What Did You Buy Today?

[fenders53]

(03-30-2020, 06:02 PM)DividendGarden Wrote:

(03-30-2020, 05:36 PM)fenders53 Wrote:

(03-30-2020, 03:01 PM)DividendGarden Wrote: Bought a SPY put right before the close, seconds ago.  $262 strike price.  I just don't see how the markets can keep rising.

Probably a good move.  I would be pleased if my puts expire worthless because it would likely mean my port is doing well.  It is hard to imagine we don't have some big down days soon though.

Yeah, I've got two and a half weeks until the 17th when it expires.

(04-03-2020, 02:39 PM)stockguru Wrote: Question about PUTS

Was thinking of buying PUTS in XOM. $37 strike price

I never bought options in my life lol. How does this worK?

I would like to buy XOM at $37. So looks like the 5/1 is going for $6.00

So my cost would be 100 x $6.00 = $600 correct?

And if the stock were to trade below $37 I would be in the money?  If it goes under $37 before the expiration can I still sell for a profit?

What is a buy open, or sell open??

How do I profit from puts ??

Sorry I'm a rookie lol

(04-03-2020, 03:13 PM)divmenow Wrote:

(04-03-2020, 03:06 PM)fenders53 Wrote:

(03-30-2020, 06:02 PM)DividendGarden Wrote:

(03-30-2020, 05:36 PM)fenders53 Wrote:

(03-30-2020, 03:01 PM)DividendGarden Wrote: Bought a SPY put right before the close, seconds ago.  $262 strike price.  I just don't see how the markets can keep rising.

Probably a good move.  I would be pleased if my puts expire worthless because it would likely mean my port is doing well.  It is hard to imagine we don't have some big down days soon though.

Yeah, I've got two and a half weeks until the 17th when it expires.

(04-03-2020, 02:39 PM)stockguru Wrote: Question about PUTS

Was thinking of buying PUTS in XOM. $37 strike price

I never bought options in my life lol. How does this worK?

I would like to buy XOM at $37. So looks like the 5/1 is going for $6.00

So my cost would be 100 x $6.00 = $600 correct?

And if the stock were to trade below $37 I would be in the money?  If it goes under $37 before the expiration can I still sell for a profit?

What is a buy open, or sell open??

How do I profit from puts ??

Sorry I'm a rookie lol

I will send you a PM. Basic options are not rocket science but market volatility adds to the complexity now.  I am not an options genius but I have traded well over 500 since I joined this forum and I am not broke yet lol.

I recommend not doing options. If you don't understand it, stay away lol

But if you want to go that route buy PII and then write a  protect put as it goes down to $25 

Do you trade options?