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Re: Camcorp1 post# 4730

Sunday, 03/09/2014 2:58:24 PM

Sunday, March 09, 2014 2:58:24 PM

Post# of 57062
To answer one of your questions. Firstly, I am not an overly experienced option trader but I did a lot of research and I learned quickly where the largest gains are to be had. So yes...I only play weeklies... To name just a few tickers...AMZN, TSLA and AAPL will almost guarantee you a 200% to 500% move up or down every Friday with AMZN being the most consistent performer of the 3 (Volitility is key). And yes..Straddles and Strangles are a part of the puzzle but you have to move very fast after general direction is determined. Remember that Friday is when the option expires so it is a high risk but it is also a very high reward. For example because I know that the non-farm report was due out this past Friday and fears over Ukraine I did not think that too many risk would be there going into the the weekend for longs on the general market so I planned for TSLA days in advance. To put it mildly I went big on TSLA and saw 300% return from 9:35AM to 10:55AM. I could have prob done 500% if I waited 2 minutes more but you got to follow your gut as there are traders on both sides. Basically, I no longer trade pennies unless there is a story like PLUG.

Forgot to mention that I played the March 7th 250 PUTS. Very quick green...eye popping...
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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