CYCLE TRADING SELLING PUTS AND CALLS

[JLS]

CREE

[JLS]

CREE

Great day to buy Puts!!!

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SEE VRX BOARD

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133007499

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VRX DAY CCI 10

[JLS]

Covered Calls on VRX,

Note to option newbies: never sell uncovered Calls!

CCs on VRX have been working great for the last three months. One of the reasons for that is that VRX has been trading rather predictably and is stair-stepping higher (which never hurts). Your shares get assigned at a price higher than purchase price? Who cares? You just made a profit after the assignment of your shares, and on the options you sold. Just repurchase the shares on a small dip and wash, rinse, and repeat.

Another reason it is working great is that VRX has a new CEO who has been restructuring the company to reduce debt and get better terms on debt. That is the fundamental force behind the rising shares.

Another reason it works great is that the option's IV is rather high, currently at 74. That's high compared to most stocks, and the stock is simultaneously moving higher, because the informed investors like the results of the restructuring efforts.

Do you trade TNA/TZA because they are 3X R2K and you like the 3X volatility?

Sorry, but I think that's not going to make the cut. TNA's current options IV is only 33. That's less than half of VRX's IV of 74. So, if you do your options trades in the best way you can, you'll double your income over what you're getting with TNA.

The dotted yellow lines are the resistance levels going forward. The solid Sup/Res lines are now support. I don't see much resistance between here and 22 that is nearby history.

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ok

[JLS]

Suggest title (mission) change.

Can't favor talking about selling without including issues about buying or assignment because it takes all those events inclusively between both ends of the trade to make a profit (loss).

And if you do that then you have to leave it open to all sorts of combination trades. It soon gets bewilderingly complex.

I suggest that assignment, and how to avoid assignment (by closing) or whether or not to avoid assignment are the issues worth talking about. It at least limits discussion.

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Hopefully we will get actual data about E-TRADE.

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I think traders want to know how to sell puts and sell calls

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THID BOARD EXPLAINS SELLING PUTS AND SELLING CALLS