Hi Dan, after I got your email to buy the 680 calls at around $25 I noticed the option went up to around $31 before it reversed. If I had money in the trade I would have sold the calls at $31 and taken profits. Nice profit there.
First post on OMM, looking forward to learning more about option strategies and planning trades.
Interesting strategy to buy / sell ITM calls. I have done several spreads – buy ITM and sell OTM, but not buying both ITM. For those that have done this strategy before what do you typically do at expiration – let both get exercised or close the spread out as it’s at full value?
I have the same scenario. I have traded options. mostly calls. have had some success and some failures. I paper traded a while before doing some actual money trading. Its still different when its real money. I did an option trade on AAPL and lost money which is why I am here to learn more. I was trying to keep it simple by trading calls. So learning more about the bull spreads was helpful even if I am not ready to trade them yet.
Hi Dan, after I got your email to buy the 680 calls at around $25 I noticed the option went up to around $31 before it reversed. If I had money in the trade I would have sold the calls at $31 and taken profits. Nice profit there.
First post on OMM, looking forward to learning more about option strategies and planning trades.
Interesting strategy to buy / sell ITM calls. I have done several spreads – buy ITM and sell OTM, but not buying both ITM. For those that have done this strategy before what do you typically do at expiration – let both get exercised or close the spread out as it’s at full value?
Thank you for the repetition. I have traded options before signing up for the course, but need the explainations you are giving each day.
I have the same scenario. I have traded options. mostly calls. have had some success and some failures. I paper traded a while before doing some actual money trading. Its still different when its real money. I did an option trade on AAPL and lost money which is why I am here to learn more. I was trying to keep it simple by trading calls. So learning more about the bull spreads was helpful even if I am not ready to trade them yet.