Sure, I'll hedge 1k Puts on 10K Calls when I get rich like you guys. I hedged a $3.00 Put on $200.00 worth of Calls. No prob, I did an ACH today to refill my trading account AND I'll put a few more bucks in the bank to transfer to my trading account on Monday. I wish there was an easier way to put money in my bank account without having to actually physically go there. I don't like keeping money in a bank because when the banks lock up they are NOT going to give any prior warning so one of the people they are not going to trap will be me. I WANT this market to tank for a while so I can go long near the bottom when Call options are cheaper.
Gregory is giving sound advice. Even I bought a $3.00 Put today. Use what you got man. Why not make a little bit of cash to soften the blow of other positions going down? You will sleep better at night. Me, I don't care about losing a little money, I DO care about losing to "The Market" though. I don't want to see them win. "The Market" laughs at me when I lose money and THAT chaps my hide. When "The Market" takes my money it LAUGHS HYSTERICALLY at me like The Joker and that image of The Joker laughing stays in my mind all day long and I start fuming. So with a Put on, the market can go down all it wants...I still win and the market frowns. I'M doing all the laughing now! lol
So if I'm buying a call my strike prices should be lower. When your buying a put it need to be higher. A strike price is the price you have a right to execute. If I have a strike on a put of 25 and the price is 23. Then I pocket 200. If my call is 21 and the price is 23 I pocket 200
Now I’m really confused 🤷♂️ my past trades have been calls OTM with strike price higher than the current stock price with moderate gains . A put is a short position right ? So should it not be lower than the current stock price ?
Sure, I'll hedge 1k Puts on 10K Calls when I get rich like you guys. I hedged a $3.00 Put on $200.00 worth of Calls. No prob, I did an ACH today to refill my trading account AND I'll put a few more bucks in the bank to transfer to my trading account on Monday. I wish there was an easier way to put money in my bank account without having to actually physically go there. I don't like keeping money in a bank because when the banks lock up they are NOT going to give any prior warning so one of the people they are not going to trap will be me. I WANT this market to tank for a while so I can go long near the bottom when Call options are cheaper.
Gregory is giving sound advice. Even I bought a $3.00 Put today. Use what you got man. Why not make a little bit of cash to soften the blow of other positions going down? You will sleep better at night. Me, I don't care about losing a little money, I DO care about losing to "The Market" though. I don't want to see them win. "The Market" laughs at me when I lose money and THAT chaps my hide. When "The Market" takes my money it LAUGHS HYSTERICALLY at me like The Joker and that image of The Joker laughing stays in my mind all day long and I start fuming. So with a Put on, the market can go down all it wants...I still win and the market frowns. I'M doing all the laughing now! lol
Can someone explain why ITM put strike price is higher than the stock price ?
Supply and demand.
Can you please clarify? You buy a put strike price higher than the stock price because it's ITM, in the money.
Isn’t a put supposed to be lower than the stock price ? OTM strikes are lower but ITM is higher ? I don’t understand .
So if I'm buying a call my strike prices should be lower. When your buying a put it need to be higher. A strike price is the price you have a right to execute. If I have a strike on a put of 25 and the price is 23. Then I pocket 200. If my call is 21 and the price is 23 I pocket 200
Now I’m really confused 🤷♂️ my past trades have been calls OTM with strike price higher than the current stock price with moderate gains . A put is a short position right ? So should it not be lower than the current stock price ?
You want to be itm or ATM, not otm on options
Greg’s trades have been OTM calls and ITM puts . Why ITM and not OTM
GM, Are doing this today?