wtf cares if they were real. It's risking $52. He infects every thread as you do, but you're just an ignorant troll/O2 thief, he's fishing. This clown is going to "mentor" people whilst "trading" $52 option positions and posting investopedia blurbs. With the dime-store psych that, "all trades are losers, until..." Grow a brain, both of you, and limit your useless BS to your own threads.
already closed at 0.38..left some on table..but i am never greedy..as it can cost u i mite do stupid things at times..but i change my mind very quickly at least u said something wortwhile..which i demonstrated that what u said works..not a load of bullshit talk bout lepto this and tails that..let the opp see where that approach will get him daytrading options..lol i will add u to my limited follow list OM..as u have shown me that u know a bit about what u talk about..not like the monkeys who know everything bout nothing as for the op..if he daytraded for 13 years..then he shud no by now dat options have limited value for daytrading..and should not be used if normal daytrading can be carried out..u do not reduce your odds just to reduce your risk..but that is just common sense of course so..the monkey..well..i did genuinely try to contrubute to this thread..which can be seen by any1 who reads the posts "correctly"..then our furry friend swings in..full of shite bout lepto and pigs tails..with not even a mention of a symbol and a strike..let alone a chart..lol trading is math..it is not magic..this does not mean that math is magic..go figure..the op will get no more ideas from me..maybe his furry friend mite show him something..but i really doubt that..as like most of his flea eating friends..they haven't the 1st clue about chart reading..what a bunch of apes OP..the thread is all yours..i do not help any1 who is rude or bad mannered..see where ur association with monkeys will get u..don't gorget to post some charts and pndl diagrams to explain what they show u..as it is rude to ask others for help and then not show what u are doing..well..it is where i come from anyway..but then again..i am not a hollywood dreamer J_S
Relax and don't get your panties bunched up. I suppose your idea of mentoring is to reply to threads with endless option theory. A live trade example is much better, It's nice to see a trade progress whether it's profitable or a loss. The high of the day (Wednesday) was $0.48. Something that could be considered is to enter a limit order to sell at a certain % percentage above entry price so that you don't have to watch the market the following day.
Yeah, another $.1K if he can prove the $0.38 fill on the offset. The guy has offered nothing; two trades of $132 notional.
My last post here..but he is making a fool of himself and he doesn't even know it, that is the real funny bit And now he has jumped into the obvious thread - he "obviously" doesn't know who he is dealing with..lol J_S
Who am I dealing with? Some eurotrash clown who can't construct a coherent sentence? Where is your fill on the offset of the 113C?
$1k is a heck of a lot more than the hypothetical gains of this trade. I thought you guys were traders? You refusing to pick up a grand for demonstrating that you indeed traded in cash a piker trade. What is wrong with you people? Nothing but lies ? Lies or idiocy there is no other outcome here.
Ignoring the last few pages... I was considering the exact same thing this week. So I made a spreadsheet and put in the bid, ask, and delta of several strikes on the nearest SPY weekly. I chose a dollar amount to risk per trade, and divided by the ask to get the number of contracts. Then I added commissions and spreads to get a total risk. I divided that by the position delta. I figured this might be a good measure. I found the strikes with the lowest risk per unit delta were a little OTM, with delta in the 40s. Going ATM or further OTM was worse. I could have gotten fancier and used a full pricing model instead of delta, but I'm really looking for a quick rule of thumb I can approximate in my head while trading. Another good thing about those strikes is that the are fairly cheap, and act as their own tight stop, so you don't have to dump them when they go against you. Just take them to expiration a few days later, with a chance they could still work out.