Posted by mitchell on 14th of May 2021 at 10:53 am
Basic call / put options works well for most; complexity =
headache. Really comes down to timing. One needs to anticipate
turning pts to get in/out slightly early to the algos. For example,
had SPX ATM calls that lost 50% in value this wk and wiped out my
profit w/in 2 days...that's fast. Was not paying attention to
market position like I should have. Options move quick so timing is
everything; best to keep a relatively short term mindset w/ them
for this reason.
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Basic call / put options
Just an observation …. The SPY option only a point ...
Posted by mitchell on 14th of May 2021 at 10:53 am
Basic call / put options works well for most; complexity = headache. Really comes down to timing. One needs to anticipate turning pts to get in/out slightly early to the algos. For example, had SPX ATM calls that lost 50% in value this wk and wiped out my profit w/in 2 days...that's fast. Was not paying attention to market position like I should have. Options move quick so timing is everything; best to keep a relatively short term mindset w/ them for this reason.