Hey Greg, what do you think about opening put positions when a call is closed? I'm considering a spread technique to lock in on profits while I wait for another call. I agree that the market is constantly manipulated to go higher but would like to always be exposed somewhere ton potential profits.
I have noticed Greg usually closes conservatively early. You may have to wait for a put to produce. I would say watch for it to start to tank and try the put. Good idea, i'll be watching to see if that can work.
I still hold XLE and EBAY so if they drop before I show a profit I will add to them later. I hope you guys picked you a few LIGHTING STRIKE PUTS!!! Always cover yourself for a downturn with a put or two, and GET YOUR DRY POWDER READY!!!
I'm holding XLE too as that's the only one I'm currently losing money on yet I just bought it last week and since it's expiry isn't until March there should be room if the energy sector rebounds a bit. What's you strategy for the use of PUTS with Greg's picks? Are you buying a PUT on the same asset as a spread?
No, I buy a covered put just like a call except just the opposite of when you buy a call. When a stock pulls back I buy a call, and when a stock peaks out I will buy a put. I'm mainly long most of the time like Greg, but if you know a pullback is inevitable then why not go short and make $$$.
+5% thx Uncle Mufasa
Thanks Greg. Got my money back on MSFT today 😊 what about XLE, DAL, and AAPL do you still hold them, not sell just yet right?
Hey Greg, what do you think about opening put positions when a call is closed? I'm considering a spread technique to lock in on profits while I wait for another call. I agree that the market is constantly manipulated to go higher but would like to always be exposed somewhere ton potential profits.
I have noticed Greg usually closes conservatively early. You may have to wait for a put to produce. I would say watch for it to start to tank and try the put. Good idea, i'll be watching to see if that can work.
Thanks Greg closed my MSFT position too with 4% profit.
he is closing most of his positions with very little profit. i'm a bit worried for the ones in red if there is something going on....
XLE is a loss for me but can’t complained. I closed all
My positions except XLE!
I still hold XLE and EBAY so if they drop before I show a profit I will add to them later. I hope you guys picked you a few LIGHTING STRIKE PUTS!!! Always cover yourself for a downturn with a put or two, and GET YOUR DRY POWDER READY!!!
I'm holding XLE too as that's the only one I'm currently losing money on yet I just bought it last week and since it's expiry isn't until March there should be room if the energy sector rebounds a bit. What's you strategy for the use of PUTS with Greg's picks? Are you buying a PUT on the same asset as a spread?
No, I buy a covered put just like a call except just the opposite of when you buy a call. When a stock pulls back I buy a call, and when a stock peaks out I will buy a put. I'm mainly long most of the time like Greg, but if you know a pullback is inevitable then why not go short and make $$$.