Here’s my problem with the verticals. I’m trading in an IRA and thus no margin (not sure that makes a difference). Especially on an expensive stock like CMG I have to have so much cash to cover my short position that I can not trade but one or two contracts. Is it really worth the time and energy and anxiety for a few hundred dollars or even less if you close it early as Dan suggested might be necessary?
Thanks
You do not have to take every trade. I refuse to set up a margin account, because of the requirements needed. Plus, I don’t like the risks involved in having a margin account.
Personally… I’m not touching CMG. I have my reasons, but you have to decide for yourself.
As one of the orignal newbies, would like to see a totitorial on these new trades. There is a tutitorial on calls and I was looking for/hoping for more of a teaching style from this experience not just a trade idea. I am feeling like I need to look else where to learn the trading options and then come back here for the trade ideas. Is this what you intended for this site? Just my 2 cents worth. Feel like I am over my head here.
I` ll paper trade this one for the experience, till my boat comes in, then off to the races. Susie and Taylor are dynamite. Glad to have them.
I like the risk/reward of the 230/240 spread … and CMG would have to do the unexpected to concern me.
I got a fill this morning for net credit of $2.00
Here’s my problem with the verticals. I’m trading in an IRA and thus no margin (not sure that makes a difference). Especially on an expensive stock like CMG I have to have so much cash to cover my short position that I can not trade but one or two contracts. Is it really worth the time and energy and anxiety for a few hundred dollars or even less if you close it early as Dan suggested might be necessary?
Thanks
You do not have to take every trade. I refuse to set up a margin account, because of the requirements needed. Plus, I don’t like the risks involved in having a margin account.
Personally… I’m not touching CMG. I have my reasons, but you have to decide for yourself.
As one of the orignal newbies, would like to see a totitorial on these new trades. There is a tutitorial on calls and I was looking for/hoping for more of a teaching style from this experience not just a trade idea. I am feeling like I need to look else where to learn the trading options and then come back here for the trade ideas. Is this what you intended for this site? Just my 2 cents worth. Feel like I am over my head here.