Sleeping with Naked Options

Discussion in 'Psychology' started by zdreg, May 24, 2023.

  1. zdreg

    zdreg

    How do traders with naked calls in Nvdia sleep tonight.
    How do trader with naked puts in Snowflakes sleep tonight.?
     
  2. maxinger

    maxinger

    Take sleeping pills to go through the agonising sleep.

    Then tomorrow add more naked call and naked put positions.
     
    Last edited: May 24, 2023
  3. tomas262

    tomas262

    roll the steamroller into further expiration
     
    jys78 likes this.
  4. zdreg

    zdreg

    why? Taking losses is a hallmark of a good trader.
     
    Last edited: May 24, 2023
    jys78 likes this.
  5. jys78

    jys78

    Same as any other position. Don't be stupid about it when you put it on. Plan the trade and trade the plan.

    Being short NVDA calls naked into earnings in any size relative to your overall port would count as stupid.
     
    Flynrider likes this.
  6. DeMurph

    DeMurph

    One thing i learned from forex is to not be emotional and don't let emotion to take your control. we need to stay stable.
     
    jys78 likes this.
  7. When market opens at 9:30 is that when you cash out on the overnight short positions?
     
  8. KCalhoun

    KCalhoun

    I sleep with naked women instead. :D
     
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  9. ETJ

    ETJ

    Adequate capital so you can adjust. Spreads instead of outright naked, but risk adjusted performance needs to be considered vs. not sleeping.
    Keep in mind that multiple listed options are fairly efficient - so the returns reflect the risk. Don't assume the horrible event won't happen.
     
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  10. maxinger

    maxinger

    Not a good idea.

    When you wake up the next day,

    your wallet will be naked.
     
    #10     May 24, 2023
    TheDawn and KCalhoun like this.