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Trade #1: Pretty basic. Sell the six puts I bought before the weekend for 0.91 Time value went poof. Reminded me I don't want to hold long options over a weekend. Not going to do a trade like this again. Time value can disappear too fast. 10:10 AM Sold 6 @ 0.91- Bought 6 @ 2.20 - = Loss of...

Busy trading day, ended up with a profit of $24.89 bringing account profit total to $1369.39 I apologize for this mess but I'm approved for day trading now! Here are the trades I did, seven in total. I will explain each trade in posts to come.

Before the open.

Not looking horrible for my puts but not all that great either! At least seeing down in the after hours and futures. Sunday around 7PM

My Dad's system long time ago was just to trade stuff he ate or places he ate at etc. He was heavy into Dr. Pepper, House of Pancakes , McDonalds. He did a lot of complex trades with options and what not, but the stock always had to be something he was personally spending money on. It was...

Here's a chart. It's thumbnail so click on it to enlarge.

Oh right a straddle is both at the same strike. I get straddle and strangle mixed up.

It's probably already known by all, but I would add one should have high option approval level so one can sell options as well as buy them. Some have the lowest level, can just buy options and do covered calls I think, that is so limiting. My suggestion for beginners would be to watch for...

I actually looked at it today thinking about buying a put. Kinda late now lol. I know overnight gaps can be bad, but yea didn't know they could be that bad.

My account profit right now is $1344.50 but remember my goal is to buy a house! So going to be a bit aggressive here. I am going to risk pretty much my whole profit on this trade. But it's winnings so meh lol. Buying 6 Nov 8 puts in QQQ at strike of 398 . This could be really good or...

Seems interesting to me that the QQQ ended up at the same high the S&P 400 made there at the open. Also, the two indexes were together at #1, then separated, then came back together at close.

Exited trade a few minutes before market closed. Profit of $830.80 Total account profit now at $1344.50

QQQ been going sideways till the news hit at 2PM. The channel range sure got tight there in the box. It's like something compressing more and more until it explodes. Volume exploded there at 2PM as well as range. Saw the hefty down moves as well so set sell stops at 388.5 in my head on...

Trading the Fed news today. The S&P 400 already reacted to news that does not exist yet! No statement till 2PM as far as I know. The hand there shows what the S&P did at open today. QQQ is like, "we don't know what the news will be." I think I mentioned it somewhere else in this thread, but...

So far I can buy a dog house with my profits! I sold the four options. While waiting for a sell signal I added the S&P 400 line to look for a change in direction or momentum. Saw that in box 1 on chart. QQQ was sideways to down while the S&P started an up move in box 1 and accelerated that up...

Opened new option trade. This is what I am looking at. I am seeing a narrow channel in a larger one. My guess is we are at point where QQQ will test the narrow channel support at around 388.50 then maybe test the support around 387.50 in the big sideways channel. Bought 4 388 Puts. Filled...

You are right. Thanks for catching that. I'll see if I can edit those words and fix them. I should have said time value., not premium. When I was taught options my teacher always called time value premium so messed up my thinking lol. "Time value is at its highest level when an option is at...

I just realized I left out an another one: Say the stock is at 400: 1 person buys the on the money 400 call for 55 1 person buys the in the money 375 call for 70 Say both people hold the calls till expiration day and the stock ends at 400. The person who bought the 400 has a loss of 100%...

If they say they are raising interest rates more than people expect seems like vix should go up. And stocks go down... but who knows. Or if they say they are ending buying treasuries or something.