Its a no brainer when the market moves. Been buying PUTs for the past month, making bank like never before. When it turns around, this market will be at a discount and buying CALLs will be fantastic.
As a fellow pede, let me help you here. Make yourself a nice cup of coffee, get a pen, and small notepad to take notes.
then go back to your brokerage account and its options section, and you will not find it overwhelming... in fact, you will see nothing but opportunities.
If you have a put option too sell 100 shares of XYZ at 100, and XYZ is trading at 80, you can go buy the shares on the market for 80 and immediately sell them for 100. I think some brokerages will do this automatically, or just settle the trade for cash, but it doesn't matter because you can just sell the option itself and someone else will handle it.
The problem is that the people who sell options, know this and are charging massive premiums for options right now. you're better off just buying 3x long S&P etf's.
Buying call options.
Its a no brainer when the market moves. Been buying PUTs for the past month, making bank like never before. When it turns around, this market will be at a discount and buying CALLs will be fantastic.
As a fellow pede, let me help you here. Make yourself a nice cup of coffee, get a pen, and small notepad to take notes.
Spend 1 Hr watching this easy video: https://www.youtube.com/watch?v=3bELT5FZCic
then go back to your brokerage account and its options section, and you will not find it overwhelming... in fact, you will see nothing but opportunities.
Bookmarked! Thanks, ‘pede, I’ve been needing a good primer.
I'll trade a 1986 Chevy Celebrity with 80,000 miles, for stock options /s not /s
If you have a put option too sell 100 shares of XYZ at 100, and XYZ is trading at 80, you can go buy the shares on the market for 80 and immediately sell them for 100. I think some brokerages will do this automatically, or just settle the trade for cash, but it doesn't matter because you can just sell the option itself and someone else will handle it.
The problem is that the people who sell options, know this and are charging massive premiums for options right now. you're better off just buying 3x long S&P etf's.
The Volatility Index right now is insane. That's why I have been going on big swings only, otherwise the movements are bit crazy
This. I’ve bought as many as I could which is not as many as I wish I could...