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look at the circled ITM calls vs the $20.5 strike calls in the same date that cost $0.17 and are $0.78 OTM.

Why would anyone buy OTM options when they could buy ITM options where the intrinsic value is basically equal to the price of the option? It seems to me like betting solely on extrinsic value via OTM is a bad idea...giving something for nothing in hopes it turns into something. Where does time...

I feel for you man, i took my first big loss 2 weeks ago and am still tore up. Hard to shake off those thoughts that pop up saying "maybe i should quit" or "how can i suck so bad at something" etc...Try not to beat yourself up too much is all the advice i can offer. Nothing wrong with being hard...

Its fake news...Brazil doesnt even have internet yet.

then go generate a more interesting thread instead of complain about this one.

yea man after i did some research on Hill, "Think and Grow Rich" lost all credibility to me. No doubt the book has changed lives but i just couldn't get into it after that.

yes both returns and gains are much higher (from a % of invested capital stand point). but you have to be great at risk management (which im not) because major swings up and down happen faster with options...ive had several go from basically break even to worthless (90%+ loss) in a matter or...

options are definitely not easier than equities at least for new traders...i was making consistent gains day/swing trading individual stocks the past several months and have lost all of that and then some in 3 weeks of options trading.

i pretty much just buy whatever and sell the winners then bag hold the losers for eternity.

I ended up buying at $0.03 before close just to make sure I was out. Made a little money but it wasn’t worth it. Got lucky. Thanks for the help folks. I know I am an ignorant worm and still have a long way to go.

I agree. Dumb move 100%. No more selling options for me till I get a handle on everything.

$18.98 right now holy shit this is exciting.

i like how your post was exactly what i'd expect from an "elite" trading site...dick head comment for no reason but to be a dick head. Well done bud.

Lmao you’re not serious? What I should do is is buy a $19.50 put so the price jumps to $20...I have that effect on everything I touch it’s like handicapped magic or something.

I’m going to close it out today unless it skyrockets in the next few hours...too close for comfort.

Each contract was $5.40 which was the put price x 100.

I shorted 70 put contracts. The price was $0.054 per put each contract represents 100 shares of underlying so $5.40 per contract X 70 = $378 in premium that i collected and will keep if it expires above $19. if those contracts expire under the strike price then i will have to buy those shares...

oh shit HAL is at $19.02 currently. Going to hold strong for the time being.

Bingo.