New Zealand stock. Price varied between $124 to $126 today. This is a typical range. Tomorrow it might oscillate from $121 to $123. Or it might start at $125 and slide down to $123 by the end of the day. It could start at $125 and climb to $127 when markets close. It might be sink to as low as $80 by the end of the year and stay low for a couple years. However, the long-term trend is positive because this stock will keep rising. I typically have day traded this stock for over about 12 years now. But now I want to try the same using Options. What might be a good way to day trade this stock using Options? At the end of the day, I need to generate income. Any good Options strategies come to mind?
Frontyard, your first issue is that the NZ options markets barely exists. I haven't bothered following it but I thought only a literal handful of stocks are covered and it's only a few yesrs old. I wouldn't expect there would be any liquidity to day trade. Not sure the situation with option brokers if they're available.. I doubt its possible or practical but research the market for options on that stock before considering strategies. Although I would never touch them myself, you are more likely to find a daytrading market in cfd's I expect..