You mean HTH? You should sell those puts the next day the stock is down. I'd hate to see you lose money on them and then blame me because you didn't take profits when you were up.
I will of course post a trade alert when I sell mine.
It would be nice to see the trade alerts when you sell to remind us, as we all have lives & are busy, and most of what I have done is all losses. Only FFWM & HTH went up, all the rest went down.
and I was not eligible to do the spreads, now I am .
I post trade alerts every time I sell, but going forward I may adjust my options trading based on feedback by you and others who have different levels of patience and risk tolerance than me.
You ought to be up on some of the stocks I've posted as part of our core strategy--META, for example, was up more than 11% after hours today post earnings.
Glad you're able to do spreads now. I may have another one for us soon.
Regarding your recent comments you sell the put when the price goes down and sell the call when the price goes up, correct? I watch them all and I see the go up & down, then at some point its too far low, so I don't want to sell too soon and I realize these need babysitting every day, several times a day. TMHC was down dramatically today, over $200, yet it bounced back a short time later and was close to what I paid, so I sold for a $60 dollar loss. Do you think it was a good exit?
Also sold BRCC same thing, small $81 loss, so I can take those and now I watch these like a hawk!
I also closed FFWM at $1056.59, paid $478.40 & made over double. Looking forward to doing the spreads though I don't have enough in my account to do your core position, I did most when I first started with the trailing sell and most went up. When I only have $ for some of them, do you still think it's good to buy the ones you can afford vs all of them? Thank you for helping all of us understand!
"Regarding your recent comments you sell the put when the price goes down and sell the call when the price goes up, correct?"
Of the underlying security, yes. When the stock price goes down, the puts go up and you can exit then; similarly, when the stock price goes up, the calls generally go up and you can exit then.
"TMHC was down dramatically today, over $200, yet it bounced back a short time later and was close to what I paid, so I sold for a $60 dollar loss. Do you think it was a good exit?"
The straight calls? No. Mine are currently up 35% from where I bought them. Yours probably would be up now too if you hadn't sold them for a loss.
"I also closed FFWM at $1056.59, paid $478.40 & made over double."
Nice work. It looks like you got a better entry on the FFWM puts than me.
Sure, selecting trades you like and can afford makes sense.
I see a typo David, You said above "Of the underlying security, yes. When the stock price goes down, the puts go up and you can exit then; similarly, when the stock price goes down, the calls generally go up and you can exit then."
For both you say when the stock price goes down. Do you mean when the stock price goes up, the calls generally go up?
I would not blame you for it, though thanks for the tip on selling them... Is that the strategy for all the puts? Sell when stock is down as most are down now and I am just watching them sadly. Does that mean to sell all the ones that are down? BOIL, BRCC, TMHC? or how long do you wait to see if there is any recovery?
My strategy is this: I'm setting limit orders to exit all of them except BOIL when I have gains of 50%-100%. As we get closer to expiration, then I'll take what I can get.
On BOIL, I plan to exit about a month before expiration.
Out of the BOH puts today at $11, for a profit of ~80%.
This one is almost double, time to sell or are you holding?
Which one?
You may have gotten a better entry than me, but if you're up almost double, consider taking profits.
FFWM which slammed down after I wrote this. As did THMC. Sigh.
HTC has lost half its gains recently, any plans to exit soon or hold?
You mean HTH? You should sell those puts the next day the stock is down. I'd hate to see you lose money on them and then blame me because you didn't take profits when you were up.
I will of course post a trade alert when I sell mine.
It would be nice to see the trade alerts when you sell to remind us, as we all have lives & are busy, and most of what I have done is all losses. Only FFWM & HTH went up, all the rest went down.
and I was not eligible to do the spreads, now I am .
I post trade alerts every time I sell, but going forward I may adjust my options trading based on feedback by you and others who have different levels of patience and risk tolerance than me.
You ought to be up on some of the stocks I've posted as part of our core strategy--META, for example, was up more than 11% after hours today post earnings.
Glad you're able to do spreads now. I may have another one for us soon.
Regarding your recent comments you sell the put when the price goes down and sell the call when the price goes up, correct? I watch them all and I see the go up & down, then at some point its too far low, so I don't want to sell too soon and I realize these need babysitting every day, several times a day. TMHC was down dramatically today, over $200, yet it bounced back a short time later and was close to what I paid, so I sold for a $60 dollar loss. Do you think it was a good exit?
Also sold BRCC same thing, small $81 loss, so I can take those and now I watch these like a hawk!
I also closed FFWM at $1056.59, paid $478.40 & made over double. Looking forward to doing the spreads though I don't have enough in my account to do your core position, I did most when I first started with the trailing sell and most went up. When I only have $ for some of them, do you still think it's good to buy the ones you can afford vs all of them? Thank you for helping all of us understand!
"Regarding your recent comments you sell the put when the price goes down and sell the call when the price goes up, correct?"
Of the underlying security, yes. When the stock price goes down, the puts go up and you can exit then; similarly, when the stock price goes up, the calls generally go up and you can exit then.
"TMHC was down dramatically today, over $200, yet it bounced back a short time later and was close to what I paid, so I sold for a $60 dollar loss. Do you think it was a good exit?"
The straight calls? No. Mine are currently up 35% from where I bought them. Yours probably would be up now too if you hadn't sold them for a loss.
"I also closed FFWM at $1056.59, paid $478.40 & made over double."
Nice work. It looks like you got a better entry on the FFWM puts than me.
Sure, selecting trades you like and can afford makes sense.
I see a typo David, You said above "Of the underlying security, yes. When the stock price goes down, the puts go up and you can exit then; similarly, when the stock price goes down, the calls generally go up and you can exit then."
For both you say when the stock price goes down. Do you mean when the stock price goes up, the calls generally go up?
I would not blame you for it, though thanks for the tip on selling them... Is that the strategy for all the puts? Sell when stock is down as most are down now and I am just watching them sadly. Does that mean to sell all the ones that are down? BOIL, BRCC, TMHC? or how long do you wait to see if there is any recovery?
My strategy is this: I'm setting limit orders to exit all of them except BOIL when I have gains of 50%-100%. As we get closer to expiration, then I'll take what I can get.
On BOIL, I plan to exit about a month before expiration.
And to dump them as soon as they go down? Most of them never went up.
How would you set a limit order on percent as I only see it as price.
thank you
You work out the percentage yourself, and then enter that price.
Right, typo. Corrected. Thanks.