re: Options Trading Thread

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if overnight (~238) holds.

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Its higher in premarket. If premarket holds I will clear around $3100 on the TSLA calls.

I think I am going to exercise them and take the shares

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Why?

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Because I wanted more shares of TSLA but I changed my mind and sold at open.







ETA: Looks like I lost out on another $800 selling at open. Oh well...

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ETA: Looks like I lost out on another $800 selling at open. Oh well...

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Good deal.

Never beat yourself up over taking profits.

If you grew up with Charlie Brown you remember Lucy "taking the football" right when Charlie was about to kick.

Options trading is similar. Lucy will take the football.

I was busy yesterday and forgot this was a good earnings week so I bought a few contracts about an hour before close yesterday and didn't risk a lot since I was in a hurry but I made a little this morning

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I have not had a earnings play in a while. Need to look at some today

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I don't go all in to hit home runs like a lot of people try to do with options. I buy a few here and there to get some base hits. It all adds up eventually.

TSLA last week was a home run, though.

I have calls in V, AMD, CMG, and ADP right now.

Had some GOOGL but sold for a small gain and chose not to hold through earnings. People are saying that ad revenue on YouTube is predicted to take a hit due to streaming competition.


ETA Speaking of base hits...

I sold AMD when I was up 29.31% and did not hold through earnings thankfully.

V had news break out right before close they were laying off 14K people and the market reacted. I was up about 14% all day on the calls but got cold feet and sold at an 8.58% loss thinking earnings would be more bad news. Mistake

CMG didn't do much all day so I sold right before close at up a measly 2.79%.

I also sold ADP at nearly break even after I got cold feet but they won't announce until tomorrow morning so TBD if I made the right call but I would be down on the calls already if I had held.

My worst mistake today was bailing on GOOGL but I made money today and that's all that matters.







Tomorrow is a lot to watch with ROKU, META, MSFT, SBUX and more

Nothing wrong with leveraged etf's. Like any other stock if you're right on direction you make money. I trade a lot of TQQQ, SOXL, and TNA. Generally, I sell puts and if assigned I sell calls against them.

I you want to see some real volatility try DPST. It's 3 times the regional bank stock index.

I imagine the fees are the management fees that are taken out of the funds assets to pay the advisers. Over time that can be a drag on performance if you try and hold long-term.