As one of the few call and put option buyers out there, I am enormously happy for days like today. This has got to be the biggest percentage gains I have got buying call and put options. I am sure there will be many more. I will take the 30% win rate on buying calls and puts any day of the week. Just need a couple of these big, huge gainers.
your information is incomplete. if you buy an equal # of call and put options with same strike price, , you wouldn't have a windfall today.
I only trade directionally, so either buy a call or a put option, depending on the stockchart. In this case, a call option. Nothing complicated, just buy the call or put option. Of course, just as important I believe is the secret sauce I use. That I am not sharing.
So far high is $47.42. Go go go! crypto and MasterCard. Could be huge. may adjust target to $100+ if it get close to $65 before 8pm close
Premarket hit $60 then sold off. Currently at $47.50. Out. Will wait till open. IB's hot keys suck. Pre-open pop-up box cost me a few points, even though I had it on hot transmit.
Do not chase a rapidly, rising stock. Who is going to buy your shares at the very top? When I posted this, I was getting out of BKKT. Will it go higher? Who knows? I think the chances are good, it is going to tank now. Most of the smart monies sold their shares yesterday. Just my 2 cents.
Big move up and down on BKKT. The weakness from $60 high really showed me it was the top. I locked in 20 points but should have used a trailing stop. Should have gotten 5-10 more points. Yeah, never chase. Lots of people try to buy it as its climbing quickly. Better to buy it from a consolidated price point.
BKKT is going back down to more reasonable price levels. Was going to short it but, the put options, was $1,300 a contract and there was no open interest to boot.