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Looks like someone wants out at .002 there seems to be a little resistance there. 1x2
still holding 1x1, could use some bid support for sure, seems pretty thin in both sides.
now 1x1
now 1x2 nite X etmm,doms
.0019x.002 1x3
So far im up 110% on the challenge, but looking for another 3390% before I meet my goal. lol
Yup, so far i have made 11 trades on my pcp challenge and have trade sti 5 times out of the 11. Like you said if it ain't broke why fix it.
Okay out of the feb 24 sti calls at 1.59 50% gain
Oops i forgot to mention i bought 6 sti feb 24 calls on the dip this am. I have noticed in my own pcp i have played sti more than anything else.
Just sold my kr feb 22.5 call for a 50%, not to bad at all.
I actually have the option calculator saved on my favorites and use it everyday. This does indeed give you and ideal, for pricing you option contract.
Man o man, I don't like low beta stocks, KR is a complete waste of time. This thing only moves like .08-.15 a day if that. Well I guess the old saying is, you learn from your mistakes.
Wow intc on the move
I vote 3, that's just my opinion. Bc it's still early in the pcp challenge.
You hit the nail on the head. Nice job with sti. Thanks for the chart.
Gm everyone
Yeap just watching to see how it plays out
Snagged a few feb (kr) Kroger calls 22.5. The daily look pretty good. Looks like it will start to fill it's gap soon.
OH NO, I hope the Pcp is not put on hold. Im really excited about the PCP and the knowledge brought with it. Well I hope the new venture into the trading system goes well for you. Please keep us, up to date as to what direction your heading in.
out of bby 40 calls, and in sti 24 feb calls at .90
Yes they do, I just hope they sustain until 9:30.
In BBY feb 40 calls, at 1.54. Looking for a reversal past 40.00
Man I really want to buy some puts on aks
Out of sti feb 22 call @ 1.76 for a 85% gain
yeah im going to take some off the table today for sure.
Sounds good.
Im in love with sti. The only problem is considering i dont have 25k in my acct. I can't continue to day-trade with out letting my funds settle. I hate the 3day rule. So i'm going to weight out the odds take my 400 dollar profit and wait 90days before i can trade again. Or hope this move stick so i can get out tomorrow, with out a restriction.
Just found out today that i can write calls. I had no ideal after having this acct for 2yrs. lol
nice going on those jan call you go yesterday. i jumped in today on the feb, and Im about to lock in some profits as we speak
Oh don't worry i want to master this by the EOY.
ok kool, those videos helped last night.
so basically what you did was write or short that call out right?
Back in Sti Feb 22 calls at .95
Thanks, I really want to learn this stuff and get familiar with all the terms. I will continue to watch the videos and eventually start asking questions pertaining to different set up.
Ok just finished watching 2.) Option Trading: The Basics of Buying Options (59 minutes)from the ibox. Wow there was a lot of good info there. I worked up an appetite, now it's time to go to steak and shake. I will continue on #3 when I return.
ok
Sounds good Im going to check it out. I just realized something considering that time decay is a big factor with option premium. Someone who wanted to be really conservative can just short or in option terms sell a call like really far out of the money and lock in that premium when it decays. I think im on to something.
For Example xyz is trading at 20.00. Now I want to sell the 30.00 strike calls trading at .50. I sell 10 so that's $500 and there is 25 days left before expiration. Now the day before expiration xyz Decays to .10 and I have 10 calls short. Can I cover those 10 calls for $100 buck giving me a $400 gain. and keeping the $500 premium. for a gain of $900.00. Basically similar to cover a short on stocks.
I hope I somewhat make sense. I kindof have an ideal in my head but it harder to explain. lol
No I didn't is this it here. If so I will stop watching man vs wild and check it out.
4.) Option Trading: The Basics of Short Spreads (69 minutes)
I'm going to go to the library tomorrow after the market closes, to see if i can pick up an option book. I only know the basic about calls and puts. Now when you starting talking about selling options im clueless. Does that mean like shorting a call or something?
Yeah i called mbtrading today and they told me the only have offer level 1 platform. I remember you saying a lot of good things about think or swim like how powerful there platform is for option trader. Once i get my account up i will change over to them. I think the minimum is 3500. So Im working on it slowly but surely.