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If there is such a thing, then it would depend on where the price is now. Where it was a month (or whatever) ago has zero relation to current events. Yes - back at a time when current events, state of the world, the number of traders and their positions, and literally everything was different...

Why would 'long term traders' care about these "levels"? If you see an advantage to buying or selling now, would you say "no, I'm going to wait until it hits this level" and lose the opportunity? If you need to get out of 500k shares, will that "perfect" price hold still for you while you sell...

Short answer: you'll lose money. Longer answer: how much you're going to lose depends on how far above 890 it is at expiration, and whether you'll let your trade expire or close it before that point, and whether you get the stock called away from you (possibly even before expiration.) Note that...

I'd like to nominate this for the #1 belief guaranteed to blow up your account. It's equivalent to "hey, y'all - watch this!" Tip: if you "know what you're doing", then trading at high leverage with no effective way to instantly fire off your stops is something you never do. Yep, that's part...

I was actually starting to come around to that conclusion - playing around with gamma-scalping in TSLA, and wondering why my model was coming up with weird pricing vs. my platform. Spent a bunch of time thinking it was me screwing something up... I hadn't reached the point of "hey, maybe I...

From my perspective as a former Editor-in-Chief of a rather large web magazine: these people have little or nothing to say, so they dress it up in endless empty verbiage to make it sound like they do. All flash, essentially zero meaningful content. (It could be just a matter of awful writing...

What did happen to them? And if anything did, how was it different from any retail investor during the COVID crash?

Ditto here; it's always been one of my most productive attitudes. :) One of the first things I've learned in studying data science is just how many crazy biases we humans have. Our brains are amazing rationalizing mechanisms... note I didn't say "rational", though...

Sorry to disappoint you, but this is wrong. Believing it is a good way to lose all your money; the crash of the past few weeks illustrates this with 100% clarity. https://en.wikipedia.org/wiki/Gambler's_fallacy

"the clearing house will switch its options pricing and valuation model for certain crude and energy products (i.e., oil) to Bachelier" Yeah, like the pros ever actually used the BSM in the first place. "Why We Have Never Used the Black-Scholes-Merton Option Pricing Formula" Espen Gaarder Haug...

@sstheo - I'm chiming in late (had some Life Stuff to deal with, and have been mostly away from here), but - best of luck in your business, and I hope everything resolves as well as possible! I still recall your kind advice when I was just starting to trade futures, and still use it every day.

As @Pekelo has pointed out, options are a tool: one that provides a tremendous range of nuance and sophistication. Buying and selling stocks is like using a hammer: put a nail here and whack it, or use the claw end to yank it out. End of story, nothing else you can do with it. Mind you, there...

Hey, @.sigma - good to be back! Life Happened to me for a while, but it all worked out... I didn't really even get hurt by this crash, which tells me I was doing the right thing. TS has a really great plat in terms of doing chart-based work, in some ways the best I've seen. But on the other...

I've discussed this with my broker (TradeStation); by their rules, there's no way to file a standing "do not exercise" order. It has to be done for each specific trade that you do not want exercised, and has to be requested before 4:15pm - within 15 minutes of the market closing. (I was ITM by...

I think you know the answer to that; the strategy works, there's no doubt about it. The problem is that you let your emotions take over, which is something you can't afford to do while trading - no matter what strategy you use. Plan your trades, trade your plan, and manage your risk.

You're not the first one to think of it. And by the same token, it's not a bad idea - if you've got loose cash burning a hole in your pocket. https://www.nasdaq.com/articles/notable-etf-inflow-detected-qqq-msft-csco-cmcsa-2020-03-31

So - you make definite, imperative comments on things that you know nothing about. Good to know; thanks for filtering yourself out so early. [plonk]

Really? They're recommending? Can you point to where they're doing that? I've been watching them for most of a year, and - like everyone else in the financial space - they're damn near paranoid about pasting "this is not a recommendation" all over the place. They talk about what they've done...

Yes. Look for the research they've done on strangles and other strategies. They generally backtest using SPY for 15 years or more.

Have you ever actually looked at their site? This statement is frankly ludicrous in light of their (constantly reiterated) basis for trading. Their research specifically says that earnings are zero-sum in the long run. So, no, it's not based around earnings.