I bought 2 more SLV calls as price was falling. My trading account sent me a message that if I make 2 more in/out trades in the next 5 days I will be FLAGGED as a "Pattern Day Trader". Hahahahahaa! Oops, I forgot about that rule. No big deal, I have 6 trading accounts and I'll just move some money into them to trade from. Then I'll get to make 18 round-trip trades every 5 days instead of just 3. Hahahahahahahaaa! For every measure, there is a counter-measure. And for every counter-measure there is a counter counter-measure. : )
Grace, if he closed his order why are you asking if you should cancel? I'm on here for a friend who wants to take Greg's advice and I'm watching what Greg does to see what he does. I am an Option Trader by profession, I see 95% of the comments on here that are obvious that people really have no idea what they are doing. I not being mean at all, but I wish his followers take the time to learn. Best to you and good luck.
Hey Grace, sounds like Greg already took profit. Yesterday the entry price for the call options for JUN 18 2021 were in the range between 16.96 - 17.xx at time of posting. Right now the price is at the range of 21.50. When it fills next, unsure if it'll be like catching a falling knife. It's trending down right now.
My order got filled and I have a small gain now. It's expiring in May so I hope I can sell it with a profit later today or at some point before expiration. Thanks for your kind explanation.
Please keep an eye on it next week. Major option expiration on 1/15. The market will probably be very choppy next week. This is based on the dealers' option flow. Dealers are the market makers, institutions etc. The need to keep their positions at a delta neutral at ALL times.
Paul, Thanks for great advice. I am learning options and joined the discord group, and trying to absorb as much as possible from the super smart pro traders there. Happy trading!
Anything I can do to help. Another thing to do is read...read... read and NEVER get discouraged. I have been trading options since I was 17 yrs old (Now 52). You are always learning.
Thanks, closed after market opened. New position opened, but only one, waiting where the market goes, if lower, buying dip every 0,5. thanks for your knowledge
Had SPY and PFE set up to sell at profit. Which gets me out in great shape this am. I was busy so worked perfect
I bought 2 more SLV calls as price was falling. My trading account sent me a message that if I make 2 more in/out trades in the next 5 days I will be FLAGGED as a "Pattern Day Trader". Hahahahahaa! Oops, I forgot about that rule. No big deal, I have 6 trading accounts and I'll just move some money into them to trade from. Then I'll get to make 18 round-trip trades every 5 days instead of just 3. Hahahahahahahaaa! For every measure, there is a counter-measure. And for every counter-measure there is a counter counter-measure. : )
Thanks Greg and WOW sitting at all time record highs again this morning!!!
My $377 calls haven't been filled yet, 10:03am. Should I cancel the order?
Grace, if he closed his order why are you asking if you should cancel? I'm on here for a friend who wants to take Greg's advice and I'm watching what Greg does to see what he does. I am an Option Trader by profession, I see 95% of the comments on here that are obvious that people really have no idea what they are doing. I not being mean at all, but I wish his followers take the time to learn. Best to you and good luck.
Hey Grace, sounds like Greg already took profit. Yesterday the entry price for the call options for JUN 18 2021 were in the range between 16.96 - 17.xx at time of posting. Right now the price is at the range of 21.50. When it fills next, unsure if it'll be like catching a falling knife. It's trending down right now.
My order got filled and I have a small gain now. It's expiring in May so I hope I can sell it with a profit later today or at some point before expiration. Thanks for your kind explanation.
Please keep an eye on it next week. Major option expiration on 1/15. The market will probably be very choppy next week. This is based on the dealers' option flow. Dealers are the market makers, institutions etc. The need to keep their positions at a delta neutral at ALL times.
Cheers!
Paul, Thanks for great advice. I am learning options and joined the discord group, and trying to absorb as much as possible from the super smart pro traders there. Happy trading!
Anything I can do to help. Another thing to do is read...read... read and NEVER get discouraged. I have been trading options since I was 17 yrs old (Now 52). You are always learning.
Best!
I wish I could learn it earlier. Stocks/Options trading is a great skillset for everybody.
Hi Greg, if you remain the viewpoint that SPY will go to higher, why we sell all the call, maybe sell partial and keep some others?
Thanks, closed after market opened. New position opened, but only one, waiting where the market goes, if lower, buying dip every 0,5. thanks for your knowledge