Well, I admire you - nice acc't balance, winning trades, sounds like a stress free trading life. I'd be following your style if I had near that much - thanks for posting!
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Well, I admire you - nice acc't balance, winning trades, sounds like a stress free trading life. I'd be following your style if I had near that much - thanks for posting!
Again let me describe why I did that trade. I had already sold 5 PUt a couple of days ago at 0.5 and today I added 4 more at 0.1. I believe INTC is a sound company and I don't mind buying the shares at 25 so I did that trade. They best way was just to buy the shares today and sell it with 10 cents profit in 10 minutes. But it is possible that you buy it at 27.10 and it goes down to 26.70 and stays there for a while. My trades are a kind of stress free trades or a kind of "Set it and forget it till the expiry date" kind of trades.Of course you should always watch your positions and you should never forget about your positions. My profit in my recent trades will be:
9/250 x 100 =3.6% in less than 3 weeks.
$9 is the money that I got for each contract
$250 is the margin required for each contract.
Again let me describe why I did that trade. I had already sold 5 PUt a couple of days ago at 0.5 and today I added 4 more at 0.1. I believe INTC is a sound company and I don't mind buying the shares at 25 so I did that trade. They best way was just to buy the shares today and sell it with 10 cents profit in 10 minutes. But it is possible that you buy it at 27.10 and it goes down to 26.70 and stays there for a while. My trades are a kind of stress free trades or a kind of "Set it and forget it till the expiry date" kind of trades.Of course you should always watch your positions and you should never forget about your positions. My profit in my recent trades will be:
9/250 x 100 =3.6% in less than 3 weeks.
$9 is the money that I got for each contract
$250 is the margin required for each contract.
Ugh. Max *theoretical* loss ~ $10,000. Quite the risk/reward ya got there!
You guys really ought to think about BUYing ops more... About a week ago I bought an INTC APR06 25 Call for 1.95.
Max PROFIT = *unlimited*. Max loss = $196. Probability of profit by Apr exp is by my, uhem, proprietary metrics > 70%.
Already up $104!
Good luck to all!
C
Ugh. Max *theoretical* loss ~ $10,000. Quite the risk/reward ya got there!
That is true is theory and I agree with you.
You guys really ought to think about BUYing ops more... About a week ago I bought an INTC APR06 25 Call for 1.95.
Max PROFIT = *unlimited*. Max loss = $196. Probability of profit by Apr exp is by my, uhem, proprietary metrics > 70%.
Already up $104!
Good luck to all!
C
That was a great trade. Good luck to you. I don't agrue with your excellent trade. Your profit is unlimited in theory but definitely limited in real life. If suddenly INTC goes to $1 per share, you will lose all your investment and I will lose only $25 per share!!!
That is true is theory and I agree with you.
You guys really ought to think about BUYing ops more... About a week ago I bought an INTC APR06 25 Call for 1.95.
Max PROFIT = *unlimited*. Max loss = $196. Probability of profit by Apr exp is by my, uhem, proprietary metrics > 70%.
Already up $104!
Good luck to all!
C
That was a great trade. Good luck to you. I don't agrue with your excellent trade. Your profit is unlimited in theory but definitely limited in real life. If suddenly INTC goes to $1 per share, you will lose all your investment and I will lose only $25 per share!!!
LOLQuote from hajimow:
Ugh. Max *theoretical* loss ~ $10,000. Quite the risk/reward ya got there!
That is true is theory and I agree with you.
You guys really ought to think about BUYing ops more... About a week ago I bought an INTC APR06 25 Call for 1.95.
Max PROFIT = *unlimited*. Max loss = $196. Probability of profit by Apr exp is by my, uhem, proprietary metrics > 70%.
Already up $104!
Good luck to all!
C
That was a great trade. Good luck to you. I don't agrue with your excellent trade. Your profit is unlimited in theory but definitely limited in real life. If suddenly INTC goes to $1 per share, you will lose all your investment and I will lose only $25 per share!!!
Yer right there!
Good luck in your trade!
C
If you think it's not wise to buy calls now, probably it's not wise to sell puts either.
That was just my guess. I don't know. I asked you guys comment on that. What you said may not be true. Rally might stop and we might see like 3% correction but we might not be in a bear market. I agree that you should not sell close to the money PUTs unless you are in favor of that stock and you want to have it.
That was just my guess. I don't know. I asked you guys comment on that. What you said may not be true. Rally might stop and we might see like 3% correction but we might not be in a bear market. I agree that you should not sell close to the money PUTs unless you are in favor of that stock and you want to have it.
Hi,
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.
The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.
The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
Hi,
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.
The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
Damn it feels good to be a trader.
Congratulations for that excellent trade.
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.
The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
Damn it feels good to be a trader.
Congratulations for that excellent trade.
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