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Do you guys look at the volume of the short call when deciding on what short call to select for a covered call? For instance, I'm bullish (for technical and fundamental reasons) on DOV. The Sept 17 expiring 175 strike call has an OI of 74 but only has a volume of 1. Would you avoid this option...

Thanks for the reply MrMuppet. Would you ever trade a covered call on a more volatile growth stock, like NVDA?

How long do you wait before deciding to do a market order?

Hi guys, what kind of stocks do you look for when looking to trade covered calls? I've been reading IBD's Options section and, over the past 2 years, they've recommended covered calls for the following stocks: XOM (Exxon Mobil), MSFT (Microsoft), COIN (Coinbase), BBY (Best Buy) Is there any...

Hi guys, let's say you're selling a bull put spread and the price of the stock gets very close to the strike price of the short put. You want to buy back the bull put spread in order to avoid larger losses. Do you use a limit order (Mid price)? or do you do a market order to get out much more...

Hi guys, I've been paper trading stocks for a while now and I'm curious to find out how to use stock margin properly. Let's say I have a $10,000 account. I would like to trade VRTS, which is at 313.09. I want to risk 1% of my account per trade and use 50% stock margin. I use an online stock...

For those of you who read Investor's Business Daily, what do you think of CANSLIM for trading? I spoke with one trader and he said he lost a lot of money trading using CANSLIM. I have a different perspective though. I'm up 57% for the year by buying growth stocks breaking out of bases on...

Have you ever traded a stock using margin and the price swung 10% against you? if so, did you get a margin call from your broker?

Hi all, I've been paper trading stocks for about 1 year now. I'm curious to see what you guys think of using margin. I trade base breakouts and I use a 7% SL and a 20-25% TP.. What has your experience been trading stocks on margin? Is it too risky to touch?

Thanks for the response Handle. IBD says base breakouts with a gap up is very bullish. This is based on their historical analysis. However, IBD doesn't talk about whether it's bullish/bearish if the stock gaps up out of a base but reverses and closes near the day's low.

Hi all, I'm new to options trading and just read an article by Gavin McMaster from IBD's Options corner. He suggests selling a Aug. 6 expiring bull put spread with a 180-strike put and buying the 175 put. The current stock price of Etsy is 183.51. The short put is not in the money at the...

Hi guys, I'm new to live trading but I've been studying the canslim method of trading stocks for a while. I usually look at Stocks On The Move and see which growth stocks are breaking out of bases on heavy volume. One stock that caught my eye is BY. It has good fundamentals (EPS rating of 97)...

Hi guys, I'm new to options trading and I'm interested in buying long calls for canslim growth stocks. Do you recommend that I use a stop loss when buying calls? Gavin McMaster from Investor's Business Daily's Options Corner has recommended using a 50% stop loss with options but he trades...

Hi all, Let's say you're trading a long butterfly for SPY with calls (long 415 strike /short 437 strike/long 460 strike). The expiration date is August 20. You have $30,000 in your account. You get assigned because the short calls go ITM sometime before expiration. Let's say SPY is at 445...

A potential problem that I see with IBD's ETF strategy is that it doesn't mention anything about position sizing. There's also no stop loss mentioned either. Any idea how much money I should risk per trade?

Hi, I've been studying bull put spreads and I'm curious to find out how much interest I'll be charged for using margin. If I sell a bull put spread and the margin impact is 500, can you please tell me how much interest I will be charged? I found this website but I would like to double check...

Hi guys, I'm thinking of buying a long butterfly spread for JNJ expiring on July 16. Earnings report July 21. The last ex dividend date was May 24 and there hasn't been one announced for the near future yet.. IB says the max return is 272 and the max risk is 728. This gives a return/risk...

Some Reddit threads have said the results for this strategy are bogus. But it sounds good. When there are enough distribution days that signify a top, go into cash to avoid the correction. According to IBD, a bear market is when the SP500 or Nasdaq decline 20% or more. An interim correction...

Hi all, I have downloaded a .csv excel file of stocks that have an EPS Rating of 85 or higher and an RS rating of 85 or higher. I use Investor's Business Daily's data tables to find this info. Is there a scanner that will scan this list of stocks to look for certain chart patterns like the...

Yes it's a great stock. It's got great fundamentals (EPS rating of 97 and a RS rating of 90 according to Investor's Business Daily.). It broke out of a 7 week base on big volume on April 15 of this year.