is there a way to filter down the best strike prices of an option for that month? or even, best months to trade strike prices for the year? i can imagine IV has a lot to do with it, but not with the individual STRIKE prices!
i see so many strike prices on an options chain and wonder to myself, what the h*ll to do lol. i mean really, do we know what price we want to buy or guess at? i think not, but, it sure seems like the market does. i suppose buying at 3 different prices hedges one's risk in the underlying, but...
support on an option? i never knew you can read charts on them. or s&r even mattered. i thought it was all intrinstic/extrinsic value, deltas, underlying, etc that influenced the price movement.
But usually I gather buying a certain strike price is better than another with days or weeks until expiration. The crowd knows something when it comes to picking strike prices.
Just a question. Not looking to options trade full time or anything but am "feeling the waters".
Re: puts no brainers. I meant to add calls as well because usually they expire worthless so I would imagine shorting would be an optimal strategy.
I never knew how options traders buy their strikes based on what merit. What price?
How do you know it's the right price to buy at for your strategy?
Puts are another thing and shorting, well, naked is just a no brainer.
But buying calls, buying puts? Old school style. How do you know what to buy?
I object to that.
I only came here to find reason behind long term edge and what forex really means to people. To me, it is a market that isn't worth s*it because spot in the US is almost untradeable. 50:1 leverage, really? Take that min account balance elsewhere and trade in cash. It's rigged...
what is it?
i mean, i know what it is, but, how do you trade it?
EUR/USD for example. do you just look at it, set some targets and trade near support and resistance?
What do you look for?
Consider this a beginners thread and question.
Thanks!
Usually I trade based on feel as well as S&R. I always look out for high probability patterns. But, the problem is emotional. I get too into my trading and "god complex" when i win, or then overleverage, make a ton of money, and then give it all back because I feel it was "unearned".
Right now...