I'm still waiting for you to name one.
Do you guys ever get tired of me being right?
- Thread starter wxytrader
- Start date
I'm still waiting for you to name one.
Well if you're going to be your usual difficult self I'll give you this one - Inverse Wxytrader lol
Sorry son, I've researched studied and tested a lot over a lot of Years. To spoon feed you after I taught you two tips previously, wouldn't be teaching you a good work ethic.
Oops, 3 better strategies I've taught you on here!
Spoon feed me?? LOL. I'm the one who made this projection from three months ago. Where's your projections?
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Be careful what you wish for.
Dude. You're still blowing yourself over a move well inside its trailing RV? What, it dropped 15K?
I actually find tea-leaves works even better. Oracles have been using it for thousands of years, can't be too bad, can it?
Your target was within 1sigma on vol. It's like taking credit for AAPL trading to 233.5 tomorrow. I find it comical that you actually authored a thread over this non call.
Now you got me at my desktop geez...trying to enjoy the 104 degree weather.
What option?
Ok I would sell calls against my position, so Jul 26 30 calls are @.86 so that could generate 800*.86= $688 in premium every month if we stay range bound, plus I would pnl $3200 on the position if I got called away.
So lets add this up.
4k in premium to date
8k future premium
Current position: 800 @ 26ish
26* 800 = 20,800 - 12,000=8800
8000/800=$10
So even if we are at $7 next year, I am only down $2-3k...literally the same as I am now lol. This isn't including the 16k profit I made in June.
Just like I expected. I have been waiting for calls to get an IV pop. I just sold JUL26 38 calls for .85...collected $689 US, which is at a monthly pace of $1854. My break even is 28.12 (not incl 5k collected in premium) so if I get called away I will collect another $7900k in profits.
Let's tally this up:
5k in premium
7,900 in pnl
= 13k total profits!
At multiple times my position was down -3k where most of you would have been stopped out.
AND this isn't even including the 16k I made in jun on a single trade!
THIS again, is why I never use stop losses.
