New to trading options

[Same Lazy Element]

My two weeks of daily hard work (study) has left me with the knowledge of the mechanics of Option Trading (how to do it) and some knowledge of how to do it responsibly.

I hope you mean two years of daily hard work, not two weeks...

Sounds the wheel, triple income strategy. Hangout at www.Reddit.com/r/thetagang

Reddit has everything, doesn't it?

 

[newwurldmn]

I hope you mean two years of daily hard work, not two weeks...


Reddit has everything, doesn't it?

why not two weeks? I learned how to be a fundamental analyst after a 45 minute primer on investopedia.

 

[Same Lazy Element]

why not two weeks? I learned how to be a fundamental analyst after a 45 minute primer on investopedia.

If I recall correctly, you were able to get a job at Goldman Sachs after that?

 

[wiesman02]

I am in on NIO at 42. NIO is trading at 50. I sell an OTM covered call for 52. It blows past and stays past my strike by Wednesday to 54 and keeps climbing. Instead of buying to close, I sell a cash secured put for 50 to make up for the share appreciation loss I am going to miss out on. I did this 4 times last week on 4 different companies and all 4 were winners.

Is there better strategy than this?

Yes, don't buy Nio at $42. LOL. Nio was available and a great deal at $1-2 when the thoughts of bankrupcy were floating around. Now, its just a wallstreetbets pump. Totally not worth its $42 price tag.

 

[newwurldmn]

If I recall correctly, you were able to get a job at Goldman Sachs after that?

they offered me a job as a partner but I rejected it because anyone who works at an investment bank is a terrible trader compared to a retail trader.