Recent content by spinn

Interesting responses lol. I sold the put getting enough premium to allow me to place a stop far enough above the market so even if I am stopped out, I will not lose money because I already have the premium. If I knew it was going to go down, I would not have to do this. Seems like most of you...

I use a method I have confidence in that is very good at determining when a trend is weakening and about to reverse down. I sold a stock short at about $500 and it is down significantly today. So I sold a put at $497 for about $3 initially. After it went down today I closed this put and sold...

Interactive Brokers has a tool they call Option Wizard that helps pick the best options combination for a given trade. So for example, I thought SPY was going to top out and crash last week. I typed in SPY and my assumption that it might go down $4.Option wizard gave me a list of 11 combinations...

Another angry genius who is losing money trading. Thanks for stopping by. I traded QQQs not NVDA. BTW my win rate is around 90%, is yours?

So I shorted some $459 QQQ calls expiring on 5/15 priced at $1.20. NVDA was reporting earnings that day but I thought I was safe because it was after the close. At 3:50 pm they were trading at about $0.30 and the qqqs were at $454 well below the strike price. It was weird to see them at even...

To do what with? My methodology is working but the question will still remain

I have met Saylor. He lives a few miles from me in Miami. While brilliant in his way, he is very soft-spoken and if you had no idea who he was, you would think he is an awkward nerd. He has parties where friends scan Tinder or whatever and bring over 22 year girls from all sorts of Eastern...

What do you mean by this? I usually sell a call 3 or 4 points above the top bollinger band, then buy a call 5 points above that. And no, I do not rely entirely on just Bollinger bands. If you're usually correct on the direction, move your spread closer to the market price. Improves P/L ratio but...

I have a technical analysis method I have been using for about 20 years that I have a lot of confidence in. I started doing credit spreads, mostly on the SPY and QQQ about three months ago.I am doing very well with a win rate of over 80% currently. My concern lies in the fact that these trades...

Ok, maybe I would need to sell both but the margin would be huge...starting to get it.

If I think it is going up a couple $ in this instance, I want to be long....and make the net credit. But I cannot figure out what happens if it goes down.