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  1. W

    Selling itm (covered) calls the same as shorting the stock?

    Yes (and confirmed :) I guess what I was trying to demonstrate is that if you are already long the stock, then selling a covered call itm is the same as shorting the stock atm but with limited upside risk and capping downside profits. This is selling a naked call option. You can see the...
  2. W

    Selling itm (covered) calls the same as shorting the stock?

    But it's not the same lol
  3. W

    How can I profit from selling puts in a stock I shorted?

    If you received $3 for a 497 strike put, then price must have come down to around 494. After what went down, the stock price or the value of the put? You are talking about doing this until the trend changes, so I'm assuming the stock dropped more? In that case for you to receive $5 it would...
  4. W

    Selling itm (covered) calls the same as shorting the stock?

    So the same functionality as a short position with the same risk as a csp?
  5. W

    Does it make more sense to sell puts instead or buy shares?

    So I guess the idea would be to go farther out to capture more extrinsic value that is going to bleed off.
  6. W

    Selling itm (covered) calls the same as shorting the stock?

    If you are holding shares, and sell a covered call itm, would it be equivalent to shorting the stock but without the unlimited risk? example ABC trading at $100 Short it and price goes to $105 = $5 loss. Short it and price goes to $95 = $5 gain. Sell a 95 call for $5 and price goes to $105 =...
  7. W

    Another "Price TA" play... (TA haters ain't gonna like this one)

    Yes so there you have it...what you call a false breakout with your voodoo method, of which you have no idea when it will happen, EW has labelled as an ABC correction. Yes I have read Brooks.
  8. W

    Luxury watch makers want government assistance.....absolutely mind boggling

    (2015) Rolex GMT Master II
  9. W

    Does it make more sense to sell puts instead or buy shares?

    My break even is I think around 19 so not selling calls right now...or only calls that I don't think will exp itm....just closed a 16.50 call I sold last week.
  10. W

    Does it make more sense to sell puts instead or buy shares?

    OK had time to check. No my sheet was correct..the price had changed. On SEP6 the 16.50 put would be worth $1.26 with price at 15.24 (16.50-15.24) so you gain (1.61-1.26=.35) where the stock would only gain .24 so .11
  11. W

    Does it make more sense to sell puts instead or buy shares?

    Are you looking to set up another credit fly? :) (Based on my TA)
  12. W

    Does it make more sense to sell puts instead or buy shares?

    Yes but no different than if you held the stock.
  13. W

    Does it make more sense to sell puts instead or buy shares?

    1.33 *1000 = 1330 but the order has 1495
  14. W

    Does it make more sense to sell puts instead or buy shares?

    It's only a loss if you sell. :) Also how would owning shares/stops protect you from a gap down pre-market?
  15. W

    Does it make more sense to sell puts instead or buy shares?

    I must have looked at the wrong price in my sheet or my sheet is glitching...yes that makes sense because only the extrinsic value can bleed off...so the only benefit is the .11..not nothing but is it worth giving away upside potential.
  16. W

    Does it make more sense to sell puts instead or buy shares?

    Good points, however if price doesn't move much, then the put contract (according to my sheet) will be worth only 1.34 on SEP6...whereas the shares will have earned nothing. Price would have to drop below 14.89 @ expiry to give all the premium back. 1.61-1.34=.27 pnl
  17. W

    Does it make more sense to sell puts instead or buy shares?

    It makes more sense because you are getting a bonus of extrinsic value. If you have a profit target then you are better off selling a put at that target. Example: Expected MARA target price by SEP6: 16.50 buy 100 shares @ 15.00 or sell 1 put at 16.50 @ 1.61 Scenarios: If price drops to 14.00...
  18. W

    Is Ross Cameron from Warrior Trading P&L statement is legit?

    Right? If its a small cap it doesn't take much to move price. Are there any real traders other than retail traders? If I bought a bunch of calls and then posted that "things are about to get real" meme on twitter, do you think price would gap up? Then you hear about funds controlling price with...
  19. W

    Market crash? The sky is falling?

    What about the VIX spells calamity anytime soon?....Looks more like a good decade of ranging between 11-31...maybe the odd spike up to 40's and down below 10.
  20. W

    Any sense getting into forex because the end of fiat is on the horizon?

    Sounds like you didn't make money lol.
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