Dan – This was a very good training video. I learned a lot. How do we establish stop loss price on the option ? I understand that we don’t expect the stock price to drop below $27.50, but I don’t know how to set my stop on the Option using the $27.50 price of the stock. Now that CREE has dropped in price to $28.50 (between 20 and 50 day MA) Jan $27.50 CALLS are trading at $3.70 versus $4.40. Where do you set your stops on Call Options? Since price of the stock has dropped is the strategy of buying this Call still valid? Would you buy the calls at this current price? I have struggled with this since I started trying to learn how to trade options.
(Hay Dan) I haven’t traded options since I joined. 1st because of my work schedule I’m working 12hr days & I am just to tired when I get home but I have to admit I am still very afraid to trade options. But I am very eager to learn. I will continue to listen to you and others on the forum. I appreciate everything u say and are teaching us. I know that others in the forum are experts by now I feel kind of all by myself, I know that it’s taking me a long time to learn but I intend to persevere with your help. Jpgnc@aol.com
You are safe Dan, I’m pretty sure that Google owns the “longest Beta” title.
Dan – This was a very good training video. I learned a lot. How do we establish stop loss price on the option ? I understand that we don’t expect the stock price to drop below $27.50, but I don’t know how to set my stop on the Option using the $27.50 price of the stock. Now that CREE has dropped in price to $28.50 (between 20 and 50 day MA) Jan $27.50 CALLS are trading at $3.70 versus $4.40. Where do you set your stops on Call Options? Since price of the stock has dropped is the strategy of buying this Call still valid? Would you buy the calls at this current price? I have struggled with this since I started trying to learn how to trade options.
(Hay Dan) I haven’t traded options since I joined. 1st because of my work schedule I’m working 12hr days & I am just to tired when I get home but I have to admit I am still very afraid to trade options. But I am very eager to learn. I will continue to listen to you and others on the forum. I appreciate everything u say and are teaching us. I know that others in the forum are experts by now I feel kind of all by myself, I know that it’s taking me a long time to learn but I intend to persevere with your help. Jpgnc@aol.com