ABXX
Everyone is entitled to their opinions and many do follow JB's and UPB's and Mikey's (as well as others) opinions but remember, this is an options board and all of them will tell you to play small in these things. I would say that the avg board member will not apply more than $150 - $500 on any of these plays. When playing Lotto's the avg play is $100 - $250. If they lose that much they would hardly be bagholders and once again that term is used for people who get stuck holding worthless stock that others have pawned off on them. This is options, with an expiration and all who play know that there is a time limit to their trades. They also aren't taking anyone elses inflated stock. They are making a bet that the stock will move in a certain direction a minimum amount within a specified time period. The options plays by board members here are not moving the stock. It is just a directional play.
Many here (including myself, jb, upb and mikey) all think that is market is overinflated. But the bottom line is we are all here to make money. And if the market is telling you that it will continue to rise, then that is the way we are going to play it until it tells us otherwise. I think we are long overdue for a correction down to 1325 and probably to 1250-1275 but if I played that way everyday, I'd be bankrupt. So for now, until I see the signals I look for, I will play with a bias to the upside but I will play every individual stock separately (like my Puts on NFLX).
Good luck to you but we don't really care for bashing here.
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