|
|
Post by theMist on Apr 19, 2018 8:24:23 GMT -5
Starting to average in short TVIX
Fidelity only got me 470 shares TVIX lol
and they seem to be all out
|
|
|
|
Post by walnut on Apr 19, 2018 8:27:40 GMT -5
If they are not giving you margin is there any advantage of tvix over vxx anymore? You get better % bid ask spreads with vxx I think.
|
|
|
|
Post by theMist on Apr 19, 2018 8:41:52 GMT -5
Yeah - might have to add more short VXX instead
|
|
|
|
Post by clinton on Apr 19, 2018 8:54:36 GMT -5
I want to buy GM puts just dont have the confidence
aluminum prices up
car loan defaults up
|
|
|
|
Post by walnut on Apr 19, 2018 9:07:53 GMT -5
Here's the advantage that the puts have over shorting the stock: as GM drops and goes your way, your puts get more in the money, the delta goes up and you do better at an increasing rate. If you are wrong, the delta drops, and you lose less for every dollar you are wrong.
Just keep the position size small until you decide if you like to use options
|
|
|
|
Post by walnut on Apr 19, 2018 9:10:15 GMT -5
The fastest rate of change per dollar invested with puts is at the money puts. The in-the-money puts have higher deltas but you don't get as responsive gamma as at the money. Deep in the money puts are more like just shorting the stock outright.
|
|
|
|
Post by clinton on Apr 19, 2018 9:25:31 GMT -5
starting super small
bought a $3 call of $PIR for .10
Im going to try and keep these under 20 bucks until i figure out what Im doing
|
|
|
|
Post by theMist on Apr 19, 2018 9:29:12 GMT -5
lol Clinton
GL with options trading
I shorted 3000 VXX 41.50 avg
having hard to borrow issues with fidelity
|
|
|
|
Post by clinton on Apr 19, 2018 9:33:51 GMT -5
and I got a $5 put of TTS for .10
so both trades only have $10 of risk.
LEARNING
|
|
|
|
Post by clinton on Apr 19, 2018 9:36:06 GMT -5
never liked the idea of paper trading
just not the same
playing poker for pennies if different then playing with chips. hehe
|
|
|
|
Post by clinton on Apr 19, 2018 9:37:53 GMT -5
in MY mind.10 options only need to go up a nickle to make 50% that sounds awesome if you can pick em.
|
|
|
|
Post by theMist on Apr 19, 2018 9:44:23 GMT -5
in MY mind.10 options only need to go up a nickle to make 50% that sounds awesome if you can pick em. timing is so key with options trading definitely not easy trading options |
|
|
|
Post by walnut on Apr 19, 2018 9:57:07 GMT -5
Be ready to lose a few along the way, don't let them kill your plan before its had a real chance
|
|
|
|
Post by walnut on Apr 19, 2018 9:57:41 GMT -5
Agree about paper trading, not the same
|
|
|
|
Post by walnut on Apr 19, 2018 10:00:51 GMT -5
VXX indicators still aimed higher this candle change. Seems weak though
|
|
|
|
Post by clinton on Apr 19, 2018 10:03:13 GMT -5
and I got a $5 put of TTS for .10 so both trades only have $10 of risk. LEARNING now .13 hehe this REALLY feels like gambling |
|
|
|
Post by walnut on Apr 19, 2018 10:07:29 GMT -5
Don't ride any options to zero. Best to go a few months out and plan to hold a week or so one way or the other. Very short term options have very high theta, too high for me. They lose time value at an increasing rate as expiry comes up.
|
|
|
|
Post by clinton on Apr 19, 2018 10:08:54 GMT -5
Don't ride any options to zero. Best to go a few months out and plan to hold a week or so one way or the other. Very short term options have very high theta, too high for me. They lose time value at an increasing rate as expiry comes up. yeah but 30 day options are CHEAP!! LOL |
|
|
|
Post by walnut on Apr 19, 2018 10:13:41 GMT -5
And they get much cheaper VERY fast you will begin to see
Don't think too much about absolute price, a $2.50 put will still be a 2.4 put in a week. that .15 put will be zero in a week. In terms of percent loss it matters
Just my opinion- I don't consider myself a good option trader but I know option math
|
|
|
|
Post by walnut on Apr 19, 2018 10:15:15 GMT -5
Those short term options are better for selling. For example, you might sell a call instead of buying the put. That way bid ask may not hurt so bad, and theta is your friend. That's how I prefer to do it.
|
|
