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AAII Buy. II Sell.


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#21 12SPX

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Posted 26 June 2020 - 11:26 AM

 

Nope never buy options only sell them, premium decay is always the best way to make an income at this job!  Very boring at times but it works.  Up to you how much risk you take.  For example, 3450 calls sold originally for $5.75, now $1.00, likely take them off soon, 2750 puts, average in $22, now $16 with stops to protect that profit, may even just take them off today.  Heavier on selling calls right now with where the market is though as calls are way tooooo bullish right now which to me is real sentiment, people are really putting their money where there mouth is however you have those pesky 5 Fanmg stocks and POMO holding everything up lol!!!  Just let the stupid thing correct and be natural so we can keep a normal bull market go lol!! 

 

 

So you are selling only the front month or more time?

 

I'm old fashioned and all my data deals with the old school way before all these options, 3rd week of every month and I only trade cycle to cycle.  Sometimes I'll go early expiration rolling into the next month if premiums are rich such as the 3450's were this month.  I posted it this month but don't regularly.  



#22 gismeu

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Posted 26 June 2020 - 11:27 AM

 

Nope never buy options only sell them, premium decay is always the best way to make an income at this job!  Very boring at times but it works.  Up to you how much risk you take.  For example, 3450 calls sold originally for $5.75, now $1.00, likely take them off soon, 2750 puts, average in $22, now $16 with stops to protect that profit, may even just take them off today.  Heavier on selling calls right now with where the market is though as calls are way tooooo bullish right now which to me is real sentiment, people are really putting their money where there mouth is however you have those pesky 5 Fanmg stocks and POMO holding everything up lol!!!  Just let the stupid thing correct and be natural so we can keep a normal bull market go lol!! 

 

 

So you are selling only the front month or more time?

 

I believe when he is selling options than he goes about 40 to 50 days out. What he is posting here all the time is his E-mini futures day trading.

 

from what I understand, gis


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#23 12SPX

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Posted 26 June 2020 - 11:28 AM

Profit stop 3010!  



#24 12SPX

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Posted 26 June 2020 - 11:37 AM

And out for a 10 point profit!  



#25 slupert

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Posted 26 June 2020 - 01:05 PM

3025 still holding at 2pm, amazing it was tested again and still held, if the don't sell it between 3-4Pm, i'm buying the close. QLD, AXP, WYNN, if not I'll sit this one out. JMHO



#26 Dex

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Posted 26 June 2020 - 01:30 PM

3025 still holding at 2pm, amazing it was tested again and still held, if the don't sell it between 3-4Pm, i'm buying the close. QLD, AXP, WYNN, if not I'll sit this one out. JMHO

The S&P equal weight broke down below the 200 ma days ago and so will the reg index

 

 


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#27 salam

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Posted 26 June 2020 - 11:28 PM

So far so good!
 

prefer to swing rather than hold and hope 

 

stops lowered to 3060 area

 

sell the rally’s 


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