I deleted the post because I realize that I don't know what I'm talking about. But now that you say it is CFD options? That's "I don't know WTF" squared. lol!
My amzn & Google naked put sell is In deep red . How to play it on Monday to recover the loss.
- Thread starter Millionaire_Raj
- Start date
I deleted the post because I realize that I don't know what I'm talking about. But now that you say it is CFD options? That's "I don't know WTF" squared. lol!
CFD options are from unregulated broker. They cannot be exercised by buyer and they will be cash-settled always at expiry.no other difference to normal option.
IMHO, the best way to stop further loss is just to close them out and call it a day.
Then, analyze your trade, ask yourself why short naked put when they are at or near all time high and you cannot afford to own the underlying? To succeed in this business, you need to be honest with yourself.
I am just a retail and usually keep things simple.
L
lovethetrade
It depends how capitalized you are; if you can take some more heat there's a good chance you will see a decent pullback given how bullish this market is long term and can recoup 50% of your losses. Technically, it's not over for you yet but it's a worry because this move south looks to be the start of a decent correction—300 points on the S&P, which is no doubt why you're here asking for help.
...and if you followed the news and economic data, you would've known there was a high probability the manufacturing data was going to be weak. I think I posted a few weeks ago also that this post-Christmas move up will likely see a lot of investors get burned.
...and if you followed the news and economic data, you would've known there was a high probability the manufacturing data was going to be weak. I think I posted a few weeks ago also that this post-Christmas move up will likely see a lot of investors get burned.