Trades of the day 01/06/2021
A few days late to post this. Closed out the 1 DKNG $42 Put 01/22/2021 for $45. Relatively quick $60 profit in 8 days. .
How to make money with options
People usually look into options trading because they think it’s a means of getting rich quickly. Yes, there are instances where some have definitely made an enormous amount of money very quickly but the truth of the matter is very few have done that and most have lost money. This is more of my opinion … Read more
Trades of the day 12/29/2020
Old: 1 AAPL $112.50 Put, $145 Call – 01/15/2021 Strangle sold on December 18th 2020 didn’t work out as hoped. Closed it for $145. Not a win, not a loss. Closing and moving on. New: Sold 1 DKNG $42 Put 01/22/2021 for $105. Collateral is around $520 including credit. Management Plan – Close out for … Read more
What are options?
Options are financial contracts that give the buyer the right and not the obligation to buy or sell a stock at a specific price by a certain date. The seller has the obligation to buy or sell the stock at that specific price if the buyer wants to at that specific price. This all sounds … Read more
Trades of the day 12/23/2020
1 SPCE $21 Put 01/15/2021 sold on December 14th 2020 has worked out really well and it was closed today for $44 giving a profit of $46 in 9 days.