I decided to get out of my XLF 40 Call trade at 60% profit. I wanted to stay in, I wanted MORE, but I keep getting SHELLACKED by staying in too long so I got out. I gotta get back to nickel and diming these jokers. Low and slow is what I gotta do.
Also just decided to sell the XLF 42 Call and the CPER 34 Call at 33% and 8% profits respectively. I sold the DIA 430 Call for a -6% loss. I don't know why I bought the DIA option in the first place. It needs to travel 5 handles before it goes to the next strike. Aaaah, I feel better now! 😎
Good decision. Dr. Copper target about 5, down to about 4.3, up to about 5.3 - and finish. Keep your eyes on Copper. At about 5.3 we may see a big surprise in the markets. Will take a while. 2 years?
I don't know how to trade those just yet. There is no teacher good enough to explain them well to me. I had a great teacher explain "about" them, but didn't explain about how to close the positions one leg at a time. Is there like some "secret" surrounding closing out single legs on multi-legged options or something because no one seems to teach on the subject?
Usually you would close all the legs at the same time as one single trade. You can close one leg at a time if the value of the option that you sold is near $0.
Youtube should have plenty of videos explaining options. You can also learn a lot about options at tastytrade.com. I don't follow their trades.
Filing for taxes gets complicated when you buy and sell options.
Yes, I know you "normally" close out the whole option at once, but one of my online trading mentors said you can close out one leg at a time depending on the situation, but didn't explain how. I wasn't going to pay big bucks to find out.
Maybe the two videos above will help to explain the matter. I'll download them to my comp right now.
German government follows the Masters of Puppets. Put is in the positive. Now speculating for about 14700 to take profit. Will not accept a loss anymore in the trade. Now: Dow +230 points, Dax -100points.
Join the club. The American politicians are puppets too. It's funny how those dumb trump voters stormed the capital thinking they were going to "take back America"...from who? From the politicians in Congress? Hahahahahahahaa! Those politicians in D.C. control nothing. Those trumpanzees stormed the capitol building for absolutely no reason.
The trumpanzees fight against BLM, ANTIFA, Libtards, DemonRATS etc. when those people have no bearing on anything in America. The Masters of Puppets, as you call them, are in control, but the trump voters don't fight against them. They are letting America BE DESTROYED by the Masters of Puppets!! Hahahahahahahahahahaaaaa! Your English is quite good dude.
America IS DOOMED! Hahahahahahahahahahahahahahahaaaaaaaa! 🤣 🤣 🤣
JPM is up big now. I was thinking this will be the first trade I would lose. Instead I doubled down and overall in the green now. Silver is the only investment that has done absolutely nothing for me.
I bought that PYPL calls and got HAMMERED although I only bought it today (it went down even more since yesterday). Thanks for the tip...
By the way same for BABA and INTC, SUPER tips ...
LOL. Don't worry, you'll get it all back in time.
I decided to get out of my XLF 40 Call trade at 60% profit. I wanted to stay in, I wanted MORE, but I keep getting SHELLACKED by staying in too long so I got out. I gotta get back to nickel and diming these jokers. Low and slow is what I gotta do.
https://docs.google.com/document/d/1sI2-WjKi_CPAivcO2Rrw8bItnxC81x7u5wflHJ70Olo/edit?usp=sharing
Also just decided to sell the XLF 42 Call and the CPER 34 Call at 33% and 8% profits respectively. I sold the DIA 430 Call for a -6% loss. I don't know why I bought the DIA option in the first place. It needs to travel 5 handles before it goes to the next strike. Aaaah, I feel better now! 😎
Good decision. Dr. Copper target about 5, down to about 4.3, up to about 5.3 - and finish. Keep your eyes on Copper. At about 5.3 we may see a big surprise in the markets. Will take a while. 2 years?
Thanks! Yeah, copper is looking a little bit overblown now and ready to retrace. If it doesn't I won't cry. If it does, I'll buy the dip.
If you are trying to nickel and dime your positions, you might want to use spreads or calendars. They will lower your max lost.
I closed my XLF position too for a nice profit. I'm waiting for XLF to go down again.
I don't know how to trade those just yet. There is no teacher good enough to explain them well to me. I had a great teacher explain "about" them, but didn't explain about how to close the positions one leg at a time. Is there like some "secret" surrounding closing out single legs on multi-legged options or something because no one seems to teach on the subject?
Usually you would close all the legs at the same time as one single trade. You can close one leg at a time if the value of the option that you sold is near $0.
Youtube should have plenty of videos explaining options. You can also learn a lot about options at tastytrade.com. I don't follow their trades.
Filing for taxes gets complicated when you buy and sell options.
Thanks for the idea. I looked on YouTube and found:
https://www.youtube.com/watch?v=xjiQxQY78XI
https://www.youtube.com/watch?v=7W3g1rQxDV4
Yes, I know you "normally" close out the whole option at once, but one of my online trading mentors said you can close out one leg at a time depending on the situation, but didn't explain how. I wasn't going to pay big bucks to find out.
Maybe the two videos above will help to explain the matter. I'll download them to my comp right now.
Thanks Bruce!
-40% on INTC, -70% on BABA
those baba calls were so damn expensive, mine are down 90% & Jun 18th is just around the corner...could be super fuked
I bought all the way down, got MUCH too big this position, shoud've sold at the spike up
Dax down. Dax Put still running. >>> expect more to come ...
GDAX weekly chart.....
https://docs.google.com/document/d/1io96Qb--USe012Aq3Wh3cTortTk2zRbO3MXTaLAt_KI/edit?usp=sharing
You don't think the German government is going to prop up the GDAX?
German government follows the Masters of Puppets. Put is in the positive. Now speculating for about 14700 to take profit. Will not accept a loss anymore in the trade. Now: Dow +230 points, Dax -100points.
Join the club. The American politicians are puppets too. It's funny how those dumb trump voters stormed the capital thinking they were going to "take back America"...from who? From the politicians in Congress? Hahahahahahahaa! Those politicians in D.C. control nothing. Those trumpanzees stormed the capitol building for absolutely no reason.
The trumpanzees fight against BLM, ANTIFA, Libtards, DemonRATS etc. when those people have no bearing on anything in America. The Masters of Puppets, as you call them, are in control, but the trump voters don't fight against them. They are letting America BE DESTROYED by the Masters of Puppets!! Hahahahahahahahahahaaaaa! Your English is quite good dude.
America IS DOOMED! Hahahahahahahahahahahahahahahaaaaaaaa! 🤣 🤣 🤣
JPM is up big now. I was thinking this will be the first trade I would lose. Instead I doubled down and overall in the green now. Silver is the only investment that has done absolutely nothing for me.
Hey any advice on your Netflix amd intel trade looking
Big spread and few open interest in the SEP21 expiry ... (worse in AUG21)