Option trading for a newbie
- Thread starter Ben74
- Start date
Ben,
Very good job. I have to admit you have a great eye for this.
Very good job. I have to admit you have a great eye for this.
Ben,
Do you mind explaining a little more on how you find your stocks? Such as are you using any sort of stock filter to find stocks with approaching earnings? I notice most of your stocks have a fairly high price tag, such as auto zone was in the $140's. Do you do this by design? You appear to play both directions, sometimes buying the calls other times buying the puts. What goes into your thinking process when deciding which direction you believe it will go?
I understand a lot of this info you probably want to keep to yourself, but anything your willing to share would be appreciated.
Good luck
Do you mind explaining a little more on how you find your stocks? Such as are you using any sort of stock filter to find stocks with approaching earnings? I notice most of your stocks have a fairly high price tag, such as auto zone was in the $140's. Do you do this by design? You appear to play both directions, sometimes buying the calls other times buying the puts. What goes into your thinking process when deciding which direction you believe it will go?
I understand a lot of this info you probably want to keep to yourself, but anything your willing to share would be appreciated.
Good luck
Looks like you will get another winner
how pathetic. only a 40% gain after one day.
Here's my question to you, Ben. I observe the following:
1. You're a retail trader.
2. All your option plays are purely on the delta. I don't see you mentioning dynamic hedging, skew or anything of the sort.
3. You're diligent with your stops and can tolerate loss, which means that you're not interested in smoothing your payoffs.
Given the above, why is it that you use options, instead of saving yourself some bid/offer and trading the underlying?
1. You're a retail trader.
2. All your option plays are purely on the delta. I don't see you mentioning dynamic hedging, skew or anything of the sort.
3. You're diligent with your stops and can tolerate loss, which means that you're not interested in smoothing your payoffs.
Given the above, why is it that you use options, instead of saving yourself some bid/offer and trading the underlying?