EpiphanyTrading
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Futures are for people who can spell!!! j/k couldn't resist
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Stocks are Easy
- Thread starter stocktrader3429
- Start date
Futures are for people who can spell!!! j/k couldn't resist
Here is an option trade I just put on 5 mins ago, we'll see how it does. I bought 10 AAPL $95 puts for July, paid $6.28 on 5 and $6.30 for 5.
I have defined my max risk to premuim paid ($6,290) and have equivalent control of 1,000 shares. Only way I lose all the money is to hold this until expiration, ( I am not an investor and that isn't in the cards). If we go and retest the recent lows under $85, i will essentially sell these around $12 depending on time thus doubling my investment.
If the market trades up to new highs at $105, the option, once again depending on time, will be worth approx $2.50-$3.00 representing a loss of roughly $3.50 if I close it out at that point. Had I shorted the shares instead, I would be out $10.
I will chime in again when I close this position out.
I have defined my max risk to premuim paid ($6,290) and have equivalent control of 1,000 shares. Only way I lose all the money is to hold this until expiration, ( I am not an investor and that isn't in the cards). If we go and retest the recent lows under $85, i will essentially sell these around $12 depending on time thus doubling my investment.
If the market trades up to new highs at $105, the option, once again depending on time, will be worth approx $2.50-$3.00 representing a loss of roughly $3.50 if I close it out at that point. Had I shorted the shares instead, I would be out $10.
I will chime in again when I close this position out.
usually 2 weeks or less. sometimes only a couple of days. I believe some of my success is because I don't necessarily hold for pre-determined targets. If the market gets there, fine. But I am not afraid to just close out if it isn't moving in my direction in a short time frame.
The longest dated options I have on now is some Dec 139 puts on SPY. Paid $3.80 for 15 and $5.20 for 15. I do plan on holding those for awhile as I am inclined to think we trade lower over the next several months.
The longest dated options I have on now is some Dec 139 puts on SPY. Paid $3.80 for 15 and $5.20 for 15. I do plan on holding those for awhile as I am inclined to think we trade lower over the next several months.
EpiphanyTrading
ET Sponsor
If stocks are easy, I would love to know the recipe.