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Options - questions and answers - Page 3

post #41 of 415
12/10/07 at 1:04pm
Quote:
Originally Posted by bustaman View Post
Mr. W,
I really appreciate the thread, I've been trying to understand options for sometime now. I have the assumption that CIti group will Rally in the next few weeks, and I am trying to figure out how to use options to make a play on it. It is at 33.30 right now and I wanted to buy dec 37.50 options at .20 cents, hoping they will at least double in the comming weeks and sell them before expiration. Can you tell me how what spread I could use to lower my risk but still make good money. It is easier for me if I get a real example of something that I'm looking at.
Nobody answered your question, for starters never buy that close (same month) 45 day minimum, 20 trading days in a month.
Don't buy cheap calls
if you think you would like to profit this month on a suspected move, use the "Time Value" in your favor. sell a put, yes you are the seller. or use covered call strategy.

But buying in a short distance your going to lose it.
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post #42 of 415
12/10/07 at 10:34pm
Thread Starter 
Thank you Chan, I dont know how I missed that question.
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post #43 of 415
1/19/08 at 8:19pm
Thanks Mr.Weekend for the classes and stonecold for the notes. I copy and pasted all the note posts and edited some typos and made it a word document for all of us eager options learners. I will attach the word document. I suggest we all print it out and study it. Good luck all.
http://home.comcast.net/~chaop/Options101.doc
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post #44 of 415
1/19/08 at 8:31pm
WOW herman that was allot of work, thanks allot i think i may finally read the thread now in my spare time away from the pc.

Tim

OH YEAH and stonecold did all the typing for the origianl so thanks must go to him also
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post #45 of 415
1/23/08 at 2:54am
Thread Starter 
Thanks Herman,
Great Job!
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post #46 of 415
3/27/08 at 8:18pm
Fantastic info, thanks Mr. Weekend!
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post #47 of 415
4/25/08 at 9:05pm
good stuff! thank you.
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post #48 of 415
4/26/08 at 1:20am
2 successful flip in a row this week with QQQQ puts .... 40% on each one. Thanks MrW, Stone Cold, and all.
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post #49 of 415
5/2/08 at 3:11pm
hello all, I play mostly Nasdaq stocks but I am wanting to learn how to play options
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post #50 of 415
5/2/08 at 3:27pm
Thread Starter 
Hi strong,
welcomee to hsm, come on into the live chat section.
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post #51 of 415
5/16/08 at 2:36am
Whens the next live chat?
Soon I hope.
Hey Strong, fancy meeting you here.
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post #52 of 415
5/19/08 at 4:01pm
Thread Starter 
Im in the process of leaving my job and hope to have some time to do it again. All the info you really need is presented here. Also feel free to join us in the live chat during trading hours and papertrade with us till you get the hang of things.
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post #53 of 415
6/12/08 at 10:15pm
Quick question: Does the day trading requirement of no more then 4 or 5 or whatever it is day trades in a week apply to options trading?
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post #54 of 415
6/13/08 at 12:34am
Quote:
Originally Posted by Toxin View Post
Quick question: Does the day trading requirement of no more then 4 or 5 or whatever it is day trades in a week apply to options trading?
yes, 4 roundtrips in a 5 day rolling period.
only applies to margin accounts or brokers that only allow margin accounts. Cash accounts can trade there full settled funds each day when trading options since they trade T+1.
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post #55 of 415
6/13/08 at 6:20am
Just to be clear, you're only allowed 3 roundtrips. That 4th one will put you in jail for 90 days.
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post #56 of 415
6/13/08 at 7:03am
Just to make it clear, jail means your account is restricted to only closing transactions, not really imprisonment.
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post #57 of 415
6/13/08 at 11:19am
depends on the state herman! in my state they make you do the housework....
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post #58 of 415
6/13/08 at 4:16pm
Quote:
Originally Posted by Blooey View Post
Just to be clear, you're only allowed 3 roundtrips. That 4th one will put you in jail for 90 days.
Quote:
Originally Posted by hermanpu View Post
Just to make it clear, jail means your account is restricted to only closing transactions, not really imprisonment.
Quote:
Originally Posted by Jessica View Post
depends on the state herman! in my state they make you do the housework....
Just to be clear...in my State, they restrict your account, but they also make you wear an ankle monitor.
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post #59 of 415
6/13/08 at 8:05pm
That's all for being clear!

But seriously that's exactly what I needed. Thanks, and lets make some $$$'s!
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post #60 of 415
6/16/08 at 12:00am
Why is it so hard?!
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