Hey Muppets...hold long, stay strong lol...more pain ahead unfortunately...no major capitulation yet...nothing secretive here...just watch the volume, but until then... every day Theta and Gamma rapes you. Welcome to the wonderful world of options. If you are so inclined you should roll down to the market (if you have total conviction your direction and TIMING is right) and trade the market you have but do so on a volume capitulation (sorry but that means you have to lay out more capital) Here is a nugget going forward....always strive fore a net credit trade, not a net debit. Buying long calls, or puts etc. is a net debit. 80-90% of all options expire worthless. Bull Put spreads if bullish, Bear Call spreads if bearish is a net credit trade ....that puts Theta (Time) on your side...GM should endorse this message...but he won't because you take the buy side when he's selling. Easy money to buy and sell when things go up, sideways to down takes actual skill. If you come here for easy money, eventually, you get trapped... (MSFT, SBUX, etc) and how you handle being trapped will be the difference between a huge loss or maybe just licking your paw and getting back to even or a profit. For the novices, fire away, blindly follow, I don't give a shit....just like popping in every now and then and saying what no one wants to hear. Good Luck.
Hey Muppets...hold long, stay strong lol...more pain ahead unfortunately...no major capitulation yet...nothing secretive here...just watch the volume, but until then... every day Theta and Gamma rapes you. Welcome to the wonderful world of options. If you are so inclined you should roll down to the market (if you have total conviction your direction and TIMING is right) and trade the market you have but do so on a volume capitulation (sorry but that means you have to lay out more capital) Here is a nugget going forward....always strive fore a net credit trade, not a net debit. Buying long calls, or puts etc. is a net debit. 80-90% of all options expire worthless. Bull Put spreads if bullish, Bear Call spreads if bearish is a net credit trade ....that puts Theta (Time) on your side...GM should endorse this message...but he won't because you take the buy side when he's selling. Easy money to buy and sell when things go up, sideways to down takes actual skill. If you come here for easy money, eventually, you get trapped... (MSFT, SBUX, etc) and how you handle being trapped will be the difference between a huge loss or maybe just licking your paw and getting back to even or a profit. For the novices, fire away, blindly follow, I don't give a shit....just like popping in every now and then and saying what no one wants to hear. Good Luck.
ARTICLE: Fed Releases Powell's Congressional Hearing Prepared Remarks, Defends Poor Uptake Of Main Street Bailout
https://www.zerohedge.com/economics/fed-releases-powells-congressional-hearing-prepared-remarks-defends-poor-uptake-main