Lions.. here again I have re-evaluated my current positions/stock picks listed on my website- CLICK THE FOLLOWING LINK TO SEE THE ENTIRE LIST: https://traderschoice.net/about-traders-choice/
All of these positions remain a buy.
With XOM and V, these IMO are screaming buys right now. With that said- I STRONGLY ADVISE AGAINST BUYING CALLS HOWEVER, IF YOU INSIST ON BUYING OPTIONS INSTEAD OF SELLING THEM- HEDGE YOUR POSITIONS USING ONE OF THE TWO STRATEGIES LISTED BELOW.
NEVER BUY OPTIONS, CALLS OR PUTS, UNLESS YOU ARE EXTREMELY PROFICIENT AT DOING SO.
Hedging Strategies.
1. Long Strangle
The long options strangle is an unlimited profit, limited risk strategy. This strategy is utilized when the trader/investor believes that the underlying stock will encounter high volatility in the near term. Significant gains are attainable when the underlying asset price makes an especially strong move either upwards or downwards.
To set up a long strangle strategy, the trader/investor will purchase an out-of-the-money call option and an out-of-the-money put option simultaneously, on the same underlying asset with the same expiration date.
2. Long Straddle
The long straddle options strategy offers unlimited profit, while limiting risk. This strategy is used when the trader/investor believes that the underlying asset will experience considerable volatility in the near term.
A long straddle strategy can be set up as follows. The investor/trader simultaneously purchases a call and put option on the same underlying asset with the same strike price and expiration date.
$$$ THE RIGHT WAY TO PLAY LONG POSITIONS IN THE MARKET IS BY SELLING PUTS OR BY SETTING UP CREDIT SPREADS.
WITH ALL OF OUR TRADES, TO MAKE STEADY CONSISTANT GAINS, YOU WANT TO BE A NET SELLER OF OPTIONS…. LEARN HOW- CLICK THE FOLLOWING LINK: https://www.lulu.com/en/us/shop/gregory-mannarino/a-not-so-random-walk-on-wall-street/ebook/product-n66ymz.html?page=1&pageSize=4
XOM has been shit for the past 2 weeks, what’s going on with oil?
Hi Greg, I’m pretty sure you got the call on oil wrong. Should we just take our losses?