beginners help

K

kalubalu

Hello all,

I just want to figure out what strike price is the right to enter at, and should I gauge the volume of some options to see what other people are buying so I can use that to figure out where I need to enter.

Also, how does one go about picking which is the right stocks are to trade their underlying options. Thank you and sorry for being the noob.
 
Quote from kalubalu:

Hello all,

I just want to figure out what strike price is the right to enter at, and should I gauge the volume of some options to see what other people are buying so I can use that to figure out where I need to enter.

Also, how does one go about picking which is the right stocks are to trade their underlying options. Thank you and sorry for being the noob.
More...


>>>> I just want to figure out what strike price is the right to enter at<<<<

$45-90 for dinner will give you entry 90% of the time.

>>>>should I gauge the volume of some options to see what other people are buying so I can use that to figure out where I need to enter.<<<<

No. Most others are going for fatties with thunderous bottoms. Avoid.

There are only 2 entry locations. Pick the one that looks like a Volkswagon hood.
 
I see three entry locations...did you forget the pie-hole?
Spend the 45-90 on booze for yourself and go for the fatties.


Quote from deadbroke:

>>>> I just want to figure out what strike price is the right to enter at<<<<

$45-90 for dinner will give you entry 90% of the time.

>>>>should I gauge the volume of some options to see what other people are buying so I can use that to figure out where I need to enter.<<<<

No. Most others are going for fatties with thunderous bottoms. Avoid.

There are only 2 entry locations. Pick the one that looks like a Volkswagon hood.
More...
 
Quote from kalubalu:

Hello all,

I just want to figure out what strike price is the right to enter at, and should I gauge the volume of some options to see what other people are buying so I can use that to figure out where I need to enter.

Also, how does one go about picking which is the right stocks are to trade their underlying options. Thank you and sorry for being the noob.
More...


I would buy 1 strike OTM options on popular stocks. Keep a list of about 50 stocks, and trim that down to about 10 stocks for a watch list.

QQQ
DIA
GOOG
NFLX
RIMM
SLV
GLD

I recommend QQQ options to start with because they are cheap, the bid/ask spread is a few pennies or so, and they can pack a lot of punch when the QQQ moves.
 
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