The Golden Lounge

[robbcarpdm]

Buckey congrats on entering the options world.

One thing you need to learn quickly from some of us who have learned the hard way.

Always wait at least one day from a large move in stock price before entering an option.

You have historical and implied volitily components and the you pay on the premium on all options both Calls and Puts regardless of which way the move is.

You will find that you can pick up the option for the same preimum or less the day after the move plus you may get a better move in stock price to get something better than you did today.

Monitoring all the options at close today and watch them tommorrow....its like MAGIC