Please slap me silly as I'm an options noob, but it is wise to double down on these positions as they go down? I know you've stated don't buy into weakness, but if we are to hold onto these options, should we at least DCA them?
Generally no unless you have a good feeling it will go back up. It's usually not wise to add to a losing position. Some people have a strategy of doubling down though sometimes you just end up increasing your losses.
JR is correct. I"ve been to many options seminars, courses, etc over the years. BUT One thing that should have been stressed more is determing YOUR stress level . First how much you want to risk per trade, can you stay in game if you have 10 losses in a row, can you sleep, look in mirror , are you a natural home run hitter or happy with base hits. ..fwiw, .I had a friend who spend hours daily analyzing trades.. But sadly went bust by risking too much per trade.
Hi guyys, also newer here. When getting the OTM calls far out, I too am wondering how you guys consider the strike price? Does it matter? 10%, 30%, cheapest option, most expensive? What’s the safest yet most rewarding option? Thanks for the help!
Usually it's 'just OTM strike price', so the next highest strike than the current share price. The further OTM it is the riskier it is if the trade moves against you. Then ideally the option will move ITM.
IWM is rocking. I think it may go all time high because Trump wants to prove to the world that small businesses are flourishing under his rein of money deluge
guys, I'm in France but a huge fan of Mr. Mannarino. I am unable to buy options on the platform I am using. I was wondering which platform could I use to trade options. Thank you
Hi Greg,
Did you hear about Marin Katusa’s report on negative swap lines and gold miners? What do you think?
https://youtu.be/EWXPwG5gk_E
https://youtu.be/qeY8O0Cqa8Y
Thanks.
Please slap me silly as I'm an options noob, but it is wise to double down on these positions as they go down? I know you've stated don't buy into weakness, but if we are to hold onto these options, should we at least DCA them?
Generally no unless you have a good feeling it will go back up. It's usually not wise to add to a losing position. Some people have a strategy of doubling down though sometimes you just end up increasing your losses.
Tks.
JR is correct. I"ve been to many options seminars, courses, etc over the years. BUT One thing that should have been stressed more is determing YOUR stress level . First how much you want to risk per trade, can you stay in game if you have 10 losses in a row, can you sleep, look in mirror , are you a natural home run hitter or happy with base hits. ..fwiw, .I had a friend who spend hours daily analyzing trades.. But sadly went bust by risking too much per trade.
All good just learning here.
Hi guyys, also newer here. When getting the OTM calls far out, I too am wondering how you guys consider the strike price? Does it matter? 10%, 30%, cheapest option, most expensive? What’s the safest yet most rewarding option? Thanks for the help!
Usually it's 'just OTM strike price', so the next highest strike than the current share price. The further OTM it is the riskier it is if the trade moves against you. Then ideally the option will move ITM.
how i am gauging "just out of the money" is a delta around .48. is this correct?
I missed buying Apple options at $285. Is it too late to enter a position?
IWM is rocking. I think it may go all time high because Trump wants to prove to the world that small businesses are flourishing under his rein of money deluge
guys, I'm in France but a huge fan of Mr. Mannarino. I am unable to buy options on the platform I am using. I was wondering which platform could I use to trade options. Thank you
Ameritrade, Fidelity, Etrade, Robinhood . I am sure there are more
It's like we get coaching here!
will do. holding on course
👍🤓