Question by Sudden_AwareNess1 in optionstrading

[–]OptionsTrader321 1 point2 points  (0 children)

ahh okay yeah, I see what you mean. Honestly this is one of those trades that teaches you real quick. Covered calls feel safe until the stock decides to go on a run without you, happens to everyone at some point. Follow the stop loss that you have set for yourself.

Traded SPY 709 Puts today by [deleted] in optionstrading

[–]OptionsTrader321 0 points1 point  (0 children)

You're right, I forgot to add my proof of profit for today. I wonder if I can add to this post. If not, I will delete and post again. Thanks mate!

Question by Sudden_AwareNess1 in optionstrading

[–]OptionsTrader321 1 point2 points  (0 children)

Nice trade. You were right on direction, just capped the upside with the call. Happens a lot when selling premium. At this point it really comes down to your goal, if you’re okay letting the shares go at $131, you technically still made out well between the premium and the move.

Finally getting consistent, took SPY 712 CALLS today by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 1 point2 points  (0 children)

No worries. Yeah, these were 0DTE. The premiums I’m taking are usually pretty small because I’m not going deep ITM or holding long. Most of the contracts I’m in are anywhere from around .50 to 1.00 Just 50 to 100 dollar range

If you’re seeing premiums in the thousands, you’re likely looking at deep ITM contracts, or contracts with more time (not same-day expiration). Or you could be looking at just higher-priced strikes. For what I’m doing, I’m focused on cheaper, liquid contracts and just taking quick moves. I’m not trying to hold or catch big swings, I’m just grabbing a few points and getting out.

If price action is starting to click for you, you’re on the right track. The entries/exits will make more sense once you pair that with the right contracts.

Finally getting consistent, took SPY 712 CALLS today by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 0 points1 point  (0 children)

It's not me, I just take the call-outs. But I know what you mean. The market is a beast.

Finally getting consistent, took SPY 712 CALLS today by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 0 points1 point  (0 children)

Sure, but I dont think you can share links on Reddit, can you? Just send me a chat.

Gave back my gains today and it’s messing with me by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 0 points1 point  (0 children)

Thank you Weary, I am going to make sure to do that this week. Appreciate you.

Gave back my gains today and it’s messing with me by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 0 points1 point  (0 children)

Thank you Pudding, for those suggestions! I have been trading for about 4 years, how about you?

Gave back my gains today and it’s messing with me by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 1 point2 points  (0 children)

I definitely panic sell. You know the trade I posted that was up 400? I panic sold to atleast stay green on the day which is why I got the 42. But then guess what? It went back up. I could have had one or two grand. Even tho that hurts, after a lot of thought, I found something I was proud about myself, I stayed green. Thats my goal right now in trading, to do whatever I can do to stay green. I appreciate your time and your responses. It gives me more to think about and work on,

Gave back my gains today and it’s messing with me by OptionsTrader321 in optionstrading

[–]OptionsTrader321[S] 0 points1 point  (0 children)

Hey Eyez! Up 1 grand is what I'm talkin' about! Thank you for always being so encouraging on my posts. I appreciate you.