05-09-2020, 01:05 PM
(05-09-2020, 12:47 PM)john Wrote: Here you go Fenders my defeat story...Oh, your free trial was over at least a month ago. Otter should have billed you by now. Mike's a landlord and he's not afraid to bust a kneecap so don't be late with your check OK?.
About 2? years ago I subscribed to an "expert options course" at least it didn't cost much lol
1st put I ever sold was on NIO a 9.00 strike was paying 2.00 on the advise of the "expert"
I didn't know what I was doing and watched in horror as it got "put" to me and quickly dropped and settled to around ~$3-4/share
Lesson learned options are bad!!!
Then I discovered this forum and asked a few questions and did some of my own research.
Yes I am happy with the options expiring worthless.
I would have been ok if they had been exercised .
Thanks to all for all the help from everyone, it has been worth every penny I paid for it lol
My most recent fail started pretty innocent. 90%+ of my port is conservative. I was minding my own business in late JAN selling a few puts in awesome sectors like airlines, amusement parks and restaurants. Nothing crazy but I got steam rolled. I couldn't have chosen worse sectors on purpose. It's amazing how much a small part of your game can hurt your overall port performance if it gets crushed.