Playing Nostradamus is a bitch ! - Best Technical Analysis site.
Period. Thank you for what you do. i'm slowly
learning that when Steve says "The Onus Is Clearly On The Bulls" a
few weeks in a row that means get the hell outa dodge! :) My
plan is to sell tomorrow's bounce by doubling down on my Jan AAPL
and MSFT Puts which are holding up the Dow and SnP. It's
pretty surprising that short term call premium is relatively high
and short term put premium is low. It's not a question of IF,
it's a question of When and dammit i'm always too early.... I can't
see this continue to be propped up through the end of this year but
neither can most and that has me worried. I've lost a lot of
money (~400k) over the past decade and in the beginning it was just
expensive learning but the options game is truly insane and I feel
like it's the only way I can make it back. I shoulda just put
my money at work on the SPY system and i'd be a happy camper.
Posted by stevieb294 on 11th of Oct 2019 at 09:37 am
In options trading, I personally prefer credit spreads over
naked positions. Spreads can still move well price-wise, but there
is also protection and risk control built-in to the positions.
Playing Nostradamus is a bitch
Posted by deep on 11th of Oct 2019 at 12:40 am
Playing Nostradamus is a bitch ! - Best Technical Analysis site. Period. Thank you for what you do. i'm slowly learning that when Steve says "The Onus Is Clearly On The Bulls" a few weeks in a row that means get the hell outa dodge! :) My plan is to sell tomorrow's bounce by doubling down on my Jan AAPL and MSFT Puts which are holding up the Dow and SnP. It's pretty surprising that short term call premium is relatively high and short term put premium is low. It's not a question of IF, it's a question of When and dammit i'm always too early.... I can't see this continue to be propped up through the end of this year but neither can most and that has me worried. I've lost a lot of money (~400k) over the past decade and in the beginning it was just expensive learning but the options game is truly insane and I feel like it's the only way I can make it back. I shoulda just put my money at work on the SPY system and i'd be a happy camper.
In options trading, I personally
Posted by stevieb294 on 11th of Oct 2019 at 09:37 am
In options trading, I personally prefer credit spreads over naked positions. Spreads can still move well price-wise, but there is also protection and risk control built-in to the positions.
The markets can act irrationally
Posted by steverobin on 11th of Oct 2019 at 04:02 am
The markets can act irrationally longer than your purse strings. Lose your opinion or your money.