Buying call options at the

    Posted by mdgfain on 12th of Mar 2020 at 05:41 pm

    Buying call options at the close of the market today is like betting that the Republicans and Democrats will work out a deal overnight and sign it before the market opens tomorrow morning. I saw the same thing yesterday afternoon and bought 3/13 TQQQ puts overnight to protect my calls. They went up 500% and I sold.  I did the same today before the close. The way I look at it, I have $2000 to lose or $10,000 to gain. I’ll bet on gridlock overnight!  They may solve the problem tomorrow so they can go home, but if they solve it sooner, my calls will go up, and I only lose $2000 on the puts. Not recommending or bragging, just saying the risk/reward looked good enough for me to take a little stake and see what happens. In addition, we didn’t have a doji or hammer or buy signal. Wish I had bought more. 

    Wish I'd done that!

    Posted by maggi3322 on 12th of Mar 2020 at 06:35 pm

    Wish I'd done that!

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