Oi, not on any other forums, sometimes read futures.io. I haven't traded in a while, started a marketing company instead. Happy to talk about this method if you want.
Find stocks that go parabolic out of nowhere, like SNDL. I am not using software that allows me to copy and edit pictures now so I can't post them, but look at SNDL.
Then, after they go parabolic, buy puts between the spike and the previous range.
View DNN right now. A 0.5 call is 0.50 to sell and a 0.5 put is 0.05 to sell. This gives a net credit to take a short position.
A 2 call is 0.5 to buy and a 2 put is 0.95 to sell. This gives a net credit to buy a long position. Seems like this would be better than having a normal position.
For example, currently, SNDL 2, 2.5, 3, and 3.5 calls are 0.05. SNDL is currently $1.39. If you wanted to buy a call, does it matter which one you buy since they are all the same price?
Why is it overpaying?
So you're saying just hold the stock?
It could drop, but are we talking like from $80 to $1 so that the price of the calls will be very little?
Sell cash secured puts of a stock you wouldn't mind holding.
If put is exercised, sell a covered call at a price that would make you a profit.
If you still have the stock, do it again.
Repeat.
An example:
ABC is $20. Write an $18 put for $3. Make $300.
Put is exercised.
Now you have 100...
I'm pondering opening an AMP futures account.
I see they have multiple datafeeds from which I have to choose.
In the past, I have had a TDAmertrade account (didn't require a datafeed/provided its own datafeed), Scottrade (didn't require), and OEC (didn't require). Why do I need to choose a...
Say you wanted to buy 10,000 shares of something where doing do would cause price to rise a lot. Could you buy 100 puts instead and if they expire at a price making you get put, do you just get them hence without moving the market