Lions.. again, CSCO is a buy here.
READ MY COMMENTS BELOW IN THEIR ENTIRETY.
FIRST! I STRONGLY advise you to learn how to SELL puts and set up credit spreads. There is MUCH more to successful trading than just buying calls and or puts.
When you BUY an option, time decay immediately starts working against you. When you SELL an option, time decay immediately begins working FOR YOU…
3 ways to play this.
One. You can buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential.
Two. Sell WAY OUT OF THE MONEY, at least 20% OTM, puts which expire out 1 month. This strategy carries much less risk.
Three. The least risky strategy is to set up a credit spread- and there are many ways to do this easily.
***I PERSONALLY LIKE TO UTILIZE EITHER SELLING PUTS, OR SETTING UP CREDIT SPREADS TO TRADE.
*** I cover each of the above strategies/how to set them up plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.
GM
Trading involves financial risk.
Great opportunity to load up on SILJ and metals miners in general imo Have been placing orders to purchase calls left and right since morning. Did not even get time for coffee.
Why not talk about the last few losers