Recent content by trada

If you can follow just this one principle, you will have a great trading career: *** Before entering any trade, think of how much you're willing to lose on that trade. As soon as you hit that magic number, bail out ASAP because the trade is not working. *** Because you have already...

Even if the underlying stock was up 4 points, the profit would be significantly less than $20K because the volatility dries up after the earnings came up. Volatility is a big part of the $1.6/option premium. $9K might be more like it. Such is the novice approach to trading earnings...