"Opening-Scenario" for Corona has NOTHING to do with a virus. It's a question if they are ready to push inflation or not. IF yes, also Silver is allowed to rallye.
Example : AAPL OCT21 120C price was close to the day's top of 15USD when AAPL was supposed to be a "buy". Now it's at 14 and still falling and honestly, the price action looks like a falling trend. (The trend is your friend).
Lions I wonder if we shouldn’t rather buy puts when he says calls. If I had done that with the trades I’m losing big now I would be rich. BABA INTC PYPL ...
All currencies are devaluing together" that's correct. But the parity move. Especially Germany will be destroyed by a rising Euro. Bad for Exports, and Germany is depending on Exports very much. at this moment they are killing the Handwerk / Hausbau . No materials available and / or very expensive. So they cannot work and cannot pay their workers. Automotive will be next. Inflation and Mass Unemployment coming.
Until you lost all your money (on this one) or until it hits your price objective (e.g. : +10%).
Or, if it hits your stop loss. VERY IMPORTANT (e.g. : -5%).
For you to be able to wait and let the trade play out (if it does ...), you must choose at least 6 months out expiry. Also, to limit time decay, it's better to choose ITM options hence the proportion of the option's time value compared to its total value is less. But watch it, once the price of the underlying security goes beneath your strike, its price falls faster. So don't choose the strike price too close to the actual price (see also : stop loss).
I recommend to read it twice or more. And start SMALL (<5% of your "playing money" you'e ready to lose if it turns bad)..
One aspect of trading which is not covered enough IMO in Greg's "teachings" is risk management. I.e. : define your stop loss and closing gain level the moment you get in. Then STICK TO IT.
You can start with credit spreads or selling puts (if you're bearish), but selling options adds to your margin (if you sell a put you must have enough cash to buy 100 stocks at the strike price : if you sell a AAPL 120P and you don't buy it back before AAPL goes beneath 120USD then you could be assigned to buy 100 AAPL @120 USD which takes 12.000USD ...).
SLV and XLF are about to take off.
agree. [my] next target in silver is usd 35.
How would you know ?! JPM is still short-selling.
Because I have a Crystal Ball.
"Opening-Scenario" for Corona has NOTHING to do with a virus. It's a question if they are ready to push inflation or not. IF yes, also Silver is allowed to rallye.
"They" are watching you.
Nothing to see here.
LOL. 😂
Nope.
Lions WAIT !!!
Example : AAPL OCT21 120C price was close to the day's top of 15USD when AAPL was supposed to be a "buy". Now it's at 14 and still falling and honestly, the price action looks like a falling trend. (The trend is your friend).
Why would anyone buy a call here ?!
Lions I wonder if we shouldn’t rather buy puts when he says calls. If I had done that with the trades I’m losing big now I would be rich. BABA INTC PYPL ...
I think DIA call are also a buy here
Lock downs ended in Florida
https://www.reuters.com/article/us-health-coronavirus-usa-florida/florida-governor-removes-covid-19-restrictions-on-restaurants-bars-idUSKCN26G2PD
Seniors will cause a boom in everything )) Every restaurant is full.
The end of lockdowns will push money velocity and so inflation.
I think that's "their" plan.
Lot of people hoping for the end of lockdowns. Told them: "Be careful what you wish for (if you are not prepared)."
Preparing an entry in EUR/USD-Call. Think Euro/US-Dollar will skyrocket very soon.
[ 12/2021 // 1.20 or 1.21 ]
Could ... or not.
What makes you think so ?!
my chart analyses and the corona-"opening"-scenario.
Well if JPM said EUR/USD will fall THEN you could buy calls ...
USD is a dying asset by design but all currencies are devaluing together. So the parities don't move.
Handwerk / Hausbau = Craft / House building
All currencies are devaluing together" that's correct. But the parity move. Especially Germany will be destroyed by a rising Euro. Bad for Exports, and Germany is depending on Exports very much. at this moment they are killing the Handwerk / Hausbau . No materials available and / or very expensive. So they cannot work and cannot pay their workers. Automotive will be next. Inflation and Mass Unemployment coming.
How long do you usually keep these options?
I sell at the first opportunity. It's a hot potato. Can't hold. I toss immediately and catch the other one
Thank you for your advice :D
Until you lost all your money (on this one) or until it hits your price objective (e.g. : +10%).
Or, if it hits your stop loss. VERY IMPORTANT (e.g. : -5%).
For you to be able to wait and let the trade play out (if it does ...), you must choose at least 6 months out expiry. Also, to limit time decay, it's better to choose ITM options hence the proportion of the option's time value compared to its total value is less. But watch it, once the price of the underlying security goes beneath your strike, its price falls faster. So don't choose the strike price too close to the actual price (see also : stop loss).
Thank you for your advice :)
who is better then you? NO body!
Greg, Thank yous for remaining consistent, and patient, with everything.
Easy Mobeasy
https://www.youtube.com/watch?v=Wf0Z4sZe0_E
lol. Thanks for the encouragement
Does one have to take a test in order to trade options? my portfolios with Schwab
You should test your ability to not be emotional and to realize Greg is a human and might be wrong. Just stay away from BABA...
Now that's dangerous Donna
You have no idea
You need to request option trading in your account from Schwab.
Yes and how does one get permission to move up levels of option trading ?
Should be found on their platform. Could be test and account size.
You have to take a test to make sure you can type out your name and click some buttons.
I strongly recommend you get informed about how options trading works. A good way to do this is to read Greg's book.
You can lose a lot of money if you don't "get it".
Just finished his book
I recommend to read it twice or more. And start SMALL (<5% of your "playing money" you'e ready to lose if it turns bad)..
One aspect of trading which is not covered enough IMO in Greg's "teachings" is risk management. I.e. : define your stop loss and closing gain level the moment you get in. Then STICK TO IT.
Yes TY, I plan for on it and making a notebook guide ,,Numerous people I talk to that trade are scared of options,,, there must be reasons
You can start with credit spreads or selling puts (if you're bearish), but selling options adds to your margin (if you sell a put you must have enough cash to buy 100 stocks at the strike price : if you sell a AAPL 120P and you don't buy it back before AAPL goes beneath 120USD then you could be assigned to buy 100 AAPL @120 USD which takes 12.000USD ...).
👍