Recent content by Supermariotx

Thanks for clarifying.

So to make sure my math is correct. If I do the following: 1. Purchase SPY 240 Puts March 31 @ $3.00/$300 per Contract. 2. 33 Contracts = $9,900, which gives me the option to sell for $240 on or before March 31st. 3. If equity is at or above the strike price at expiration, I'll loose the...

Yes, correct. I just realized "naked" was used out of context in this example.

In otherwords, a naked SPY 240 March 31 Put should be sold prior to expiring for a lost of nearly 10K to avoid a bigger lost if the market decide to increase?

Monday likely won't be so bad. However, I expect an epic dip next week or the following week.

Thanks for clarifying this. It seems a lot of money could be made in this case? Frankly, I'll risk loosing 10K in this instance since I strongly feel that market will continue to dip. I'm a business owner and lock-down will be detrimental to businesses and the overall economy. Again, I'm not...

Hello, I started trading stocks in 2006 while I was a senior in college and have been very successful so far. In saying this, I have absolutely zero experience in option trading. I started studying options 2-3 weeks ago, however, I'm still confused about the point below: 1. Can you lose...