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Thank you Dr for stopping by. Yeah, I have never played with naked options, too risky for me. I started with straight calls and now I'm tinkering more with spreads. From your post, I'm not sure if you thought I was short my calls or not, I am long and luckily up over 150% at the moment. Hey...

Thanks for the replies! Tommcginnis, At the time of my purchase, BMY was around $45 and was really only creeping up and down. I was just hoping we'd be at $60 by Jan '21, didn't expect to get there a year early. This was one of my first option transactions, so I'm still fairly new to the...

Hello All, I'm holding $40 Jan '21 BMY calls. BMY is currently trading at $63. With another year to go before exp, I was wondering if it would be in my best interest to either roll them up a bit and/or roll them forward to '22, or just continue to hold them. This is in my roth account. Thanks!

A fellow I am aware of does short strangles on V on a weekly basis. He typically has a $10 spread between the two strikes with the underlying in the middle. For example, V is at $175 right now, so he'll sell a $170 put and sell a $180 call. He usually initiates these on a Monday or Tuesday. I am...

Great to see such passion for trading options, looks like I came to the right place to learn. And Wheezooo, I'm almost too embarrassed to admit this, but when I first took an interest in individual securities in early '18 (I was into funds up until that point) I jumped in with both feet and...

Great stuff guys! Thank you so much for taking the time to respond and share your expertise. I have a feeling I'll be back soon with another question or two. Thanks again, Mark

Hi there, I started tinkering with options earlier this year, I started with straight calls and now I'm trying out different types of spreads. Last month I initiated a calendar spread and the stock rallied soon after. With roughly three weeks to go until the short call's expiration, it was...