Lions and friends…
3 of my last 4 trades involving BUYING options have gone wrong. I am not complaining! Trust me, I know that trading is a long game and its not unusual to have a string of trades go against you. That is the way the business of trading goes.
With that, for now, I am going to be SELLING options exclusively for a while.
When you SELL an option, say a put- which is the most profitable way to play options if you are selling them, you are “betting” that the underlying price of whatever asset you are selling a put against WILL NOT drop below the strike price of the option you sold.
With selling options, time decay is your ally. Options time decay works 24/7, even on weekends and holidays.
Selling options REQUIRES that you know and quantify risk! There are many free options calculators out there available online, most brokerages have them.
If you are interested in knowing/learning more about SELLING options, click HERE.
GM
Greg, you are the best of the best no matter how many trades go against you.
Keynes said a market can remain irrational longer than you can remain solvent. Sound familiar Greg? There is a nice correction coming soon. You gotta trade that and take your revenge.