Thanks Paul, glad you do too. It could be so easily corrected, and I honestly thought he misspoke maybe a week or so ago originally, but he keeps repeating the same, terrible, advice. People need to understand what he's actually saying and stop following blindly like a cult.
Will, were at a negative gamma slant (below 3850 on SPX). Now Market Makers/hedge funds who provide liquidity are shorting into the market. We break 3800 WATCH OUT, half of Greg's Lions will be eaten alive.
Exactly. It's strange too because he has been saying lately that there is a risk of a pull back. Granted, I think he believes long run trend upwards, but if that risk feels imminent, why don't we wait to sell puts a bit here at the very least lol. Better yet, never sell puts unless you definitely want to own the name, but that's just me.
BTW where do you see the broker/dealer negative gamma position below 3850? Is it a paid resource? Good eye btw and good to know. Kids, what does that mean? If you cannot answer, stop blindly selling puts.
Hey, I pay for the info. I just checked updated data it still remains the same. Below 3850 and 3800 respectively are the major key levels. Need to watch the VIX as well to gauge. VIX is setting itself up for a larger movement. Storm clouds are here almost ready to fire. I Suspect a breach below 3800 is where the fun truly begins.
P.S. A break above 3850 (closing) with a lower VIX you can play to 3900 SPX
Hey man, stay away from options until you learn. Your comment shows what little you know. Not trying to be an A$$, but your in over your head. Save your money and properly educate yourself.
Risk on, people think it is a casino. Here in Holland banks started advertising for first timers to invest in the stock market. Crooks. It's a Freak Show.
Buying Stocks on Margin is crazy stuff. This is what happened pre 1929 Depression leaving
all the Margin Buyers of collapsed stocks to pay up and they couldn't. So they jumped off
buildings, etc. as they were screwed. When the Broker House Makes Their Margin Calls
that's it you are required to pay the house. This is when lots of margin buyers committed
suicide off buildings, bridges etc. in the 1929 collapse. Don't be too greedy as it is as
Greg has consistently said the pigs that are slaughtered "not" the Bulls or the Bears!
I agree with Greg, consider doing prudent calls when there are possible market up swings
coming or puts when the market just prior to the market going down. The Call and Put Options contrary to the current use was specifically created to "protect" one's own position in a stock or commodity from large losses due to market swings in the underlying stocks or commodities. Now, more folks just see it as a multiplier where they can bet against the House "but" the House in effect are the Markets regardless of the JP Morgan finagling etc. and when a "market" is entirely built on margin purchases and/or betting on top of bets you end up with chronic and repetitive bad outcomes for the larger investment community and investors specifically. The House always weathers the storm in some fashion. The Big Short Movie advises on how the collapses of markets happen but investors, who had made money previously have this undying belief that the "basketball player" who just made three three pointers in a row will continue to
make them! But in the end he eventually misses and yet the bettors continue to place bets
on the initial bet on him continuing to make the three pointers, then the additional side bets on those bets and then on even the derivative cdo bets on top of bets equaling quadrillions of dollars of risk- bets that eventually pile up and then collapse as that market crashes and burns
from over betting and then subsequent requirements to pay all the winning bettors on those
bets as well as negative actual fundamentals of the underlying commodities, stocks or real
estate the bets were made on. A Bullish Market psychology can make even the most prudent
investors move to imprudent behavior as explained even with bad fundamentals and yet they persist in those bets because "they" "believe" they will win in those bets.
This doesn't mean you shouldn't invest "but" as I said be "critically aware" of market conditions
such as the dxy, the US 10 year as well as international and domestic potential risks of more
down trending or conversely up trending in markets. I think right now we're in a critical juncture
as you see some tv analysts telling folks now is the time to buy hotel stocks and air line stocks
as the vaccines are injected throughout the world such as Marriott or Southwest Airlines.
It only took insider information which reached multiple hands through leaking the intel before
9-11 to "short" American Airlines, United Airlines and other stocks as they would be sued and/or
their stock values would plummet after those attacks. This information came out of of One of the Towers where Marsh McClennan was operating and had made a software to do multiple quick trades to each counter party only to find out that Deutsche Bank's part of this system was auto controlled from an outside person or persons in terms of sales/transactions, etc. in the days leading up to the Towers being hit by the airliners as well as just immediately hitting the towers and the same Marsh McClennan Offices in the top of One of the Towers. All the folks in that Office were killed and many them knew about this insider and software issue so they were told to go to a meeting that morning in the Towers in which the other Officers visited the meeting through internet virtually from their apartments so they were spared the incineration the other guys at the meeting experienced. (*Corbett Report- Follow the Money -9-11 Video)
This same thing holds true with the Navy Jag Officers/Attorneys and accountants told to go
into the newly remodeled part of the Pentagon on 9-11 where they were burnt and killed
in this same fashion by the same goons who perpetrated the attack on the Pentagon.
(*No not Osama Bin Laden a CIA Asset, nor Mohamad Atta a fully funded CIA asset and
German funded and trained asset, but more so a international configuration of gangsters
that planned this crap out right to each and every specific thing. (*Dr. Joseph Farrell,
9-11 and Rogue Groups.)
As far as the market, I had a discussion with my oldest son, and after reviewing the markets,
it appears there's a full out economic battle underway if you do comparison analysis between
the oil barrel price versus "electric car manufacturers", electric battery producers for car makers, as well as generator makers. They are all going in the tank right now as the oil per barrel goes up
so it's my own opinion, there are the holdovers of past decades pushing the oil up and the
bashing down the electric cars so as to "keep" oil king and oil consumption via gas and diesel
cars continuing as long as they can push that economic reality. In this same genre of people
doing this, they are also pushing down silver, platinum and other metals inclusive of copper,
because they still need and want to produce their consumer "widgets" if you will and sell
them with lower cost rudimentary metal costs for production. They already have the robotic
manufacturing plans predominantly so their human costs for labor has dropped to lower
levels and they place those factories in less regulated environmentally as well as labor
law Nations and Regions thereby providing themselves with "lowest" cost production per unit
for those widgets or things then supposedly selling those widgets at higher profits in the
developed nations for most profit margin.
Consequently, you will see tsunami waves shortly I'm not sure when but this is an all out
brawl going as Climate Change, electric cars, batteries, wind and other exponentially
consequential energy producing technologies and transportation technologies are
now being produced and pushed out slowly so that our systems don't have any
societal shock from this innovation coming into play and also action plans.
Now, this sounds very innocuous at first glance, "but" when you consistently push down labor
and regulation you end up with more and more lower middle class and lower class people in
any given nation or region that simply do "not" have the discretionary dollars or currency of
their nation to buy more and more "stuff". This process is almost like a physics rule or law
in which the system "defeats" itself by devouring the actual productive human parts of that
very same system equaling less and less productive and labor with discretionary dollars so
more and more tendencies toward robotics and more efficiencies "without" the common
goal and objectives to maintain quality jobs and income for the most people in each nation.
I agree with Greg, you should buy silver, gold and crypto currencies in that order and dally
in some calls and put options or straddle position if you're not sure which way the market
will turn over time and under the current circumstances we find ourselves all in. "But" always
be "vigilante and prepared" to move in and out of the market each and every hour and day
as long as you're making some type of reasonable profit or return on your investment(s).
Was caught up on this early last year... I can't actually follow your trades as I can't really find a suitable options trading platform in Europe... They all ask salaries of 100k+ or 50k+ in savings to open an account. Do you have any recommendation? I only have what they call a spreadbetting account.
etoro is what I use when following Greg. (i am in Europe) We only have the option to buy and sell the CFD|stock. Option trading in Europe for the retail investor, forget about it.... We cant do everything Greg suggests, but it still makes money....
Jerome, do you know if it's possible to follow Greg on Spreadbetting? I haven't figured it out as I've dome some paper trading following it and don't see what he's suggesting in terms of profits :)
if you can find a platform that offers spread betting ( on all the tickers (shares) ) that Greg posts on the news letter than there is no problem following him that way. I personally have not used spread betting. I do see the benefits as its tax free, because its gambling really. Check to see that companies in the US are listed with the broker you choose... I got into trading with 1000 dollars and I kept adding as I was able to make a tiny profit, by following Gregs advice. For example yesterday, I followed the dip in bitcoin continuously, I opened 7 separate trades on bitcoin at different prices. Today you have many people that are angry, saying they lost lots of money, but they are looking at it all wrong. Yesterday was a buying opportunity...Your very welcome to chat me further via email and I can help further.... or we can keep commenting on this platform. I am using a platform that offers CFD,s, Buy(calls,going long....) or sell (shorting,predicting shares to drop) options.. Thats all I have but can still follow Greg on most things. I cannot follow him on Sell Puts though, using this platform.
Yep tax free is key for me... I pay too much already to these a-holes with income tax. Yes my spreadbet allows for all those tickers, however not sure how to follow his trade alerts...
For example the last one I see is buying ITM calls 3months out on INTC. At that moment INTC was trading at ~62.26 if I was to buy at that moment the next two days would proceed to go to ~60.60 the day after up to 63.07 and few days later to ~59.49... Sometime I see that he mentions between 2-15% profits on specific trades, but following those trades I don't see those %, sometimes I see the price trading even lower than entry level making it a loss... So I'm sure I'm doing something wrong :)
As for cryptos I don't do trading on them, I'm holding them, with a ~250% paper fiat profit.
Firstly Greg enters the trade before we get in so the price will never be the same for us on Entry, And when you take the brokers spread(has your broker got spread fees?, in my case the share is always dearer than the actual price 1-2%) .
Gregs new way of saying He made a trade is:
"Lions.. consider buying ITM calls which expire out AT LEAST 3 months on INTC."
He is not saying the entry price any more as it confuses people. so you just buy intel when he says buy. As close to the email alert time, as possible. Now after that you need to manage your position. He might say he is "buying the dip" on INTC, so now you need to buy INTC again at a lower price. Eventually he tells you to pull profit.
His gains I can never fully understand, but He must be re entering the position again and again, many times in order to pull the profit he is stating. Your assuming you buy once and wait for the sell. He doesn't use leverage ( which might give you these types of gains)..
My advice to you, if your making any gain, consistently and you account is in the Green, then Gregs advice is working for you. Form your own strategy around that. You have to watch a few months worth of videos consistently to really get confident with your strategy or buying, selling, buying the dips and so on..
btw way, I went in on INTC trade, when he said, bought the dips, got out before he advised a sell, and re entered at a lower price, ( than the original call by Greg ),bought more dips and now Im waiting for his call to sell..( or not) Thats an example of a strategy I use. ( I also look at the graph when I entered to see its last 3 months movement. Is it at a price that it was never at before, or is it below the price that it usually sits at for a long period of time)
Don't trade with margin! *proceeds to tell everyone to write naked put options smh*
WTF?? He has no idea what he's doing. If your selling naked puts there are requirements. Will, he's going to BBQ his flock. Glad you see this.
Thanks Paul, glad you do too. It could be so easily corrected, and I honestly thought he misspoke maybe a week or so ago originally, but he keeps repeating the same, terrible, advice. People need to understand what he's actually saying and stop following blindly like a cult.
Will, were at a negative gamma slant (below 3850 on SPX). Now Market Makers/hedge funds who provide liquidity are shorting into the market. We break 3800 WATCH OUT, half of Greg's Lions will be eaten alive.
Trade safe my friend.
Exactly. It's strange too because he has been saying lately that there is a risk of a pull back. Granted, I think he believes long run trend upwards, but if that risk feels imminent, why don't we wait to sell puts a bit here at the very least lol. Better yet, never sell puts unless you definitely want to own the name, but that's just me.
BTW where do you see the broker/dealer negative gamma position below 3850? Is it a paid resource? Good eye btw and good to know. Kids, what does that mean? If you cannot answer, stop blindly selling puts.
Hey, I pay for the info. I just checked updated data it still remains the same. Below 3850 and 3800 respectively are the major key levels. Need to watch the VIX as well to gauge. VIX is setting itself up for a larger movement. Storm clouds are here almost ready to fire. I Suspect a breach below 3800 is where the fun truly begins.
P.S. A break above 3850 (closing) with a lower VIX you can play to 3900 SPX
Thank you for the kind words.
Do you have a link to the info?
he said do not trade with margine use options as leverage try and keep up
Hey man, stay away from options until you learn. Your comment shows what little you know. Not trying to be an A$$, but your in over your head. Save your money and properly educate yourself.
lol ok Derek, I'll try.
Margin will wipe you out!!!!!
Margin scary! Option good.
Greg,
Wtf are people thinking? I have friends who are using x10 leverage on crypto. 3 months of gains REKKT in 2 days
Risk on, people think it is a casino. Here in Holland banks started advertising for first timers to invest in the stock market. Crooks. It's a Freak Show.
Hmmm... that sounds eerily like 1929 when you could get stock tips from cab drivers.
I am a cab driver 🤣
No margin here.
Buying Stocks on Margin is crazy stuff. This is what happened pre 1929 Depression leaving
all the Margin Buyers of collapsed stocks to pay up and they couldn't. So they jumped off
buildings, etc. as they were screwed. When the Broker House Makes Their Margin Calls
that's it you are required to pay the house. This is when lots of margin buyers committed
suicide off buildings, bridges etc. in the 1929 collapse. Don't be too greedy as it is as
Greg has consistently said the pigs that are slaughtered "not" the Bulls or the Bears!
I agree with Greg, consider doing prudent calls when there are possible market up swings
coming or puts when the market just prior to the market going down. The Call and Put Options contrary to the current use was specifically created to "protect" one's own position in a stock or commodity from large losses due to market swings in the underlying stocks or commodities. Now, more folks just see it as a multiplier where they can bet against the House "but" the House in effect are the Markets regardless of the JP Morgan finagling etc. and when a "market" is entirely built on margin purchases and/or betting on top of bets you end up with chronic and repetitive bad outcomes for the larger investment community and investors specifically. The House always weathers the storm in some fashion. The Big Short Movie advises on how the collapses of markets happen but investors, who had made money previously have this undying belief that the "basketball player" who just made three three pointers in a row will continue to
make them! But in the end he eventually misses and yet the bettors continue to place bets
on the initial bet on him continuing to make the three pointers, then the additional side bets on those bets and then on even the derivative cdo bets on top of bets equaling quadrillions of dollars of risk- bets that eventually pile up and then collapse as that market crashes and burns
from over betting and then subsequent requirements to pay all the winning bettors on those
bets as well as negative actual fundamentals of the underlying commodities, stocks or real
estate the bets were made on. A Bullish Market psychology can make even the most prudent
investors move to imprudent behavior as explained even with bad fundamentals and yet they persist in those bets because "they" "believe" they will win in those bets.
This doesn't mean you shouldn't invest "but" as I said be "critically aware" of market conditions
such as the dxy, the US 10 year as well as international and domestic potential risks of more
down trending or conversely up trending in markets. I think right now we're in a critical juncture
as you see some tv analysts telling folks now is the time to buy hotel stocks and air line stocks
as the vaccines are injected throughout the world such as Marriott or Southwest Airlines.
It only took insider information which reached multiple hands through leaking the intel before
9-11 to "short" American Airlines, United Airlines and other stocks as they would be sued and/or
their stock values would plummet after those attacks. This information came out of of One of the Towers where Marsh McClennan was operating and had made a software to do multiple quick trades to each counter party only to find out that Deutsche Bank's part of this system was auto controlled from an outside person or persons in terms of sales/transactions, etc. in the days leading up to the Towers being hit by the airliners as well as just immediately hitting the towers and the same Marsh McClennan Offices in the top of One of the Towers. All the folks in that Office were killed and many them knew about this insider and software issue so they were told to go to a meeting that morning in the Towers in which the other Officers visited the meeting through internet virtually from their apartments so they were spared the incineration the other guys at the meeting experienced. (*Corbett Report- Follow the Money -9-11 Video)
This same thing holds true with the Navy Jag Officers/Attorneys and accountants told to go
into the newly remodeled part of the Pentagon on 9-11 where they were burnt and killed
in this same fashion by the same goons who perpetrated the attack on the Pentagon.
(*No not Osama Bin Laden a CIA Asset, nor Mohamad Atta a fully funded CIA asset and
German funded and trained asset, but more so a international configuration of gangsters
that planned this crap out right to each and every specific thing. (*Dr. Joseph Farrell,
9-11 and Rogue Groups.)
As far as the market, I had a discussion with my oldest son, and after reviewing the markets,
it appears there's a full out economic battle underway if you do comparison analysis between
the oil barrel price versus "electric car manufacturers", electric battery producers for car makers, as well as generator makers. They are all going in the tank right now as the oil per barrel goes up
so it's my own opinion, there are the holdovers of past decades pushing the oil up and the
bashing down the electric cars so as to "keep" oil king and oil consumption via gas and diesel
cars continuing as long as they can push that economic reality. In this same genre of people
doing this, they are also pushing down silver, platinum and other metals inclusive of copper,
because they still need and want to produce their consumer "widgets" if you will and sell
them with lower cost rudimentary metal costs for production. They already have the robotic
manufacturing plans predominantly so their human costs for labor has dropped to lower
levels and they place those factories in less regulated environmentally as well as labor
law Nations and Regions thereby providing themselves with "lowest" cost production per unit
for those widgets or things then supposedly selling those widgets at higher profits in the
developed nations for most profit margin.
Consequently, you will see tsunami waves shortly I'm not sure when but this is an all out
brawl going as Climate Change, electric cars, batteries, wind and other exponentially
consequential energy producing technologies and transportation technologies are
now being produced and pushed out slowly so that our systems don't have any
societal shock from this innovation coming into play and also action plans.
Now, this sounds very innocuous at first glance, "but" when you consistently push down labor
and regulation you end up with more and more lower middle class and lower class people in
any given nation or region that simply do "not" have the discretionary dollars or currency of
their nation to buy more and more "stuff". This process is almost like a physics rule or law
in which the system "defeats" itself by devouring the actual productive human parts of that
very same system equaling less and less productive and labor with discretionary dollars so
more and more tendencies toward robotics and more efficiencies "without" the common
goal and objectives to maintain quality jobs and income for the most people in each nation.
I agree with Greg, you should buy silver, gold and crypto currencies in that order and dally
in some calls and put options or straddle position if you're not sure which way the market
will turn over time and under the current circumstances we find ourselves all in. "But" always
be "vigilante and prepared" to move in and out of the market each and every hour and day
as long as you're making some type of reasonable profit or return on your investment(s).
where's Greg?! His computer got broken again?
You sell options using credit spreads. It's in his book. It's not naked selling.
Is it time to add to spy calls?
What about buying FNF
NO PAIN NO GAIN!! YOLO FOMO!!!!!!!! hahahahahahaha
Greg is it time to short the NASDAQ with QID?
What about stocks with my own money?
takes 3 days to clear if you don't have margin account..never BUY on margin
thats the only way to buy them
Was caught up on this early last year... I can't actually follow your trades as I can't really find a suitable options trading platform in Europe... They all ask salaries of 100k+ or 50k+ in savings to open an account. Do you have any recommendation? I only have what they call a spreadbetting account.
Here in the US, I believe it is illegal for your employer to divulge your salary, so what ever you write down that's what they have to go by.
I use Binck in Holland, we also have Lynx. Most brokers say they can help you but when you sign up you can only trade in a very limited way.
Binck and Lynx do options on US Stocks
etoro is what I use when following Greg. (i am in Europe) We only have the option to buy and sell the CFD|stock. Option trading in Europe for the retail investor, forget about it.... We cant do everything Greg suggests, but it still makes money....
Jerome, do you know if it's possible to follow Greg on Spreadbetting? I haven't figured it out as I've dome some paper trading following it and don't see what he's suggesting in terms of profits :)
Hi
if you can find a platform that offers spread betting ( on all the tickers (shares) ) that Greg posts on the news letter than there is no problem following him that way. I personally have not used spread betting. I do see the benefits as its tax free, because its gambling really. Check to see that companies in the US are listed with the broker you choose... I got into trading with 1000 dollars and I kept adding as I was able to make a tiny profit, by following Gregs advice. For example yesterday, I followed the dip in bitcoin continuously, I opened 7 separate trades on bitcoin at different prices. Today you have many people that are angry, saying they lost lots of money, but they are looking at it all wrong. Yesterday was a buying opportunity...Your very welcome to chat me further via email and I can help further.... or we can keep commenting on this platform. I am using a platform that offers CFD,s, Buy(calls,going long....) or sell (shorting,predicting shares to drop) options.. Thats all I have but can still follow Greg on most things. I cannot follow him on Sell Puts though, using this platform.
Yep tax free is key for me... I pay too much already to these a-holes with income tax. Yes my spreadbet allows for all those tickers, however not sure how to follow his trade alerts...
For example the last one I see is buying ITM calls 3months out on INTC. At that moment INTC was trading at ~62.26 if I was to buy at that moment the next two days would proceed to go to ~60.60 the day after up to 63.07 and few days later to ~59.49... Sometime I see that he mentions between 2-15% profits on specific trades, but following those trades I don't see those %, sometimes I see the price trading even lower than entry level making it a loss... So I'm sure I'm doing something wrong :)
As for cryptos I don't do trading on them, I'm holding them, with a ~250% paper fiat profit.
Firstly Greg enters the trade before we get in so the price will never be the same for us on Entry, And when you take the brokers spread(has your broker got spread fees?, in my case the share is always dearer than the actual price 1-2%) .
Gregs new way of saying He made a trade is:
"Lions.. consider buying ITM calls which expire out AT LEAST 3 months on INTC."
He is not saying the entry price any more as it confuses people. so you just buy intel when he says buy. As close to the email alert time, as possible. Now after that you need to manage your position. He might say he is "buying the dip" on INTC, so now you need to buy INTC again at a lower price. Eventually he tells you to pull profit.
His gains I can never fully understand, but He must be re entering the position again and again, many times in order to pull the profit he is stating. Your assuming you buy once and wait for the sell. He doesn't use leverage ( which might give you these types of gains)..
My advice to you, if your making any gain, consistently and you account is in the Green, then Gregs advice is working for you. Form your own strategy around that. You have to watch a few months worth of videos consistently to really get confident with your strategy or buying, selling, buying the dips and so on..
btw way, I went in on INTC trade, when he said, bought the dips, got out before he advised a sell, and re entered at a lower price, ( than the original call by Greg ),bought more dips and now Im waiting for his call to sell..( or not) Thats an example of a strategy I use. ( I also look at the graph when I entered to see its last 3 months movement. Is it at a price that it was never at before, or is it below the price that it usually sits at for a long period of time)
are w talking margin with options or margine with stock or just no margin at all?
Thanks Greg you are so sweet you really care about your lions....😊💪🏼