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  1. ChrisDouthit

    Can I sell vertical spreads on margin?

    The investment bank isn't going to let you go buck wild was options on margin as they will know they will be holding the bag when you run out of money.
  2. ChrisDouthit

    New Here

    Options save my portfolio this week. All traders should be in the options some level, but I highly recommend you don't do anything crazy without at least a couple months of paper trading.
  3. ChrisDouthit

    Zero account

    If the options aren't expired they're not worth zero. I'm guessing you're talking about options that are zero bid at five cents. Although those are technically so far out of the money they will unlikely never be in the money, but it does happen, and the zero bids have a small chance to have...
  4. ChrisDouthit

    spce how to invest?

    SPCE coming back down, perfect!
  5. ChrisDouthit

    spce how to invest?

    That would be true if I was talking about coming in and buying the stock, certainly not when I'm intending to do. I'm looking to find a point when this thing comes crashing down and jumping in and buying puts or some other type of multi-leg option trade.
  6. ChrisDouthit

    Covered call calc

    If you sell a covered call in the stock and it gets called away, never re-buy the stock at the inflated price. If you still want to own the stock, just sell the put on the same strike price that the covered call was on. Here one of two things will happen, if the stock drops below the strike...
  7. ChrisDouthit

    Covered call calc

    Covered calls are a great tool, and over the long run, will outperform people who only buy stock. The idea is your limiting your maximum profit potential in exchange for guaranteed income. This guaranteed income can be used to offset a downward movement in the stock. If the covered call is...
  8. ChrisDouthit

    spce how to invest?

    Virgin Galactic is like a mini Tesla, every day it's exploding more and more. At what level does it make sense for your hat in and jump on the bandwagon?
  9. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    Yes I definitely do calendar spreads to, almost put a calendar spread on this week, but decided to do a risk reversal instead. Really just depends on the situation. But calendar spreads are definitely good strategies.
  10. ChrisDouthit

    Sell put to cover the loss from a covered call?

    What I think ETraderJoe is saying, is that he bought stock in Tesla and sold an upside call against it. But as it turns out, if he would’ve only bought the stock, and not sold the call, he would’ve made way more money. By selling the call against the stock in essence he capped his maximum...
  11. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    That would only be true with many thousands of contracts. The stock price movement and volatility changes are going to be a way bigger factors in price. Anyway, I really just wanted to discuss different strategies, in my opinion, selling premium will win out in the long run.
  12. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    I'm not sure I understand, but I think our win rate is represented by the amount of effort we put in each trade. Often times losses are generated due to random events that pop up. For example, I'm still concerned about the coronavirus and the events that can transpire over the next several weeks.
  13. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    Interesting question, no one's asked me that before. Our trades on average last about 30 days, with about 50 trades per year and winning over 90% of the of them, we are going to have a far better return on capital than someone else doing 100 trades and winning only 70% of them. We put...
  14. ChrisDouthit

    WWE

    I don't know about incompetent, but McMahon certainly seems like an ass.
  15. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    I never sell naked options as a recommendation, all my recommended trades have defined limited risk. I do a lot of vertical spreads, butterflies, and iron condors. However, in my personal account, I do sell short-term straddles and strangles, but I definitely would not recommend anyone do that...
  16. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    My team and I spend about 4 to 8 hours a day researching companies, but that's what I do for living. We then post our research reports on Option Strategies Insider.
  17. ChrisDouthit

    WWE

    Perhaps, I just assumed it was as the original XFL was.
  18. ChrisDouthit

    WWE

    The WWE is a highly risky stock, if the XFL ends up being a success I expect great things for the company. However, has any professional football league ever stood the test of time against the NFL? The XFL already failed once and I suspect it will happen again.
  19. ChrisDouthit

    What are some Basic Strategies that have Worked for You?

    The strategy that works the best for me is highly researching a company, establishing an opinion about where the stock is going to go, then sell premium against the position with about 45 days to go till expiration. This is a sweet spot when options decay quickly. Here we want to rack up many...
  20. ChrisDouthit

    Trump Cutting Taxes For Stock Traders?

    That is certainly one factor, but I would not say it's the only factor.
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