THE NEXT LOTTO and UNDER THE RADAR PICKS

[littlejohn]

Brokers want people to gamble on Options

and not pinkies...

Spent a lot on losses last year

learning how to navigate options...

Options are bets and need to be

short traded on wins and to cut

losses before they grow...


Establishment guidance teaches betting

on an option further out in time...


Betting on the shortest time frame

lowers the entry cost and potential

loss on a bad bet...


Betting on cheaper options out of the

money is cheaper, but they don't move

as much as ITM or in the money options...


To play a weekly or monthly at end

of month, entering on Tuesday and

taking profits by Thursday generally

offers good returns on Correct Bets...



Here is an example for next week due

to timing and pricing set up...


SCO is a reverse ETF that moves

opposite of the oil price movement...


SCO shares can be traded without

trading any options...


https://finance.yahoo.com/quote/SCO/options?p=SCO


Need to monitor oil price when trying

to decide on an entry or exit...

https://www.barchart.com/futures/energies


Best scenario for entry on Tuesday, is

with oil price opening flat or up...

And making an entry if oil price starts

to weaken any...

SCO option for 01/21/2022 expires

at market close on Friday...


Calendar favors the oil price to turn

down during the week with the February

due to expire around end of week...


Just as SCO monthly option reaches it's

cheapest pricing due to normal decay...


'Decay' is a loss of premium due to

time clicking down on a daily basis...


A small bet on $13 option is starting

point for learning the ropes...


ITM entry on $10 Call Option favors

best odds for positive movement...

Option contracts must be sold to

make or lose money...


Options are traded in 1 or more units...

1 option equals 100 shares...

10 options is x 100 or 1,000 shares...


You must by the share amount of

option bot if it expires in the money

at close on option expiration day...


10/21/2022 options expire Friday

when market closes...


SCO option could be entered sometime

on Tuesday when oil price starts

to fall or Wednesday...


And exits whenever profits are at

levels wanted or By Thursday afternoon...


Buying options with Cleared funds allows

selling options right after buying them

if profits magically appear...


Entries and exits can be made often

by people who like to trade...


Options trade on T -1 day and settle

the next day after selling...

A day quicker than equity trades...

If entries were with Cleared funds...


SDOW is reverse etf against Dow...

SPXU and SPXS are reverse etfs

against S and P 500 index...SPX


SQQQ is reverse etf against Nasdaq

100 index or NDX symbol...

All of the above reverse etfs are

leveraged at 3 times against movement...


Bet only what you can afford to lose...

Options are Bets and losses should

be minimized quickly on bad bets...


Hey, you can reenter and Bet again...


Option Bets aren't like betting

against pinky CEO dilutors...

Option Bets are against the Big

House Money...


Option Bets do offer potential

for Lotto payoffs if you get lucky...


So we watch...LJ