Short Term Pinch (STP)

[malamutus]

Hi Sam, thanks.

Yes, I have traded options for a bit and know the basics, however have never been very successful. I believe i got very lucky with 1 a year ago and made quite a bit; pretty much all others i have lost; pretty sure I am negative over all now. lol.

Question. The AMD options I had expired on Friday just past. I believe I bought them for .03 avg and by the end of Friday they were at no bid so I just let them expire. Would you have rolled these out to a later date or do you just let these type of ones expire (no bid)?

Hoping to contribute here and learn, but unfortunately my day job gets in the way of daily monitoring. I am able to place the odd trades while working if I get the chance, but it is hard to multitask a lot of times.

I did try trading a few options from the stp chart setups; some worked out well; others no so much. For some reason had better luck with Calls than puts, but I think that was more coincidence. I have more to learn it seems :)

Looks like you are getting the scans nailed down :)

Take care.