<<<Even if the underlying asset moves sideways you will lose money buying options because of time decay, AND IF IT HAPPENS TO DROP- YOU LOSE MONEY EVEN FASTER.>>>
I would tend to agree. I've got 4 options sitting there getting eaten alive by time decay. The prices of my call options are either going down or sideways. Nice! Hahahahahahahahahahaha! 🤣 Frankly, I'm GLAD it's happening to me because it forced me to do the smart thing and invest in an instrument with ZERO time decay....CRYPTO! Hahahahahahahahaaa! NOW I'm trading an instrument with no time decay AND there is no expiration date on it. Once I buy the cyrpto I OWN IT until I sell it and THAT buddy makes me Happier'n-A-Pig-In-Slop!
If you buy a call or put option you don't own it. You own it until the day of expiration.
I still have long dated call options which I will let sit there until they produce a profit or expire worthless. The GOOD thing that has come from all this is I have gained the EXPERIENCE to know that it is better to own an instrument that I OWN instead of an istrument that I own until the date of expiration. I have made one more good good decision that has made me 25% profitable in my crypto trading account so far in two weeks and THAT makes me happy as hell. Hahahahahahaahahahahahahahaaaa! 😃 Eeeeeeeeeeeeeeeeheheheheheheheheheheeeeeeeeeeeeeeeee! 🤣 🤣 🤣 😈 😈 😈
Traders.....don't lament or beat yourselves over the head for making bad mistakes. Simply adjust. Bad mistakes are a GOOD THING! That's how you learn. After losing and losing so much money I decided to buy an instrument I can afford and that I OWN...crypto! Now I'm happy and at peace with my trading and profitable. 👍 😃
<<<Even if the underlying asset moves sideways you will lose money buying options because of time decay, AND IF IT HAPPENS TO DROP- YOU LOSE MONEY EVEN FASTER.>>>
I would tend to agree. I've got 4 options sitting there getting eaten alive by time decay. The prices of my call options are either going down or sideways. Nice! Hahahahahahahahahahaha! 🤣 Frankly, I'm GLAD it's happening to me because it forced me to do the smart thing and invest in an instrument with ZERO time decay....CRYPTO! Hahahahahahahahaaa! NOW I'm trading an instrument with no time decay AND there is no expiration date on it. Once I buy the cyrpto I OWN IT until I sell it and THAT buddy makes me Happier'n-A-Pig-In-Slop!
If you buy a call or put option you don't own it. You own it until the day of expiration.
I still have long dated call options which I will let sit there until they produce a profit or expire worthless. The GOOD thing that has come from all this is I have gained the EXPERIENCE to know that it is better to own an instrument that I OWN instead of an istrument that I own until the date of expiration. I have made one more good good decision that has made me 25% profitable in my crypto trading account so far in two weeks and THAT makes me happy as hell. Hahahahahahaahahahahahahahaaaa! 😃 Eeeeeeeeeeeeeeeeheheheheheheheheheheeeeeeeeeeeeeeeee! 🤣 🤣 🤣 😈 😈 😈
Traders.....don't lament or beat yourselves over the head for making bad mistakes. Simply adjust. Bad mistakes are a GOOD THING! That's how you learn. After losing and losing so much money I decided to buy an instrument I can afford and that I OWN...crypto! Now I'm happy and at peace with my trading and profitable. 👍 😃
Me too...almost feels like they are manipulated to expire worthless for the call buyer.
Greg, out of curiosity, all of 2020 and the beginning of 2021 you were doing nothing but calls….. why the change to puts recently?
Honestly, getting too old and tired to constantly follow the trades. Much easier to sell options/set up credit spreads.
Makes sense. I agree. Thank you for the response!
Thank you Greg. Respect!