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Bet you had a few anxious moments when it went under 305$ though! Well done so far!

Talk about raising a thread from the dead - thats more than 2 years ago.

So I have a P DEC17 53 position for TARGET in my portfolio. Suddenly this morning it showed an impressive 3050% gain - I thought WTH?? Did TGT go out of business overnight? But then it showed that whereas the bid/ask is like 0.03$/0.06$ there was a transaction done at 0.63$ for a volume of 10...

The key to this strategy is how you avoid the big drawdowns or at the very least mitigate their effect. The reason you cannot roll is that your initial credit is paltry certainly when taking into account inevitable trading costs which spiral when rolling. Any spread I sell, I try to get at least...

Thank you - this is exactly the sort of comment I was looking for. Like I posted on Friday I bailed from the 30$ calls and moved to 60$ . The result is less good than yours as the position lost 2K but would have lost 3.2K if I had stuck in it.

My expectation is for the stock to continue to rise - a setback to 25$ is not excluded in the next year but nothing worse than that. More likely the stock will peak in the short term before dropping to the 30-35$ mark after which a sideways movement of a few months will occur before the rise...

Its what I did Friday - the position went from a minor 1500$ position bought on momentum vision in August to a position that was worth >6000$ - so I traded the 30$ calls for 60$ calls halving the position but remaining delta equivalent to the previous position. There is no ideal way of doing...

The vertigo is due to the size of the position in my portfolio not due to the stock quote itself.

That is also true but I try not to drink and invest ;-)

Actually there was a time I invested considerable time and interest in T/A variants. I then consulted The Encyclopedia Of Technical Market Indicators by Colby. This made me a lot more sceptical about the validity of t/a which I am sure is a can of worms. For sure though most patterns or t/a...

Ok - but do you let things go to assignment or do you close and rollover?

Dont worry I am not offended - its a shame you did not react straight away. I posted at the time I did exactly because it was ahead of an outcome so it didnt involve hindsight "cheating". Being wrong is part of investing and if I got miffed every time a trade went south I'd be a pretty sour...

This is the strategy I have followed in the main. Except I will usually transact for a credit so as to reduce exposure - this has cost me profits at times but it avoided the problem that one position balloons to 10-20 or even more percent of the portfolio. Taxes fortunately play a minor role, I...

I have often read about this strategy. Do you let yourself be assigned if the call is in ITM or the put? This is whats always sort of held me back in trying this out full tilt. I followed this strategy on a dutch tech stock called ASMI for a while last year. It made good money - less than an...

I think this is very much the point - it ticked all the classic boxes for h/s and yet fail.

You are mistaken if you think I enter a position on gut feelings. I tend to follow two things either momentum or a value when I go long. When I mention fear and greed I simply express the human feeling noone is totally immune to regardless of how objective and rational you try to be. Apart...

The thread on how to lock in profits made me think of the conundrum one faces when a long position is well in the plus. When I trade directionally I tend to buy options a ways out in time 8m-1y more or less and - rule of thumb - as far out of the money as the market expectations appears to be...

Indeed - why do you think that is so?

The easiest way to see it is to look just at my first post and the top picture. There is a left shoulder around 1st November, a nice round head around the 9th of November and the right shoulder around the 17th. The volumes are also consistent with high volume on the left shoulder and decreasing...

Your 'catastrophic loss' is another's 'a little run of bad luck'. People have generally been mealymouthed about their losses and tend to tout their gains.