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Hello, I am wondering if it is a good idea to sell covered calls that have a really long exp dates on stock that you decided to hold long term. I am not sure what strike price to choose . Let say you have tesla shares that you wanna hold long term 10y or more. Right now tesla is around $720 ...

Thank you , Did you get a PM from me? I don't remember ever sending a PM do anybody . I have had little bit of luck with single leg calls , but lately it has been more difficult to be constantly profitable , I usually panic and close a losing option 2 weeks before the stock recovers...I...

UPRO for example

Did you mean sell a call to create a spread? Sorry I am really new to options. I am slightly bullish but I think it will trade between 220-280 for the next 6 month .

Would it be a good idea to do the tail risk hedge using leveraged 3x options instead of non -leveraged?

Hello , I was wondering if you ever turn a profitable long call into a bull spread or just close the trade and take the profit. I am long 1 OKTA jan20 '23 210 call . I bought it for $57 and now it is $79. Does it make sense to turn it into a bull spread or calendar spread , maybe by selling...

I didn't sell it yet, I am still waiting for price to go up . I might just turn it into a bull spread while I wait.

I agree,but at this point I don't really trade options. I just buy a call when I'm bullish ( from time to time) instead of buying shares or sell a put when I am trying to get an assignment at cheaper price.

You are 100% right about my reasoning for buying that option . Thanks for you advice. I have Nathanberg's book but it is a rather difficult for me. I started couple of times and gave up. I think I have to start again . I read 1 or 2 books about options, which basically explained some basic...

Yes , I just bought 1 call for $30 with a 50$ strike

I own LMND dec17'21 50 call I bought it for $30 now it is $24 So I am losing $600 I would like to keep long position in this stock but not sure how to figure out when to sell it and buy a new option with a dif.exp date and strike price. thank you

I am not saying it will recover. I believe it will recover and I am willing to take a chance and hold it for another 3-6 month , the same way I would as if I owned the stock.

Hello , How do you deal with a losing deep ITM long calls if you still believe that stock will recover in the next 3-6 month ? Do you sell it and buy another call with a different strike price and expiration or just keep it until expiration? Thank you

I am looking for stocks for swing trading but mostly long term investing, hoping to get a better performance then sp500. If I open a new tread about finding stocks with upside potential would you be able to share some of your criteria for those kind of stocks? Any book recommendation? I am...

How did you do it? I can't program anything thanks

Hello, I would like to find stocks that have better historical performance then sp500 over certain period but are now down compered to sp500. Input: Find stock that overperformed sp500 by at least 30% during last 5y , market cap over 10B and over the past 3 month is underperforming sp500 by at...

Thanks, I started to read about tail hedging. I have always assumed you had to buy ATM put to create a hedge against a market crash . It looks like buying even 30% OTM put works . This is an interesting explanation but still pretty complex for a beginner if anybody is interested...

I would be ok with consistent 5% return on borrowed money , with much lower volatility then sp500. I don't have a stomach for a huge drop with borrowed money. I am not smart enough to day trade and I have had mixed results with trend following and swing trading. My best returns were always...

Hello, I have access to margin with IB with a pretty good rate. I would like to know if there is a relatively safe way to use margin without exposing yourself to huge market swings. I was thinking about selling puts and once assigned , selling covered calls on relatively stable stocks maybe...

Thank you for your answers. I guess I have to read up more on options. My knowledge is very limited.