OPTIONS TRADERS CO-OP

[dotnet]

think about options as penny stocks. they can go to zero any time. options lose value even when the stock is at same price. weeklies are even riskier. so, you have to take gains and keep rolling. that way you are playing with house money. for example you have 10$ strike and you put 250$ risk. you have gains. take gains and buy another strike with same amount 250$. you just keep rolling the strikes with the same original risk amount.

learned this after blowing up lot of accounts.