Greg is 100% confident that the FED will not allow market to collapse. If that's true, selling puts when volatility is HIGH, is a great way to make money. Of course don't sell a lot of puts. Worse comes to worst, you would own that stock. If you like that company, then owning 200 shares is not a bad idea.
As a long time viewer of GM, and bought his book, I am very disappointed that he left people hanging with previous AAPL and BABA trade suggestions-where many of us lost thousands!
Funny how Greg says, "I will never let you down, I got your back, and you will never lose on my watch"????????? Then leaves his followers hanging out to dry??? Of course Greg never ever loses or is never ever wrong either??? I say I'm very disappointed and have been very disappointed THIS WHOLE YEAR!!! Where is Greg??? CRICKETS???
Yes, exactly. I am looking for a good education in options. Greg is insightful and entertaining, but after losing so much money on AAPL I won’t follow his guidance. Ironically I chose Apple as they seemed stable and I have owned their stock for years.
Hey Jay, Yes it is, but if people want to learn the true nature of options this is it. I've read through it twice over the years and I'll refer back to it. Just as someone reading the bible. The author was my first boss, it was mandatory that all employees read his book.
I am still in BABA, but i have until Sept and i can avg down at a great price right. Ive still made $7k this year off greg trades; sure im still down on a few but you have to let these play out over time. not every trade will be a win. He does a great job but you have to play your positions with risk management. dont expect to buy 1 contract and win
I don't think it's fair for you or anyone to criticize Greg's trade picks. No one has a crystal ball and at the end of the day YOU made the decision to invest. The definition of 'invest' is "to put (money) to use, by purchase or expenditure, in something offering 'POTENTIAL' profitable returns, as interest, income, or appreciation in value." Keyword is "POTENTIAL". You're an adult, you clearly know there's risks involved and no one held a gun to your head. If a trade goes sour cash out, roll the position, wait it out or except the loss and move on. I trust Greg and his knowledge, but I don't do every trade he puts out. Not because I don't trust him, but because I'm still a student of the game. I am constantly reading, watching educational videos, following the market & listening to other opinions as well. As a financial advisor, Greg's daily commentaries are on point. Your responsibility is to educate yourself and not wait for someone else to think for you.
Hi Cassie, not sure how long you followed him. His recommendations are reckless at best. Additionally, he might know the generalities of options, but he doesn't really know how to trade. When the market goes straight up...everyone's an expert.
FNV is signalling that the Gold/Silver miners may be bottoming here. FNV is the prime royalty company. It's also the prime short candidate for those who want to short PM because of the leverage royalty companies provide. FNV and WPM are the two companies to watch
I never sold an option before but if there is some kind of assignment risk I will ONLY sell SPX. It's an index option and therefore has nothing to assign. YES!
Will you do a teaching video about selling options? If you do or don't it doesn't matter to me because I'll do my own due dilligence research on selling options so I will never blame you for my screw-ups. BUT some of these little pups might just jump right in with no knowledge about selling Puts and possibly get reemed. You owe it to them Greg to do a teaching video on it. If you're talking about it, then you need to teach about it. Don't just send these new guys in blind.
its an .11 trade. so what if you make .03. you have to cover this trade so unless you have millions to trade it doesn't seem worth it. Am I missing something?
1.9 trillion Covid package and 2.4 trillion in infrastructure along with usual spending in trillions and gold and silver limping to even go above 200 DMA . Now that's encouraging for MMT proponents. Gundlach who shorted S&P and told that MMT was good for 5th grade students is hiding under some rock or has left the battlefield with the tail between his legs or licking his wounds lol
Be careful of selling naked options for tiny credits. Expect the worst that can happen.
100% Bruce
Greg is 100% confident that the FED will not allow market to collapse. If that's true, selling puts when volatility is HIGH, is a great way to make money. Of course don't sell a lot of puts. Worse comes to worst, you would own that stock. If you like that company, then owning 200 shares is not a bad idea.
Only if you can afford it.
As a long time viewer of GM, and bought his book, I am very disappointed that he left people hanging with previous AAPL and BABA trade suggestions-where many of us lost thousands!
Not a word on how to manage them.
Funny how Greg says, "I will never let you down, I got your back, and you will never lose on my watch"????????? Then leaves his followers hanging out to dry??? Of course Greg never ever loses or is never ever wrong either??? I say I'm very disappointed and have been very disappointed THIS WHOLE YEAR!!! Where is Greg??? CRICKETS???
FREAKSHOW ECONOMICS!!!
Yes, exactly. I am looking for a good education in options. Greg is insightful and entertaining, but after losing so much money on AAPL I won’t follow his guidance. Ironically I chose Apple as they seemed stable and I have owned their stock for years.
Cassie, Options as a Strategic Investment by Lawrence G. McMillan is the gold standard.
It's a hard read..BUT if you want to learn what options are...this is the book.
Thanks!
It's an understatement to say that book is a hard read. It's way too much to retain.
Hey Jay, Yes it is, but if people want to learn the true nature of options this is it. I've read through it twice over the years and I'll refer back to it. Just as someone reading the bible. The author was my first boss, it was mandatory that all employees read his book.
Trade safe and stay liquid
Thanks. I hope he was a good boss. He is certainly a highly intelligent and knowledgeable fellow.
This year was brutal ..but things change for the people that is new in trading when Greg stop managing for wherever reasons.
What's up William, correct as usual.
I am still in BABA, but i have until Sept and i can avg down at a great price right. Ive still made $7k this year off greg trades; sure im still down on a few but you have to let these play out over time. not every trade will be a win. He does a great job but you have to play your positions with risk management. dont expect to buy 1 contract and win
And to be clear I am not in BABA, just reading the experience of other lions, losing my shirt in AAPL though.
I don't think it's fair for you or anyone to criticize Greg's trade picks. No one has a crystal ball and at the end of the day YOU made the decision to invest. The definition of 'invest' is "to put (money) to use, by purchase or expenditure, in something offering 'POTENTIAL' profitable returns, as interest, income, or appreciation in value." Keyword is "POTENTIAL". You're an adult, you clearly know there's risks involved and no one held a gun to your head. If a trade goes sour cash out, roll the position, wait it out or except the loss and move on. I trust Greg and his knowledge, but I don't do every trade he puts out. Not because I don't trust him, but because I'm still a student of the game. I am constantly reading, watching educational videos, following the market & listening to other opinions as well. As a financial advisor, Greg's daily commentaries are on point. Your responsibility is to educate yourself and not wait for someone else to think for you.
Greg, instead of bragging about what you made, discuss the margin requirements AND risk. Joke
I think he just has so much funds that he can’t really relate to how a lot of us invest...
Hi Cassie, not sure how long you followed him. His recommendations are reckless at best. Additionally, he might know the generalities of options, but he doesn't really know how to trade. When the market goes straight up...everyone's an expert.
Trade safe and stay liquid.
FNV is signalling that the Gold/Silver miners may be bottoming here. FNV is the prime royalty company. It's also the prime short candidate for those who want to short PM because of the leverage royalty companies provide. FNV and WPM are the two companies to watch
More Christian False Prophets giving trump voters false hope. Hahahahahahaaaaa!
https://www.youtube.com/watch?v=eYuGGJnlTgg
Not good. On April 25 I'm on holiday ...
The losses from selling options can potentially be infinite.
you would make $10 selling this tops but need $15,200 just to cover it in case it exercised. how is this a good investment for $15,000+ to make $10?
Great job Greg! Kick ass!
I never sold an option before but if there is some kind of assignment risk I will ONLY sell SPX. It's an index option and therefore has nothing to assign. YES!
Will you do a teaching video about selling options? If you do or don't it doesn't matter to me because I'll do my own due dilligence research on selling options so I will never blame you for my screw-ups. BUT some of these little pups might just jump right in with no knowledge about selling Puts and possibly get reemed. You owe it to them Greg to do a teaching video on it. If you're talking about it, then you need to teach about it. Don't just send these new guys in blind.
Dow still expecting down to about 32,880/32,920
its an .11 trade. so what if you make .03. you have to cover this trade so unless you have millions to trade it doesn't seem worth it. Am I missing something?
Correct Chris....his recommendation does not make a bit of sense. Maybe if your trading 50/100 lots.
JPM APR21 30 120P sells at 0.04 now ; my fees are 0.025 in and same out ...
Congrats..
1.9 trillion Covid package and 2.4 trillion in infrastructure along with usual spending in trillions and gold and silver limping to even go above 200 DMA . Now that's encouraging for MMT proponents. Gundlach who shorted S&P and told that MMT was good for 5th grade students is hiding under some rock or has left the battlefield with the tail between his legs or licking his wounds lol
XOP is looking good here.