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re: Options Trading Thread

Posted on 10/28/22 at 12:04 pm to
Posted by dragginass
Member since Jan 2013
2783 posts
Posted on 10/28/22 at 12:04 pm to
I sold some November puts (credit spreads) on Meta yesterday after the drop, and did the same thing with AMZN after the drop this morning.
Posted by Jag_Warrior
Virginia
Member since May 2015
4181 posts
Posted on 10/28/22 at 1:27 pm to
quote:

I sold some November puts (credit spreads) on Meta yesterday after the drop, and did the same thing with AMZN after the drop this morning.


If you don’t mind me asking, what kind of strikes did you choose? Can’t speak to META, but AMZN is certainly one I would have also looked at.
Posted by dragginass
Member since Jan 2013
2783 posts
Posted on 11/12/22 at 7:47 am to
quote:

sold some November puts (credit spreads) on Meta yesterday after the drop, and did the same thing with AMZN after the drop this morning.


What could have been. My initial trades turned out to be good ones, those put spreads made me good money. Unfortunately, I got nervous a a few days after entering. I decided to sell some call spreads as well to create an iron condor. Ultimately, the call spreads went in the money. My losses were minimal but my impatience turned a very profitable trade into a net loss. Don't be like me, lol.
This post was edited on 11/12/22 at 7:48 am
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