09-22-2021, 07:06 AM
(09-22-2021, 06:35 AM)NilesMike Wrote:This is why I cringe when I see internet kids playing YOLO with margin AND options. They should never have been authorized. You have to start slow. I frequently make a little money being a little bit wrong. You can lose money being mostly right. You have to live it with small money IMO.(09-21-2021, 11:30 PM)fenders53 Wrote:(09-17-2021, 07:33 AM)NilesMike Wrote:First options just didn't give up extrinsic value until a couple minutes before close.(09-17-2021, 12:21 AM)fenders53 Wrote: Mike
Take a look at that IWM chart. It won't be hard to see where I am trying to enter. It's been annoying watching my long shares stuck in that channel so long but swing trading on the side has been about as easy as it gets. I definitely want all my long shares in soon. It will break out eventually.
I didn't mean to imply just buy now.
I meant to go all in when it suits you, i.e. puts assigned. Don't sell a portion and another and another at different times unless you never get assigned (a high class problem-LOL)
For those following along, the extrinsic didn't let go because of the pumped up volatility.
Trading options involve making an assumption or stock direction.
I am long a call in HD. Price has gone against me quite a bit but the pumped up volatility has my P/L hardly scathed. Now that vol seems to be coming out of the market, I'll need a nice price runup.