But the price you pay for the option is very important for us to both compare what we get it for and to better determine % gain, etc.. Please be more transparent. Thanks
Let me see if I can explain where a LABRADOR RETRIEVER can understand, So if Greg and all his LIONS are buying CALLS we are all standing in front of the cash register paying a premium for our CALLS, and the CALL seller is standing behind the cash register collecting the Premium, so when Greg and his LIONS sell a CALL to close the trade the SELLER has to open the cash register up and pay us our PROFITS!!! Greg and all his LIONS are all on the same team, and If we win or lose money it is not each others money that is exchanged, its the CALL seller that collects the money up front and the CALL seller that pays your Profits if you win, or keeps your money if you lose!!! We are all on the same team if we are all on the buying side of options trading!!! I hope that helps!!!
Greg, you should include price for transparency. There's been trades I followed you on that I waited after you emailed for longer and it fell another 10%. I'm fairly certain I got in lower than you but someone when you exited you made a profit while my position was still underwater. For us to verify your trades its only fair. If you take a loss that fine, but how much and why is well deserved information if you are helping your lions as you say.
Contract price is vital as i am stuck in so many of your trades i got into even as far back as june. I am sure i just bought any ole price out of ignorance just because you did a trade alert.
I feel really bad that you are stuck in trades since June. You need to understand that the closer you get to expiration the more they will depreciate. I do not know what your average price is on these options but it is most likely that the stock price will have to go even higher than it was when you initially bought it and rather quickly! the longer you stay in the more you will lose. Would you mind sharing what your average option price is for Ebay so that somebody who has a lot more experience than I can maybe help you out. I dont think you understand that you need to find a way out or you will lose all of your money. These options expire worthless- that means on expiration day you will lose all of your money. and the weeks leading up to it they will probably be worth loose change.
Thank you Liz. ebay is down about 50% (Feb call) and xle is the biggest loser at like 85% down to the point i'd rather just take a chance for it to rise than try to recoup %15. Cisco down almost 50% (that is June option, so it may turnaround..yet I'd like that money to be making money)...and then SPY like 75% down. i have averaged down on all these to the point I won't/can't anymore as well.
Cisco was one of the two that Greg chose to take a loss on instead of waiting for them to rise. I followed his lead and sold it back on 8/28. I kept averaging in and had 12 contracts when I sold for a loss of 350... in order to recoup your money on that you will have to keep averaging down bc the options become worth less every week and the stock needs to continue to go up as you average down. Im not sure it makes sense to keep them bc you are down so much and dont want to average down anymore.
I would get rid of ebay as soon as the stock rises a bit. it was at 53 or 54 last week I think- but that option expires in 4 months and you are already down 50 %. I dont know that it makes sense to chase it any longer. But maybe somebody else can give their opinion.
I have no idea about spy. I never bought that one- do they expire soon? averaging down could be costly and if you don't have the money to average down then all you are doing is hoping that the stock rises faster than the options decay.
basically, think about it like this. these stocks needs to move up faster than the options lose value. otherwise you're breaking even or losing money and you have to ask yourself if the stocks are going to rise fast enough for them to be worth hanging on to. and the contract price is not a magic number the stock needs to hit for you to recoup all of your money. that is just the price you can buy the actual shares for if you chose to exercise the options. more than likely these stocks will have to rise a few dollars more than the original contract price for you to recoup your money. meaning ebay will have to get to 62 or so within the next 4 weeks. and the closer you get to expiration the higher the stock price will have to go to make up for the time decay.
you can go into your account and pretend you are going to buy the same options with the same exact price for ebay that expire in January. see how much those are worth and that will give you an idea of what your current ebay options will be worth in four weeks assuming the stock stays flat. you will see how quickly they begin to depreciate the closer you get to expiration day.
I hope someone else can give you advice as well. i'm sure someone more experienced has better ideas than me.
Thanks so much Liz! it seems every other trade I sold at a loss, it rose high within days! so i'm hesitant to pull the trigger. ebay is feb exp by the way. i also look at theta and a -1 means losing a $1 a day i think? it's really xle that is the biggest loser for me exp in january.
I understand. I do not like selling at a loss unless it has been weeks and I'd rather put my money to work elsewhere. Take Disney for example
I have only been holding it for 2 weeks BUT I have had to average down 6 times and maybe once a day I hit the break even and then it falls and im down 5 or 600 dollars. SO at this point I need to decide if I am going to waste another week or put MORE money into it or sell it all around break even. This is how you should be looking at every trade! if you aren't making money within a few weeks and you keep having to buy more then it is time to rethink the position and find an opportunity to exit. IN MY OPINION
Also, keep in mind that Greg has the dry powder to keep averaging down. SO WHEN HE SAYS " they dont expire until June so I am not worried" That is because he can keep buying and buying and he never loses control of the option - meaning he doesn't let the option lose so much value that he is down 50%. he can keep buying so that the option loss is hovering around 10-15% you see. I am guessing here BC I AM LEARNING AS I GO and I would make the assumption that he never allows his options to lose 50% value-but if he finesses them so that they only lose 10 to 15% well that kind of loss can turn around in a single afternoon or a few bullish days and turn into a profit
Dont lose control of your options. If you dont have the dry power to keep in control over your average price then the "they dont expire until June" may not work for you (or me or whomever)
If I am wrong hopefully someone will speak up but this thread is kinda old.
He doesn't want to share because it would hurt his upside movement, without the movement of people getting in late and his rip the face off wouldn't happen in this market. If he really loved his lions he would be totally transparent however he thinks its about it being tough.
Not True, If you got in later after Greg email out these alerts today you got a better price than Greg!!! You guys that continue to hollar about a certain price for and option that is constantly changing up and down by the second obviously don't know how options trading works, and its up to you to price your options before you buy!!! Greg is correct for not saying what price he paid for options, and if you were pricing your own options before you just blindly buy, then you would know exactly what prices everyone is paying and when the price goes up or down!!! GET ON THE BALL!!!
Hahaha most of the time that is not the case usually the price is going up by the time the notice gets back to you. and who knows how long Greg waits. just because you have no critical thought doesn't make anybody off the ball. Sheep will be sheep and not question this. I make plenty of money without making more for Greg and his style of options trading. My skills are in the real world not the bubble markets.
Don, Greg is helping everyone and your accusations are WAY OFF BASE!!! When Greg puts out a buy alert look at the charts and you will see exactly when he bought, and if you are a SMART SHOPPER and watch the price action before you buy you know exactly what the options prices are and if they are going up or down. In options trading it is very important to average down your option price if the price goes down on a Call option, and then when it moves back up you can sell for a profit even if it hasn't reached your original strike price!!! Greg is the most generous person to offer his LIONS this information, and is in NO WAY A SCAM!!!
Don, in regards to critical thought, I make my on decisions as to what and when to buy, and If I don't like one of Greg's option suggestions looks then I simply pass. I'm a leader not just a follower!!!
I bought 10 Oct 15 LAC calls a couple weeks back for $0.25 each. They're worth over 5K now. Where were Greg and his lions on that? They're missing all the best stuff.
These people do not have a very good understanding of the massive size of the companies Greg is trading if they did they would not be suggesting that he is capable of changing the momentum of these stocks. hey are safe stocks and he buys his options so far out to be even safer.
Some people just like to be charitable. Really, this is true.
i am commenting about my experience because there is so much hype with him exaggerating how "his lions" are "ripping the face off this market" when so many have massive losses. yeah ok, i make my own choices and am responsible for them, but i really hate this inflated hype as it's just not true.
On occasion either because I got in at the wrong price or I got his sell signal too late, I'm at a loss when Greg is at a slight profit. Sometimes I've just waited for a while (hours to over a week) for my price to break even or be at a profit. Usually that works but it does make me nervous because I'm not privy to any news Greg may have on the stock.
Pete, of the two (price and timing of notification), the latter may be more important. If Greg does not want to release his price, it would be an improvement to seek out a faster notification method. Sometimes my email gets in 5 min or more after he sends out the notification.
This morning one of the guys put his price in lower than it was when he got the email and he got in. I am going to start doing that and not chase it. I have noticed it drops then goes up a lot of the time.
I might start looking at when the email was sent, go back 5 minutes and set my price there. If I get in I do if not I will wait for the next trade.
Maybe he is going by entry and exit points not price. I have so much to learn.
I always make a profit from Gregory's trades. Of course not as much as him but that is none of my business.
If I follow Greg in to a trade I make sure I get it at or near the low of day. If I don't get in at that price, I simply don't touch it. I don't buy what Greg's saying about the price not mattering- it does and people lose money by thinking that way. I don't know what his angle is, but it smells off to me.
so very little education. i wish i'd waited and did more educating elsewhere before getting my money locked up in bad trades. he may help the more experienced traders, but not newbies like me.
regarding price entry however, without knowing price and entry conditions there's not much learning. In many ways i do agree with Greg's narratives however understanding the macro economic picture is completely separate with trade execution. His goal is to also help us rip the face off the market. That takes knowledge in trade execution as well especially in options.
also without learning reasoning behind it, it's just following the leader. I"m still here trying to somehow find a way out of the current trades without too much loss...not sure that will happen.
LIONS, keep in mind that every time you collect profits on an options trade, some poor guy or gal lost their A$$, so if Greg was trying to deceive everyone on his website, then every profit that I collect would have come out of Greg's pocket??? I don't see that ever happening, and THANK YOU GREG YOUR ARE INCREADIBLE!!!
Greg - there is a lot of heat in these comments. I just want to thank you for the leads. You give me leads, I evaluate them, I choose to buy or pass. Your leads make me a lot of money. I made $5,000 Net yesterday alone. Please keep it up. Huge fan. Dave
Step 1: turn on twitter notifications(he posts here first)
Step2: blue horseshoe love Anacott steel
Check email/ look at time stamp
Step3: check charts see what momentum is doing/ if you like buy If unsure open a small position with powder dry to buy dips
A big key is to look at GM’s trading pattern, if he says uncertain and is pulling 1-3% profits you should be looking to do the same with or without him telling you so, if you have 5% and haven’t heard from him(rare) it means he’s expecting higher, still... I’d pull profits
Thanks Greg, great buying opportunity this morning, and as soon as Ole Yellerstain shuts his mouth and Trump comes out on the balcony with a comeback speech after lunch the markets should rally strong into close!!!
Ya, Ebay really went up a lot! It may be a good opportunity for you to get out and with the election coming up only you can decided if it is worth staying in - it could be a yo-yo for the next two months and then there is time decay. Keep in mind. you can sell and buy back if it drops back down to 45-50. That is if you're determined to get your money back from ebay. lol
well, you can put the money elsewhere. you do not have to recoup it with the same stocks. And that happens to everyone- that is why this is more of a psychological job. gotta shrug it off and keep moving forward.
and honestly spy will probably fall on Monday when the President tweets something the market does not like. expect the markets to be volatile for awhile. but I would follow greg more closely (or someone else )- he is no longer telling us when he is averaging down BUT I would start with 1 contract initially and if it falls 4-5% then buy 1 more. if it falls another 4-5 % then buy 1 more ETC. if you have been in it 2 or 3 weeks and you cannot seem to make a profit then try and find a break even or even 1% profit. it is better than losing 5%. I was able to get out of Disney this morning with a 3% profit- which is good. I am just happy I was able to get out of it after the struggle and make a profit on top of it.
But the price you pay for the option is very important for us to both compare what we get it for and to better determine % gain, etc.. Please be more transparent. Thanks
that's kinda whack- if i get in at HOD and you near LOD, i will lose at the end of the day when you pull your 2% profit.
Let me see if I can explain where a LABRADOR RETRIEVER can understand, So if Greg and all his LIONS are buying CALLS we are all standing in front of the cash register paying a premium for our CALLS, and the CALL seller is standing behind the cash register collecting the Premium, so when Greg and his LIONS sell a CALL to close the trade the SELLER has to open the cash register up and pay us our PROFITS!!! Greg and all his LIONS are all on the same team, and If we win or lose money it is not each others money that is exchanged, its the CALL seller that collects the money up front and the CALL seller that pays your Profits if you win, or keeps your money if you lose!!! We are all on the same team if we are all on the buying side of options trading!!! I hope that helps!!!
Greg, you should include price for transparency. There's been trades I followed you on that I waited after you emailed for longer and it fell another 10%. I'm fairly certain I got in lower than you but someone when you exited you made a profit while my position was still underwater. For us to verify your trades its only fair. If you take a loss that fine, but how much and why is well deserved information if you are helping your lions as you say.
Contract price is vital as i am stuck in so many of your trades i got into even as far back as june. I am sure i just bought any ole price out of ignorance just because you did a trade alert.
Contract price does matter
I feel really bad that you are stuck in trades since June. You need to understand that the closer you get to expiration the more they will depreciate. I do not know what your average price is on these options but it is most likely that the stock price will have to go even higher than it was when you initially bought it and rather quickly! the longer you stay in the more you will lose. Would you mind sharing what your average option price is for Ebay so that somebody who has a lot more experience than I can maybe help you out. I dont think you understand that you need to find a way out or you will lose all of your money. These options expire worthless- that means on expiration day you will lose all of your money. and the weeks leading up to it they will probably be worth loose change.
Thank you Liz. ebay is down about 50% (Feb call) and xle is the biggest loser at like 85% down to the point i'd rather just take a chance for it to rise than try to recoup %15. Cisco down almost 50% (that is June option, so it may turnaround..yet I'd like that money to be making money)...and then SPY like 75% down. i have averaged down on all these to the point I won't/can't anymore as well.
Cisco was one of the two that Greg chose to take a loss on instead of waiting for them to rise. I followed his lead and sold it back on 8/28. I kept averaging in and had 12 contracts when I sold for a loss of 350... in order to recoup your money on that you will have to keep averaging down bc the options become worth less every week and the stock needs to continue to go up as you average down. Im not sure it makes sense to keep them bc you are down so much and dont want to average down anymore.
I would get rid of ebay as soon as the stock rises a bit. it was at 53 or 54 last week I think- but that option expires in 4 months and you are already down 50 %. I dont know that it makes sense to chase it any longer. But maybe somebody else can give their opinion.
I have no idea about spy. I never bought that one- do they expire soon? averaging down could be costly and if you don't have the money to average down then all you are doing is hoping that the stock rises faster than the options decay.
basically, think about it like this. these stocks needs to move up faster than the options lose value. otherwise you're breaking even or losing money and you have to ask yourself if the stocks are going to rise fast enough for them to be worth hanging on to. and the contract price is not a magic number the stock needs to hit for you to recoup all of your money. that is just the price you can buy the actual shares for if you chose to exercise the options. more than likely these stocks will have to rise a few dollars more than the original contract price for you to recoup your money. meaning ebay will have to get to 62 or so within the next 4 weeks. and the closer you get to expiration the higher the stock price will have to go to make up for the time decay.
you can go into your account and pretend you are going to buy the same options with the same exact price for ebay that expire in January. see how much those are worth and that will give you an idea of what your current ebay options will be worth in four weeks assuming the stock stays flat. you will see how quickly they begin to depreciate the closer you get to expiration day.
I hope someone else can give you advice as well. i'm sure someone more experienced has better ideas than me.
Thanks so much Liz! it seems every other trade I sold at a loss, it rose high within days! so i'm hesitant to pull the trigger. ebay is feb exp by the way. i also look at theta and a -1 means losing a $1 a day i think? it's really xle that is the biggest loser for me exp in january.
I understand. I do not like selling at a loss unless it has been weeks and I'd rather put my money to work elsewhere. Take Disney for example
I have only been holding it for 2 weeks BUT I have had to average down 6 times and maybe once a day I hit the break even and then it falls and im down 5 or 600 dollars. SO at this point I need to decide if I am going to waste another week or put MORE money into it or sell it all around break even. This is how you should be looking at every trade! if you aren't making money within a few weeks and you keep having to buy more then it is time to rethink the position and find an opportunity to exit. IN MY OPINION
Also, keep in mind that Greg has the dry powder to keep averaging down. SO WHEN HE SAYS " they dont expire until June so I am not worried" That is because he can keep buying and buying and he never loses control of the option - meaning he doesn't let the option lose so much value that he is down 50%. he can keep buying so that the option loss is hovering around 10-15% you see. I am guessing here BC I AM LEARNING AS I GO and I would make the assumption that he never allows his options to lose 50% value-but if he finesses them so that they only lose 10 to 15% well that kind of loss can turn around in a single afternoon or a few bullish days and turn into a profit
Dont lose control of your options. If you dont have the dry power to keep in control over your average price then the "they dont expire until June" may not work for you (or me or whomever)
If I am wrong hopefully someone will speak up but this thread is kinda old.
Thanks so much Liz. You are very kind to spend so much time on me.
He doesn't want to share because it would hurt his upside movement, without the movement of people getting in late and his rip the face off wouldn't happen in this market. If he really loved his lions he would be totally transparent however he thinks its about it being tough.
Not True, If you got in later after Greg email out these alerts today you got a better price than Greg!!! You guys that continue to hollar about a certain price for and option that is constantly changing up and down by the second obviously don't know how options trading works, and its up to you to price your options before you buy!!! Greg is correct for not saying what price he paid for options, and if you were pricing your own options before you just blindly buy, then you would know exactly what prices everyone is paying and when the price goes up or down!!! GET ON THE BALL!!!
Totally Agree.
Hahaha most of the time that is not the case usually the price is going up by the time the notice gets back to you. and who knows how long Greg waits. just because you have no critical thought doesn't make anybody off the ball. Sheep will be sheep and not question this. I make plenty of money without making more for Greg and his style of options trading. My skills are in the real world not the bubble markets.
Don, Greg is helping everyone and your accusations are WAY OFF BASE!!! When Greg puts out a buy alert look at the charts and you will see exactly when he bought, and if you are a SMART SHOPPER and watch the price action before you buy you know exactly what the options prices are and if they are going up or down. In options trading it is very important to average down your option price if the price goes down on a Call option, and then when it moves back up you can sell for a profit even if it hasn't reached your original strike price!!! Greg is the most generous person to offer his LIONS this information, and is in NO WAY A SCAM!!!
Don, in regards to critical thought, I make my on decisions as to what and when to buy, and If I don't like one of Greg's option suggestions looks then I simply pass. I'm a leader not just a follower!!!
I bought 10 Oct 15 LAC calls a couple weeks back for $0.25 each. They're worth over 5K now. Where were Greg and his lions on that? They're missing all the best stuff.
I believe you may have a point
These people do not have a very good understanding of the massive size of the companies Greg is trading if they did they would not be suggesting that he is capable of changing the momentum of these stocks. hey are safe stocks and he buys his options so far out to be even safer.
Some people just like to be charitable. Really, this is true.
i am commenting about my experience because there is so much hype with him exaggerating how "his lions" are "ripping the face off this market" when so many have massive losses. yeah ok, i make my own choices and am responsible for them, but i really hate this inflated hype as it's just not true.
It only makes sense on the price. How can you tell someone when to get in when it moves so fast? Excellent education Gregory. Thank you.
well if you don't get in at or near the price Greg does, you won't get out of it with the same P/L that he does either
On occasion either because I got in at the wrong price or I got his sell signal too late, I'm at a loss when Greg is at a slight profit. Sometimes I've just waited for a while (hours to over a week) for my price to break even or be at a profit. Usually that works but it does make me nervous because I'm not privy to any news Greg may have on the stock.
he should mention the price he paid and he should use discord or something like that which is instant, as opposed to email which slow is as hell
Pete, of the two (price and timing of notification), the latter may be more important. If Greg does not want to release his price, it would be an improvement to seek out a faster notification method. Sometimes my email gets in 5 min or more after he sends out the notification.
price is 100% related to timing. don't get in at the right time, you don't get the right price.
Yes I totally agree Pete, it is tricky.
This morning one of the guys put his price in lower than it was when he got the email and he got in. I am going to start doing that and not chase it. I have noticed it drops then goes up a lot of the time.
I might start looking at when the email was sent, go back 5 minutes and set my price there. If I get in I do if not I will wait for the next trade.
Maybe he is going by entry and exit points not price. I have so much to learn.
I always make a profit from Gregory's trades. Of course not as much as him but that is none of my business.
Nice talking to you again Pete.
If I follow Greg in to a trade I make sure I get it at or near the low of day. If I don't get in at that price, I simply don't touch it. I don't buy what Greg's saying about the price not mattering- it does and people lose money by thinking that way. I don't know what his angle is, but it smells off to me.
agreed
Good advice, thanks Pete.
There's not much education. Mostly FOMO when he doesn't disclose his entries and reasoning behind it.
so very little education. i wish i'd waited and did more educating elsewhere before getting my money locked up in bad trades. he may help the more experienced traders, but not newbies like me.
I have learned so much from Gregory and the chat room. It has been invaluable to me.
regarding price entry however, without knowing price and entry conditions there's not much learning. In many ways i do agree with Greg's narratives however understanding the macro economic picture is completely separate with trade execution. His goal is to also help us rip the face off the market. That takes knowledge in trade execution as well especially in options.
also without learning reasoning behind it, it's just following the leader. I"m still here trying to somehow find a way out of the current trades without too much loss...not sure that will happen.
LIONS, keep in mind that every time you collect profits on an options trade, some poor guy or gal lost their A$$, so if Greg was trying to deceive everyone on his website, then every profit that I collect would have come out of Greg's pocket??? I don't see that ever happening, and THANK YOU GREG YOUR ARE INCREADIBLE!!!
Greg - there is a lot of heat in these comments. I just want to thank you for the leads. You give me leads, I evaluate them, I choose to buy or pass. Your leads make me a lot of money. I made $5,000 Net yesterday alone. Please keep it up. Huge fan. Dave
Well said!!!
Thank you Dave! Agree.
IMO hes chosen well. All will be winners just need to be patient.
Step 1: turn on twitter notifications(he posts here first)
Step2: blue horseshoe love Anacott steel
Check email/ look at time stamp
Step3: check charts see what momentum is doing/ if you like buy If unsure open a small position with powder dry to buy dips
A big key is to look at GM’s trading pattern, if he says uncertain and is pulling 1-3% profits you should be looking to do the same with or without him telling you so, if you have 5% and haven’t heard from him(rare) it means he’s expecting higher, still... I’d pull profits
The man has spoken! Stop asking for prices!
Thanks Greg, great buying opportunity this morning, and as soon as Ole Yellerstain shuts his mouth and Trump comes out on the balcony with a comeback speech after lunch the markets should rally strong into close!!!
The positivity I need!
Yes Sir, check out the 10 yr. yield @ .785%, and It might reach .79% later today!!!
https://www.forbes.com/sites/greatspeculations/2020/10/09/shift-to-online-marketplaces-to-help-ebays-stock/#66b6c43c7019
Ya, Ebay really went up a lot! It may be a good opportunity for you to get out and with the election coming up only you can decided if it is worth staying in - it could be a yo-yo for the next two months and then there is time decay. Keep in mind. you can sell and buy back if it drops back down to 45-50. That is if you're determined to get your money back from ebay. lol
well, you can put the money elsewhere. you do not have to recoup it with the same stocks. And that happens to everyone- that is why this is more of a psychological job. gotta shrug it off and keep moving forward.
and honestly spy will probably fall on Monday when the President tweets something the market does not like. expect the markets to be volatile for awhile. but I would follow greg more closely (or someone else )- he is no longer telling us when he is averaging down BUT I would start with 1 contract initially and if it falls 4-5% then buy 1 more. if it falls another 4-5 % then buy 1 more ETC. if you have been in it 2 or 3 weeks and you cannot seem to make a profit then try and find a break even or even 1% profit. it is better than losing 5%. I was able to get out of Disney this morning with a 3% profit- which is good. I am just happy I was able to get out of it after the struggle and make a profit on top of it.
Greg don't make us a bag holder