You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trading in Luxury
- Thread starter traderlux
- Start date
repost with corrections.....
when trading weekly options and buying calls, puts, straddles or strangles,
stock price needs to move thru an option strike price,
the option going from OTM or ATM to ITM, should increase in value,
latter in the week, options cheaper, option price move can be greater, if stock moves,
if you have directional bias, buy calls or puts,
no bias and stock is at a strike price, buy straddle at that strike,
(can also buy a strangle when stock is at a strike)
no bias and stock is between strikes, buy strangle at those strikes,
the idea with a strangle or straddle is that the gain on one option covers loss on other,
realize you can lose the entire amount of the trade,
you either have to watch market to take exits, or set contingent orders
#135 Sep 2, 2014
when trading weekly options and buying calls, puts, straddles or strangles,
stock price needs to move thru an option strike price,
the option going from OTM or ATM to ITM, should increase in value,
latter in the week, options cheaper, option price move can be greater, if stock moves,
if you have directional bias, buy calls or puts,
no bias and stock is at a strike price, buy straddle at that strike,
(can also buy a strangle when stock is at a strike)
no bias and stock is between strikes, buy strangle at those strikes,
the idea with a strangle or straddle is that the gain on one option covers loss on other,
realize you can lose the entire amount of the trade,
you either have to watch market to take exits, or set contingent orders
#135 Sep 2, 2014
http://www.manjw.com/elite-performers-mindset/#more-1027
The Buddha said, “With your thoughts you create your world, the wise person controls their thoughts.” So be careful what you think. Where your thinking goes, your energy flows. Make sure your thinking supports the outcomes you desire. Make this a daily practice and activate the wise person within you.
What’s Playing At Your Cinema?
refer to past successes, no matter how small they may be. Go on, be the star and load a great movie!
The Buddha said, “With your thoughts you create your world, the wise person controls their thoughts.” So be careful what you think. Where your thinking goes, your energy flows. Make sure your thinking supports the outcomes you desire. Make this a daily practice and activate the wise person within you.
What’s Playing At Your Cinema?
refer to past successes, no matter how small they may be. Go on, be the star and load a great movie!
a hedge idea I got from another trader that I want to take a look at,
sell 10 SPY shorts puts, take a little bit of that credit
and buy a longer out long put
maybe 1 or 2 long puts from that credit
when you get a down turn it will give you the time to adjust and make a little profit
sell 10 SPY shorts puts, take a little bit of that credit
and buy a longer out long put
maybe 1 or 2 long puts from that credit
when you get a down turn it will give you the time to adjust and make a little profit