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No point using all these option strategies. Once you start using these strategies it means you don't know the direction. Why waste your profits and pay premiums
by marketgod 8y ago
No point using all these option strategies. Once you start using these strategies it means you don't know the direction. Why waste your profits and pay premiums.
Find options you like and get in on them.
TSLA over $347.50 buy short term options, targets are $400.
- jonknee 8y agoWhat are you talking about? You can do directional with multi-leg just fine. Like you could buy the August TSLA 350 for $25.50 and sell the August TSLA 400 for $9.25. Selling the higher contract lowers your entry price to $16.25 and you'll make money at expiration from TSLA being $366.25 instead of having to be above $375.50. Max upside ends at $409.25, but more likely to actually be profitable.
- marketgod 8y agoWhy am I going to sell and pay premiums when I can just make the money wasted on premiums. If you are hedging options then you are unsure of direction is all and limiting max profits. www.plainsitemanagement.com --> I hit winners. Better than anyone out there. Also, I don't hold until expiration but I want maximum profits, not basic money.