No cash reserves left. Can't do sh*#. But I have 20 positions and stock holdings total. Hopefully not knees on the floor for my own picks. Gregory's picks are doing fine.
#WOODROW!!! ZH reporting the Mnuch is Scrambling to prevent any further market decline. And I can remember like 2 decades ago after a big market move up when a 2-3% decline was a "pause that refreshes". Now-all out panic! So sad smh.
2. All of his positions for the last two months are all on the long side meaning call options.
3. He just means to sell the contracts and get his profit. If you were to ever exercise the option, not too many people have enough capital to actually get 100 shares of stock.
covered calls are a sold call on a stock position. we're you thinking a call spread? which is buying a call and selling a further out in price call. I believe Greg was referencing an individual long call. From experience when buying spread with long expirations you may be right but they're hard to get good value from them as soo much time premium remains. just straight calls seem to work best . You can always look up or down on an option chain to anticpate what your call will be worth based on movement in stock price. let's say you buy a call on xyz at 50 strike , which is stock's current price, if you think stock will pop to 55, look at todays' 45 call, that'll give up rough idea of price of you option when pop happens. or in stock drops unexpectedly 5 , look at 55 strike to see how much you stand to lose. good luck
I also bought SPY same exp and I believe historically speaking after a big drop like we just had the stock market 80% of the time has a big rebound! Nothing to worry about 10 yr yield went up when the market closed yesterday that is bullish in my opinion I expect a big wk and a rebound SPY will be just fine
No cash reserves left. Can't do sh*#. But I have 20 positions and stock holdings total. Hopefully not knees on the floor for my own picks. Gregory's picks are doing fine.
#WOODROW!!! ZH reporting the Mnuch is Scrambling to prevent any further market decline. And I can remember like 2 decades ago after a big market move up when a 2-3% decline was a "pause that refreshes". Now-all out panic! So sad smh.
BTFD?!
What does BTFD mean?
Buy the fucking dip! Youtube it there's a hilarious video about it!
Need some guidance here. Total newbie with under 10 trades ever made and never traded options before.
- Does this - March 31, 2021 $312 Calls - mean a Call Option?
- Is that the case with all of Greg's position's as posted on Jun 5? (i.e. all are long call options)
- When Greg says to close the position (or part of it), does this mean to just sell the contracts? (i.e. not exercise)?
Still researching but would appreciate a little tip from someone here so I can take some positions soon.
Thanks!
1. Yes, it's a call option.
2. All of his positions for the last two months are all on the long side meaning call options.
3. He just means to sell the contracts and get his profit. If you were to ever exercise the option, not too many people have enough capital to actually get 100 shares of stock.
JR - I appreciate you taking the time to clarify! - I know this is 101 stuff here.
Also looks like GM posted a relevant article so I'm jumping over there in sec.
On my way to start pulling profits from the market!
Are these covered calls or single options?
covered calls are a sold call on a stock position. we're you thinking a call spread? which is buying a call and selling a further out in price call. I believe Greg was referencing an individual long call. From experience when buying spread with long expirations you may be right but they're hard to get good value from them as soo much time premium remains. just straight calls seem to work best . You can always look up or down on an option chain to anticpate what your call will be worth based on movement in stock price. let's say you buy a call on xyz at 50 strike , which is stock's current price, if you think stock will pop to 55, look at todays' 45 call, that'll give up rough idea of price of you option when pop happens. or in stock drops unexpectedly 5 , look at 55 strike to see how much you stand to lose. good luck
Cheers!
Just grabbed July 17 calls $312 March are to expensive for me.
Spy is falling I hope this reverse soon
What is the rush?
Do you think July 17 calls will be ok I know you suggested March but can’t afford them lol
I also bought SPY same exp and I believe historically speaking after a big drop like we just had the stock market 80% of the time has a big rebound! Nothing to worry about 10 yr yield went up when the market closed yesterday that is bullish in my opinion I expect a big wk and a rebound SPY will be just fine
on it, ty Greg