15 Comments
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Stephen Martin's avatar

Pitstop on the way to 40,000

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BruceH's avatar

I hope so. There are some bullish events in the future.

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HELLOTOME's avatar

Dont you need a collateral? Although I have 100 shs of JPM, they need buying power to sell PUT.

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BruceH's avatar

You will need much more buying power when selling naked PUT or CALL but it is usually much less buying power than buying 100 shares. But you should keep buying power in reserve as if you purchased 100 shares.

If you have 100 shares, you can sell a CALL against the 100 shares. Know what can happen if you sell a PUT or a CALL and the strike goes into to money.

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David Baselga's avatar

Gregory... OF COURSE puts are up today man, it's on bear markets where the puts increase their price

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GV's avatar

i sold a put and despite price up from day i bought, my broker account showing -150% loss. i don't get it

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BruceH's avatar

When you sell a put which is the opposite of buying a put, you want things to go the opposite way as compared to when you buy a put. When you buy a call or a put, you want the value of the option to go up. Since you are selling a put, you want the price of the put option to go down to zero thus collecting the premium for selling the option. Since the value of the put option went up, the position is going against you thus it shows a paper loss.

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GV's avatar

Thanks a lot. I am trying to understand and it helped me a lot your explanation

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GV's avatar

can some one help me understand

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WASSIM H's avatar

Greg can you pls post when you buy or sell calls and or puts and and at what strike please buddy!

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Chris-F's avatar

I don't get it. If you sold puts and they go up because JPM goes down then how can you profit from it ?

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BruceH's avatar

You don't. You lose when the price of put option goes up.

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Chris-F's avatar

That’s the case if the collateral drops, the put goes up.

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Someoneisfollowyou's avatar

is a credit spread used when we don't have the capital to hold the stocks to sell the puts?

somebody?

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BruceH's avatar

Not really. When you sell an option, the other side which is the buyer can exercise at any time making you owning the stock.

You use spreads to limit the maximum amount that you can lose. Spreads also reduce buying power required as compared to buying or selling naked options.

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