Option trading for a newbie

Quote from codetroll:

Just curious, but what do you consider a "big gain"? $820 in my book isn't bad, but then again my cost of living is very low.

On average it looks like your just investing around $2-3k, is that about right? Ever thought of scaling into positions and building a bigger base, or is that not compatible with your strategy?


Good job, keep it up!

-troll
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Well, I have seen more of my gains in the $1,500-$2,500 range. So now a days I am considering anything under $1000 to be a small gain.

Ben
 
Anyone smell that money in the air? I think its coming from PVH. I just sold out at $4.40 and gains are nice at $2,620. This is the kind of gain I was talking about when compared to the $800 I made on the other trade. That $800 was a nice small gain compared to this one. Which earning trades are up next?

Ben
 
I'll took the past 30 minutes to look back at my account and nicely done is all I can say. With that PVH win, my gains are now at $39,607.25, and my account is actually above $51,000 already.


Ben
 
Hi Ben,

Is your strategy basically to buy call options for which expire in the current month for companies that are about to report earnings?

I mean, is there anyhting else to it? Do you look at fundamentals at all?


Oh, and FWIW, I bought 6 AAPL April $95 Puts for $1.53
 
Quote from mray:

Hi Ben,

Is your strategy basically to buy call options for which expire in the current month for companies that are about to report earnings?

I mean, is there anyhting else to it? Do you look at fundamentals at all?


Oh, and FWIW, I bought 6 AAPL April $95 Puts for $1.53
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Good luck, I probably would trade against the trend right now and you might get a better price on AAPL puts if you wait till AAPL hits $110 too.
 
Quote from Ben74:

Good luck, I probably would trade against the trend right now and you might get a better price on AAPL puts if you wait till AAPL hits $110 too.
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Hey Ben,

Thanks. I was actually looking to get in this trade on Monday but got tied up doing other things with my gf. Luckily for me as I would be down 50% of my position right now had I got in Monday.
 
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