, and to 12.00 and higher when eveyone was jumping on board. This is normal activity by traders paying close attention and trading the market. I don't think there is any ON PURPOSE manipulation going on by Greg or anybody else. I myself watch closely and if the stock has already jumped up I will wait to see if it pulls back some before I buy in, and on LOW I didn't buy today because the stock had already jumped after earnings, plus markets were falling off highs of the day and I will buy tomorrow if the price pulls back some. The price at close for 15Jan21 160 CALL was still 12.05 and I think it will drop back down to around 11.70 and then I might buy.
You right I was looking on the monthly. I thought I was on The Daily. But looking at the daily there were several hundred. You got to think when he has 30,000 Subs it's going to push the price up
You are right as well, and when everyone is buying or selling at the same time it will cause the price to go up if you are trying to buy, and will cause the price to go down if you are trying to sell every time, but this has nothing to do with Greg rigging, this is normal buying and selling. What's the old saying, "The early bird gets the Worm"!!! Happened to me today on ORCL, cause I was sitting there looking at 25% profit and should have pulled the trigger but didn't, then everyone started selling and then I sold and only got 14% profit in about 3 minutes.
If I don't see the email in the first 15 minutes I usually will not by the strike that he sends out I'll buy above or below it or I may even change the month. The main thing is a Direction but most people are just going to buy exactly what he says so that particular strike is always going to be high I say if you get in early buy extra then sell have. I would speculate if you're quick enough you could just buy say 10 times what you would normally Buy on margin maybe and then immediately sell into the buying and that's it don't worry about holding I'm sure some people are doing that
same. massive losses on so many contracts - xle, intc, are the worst ones. and wow! someone bought contracts right after this email then sold them....?
not me. i'm down almost 50% on that one! and I bought more as the price dropped too. not sure what the hell to do with that or INTC, CSCO, or EBAY. I did just buy LOW maybe foolish i don't know!
I noticed somebody bought a thousand contracts right after this email then they're selling them all for a couple bucks more a piece to everybody after LOL of course. I happen to see the buy before the email so I bought six contracts and sold them all immediately for maybe $10 a piece profit. I need something to offset these massive losses I'm getting on the other contracts
Yep, seems like either greg or someone following greg is buying enough to move the market on the specific calls he's making which is making it hard to be profitable on all of these slim profit trades lately. usually the "next best" (say, 1 month earlier expiry) is also pumped up. effectively this means the lions are trading at much higher spreads than greg is, so if he pulls under 5% profit, lions lose. So there has been a lot of losing lately based off the comments. Might be time to sit back a bit and reassess.
i may just take some of these losses that have been sitting collecting dust, like xle and put them where I should have months ago into BTC or gold/silver (real stuff). but now that is pumped up!
I got caught out by the XLE move and have been averaging down. We have until January for the energy sector to catch a bid. One way to get out of a losing trade is to do this, notice greg does a lot of "doubling down" when the trade turns against him. It adds risk, but this is the game we play with options, as they have an expiry.
yes as I said, i have been doing this averaging down and i'm still almost at 50% loss. what may cause the energy sector to catch a bid?
i'm starting to feel this too...more red than green and has been for months.
Debo, I went and looked at the buy/sell times times before and after Greg's email alert and I didn't see any 1000 contract 15JAN21 160 CALL purchases? and besides when you buy a CALL and sell it back for a profit you are not doing business with another CALL buyer, you are doing business with CALL sellers. I did see an uptick in 15Jan21 160 CALLS at 11:21 am central time and you can see normal buying and selling from a stock that reported earnings today, and the 15Jan21 160 CALL was going for 11.75, then jumped to 11.80, 11.90, and to 12.00 and higher when eveyone was jumping on board. This is normal activity by traders paying close attention and trading the market. I don't think there is any ON PURPOSE manipulation going on by Greg or anybody else. I myself watch closely and if the stock has already jumped up I will wait to see if it pulls back some before I buy in, and on LOW I didn't buy today because the stock had already jumped after earnings, plus markets were falling off highs of the day and I will buy tomorrow if the price pulls back some. The price at close for 15Jan21 160 CALL was still 12.05 and I think it will drop back down to around 11.70 and then I might buy.
You right I was looking on the monthly. I thought I was on The Daily. But looking at the daily there were several hundred. You got to think when he has 30,000 Subs it's going to push the price up
You are right as well, and when everyone is buying or selling at the same time it will cause the price to go up if you are trying to buy, and will cause the price to go down if you are trying to sell every time, but this has nothing to do with Greg rigging, this is normal buying and selling. What's the old saying, "The early bird gets the Worm"!!! Happened to me today on ORCL, cause I was sitting there looking at 25% profit and should have pulled the trigger but didn't, then everyone started selling and then I sold and only got 14% profit in about 3 minutes.
If I don't see the email in the first 15 minutes I usually will not by the strike that he sends out I'll buy above or below it or I may even change the month. The main thing is a Direction but most people are just going to buy exactly what he says so that particular strike is always going to be high I say if you get in early buy extra then sell have. I would speculate if you're quick enough you could just buy say 10 times what you would normally Buy on margin maybe and then immediately sell into the buying and that's it don't worry about holding I'm sure some people are doing that
same. massive losses on so many contracts - xle, intc, are the worst ones. and wow! someone bought contracts right after this email then sold them....?
XLE swung around to the upside just long enough for me to pull an alright profit last week. It was in the red the entire rest of the time I had it.
not me. i'm down almost 50% on that one! and I bought more as the price dropped too. not sure what the hell to do with that or INTC, CSCO, or EBAY. I did just buy LOW maybe foolish i don't know!
Thanks Gregory!
Thanks Greg!
Got in @ 12,00
Thank you
@11.90
In. Btw, see this Charger for sale: https://newyork.craigslist.org/lgi/cto/d/great-neck-1968-dodge-charger-unrestored/7180311573.html
Thanks Greg, been watching LOW all day and they have been on a steady move UP.
looks like they have been up and down. up then down, now climbing up