It's really what you feel comfortable with. Remember, selling DOTM means small profits. Less risk=less reward. Small gains can add up over time....
Right-on. Well put. That's exactly how it went. I left the bar when I saw the school marm. Just not before I had a few drinks...
Good point. I started out as a buyer of options in the 1990s. What I learned, and I believe it's true for most, is that you will occasionally have...
Of course. Absolutely correct. And yes, I'm not holding my breath that anything gets done. I've heard that "nothing getting done about it" is the...
To the first part...I don't really know what you're trying to say. Not that it matters, lol. I do know that I've been doing this for a long time,...
Good one, Lawrence! It never works out that way, though, does it? LOL
Ummmm...did you see that I'm doing this a long time, I do it for a living, and that I'm very successful with it? I guess not. I could teach you...
As with anything else, you have to know what you're doing, and it requires a lot of time and a lot of capital. Each trade is a small gain, and the...
A) No. And, B) he bought some at the ask as well. Remember, it's Thursday afternoon, the option is rather far out of the money (over 10%), the...
Many years. This whole millenium, actually. It's not my first question. You make it sound like I should know the answer. Guess I've been lucky. So...
Nothing like that at all. Someone has to be willing to sell, or else the buyer can't buy (at least not at their bid). Sometimes the bid is out...
RRY16, thanks for the change of heart, and welcome back. I certainly have considered asking my broker what exchange my contracts were traded on. I...
True, lindq. There are certainly others that got hurt much more than me. I only sold 7 of those few hundred contracts. Hopefully the others will...
Hi neke. You're right-on until the math. The options closed at $3.30. A few hundred contracts sold that day, all between 10 and 15 cents. NONE at...
Agreed. I just went ahead and did it. Thanks so much! Also, you are correct in that the stock movement on the 14th doesn't really reflect the...
The buyer also paid the ask over the course of the trading session. 2 or 3 contracts at a time adds up. It added up to a few hundred contracts, in...
Hi Option Guru. There was a spike, and it was indeed a red flag. However, as option expiration nears there is often a spike in out-of-the-money...
You're REAL nice. I sell options for a living. Been doing it a very long time, with great success I might add. I see how your mind works. Seems...
The company doesn't report earnings until 4/28. Options expiration has passed. The company did not announce that they were going to...
Thanks so much for the reply. The company is Super Micro Computer, Symbol SMCI, and they pre-announced a very bad quarter at 6:45 PM Thursday...
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