2.3 trillion infrastructure plan bodes well for stocks. I will say 1.5 trillions may go to China as every American company imo buys from China. Most of the parts/material come from China. H1B visa restriction has been shelved. So workers will come from Mexico. Need to follow the money.
I see. I was picking 21 days expiration before and sometime it was not working very well. I have't try debit spread yet. Is it riskier than debit spread?
Shorter expiration options sounds good on paper. You win big and quick but the opposite can also happen. You have to be correct in your assumptions or you have a total lost. The problem is people put a significant portion of their account into short term plays and then have a series of loses. I've been there and done that.
In term of risks, both credit spread and debit spread have the same risks in that there is maximum amount that you can lose.
Yeah, when over all market was up trend, it seems like working well, but it was pretty risky. I'll try longer options. Thank you for answering my questions, Bruce. Good luck with your trading :)
How much time do you reckon Greg spends writing fake 5 star reviews for his shitty book? The names he comes up with are pretty funny at least. I assume most comments on these posts are fake too.
I appreciate Greg’s recommendations and I understand puts and calls tho I have never done one, but I never know me is what to put as a strike price. How do people make that decision?
Daaaaamn! Congratulations WaveRider! Keep kicking ass buddy! The Market is providing YOU with THEIR money so LAUGH all the way to THE BANK! Hahahahahahahaaa!
Already have exposure to the financials with XLF calls.
XRP is making a run for it.
https://coinmarketcap.com/currencies/xrp/
Tron also.
https://coinmarketcap.com/currencies/tron/
Intc🔥
it was time to take profit in INTC
2.3 trillion infrastructure plan bodes well for stocks. I will say 1.5 trillions may go to China as every American company imo buys from China. Most of the parts/material come from China. H1B visa restriction has been shelved. So workers will come from Mexico. Need to follow the money.
MCGA? Make China Great Again?
You can bet republicans are going to do what they can to stop infrastructure spending.
Hahahahahahaaa! Yep.
In the last 4 years alone, republicans have proved to be just as bad democrats.
Hi, for credit spread, which expiration date is ideal?
2 to 3 months is good.
With longer time frame, you can wait for the stock to come around if it immediately goes against you after entering the trade.
How do you usually pick strike price for selling puts and credit spread?
I usually sell slightly in the money Put credit spreads at 5-6 months expiration. This is same position as buying out of the money Call debit spreads.
Most people sell out of the money Put spreads. They collect small premium but the trade has much higher probability of winning at least $1.
I see. I was picking 21 days expiration before and sometime it was not working very well. I have't try debit spread yet. Is it riskier than debit spread?
Shorter expiration options sounds good on paper. You win big and quick but the opposite can also happen. You have to be correct in your assumptions or you have a total lost. The problem is people put a significant portion of their account into short term plays and then have a series of loses. I've been there and done that.
In term of risks, both credit spread and debit spread have the same risks in that there is maximum amount that you can lose.
How did you learn how to trade option?
Yeah, when over all market was up trend, it seems like working well, but it was pretty risky. I'll try longer options. Thank you for answering my questions, Bruce. Good luck with your trading :)
Thank you very much for your advice :)
How much time do you reckon Greg spends writing fake 5 star reviews for his shitty book? The names he comes up with are pretty funny at least. I assume most comments on these posts are fake too.
Scam artist
If oil is going to go up, then this is a good opportunity to start accumulating XOP long term calls.
What happened to crude oil?
I appreciate Greg’s recommendations and I understand puts and calls tho I have never done one, but I never know me is what to put as a strike price. How do people make that decision?
He buys just in the money.
Thank you Susan. ITM is below the current price but still I don’t know how far below.
To buy a call just ITM would be the closest strike price under the current equity price.
Okay, that helps. Thanks. What about for a put?
This post says, Sell puts which expire out one month.
Apr 1 post says Sell way out of the money put which expire in about a month.
On 3/31, he told specific puts he sold on JPM
On 3/30, He said Sell OTM puts which expire out 3 months.
thank you, Susan
He recommends 6 months out for ITM calls.
i am in
bought 12.35 and sold 13.35
Profit 500. Thanks Greg
Daaaaamn! Congratulations WaveRider! Keep kicking ass buddy! The Market is providing YOU with THEIR money so LAUGH all the way to THE BANK! Hahahahahahahaaa!
V May 21 2021 210 Call 46 Days to Expiration
Looks like it's on the rise to me.
https://docs.google.com/document/d/189Ly-zjwD37ALQAqgSergt60c9o85VRjrGrNt6kqnSg/edit?usp=sharing