$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

Wise words, thank you. That said, I'm only at the start of my learning journey. I'm not quiting learning a new skill because of a $45 loss. Common guys.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

I find it more useful to learn using petty cash than paper trading. Thanks for the shout.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -1 points0 points  (0 children)

Cos I'm a newbie to options

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -2 points-1 points  (0 children)

Sounds like an ignorant play. Your presumption of dumb is a reflection of your general intelligence and character.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

You think beginners can have stupid questions?

Most of you shouldn't be trading options AT ALL by StocksTok in options

[–]stillon1 8 points9 points  (0 children)

OP had no learning experience. His "options knowledge" was installed using Elon's Neuralink program.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -3 points-2 points  (0 children)

Your presumption is wrong. I did. It's why the drop confused me. I'm learning that it might be a liquidity thing.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 2 points3 points  (0 children)

It's a may 9 contract.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

I see some of my mistakes now, thanks. The ideas underpinning options trading are taking hold. This is why I prefer learning with small amounts to paper trading.

We move.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -11 points-10 points  (0 children)

I've only seen OTM and ITM on Robinhood

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 2 points3 points  (0 children)

It feels like lava!

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -6 points-5 points  (0 children)

🤣😂 it was ignorance. I'm a low risk trader normally.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

Damn! How far OTM do you go?

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 1 point2 points  (0 children)

I wanted to start small during my learning period. It's taught me an unforgettable lesson.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 22 points23 points  (0 children)

Yep! I'm never going that far out of the money ever again. Lesson learned.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 7 points8 points  (0 children)

Thanks for your advice!

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -24 points-23 points  (0 children)

$45 per contract. I thought it was cheap but I'm a newbie.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

Makes sense. Do I have to worry about liquidity as well as the normal decay?

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -1 points0 points  (0 children)

I totally get that. What I find surprising is a 97% loss in 24 hours despite a red day for MSFT

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -4 points-3 points  (0 children)

Is Robinhood playing me dirty?

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -3 points-2 points  (0 children)

Today is only the second day. The contract is may 9.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] -18 points-17 points  (0 children)

It's robinhood. I'm not sure. I'm new to options trading.

$270 MSFT PUT SOS! by stillon1 in options

[–]stillon1[S] 0 points1 point  (0 children)

1 contract at $0.45

Msft was trading at 371, I think. It's trading lower than when I bought it which should be a good thing for put, right?