There was no reason to hang onto that Put because my Delta was -0.01 and Theta was -0.20 so I was losing $2.00 a day on time value loss and gaining nothing in profit because the market is not moving. On a cheap option Theta can kill you. I was simply paying for my brokers dinners.
Yes I lost money selling, but now I have what's left to buy another option. When the market is ranging and your option is not making profit AND you're getting hit with Theta......you gotta make decisions to hang on to that option or not. I chose to get out.
thanks for all you do , can't wait to show you my appreciation in paypal
Great attitude Karen!
I really want a pullback... just give me a small one..... a small correction, PLEASE
Hahahahahahahaha! I know how you feel.
hello, Gregory, If you need help let me know
Thank you for the frequent updates
Mahalo
BOT +1 30 June 2021 SLV Call Strike 44 @0.52
yes great job...
I knew my RTX would pay...
SOLD +1 QQQ 18 DEC 2020 Put Strike 198 @0.17
There was no reason to hang onto that Put because my Delta was -0.01 and Theta was -0.20 so I was losing $2.00 a day on time value loss and gaining nothing in profit because the market is not moving. On a cheap option Theta can kill you. I was simply paying for my brokers dinners.
Oops, typo....I meant Theta was -0.02
did you lose money selling? with how crazy this market is, did you not think $2 per day may be made up soon?
Yes I lost money selling, but now I have what's left to buy another option. When the market is ranging and your option is not making profit AND you're getting hit with Theta......you gotta make decisions to hang on to that option or not. I chose to get out.
when were they dated?
Just one Put option I sold with an expiration date of 18 Dec 2020
I kept my 20 Nov 2020 Put.
My SLV options have 0.00 Theta loss so we can sit here all day long ranging. I'm losing no time value. Hahahahahahahaaaaaa!
Are you still waiting a day or two before trading again??