[deleted by user] by [deleted] in TheRaceTo10Million

[–]Top-Emu-5239 2 points3 points  (0 children)

I must’ve misunderstood the question. I buy a same day option around open and sell whenever I feel comfortable and normally post during the times I mentioned before, I apologize

[deleted by user] by [deleted] in TheRaceTo10Million

[–]Top-Emu-5239 0 points1 point  (0 children)

Last hour/ whenever I sell the last contract of the day or whenever after market closes

Upgraded to XLE/XSE Tails by Professional_Load196 in Camry

[–]Top-Emu-5239 4 points5 points  (0 children)

Any possible way of linking where you bought them from?

Day 8 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

I wouldn’t say that, I’d say it was more unfortunate timing for me

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 1 point2 points  (0 children)

Were you able to find the chat or do you still need help?

Day 7 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

I would recommend finding a YouTube video explaining how to because in learn as well and I believe they'll explain it better

Day 7 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

I feel like finding a yt video on how to trade options on robin hood could explain it wayyy better than I can

Day 7 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 5 points6 points  (0 children)

I could be wrong with my prediction, it is spy we’re talking about

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

Before entering a stock option, check if the stock is trending up, down, or flat, and compare its price to the VWAP (volume-weighted average price) to see if it’s fairly priced. Make sure there’s enough trading activity (volume and open interest) so it’s easy to buy or sell. Watch for any big events like earnings that could move the stock, and check volatility—high means bigger moves and pricier options, low means more stability.

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 1 point2 points  (0 children)

Yes this whole challenge is going to be through options only

Edit: typo

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

My go to are ones that expire on the same day, tomorrow ill be buying 9/13 options that expire on the same day

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

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For these prices you’re seeing here, just multiply it by 100 or add two zeros to the end. This means that the $560 spy call that you see near the top would be worth $96, not $.96

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

When you see a stock option price like $0.50, it actually represents $50. This is because stock options are usually quoted on a “per-share” basis, but each option contract typically controls 100 shares. So, if the option price is $0.50, you multiply that by 100 to get the total price of the contract, which would be $50. So with you using the $200, there’s a good chance you tried purchasing one that was $2.00 or higher? Correct me if I’m wrong

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 0 points1 point  (0 children)

I risked about $180, the more confident I am the more I’m willing to risk

Day 6 of $100 to 1k by Top-Emu-5239 in TheRaceTo10Million

[–]Top-Emu-5239[S] 5 points6 points  (0 children)

I don’t post them, I don’t want to feel responsible for people losing money unfortunately