Hi "Lions", I have followed Greg since since the start of this newsletter. I love Greg, his heart for charity and his work. Please take what i have to say as good intention. Please DYOR before playing with options and even then be careful with spreads. What will you do if you are short a contract and someone exercised it? If you can't answer that, you need more education. If you're just trying to get rich, it won't happen and you will loose BIG. Instead of trading, please look into investing into dividend paying stocks instead. (Not financial advice). Context is, I know my ex has a huge appetite for gambling and got in at the high of highlighted stocks of jan/feb. Word from mutual friends is that he is now in financial ruin. Not my problem, he gambled on our relationship at New Years and got caught and lost. Please think about your future and only play with money you can loose. Anytime you buy a straight call, expect the money to be gone. Essentially, you are playing with an ice cube sitting on foil on a very hot day. Know your theta decay. Benefits the seller and not buyer.
Seems like he always recommends a trade AFTER it already gapped up 2-3% in the morning. And no reason to buy 6 months out if it's a swing trade. 2-3 months is more than enough.
Maybe he is using his stock screener that he setup for 100% free. Regardless, indicators lag. This was like the time when he recommended WFC a week later from when I sold weekly bullish CSP for a decent profit.
About a day late and should have bought Calls yesterday at 9 am. when the buy signal posted a low of $149.33 and sold this morning at $155.28!!! This makes no sense to buy Calls when you know that the stock will cycle back down??? Lions learn how to read technicals and wait until the bottom of the cycle at the buy signal to buy Calls and ride the wave up. If you buy at the top of the cycle then you should buy a Put and ride the wave down, but only if the stock is trending down. JPM is cycling down at the moment, so If you think it is going to trend back up at least wait until charts show the stock is trending back UP!!! Dropping like a rock so if you sold Calls or bought a Put you are showing a NICE PROFIT!!!
Hey William, Hope you well. JPM has a large gamma hedge at $150 (these levels are structured with the 4/16 expiration). Anything above $150 the Calls has a decent shot to carry ~$170 (not a straight line BUT enough call fuel). Below $150 Puts are the dominant force
Paul, JPM still falling and under pressure. I guess my question would be why a Professional Options trader would suggest to his followers to buy Calls at a high marker knowing that the stock was going to fall back down in the cycle??? This happens just about every time, so I wonder who the Call sellers are because they are making a KILLING, and can Buy the Calls back to close their positions before the stock starts to go back up, and then when the stock moves back up that would be the time to tell your followers to buy Calls and ride the wave up and sell for a profit. Seems like this happens way to often???
It's always likely options sellers that make a decent profits selling Covered Calls. Better to be the casino then to be a gambler as in the long run, the house always wins. It disheartens me that options buyers are typically those with very little capital trying to win big and do win in a bull run but end up loosing their gains plus some more in ranging days. When people are posting their gains... it reminds me of my partying days in Vegas. Slot machines makes huge noise when someone wins, draws more people in. Just learning to trade stocks let alone options in a bull run sets them up without knowing what to do in choppiness. TLDR: Instead of trading, set up a base of investing portfolio of dividend paying companies and do Covered Calls when price action runs into congestion on high technical to make money. (Not financial advice)
William, you know as well as I Greg is far from a professional trader. The levels I gave you are the most current option flow (gamma levels, support, Large PUT OI). Aside from game Stop where it was kinda known in most cases who just don't know. The model I use for equities assumes all calls and puts are bought outright by the public. (dealers are short).
Not sure if you caught this Greg was pitching some website that has scam written all over it (reviews confirm). With this in mind plus as another commenter caught he's recommending equities AGAIN from a few weeks ago (JPM). His Lions need to take notice. I take him as a VERY smart dude, but an bad teacher when it comes to trading options. Wonder if he's feeling the pressure of being canceled by different social platforms.
Hi "Lions", I have followed Greg since since the start of this newsletter. I love Greg, his heart for charity and his work. Please take what i have to say as good intention. Please DYOR before playing with options and even then be careful with spreads. What will you do if you are short a contract and someone exercised it? If you can't answer that, you need more education. If you're just trying to get rich, it won't happen and you will loose BIG. Instead of trading, please look into investing into dividend paying stocks instead. (Not financial advice). Context is, I know my ex has a huge appetite for gambling and got in at the high of highlighted stocks of jan/feb. Word from mutual friends is that he is now in financial ruin. Not my problem, he gambled on our relationship at New Years and got caught and lost. Please think about your future and only play with money you can loose. Anytime you buy a straight call, expect the money to be gone. Essentially, you are playing with an ice cube sitting on foil on a very hot day. Know your theta decay. Benefits the seller and not buyer.
Bought these calls. Barely any movement on this symbol. I’m hoping Greg knows something no one else does
Seems like he always recommends a trade AFTER it already gapped up 2-3% in the morning. And no reason to buy 6 months out if it's a swing trade. 2-3 months is more than enough.
Maybe he is using his stock screener that he setup for 100% free. Regardless, indicators lag. This was like the time when he recommended WFC a week later from when I sold weekly bullish CSP for a decent profit.
Didn't we already buy this a week or two ago? We never sold it......
Yo Chris, he did. He's loading up his clients into banks.
About a day late and should have bought Calls yesterday at 9 am. when the buy signal posted a low of $149.33 and sold this morning at $155.28!!! This makes no sense to buy Calls when you know that the stock will cycle back down??? Lions learn how to read technicals and wait until the bottom of the cycle at the buy signal to buy Calls and ride the wave up. If you buy at the top of the cycle then you should buy a Put and ride the wave down, but only if the stock is trending down. JPM is cycling down at the moment, so If you think it is going to trend back up at least wait until charts show the stock is trending back UP!!! Dropping like a rock so if you sold Calls or bought a Put you are showing a NICE PROFIT!!!
Hey William, Hope you well. JPM has a large gamma hedge at $150 (these levels are structured with the 4/16 expiration). Anything above $150 the Calls has a decent shot to carry ~$170 (not a straight line BUT enough call fuel). Below $150 Puts are the dominant force
P.S. Top Put Open interest is currently $150
Trade safe
Paul, JPM still falling and under pressure. I guess my question would be why a Professional Options trader would suggest to his followers to buy Calls at a high marker knowing that the stock was going to fall back down in the cycle??? This happens just about every time, so I wonder who the Call sellers are because they are making a KILLING, and can Buy the Calls back to close their positions before the stock starts to go back up, and then when the stock moves back up that would be the time to tell your followers to buy Calls and ride the wave up and sell for a profit. Seems like this happens way to often???
It's always likely options sellers that make a decent profits selling Covered Calls. Better to be the casino then to be a gambler as in the long run, the house always wins. It disheartens me that options buyers are typically those with very little capital trying to win big and do win in a bull run but end up loosing their gains plus some more in ranging days. When people are posting their gains... it reminds me of my partying days in Vegas. Slot machines makes huge noise when someone wins, draws more people in. Just learning to trade stocks let alone options in a bull run sets them up without knowing what to do in choppiness. TLDR: Instead of trading, set up a base of investing portfolio of dividend paying companies and do Covered Calls when price action runs into congestion on high technical to make money. (Not financial advice)
William, you know as well as I Greg is far from a professional trader. The levels I gave you are the most current option flow (gamma levels, support, Large PUT OI). Aside from game Stop where it was kinda known in most cases who just don't know. The model I use for equities assumes all calls and puts are bought outright by the public. (dealers are short).
Not sure if you caught this Greg was pitching some website that has scam written all over it (reviews confirm). With this in mind plus as another commenter caught he's recommending equities AGAIN from a few weeks ago (JPM). His Lions need to take notice. I take him as a VERY smart dude, but an bad teacher when it comes to trading options. Wonder if he's feeling the pressure of being canceled by different social platforms.
Thanks, Watching JPM and its just about time to buy Calls right now if you think the stock will go up higher. Good Luck to you as well.
https://youtu.be/WMsn0bj_P6o
This is going to happen, in my opinion all over the world. It is in Scripture.
In the past GM has made his bets on the possible breakout not the sideways cycles.
took profit in Dow2
Dow1 still running
+28,8 %
Will try to take profit in DowCall2 @ about 32,900 to buy back @ about 32,750.