Option trades
Comments
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You need it to go up 10% in next 6 weeks for trade to work which means a 5% gain +/- for overall market.
Do you have a sell point if it hits it that you are out?
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I'm too much of a pussy to trade options but I really enjoy following /r/wallstreetbets, there is nothing funnier than people gambling away their entire life savings in a day.
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Yo give me some crypto sonic, be a steward for the community.
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With respect, what is the basis for choosing that trade? Were you throwing darts or are you projecting a fundamental movement in an overall or sub-market? why?sonics1993 said:Recently got into options and wanted a place to track how I would do for December and thought what better place than Baseman's Billionaire Boys Club on Hardcore Husky. My first call filled on Friday, picked up AMD calls for $100 at $2.20 each that expires 1/15/21. Let's see if my crypto trading can translate to equities.
systemic based thinking >>>> results based thinking
TIA
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Closed half today at 100% gain. Leaving the other half open because my target is $100 for the stock.
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Reason why I picked up AMD was because it was a tech stock and the chart looked primed for a breakout which it did today.pawz said:
With respect, what is the basis for choosing that trade? Were you throwing darts or are you projecting a fundamental movement in an overall or sub-market? why?sonics1993 said:Recently got into options and wanted a place to track how I would do for December and thought what better place than Baseman's Billionaire Boys Club on Hardcore Husky. My first call filled on Friday, picked up AMD calls for $100 at $2.20 each that expires 1/15/21. Let's see if my crypto trading can translate to equities.
systemic based thinking >>>> results based thinking
TIA -
I know there's more potential in options trading, I just don't have the stomach for it. That's why I generally position trade. I try to buy and hold for at least a year, so I can claim capital gains.
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I closed 25% AMD for 150% gain and the other 25% for 70% gain. Next option is Apple for $130 at 2.90 for Jan 15 exp
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Follow DKNG Draftkings options. Huge option premiums and swing trade potential as well as a long term core hold.
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Closed Apple at 3.8 for a 50% gain. Market looks like it’s going to go sideways so sitting out the rest of the year. Just going to watch bitcoin go up.
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They are on my watchlist but not ready to pull the trigger.ReignMan said:Follow DKNG Draftkings options. Huge option premiums and swing trade potential as well as a long term core hold.
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Smart move. It's tuff to pull the trigger and take a profit when your position hits a gain like this relatively quickly - easy to look at the numbers "if it just keeps going"sonics1993 said:Closed half today at 100% gain. Leaving the other half open because my target is $100 for the stock.
That call is worth $1.44 right now. A lot can happen between now and 1/15 but you gotta feel great taking some profits when you did. If you hold to the bitter end you have a 19.79% chance of this closing in the money and 42.8% chance that it touches 100 between now and 1/15. I like that 42.8% chance especially considering you took some profits already. Hope it's house money for you since you sold some off.
