So yesterday afternoon was a pump fake
Boiler Room: The Official Stock Market Discussion
hell no that’s too close for me. I like monthlies and leaps for blue chips. Plus kind of give me time to either reassess and cut sling or to double down.
Chrishaune
Veteran
Yeah I'm not talking about blue chips. I'm talking about these pump and dumps.
Oh yeah low key in and out
Saysumthinfunnymike
VOTE!!!
Some of these are down so far it's actually laughable.. Leaps are gonna print. As long as you stay the course you'll be fine. Don't panic.
Rickdogg44
RIP Charmander RIP Kobe
- ATM, OTM, ITM?
- You wait for the Day opposite the direction you believe. Example, you waited today for Apple to have red day and buy a call 1 week out?
Last edited:
Chrishaune
Veteran
Yeah, I usually try to get them out-of-the-money (by $.50 to $1) because it seems those are the best prices . $7 - $15 per contract. Might get 30 of them (maybe 15 to start). Seems like when they hit your way you can get $25-$45 AT LEAST per contract.
The trick is finding options that offer weekly expiration dates. Those offer smaller increment strike prices. ($.50 - $1)
Right now I'm trying to buy between Wednesday and Friday the week before expiration. Stocks that have a trend of a lot of volatility. 2-3 days of gains then a turnaround, a day or 2 of dipping then gains. Might hold it for a day or 3-4 depending on the situation. Might even add some after a day or two if there are better prices.
Last edited:
beenz
Rap Guerilla
I'm not into investing in companies that aren't established and making money like this. I'm hold off.
Buying a stock Thursday that expires next week is cutting it close though. Plus that Monday IV crush if the stock doesn't go your way can be a motha.I'd rather play it both ways. ITM in the OPPOSITE direction of where the stock is going (red/green day) and then a lottery of the current direction. The key for me is to "trap" the stock into paying me no matter what it does.
Chrishaune
Veteran
I'm there with you. I've been thinking about playing both sides.
This bitcoin related stock I'm testing it on is kind of easy to tell the trend with though. It might go for a few days and pull back the other way. A lot of selling going on. Bitcoin moves slow enough to play with the trends.
Rickdogg44
RIP Charmander RIP Kobe
another red day
