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re: Visa getting roughed up today?

Posted on 8/2/13 at 9:57 am to
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 8/2/13 at 9:57 am to
This is true, the visa $175 option for next friday is $.93 cents, no way it hits $175 next friday, the flash crash is over. I just learned this all in the past 90 days or so, but since then i've amplified my returns significantly, can't believe I never dug into selling puts before.

It's literally buying shares at a discount to today's price or profiting the premium....win/win either way if you were gonna buy the shares at today's price anyway.
This post was edited on 8/2/13 at 9:59 am
Posted by ell_13
Member since Apr 2013
85527 posts
Posted on 8/2/13 at 10:02 am to
Whoosh.

This thread just went way over my head.

Ace, I need a good book for this too.
Posted by Jake88
Member since Apr 2005
70791 posts
Posted on 8/2/13 at 10:10 am to
Is there an "Options Trading for Dummies" available?

Something that doesn't assume you already speak the lingo.
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