They would be nice if I knew how to do them consistently. Glad I sold 1/2 at .55 yesterday! I rebought at .35 today. If they go down, I'll buy more... at least I have another month for the Nas to rally up some. The thing with 34s and 35s is that within the next month, QQQ may actually go over 34 or 35 at some point... then what do I do? Never actually exercised a call, not even sure how I'd go about it.
As far as my DELL puts, I picked up some more at .15 today. DELL's daily looks like it's ready when ever the nas gives it up to fall hard with it.
I had no signal to enter the trades, I just looked at what was going with QQQ and figured my day trading days are over for a while, so I might as well play with options and see if I can do better with them.
I just wish I didn't have to dump my VZ OCT 45s! I had a sell order for .55 sitting and they went, on the way up to .80.. when it fell back to .45, I should have rebought! They're up to 1.10 today I think.
As for commissions... that's why I'm playing. I pay $1 per contract... so I don't mind picking up a contract here and there. Goes up .05, I make $3 after commish... and $5 up each tick. With my old broker, options were 29.95 for the first contract then 2 per each after that. Never even considered playing options at that price!
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