on it Greg!!! you are on fire, i love it!!!!!!! and love, blessings to you Greg. I have been contrib ute $5 per month and that is a paltry $60 per year. I implore everyone to contribute that at bare minimum. If we all do that Greg can continue to take care of us all. His advice is well worth $60 per year. My Aunt pays $100's and I remember her paying $1200 a year on one newsletter where they give her long positions to buy /hold. That strategy does not pay anymore . Gregs does. Greg, Lion King, you are a very generous person with your time. Thanks. I am cleaning up today.
How do you buy options? Is it a good idea to copy Greg's suggestions in the options market and buy the equivalent in stock? Will the results be the same?
No, it wouldn't be the same as the returns would be different. Options are usually leveraged positions so you will gain or lose more when compared to the returns on the stock.
Damn, I'll have to load up my account some more before I can follow along with Greg I guess. I already invested most of the money I had to invest, guess I'll get more lol.
He's buying options, which is a contract that allows you to buy the stock at a set price even if the stock goes higher in the future. This site has lots of great free tutorials that will help you get the hang of options:
i am curious as to your reasons for buying (your boom system makes no sense)...you recommended pypl then it crashed under $172 from $180. I appreciate your recommendations, don't get me wrong, but i don't understand the reasoning. Thanks!
I wish Greg would give the price he paid for the option I would like to know if my trading platform differs from him, I did buy PYPL but later in the day since the price went down. But if he would list the price he paid it would be helpful, since I am new at trading options.
on it Greg!!! you are on fire, i love it!!!!!!! and love, blessings to you Greg. I have been contrib ute $5 per month and that is a paltry $60 per year. I implore everyone to contribute that at bare minimum. If we all do that Greg can continue to take care of us all. His advice is well worth $60 per year. My Aunt pays $100's and I remember her paying $1200 a year on one newsletter where they give her long positions to buy /hold. That strategy does not pay anymore . Gregs does. Greg, Lion King, you are a very generous person with your time. Thanks. I am cleaning up today.
How do you buy options? Is it a good idea to copy Greg's suggestions in the options market and buy the equivalent in stock? Will the results be the same?
No, it wouldn't be the same as the returns would be different. Options are usually leveraged positions so you will gain or lose more when compared to the returns on the stock.
Thanks! I haven't found out how to buy options yet, I'm in europe
Your account needs to be a margin account that gives you the option to buy option.
The Premium is out of my price range at the moment. I'll see if I can get a loan from PayPal Credit to buy their stock.
lol!!!
How much is the premium? lol
this morning it was $2,085 for 1(100)15jan21 (180 call), now it is $2,060.
Damn, I'll have to load up my account some more before I can follow along with Greg I guess. I already invested most of the money I had to invest, guess I'll get more lol.
That's a long dated option, but you can buy one not so far out for less $$.
I am new to trading so be kind to me. Does this mean I should buy paypal stock today and hold it till Jan 15 2021?? What does $180 calls mean?
He's buying options, which is a contract that allows you to buy the stock at a set price even if the stock goes higher in the future. This site has lots of great free tutorials that will help you get the hang of options:
https://optionalpha.com/members
And Greg has a few videos explaining the concept here:
https://www.youtube.com/channel/UCh-7La1nAYq5n_kv1N_PnPg/videos
Pete what platform do you recommend to trade on? I been using Webull and Robinhood but want something more reliable. Thanks for sharing knowledge!
I'm in Canada so I am basically limited to Interactive Brokers. Just getting the account running now, will be good for trading in a couple of days.
Took me
A week to get robin hoodies webull activated
On fire today indeed! Thanks Greg.
Got raped 600 today on this 2 contracts. Literally bought at top and dropped 8$
yeah thank god I didn't buy.
i am curious as to your reasons for buying (your boom system makes no sense)...you recommended pypl then it crashed under $172 from $180. I appreciate your recommendations, don't get me wrong, but i don't understand the reasoning. Thanks!
I also bought PayPal at 178 and went down a. Few hundred dollars. No need to worry the stock will recover. Just be patient. Best of luck
That is why Greg recommends to buy contracts with 6 months to a year. So the stock can recover. Most the
Picks Greg posts and gains. He is on fire and on point most of the time!
I wish Greg would give the price he paid for the option I would like to know if my trading platform differs from him, I did buy PYPL but later in the day since the price went down. But if he would list the price he paid it would be helpful, since I am new at trading options.
Bought 2 contracts @ 180 Jan 15 21. Down 1000 today.
I bought 1 contract down $328 but we have a long way to expiration so I believe we will be ok I paid $18.20 per contract