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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.

Thanks.

that is where I am confused. Wouldn't I buy and sell at $514 at execution?

No, not a typo. I am really new at this and picked the wrong name. In this case, I would want to buy the call and sell the put because (hypothetically) I think the stock is going up. Better stated is what is the max risk on a synthetic long? So my net credit is $0.86.

I have a very accurate trading method that I have confidence in. I currently have an 83% win rate on bear and bull spreads. i want to shorten the timeframe and make more precise trades. I am having a hard time getting my head around this as options are not really my thing. Sooooo. Suppose I...

I am trying to build a strategy and this might help. How many points would nasdaq futures have to go up to result in a $1 up move in the QQQs? It seems like it might be 41. So if naz futures go up 41 points the QQQs would rise $1? Is this way off?

$24,000 margin required.

Ok, this has probably been asked a million different ways. BUt I am looking for a relatively easy to understand strategy to generate about $500 a week. I have settled into a put credit spread for now. Recent trade with QQQs at $409 was selling a $403 put for 0.68 then buying a $378 put for...

Seems to me like it just lowers the cost of the trade. But then you end up buying a stock that is going up.

I am reading about this strategy Buy 1 call at Current price Sell 1 put at Current price The internet tells me this is a synthetic covered call. I get that if the stock goes up, you own it at the current price because you are long the call. But if it goes down the call expires worthless but...