Money Investing megathread extravaganza - Page 397

**DaFace** · 06:35 PM

A place to talk about investing stuff.

ThaVirus · 08-28-2020, 01:06 PM

If we can deal with Clay's shit, we can deal with some options talk.

**lewdog** · 08-28-2020, 01:08 PM

I’ll take options talk over penny stocks any day.

**lewdog** · 08-28-2020, 01:19 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

Did you buy with a short time to expiration?

**ChiTown** · 08-28-2020, 01:39 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.

Your 62% profit is nothing to sneeze at. Well done.

MagicHef · 08-28-2020, 02:39 PM

Quote:

Originally Posted by lewdog

Did you buy with a short time to expiration?

3 weeks. I'm too chicken to buy shorter than that.

**Buehler445** · 08-28-2020, 02:51 PM

Quote:

Originally Posted by MagicHef

Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.

Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.

Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.

Work your system. DO NOT see what would have happened if you operated outside of your system. That leads to undisciplined trading.

At 62%, do your thing man.

MagicHef · 08-28-2020, 02:55 PM

Quote:

Originally Posted by ChiTown

I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.

Your 62% profit is nothing to sneeze at. Well done.

I'm very new at it, so it remains to be seen if I can do it effectively. So far, I'm only doing it with companies I trust (AMD, AAPL, MSFT, WMT, etc), and I'm doing calls about 3 weeks out. I buy dips, figuring that a company like Microsoft will go up sometime in the next 3 weeks, even if it isn't immediately.

So far, I've been at it for about a month and I've made about $900, while only investing about $1,000 at a time. If it does turn out to be an effective strategy, I'll start using more of my money for it.

MagicHef · 08-28-2020, 02:58 PM

Quote:

Originally Posted by Buehler445

Work your system. DO NOT see what would have happened if you operated outside of your system. That leads to undisciplined trading.

At 62%, do your thing man.

I'm still figuring out my system, so I figure more info doesn't hurt. However, if the exact same thing happened again I would still sell at 62%.

scho63 · 08-28-2020, 06:09 PM

90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock

Hog's Gone Fishin · 08-28-2020, 08:47 PM

Quote:

Originally Posted by scho63

90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock

That's why I just stick with buying and selling the stock. I only lose 70-80% of the time.

MagicHef · 08-28-2020, 11:26 PM

Quote:

Originally Posted by scho63

90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock

Hopefully I’m in the 10%.

Stewie · 08-29-2020, 01:10 PM

Do you do covered calls? You can get blindsided in a hurry unless you're constantly watching your trades.

MagicHef · 08-29-2020, 03:15 PM

Quote:

Originally Posted by Stewie

Do you do covered calls? You can get blindsided in a hurry unless you're constantly watching your trades.

Not fully covered, I don’t own 100 shares of each, but I do own some. However, I am constantly watching.

**Rain Man** · 08-29-2020, 04:25 PM

Quote:

Originally Posted by MagicHef

Hopefully I’m in the 10%.

I think the odds are in your favor.

Hog's Gone Fishin · 08-30-2020, 01:12 PM

So , is this a good strategy???

Find mutual funds that have a really good return over the last 1 year/ 3 year period.

Pull up their portfolio and look at their top holdings

Invest in their top three since they are driving the return they're getting.

For example : ARKW which is actually an ETF is 62% 1 year and 41% 3 years

Their top 3 holdings are TSLA, SQ, ROKU

All have blown away the market over the last year.

Thoughts?

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $6899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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08-28-2020, 01:06 PM	#5941
ThaVirus Grand champ Join Date: Sep 2007 Casino cash: $62369	If we can deal with Clay's shit, we can deal with some options talk.
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08-28-2020, 01:08 PM	#5942
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-88100	I’ll take options talk over penny stocks any day.
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08-28-2020, 06:09 PM	#5949
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $751110	90% of pure options TRADERS lose money. Most professional options traders are using them as hedges for their portfolio or an individual stock __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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08-29-2020, 01:10 PM	#5952
Stewie MVP Join Date: Oct 2006 Location: West of the Equator Casino cash: $-100099	Do you do covered calls? You can get blindsided in a hurry unless you're constantly watching your trades.
Posts: 13,759

08-30-2020, 01:12 PM	#5955
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-179523	So , is this a good strategy??? Find mutual funds that have a really good return over the last 1 year/ 3 year period. Pull up their portfolio and look at their top holdings Invest in their top three since they are driving the return they're getting. For example : ARKW which is actually an ETF is 62% 1 year and 41% 3 years Their top 3 holdings are TSLA, SQ, ROKU All have blown away the market over the last year. Thoughts?
Posts: 40,651