Thanks Greg, I bought INTC calls last week because they got beat down so bad even though they had a GREAT earnings report, and the stock dropped because the CEO mentioned that they are making so many chips that they are having to outsource manufacturing, VERY much room to move way up!!!
Gives along time before the option expires and it holds its value longer through the life of the option. Options consist of 2 values, 1st= Intrinsic value that is the price you payed for the option, and 2nd= extrinsic value that is what the option is worth to somebody else that will pay you a profit when you sell the option. Long dated options hold value longer and short dated options that are not at the break even price (strike price of option + the price you paid for the option) as the option is nearing expiration will lose value very quickly and end up at "0" and worthless at expiration. If you don't want to buy out that far at least go a month or two out and It will give you enough time for the options to work, plus to they are not as expensive. The % profit is the same for a long dated option that you paid 30.00, as it is for a short dated option you paid 1.50, and you can make BIG % profits on long dated options too if the option performs well. The longer you let the position play out the BIGGER the PROFIT you will gain, so it doesn't really matter about long or short dated options when it comes to taking a quick profit, but imagine if you had a long dated call option you let run up for a year??? you could make 400% to 500% if it kept going up!!!
To be on the safe side, he rather close positions with 5% profit rather than risky play that could give 50% profits. Small profits will build up big profits by time :)
I don't know how to Option Trade, in fact I have never bought any stocks. I am fed up of sitting on cash that is useless. Is it still good if I just get an etrade account and buy the stocks one day and then sell them the next day or two after they go up a little? I am going to do this daily just trying to make a little bit of $ at a time.
Did you open up an account yet? First things first, some are intimidated just to go that far. At least get that done and you'll feel better, feel like you made some progress getting set up. Go to trading sites and just watch what people are doing there at least for several days. I've been trading off and on for 25 years and never traded options.
Awesome! I wouldn't trust anybody more than Greg on Youtube. I got into penny stocks a few months ago but probably would have done better so far if I just stuck mostly with Greg's picks. GLD is up over 19% since I bought after his reco and I know there will be some losers sooner or later, I'm always mentally ready for that. fun woooooo!
I like the tight spread on this. I will go 52.5 though to bring down the Premium cost. I am shooting for $3.65 for the Premium cost. GM's pick is fine also. 1 Contract. Diversity is my hedge.
SLV and GLD he is not trading just stacking, you could trade it but be very careful with silver because it is very volatile. I have bought some calls on SLV considering what is happening to the dollar :)
Fellow Lions, I began option trading when Greg started the newsletter, and it soon became glaringly important that proper account management is the key to succeeding in this game. What percentage of your options account do you try to keep in cash as dry powder in order to buy new options or add to existing positions? I understand this is a moving target, but there must be some parameters that you follow. Thanks in advance for your response.
Hey Greg wanted to say thank you for all you do. I noticed you talk about your crypto positions sometimes but I havent seen anything about it on the newsletter so far. If you see this and have time I was wondering if you will talk about taking any crypto profits or if you are HODL-ing until the collapse when the value should be way higher?
I would recommend taking some courses in options trading, and most brokers offer very good courses so you can learn the basics pretty quick, but the real learning comes when you jump into actual trading...lol. You will learn real quick what not to do first so start slow. Options trading has much more leverage and requires less cash to control 1 contract which is 100 shares of that stock and can make a lot more profit than swing trading buying the actual stock, plus when you buy actual stock the only way to make a profit is if it goes up, and with options you can buy PUTS and make money if the stock goes down. Hope that helps!!!
But doesn't it take a lot more time of your day? I have a full time job. The only way I learn stuff is by doing it unfortunately I might have to learn the hard way. Reading about it doesn't help me.
I just watched videos on it. I do not understand it one bit honestly. Makes no sense at all. But I am just going to copy everything Greg does and play with it. It's just money and I want to learn.
Options trading is only while the markets are open during the day, except for a few options that you can trade 24/7, and you will want to keep and eye on your options and what they are doing during the day, so you might be better to swing trade and you can trade stocks during the day and even after hours. I would still recomend watching some tutorial videos and taking some courses on the platform to help you better understand how and what to do and when!!!
Thanks Greg, I bought INTC calls last week because they got beat down so bad even though they had a GREAT earnings report, and the stock dropped because the CEO mentioned that they are making so many chips that they are having to outsource manufacturing, VERY much room to move way up!!!
INTC is still tanking. I am going to load up on some calls too!
Got it and an nice on with appl :-) Thanks Greg
Anyone know why Greg prefers expiration this far out for his calls?
Gives along time before the option expires and it holds its value longer through the life of the option. Options consist of 2 values, 1st= Intrinsic value that is the price you payed for the option, and 2nd= extrinsic value that is what the option is worth to somebody else that will pay you a profit when you sell the option. Long dated options hold value longer and short dated options that are not at the break even price (strike price of option + the price you paid for the option) as the option is nearing expiration will lose value very quickly and end up at "0" and worthless at expiration. If you don't want to buy out that far at least go a month or two out and It will give you enough time for the options to work, plus to they are not as expensive. The % profit is the same for a long dated option that you paid 30.00, as it is for a short dated option you paid 1.50, and you can make BIG % profits on long dated options too if the option performs well. The longer you let the position play out the BIGGER the PROFIT you will gain, so it doesn't really matter about long or short dated options when it comes to taking a quick profit, but imagine if you had a long dated call option you let run up for a year??? you could make 400% to 500% if it kept going up!!!
To be on the safe side, he rather close positions with 5% profit rather than risky play that could give 50% profits. Small profits will build up big profits by time :)
I bought one contract of INTC:
June 18 2021 $50 calls.
My First call option ever, wish me luck...
I don't know how to Option Trade, in fact I have never bought any stocks. I am fed up of sitting on cash that is useless. Is it still good if I just get an etrade account and buy the stocks one day and then sell them the next day or two after they go up a little? I am going to do this daily just trying to make a little bit of $ at a time.
Did you open up an account yet? First things first, some are intimidated just to go that far. At least get that done and you'll feel better, feel like you made some progress getting set up. Go to trading sites and just watch what people are doing there at least for several days. I've been trading off and on for 25 years and never traded options.
Yes. Thank you. I opened an etrade account and deposited $10k.
Going to start playing with it tomorrow.
I say playing with it because that's just how I'm going to have to look at it.
I feel like I'm sort of going to Vegas in a way. 🤷🏼♀️ After watching Greg for years now, it's worth taking a chance on what he says to do.
Awesome! I wouldn't trust anybody more than Greg on Youtube. I got into penny stocks a few months ago but probably would have done better so far if I just stuck mostly with Greg's picks. GLD is up over 19% since I bought after his reco and I know there will be some losers sooner or later, I'm always mentally ready for that. fun woooooo!
I like the tight spread on this. I will go 52.5 though to bring down the Premium cost. I am shooting for $3.65 for the Premium cost. GM's pick is fine also. 1 Contract. Diversity is my hedge.
how about SLV and GLD?
I would play SLV and GLD long dated at least 4 months out. I have 25$ at 1/15/2020. But like Greg and demir says SLV very volitale
SLV and GLD he is not trading just stacking, you could trade it but be very careful with silver because it is very volatile. I have bought some calls on SLV considering what is happening to the dollar :)
Fellow Lions, I began option trading when Greg started the newsletter, and it soon became glaringly important that proper account management is the key to succeeding in this game. What percentage of your options account do you try to keep in cash as dry powder in order to buy new options or add to existing positions? I understand this is a moving target, but there must be some parameters that you follow. Thanks in advance for your response.
Hey Greg wanted to say thank you for all you do. I noticed you talk about your crypto positions sometimes but I havent seen anything about it on the newsletter so far. If you see this and have time I was wondering if you will talk about taking any crypto profits or if you are HODL-ing until the collapse when the value should be way higher?
do u watch Johnny Bravo much?
Not sure what that is why?
His channel is actually entertaining and stock market related. https://www.youtube.com/channel/UCXmAl7cO_eWT_JFxgI74lgA
he is a you tuber that says 'HODL-ing" a lot...
A call means you're expecting it to go down yes?
No, you buy a Call is when you expect the stock price to go up, and you buy a PUT is when you expect the stock price to go down.
Ooooh! Thank you.
I would recommend taking some courses in options trading, and most brokers offer very good courses so you can learn the basics pretty quick, but the real learning comes when you jump into actual trading...lol. You will learn real quick what not to do first so start slow. Options trading has much more leverage and requires less cash to control 1 contract which is 100 shares of that stock and can make a lot more profit than swing trading buying the actual stock, plus when you buy actual stock the only way to make a profit is if it goes up, and with options you can buy PUTS and make money if the stock goes down. Hope that helps!!!
But doesn't it take a lot more time of your day? I have a full time job. The only way I learn stuff is by doing it unfortunately I might have to learn the hard way. Reading about it doesn't help me.
I just watched videos on it. I do not understand it one bit honestly. Makes no sense at all. But I am just going to copy everything Greg does and play with it. It's just money and I want to learn.
I am just going to do whatever Greg does.
Options trading is only while the markets are open during the day, except for a few options that you can trade 24/7, and you will want to keep and eye on your options and what they are doing during the day, so you might be better to swing trade and you can trade stocks during the day and even after hours. I would still recomend watching some tutorial videos and taking some courses on the platform to help you better understand how and what to do and when!!!