Yesterday, I was talking about patience. Today, I reviewed my original post talking about the trade. I said I would aim to take 75% of the profits if I could. 75% of $1.09 is $0.81. Looking at this now, I think I made a mistake. I am not sure. Just on the option itself, which…
I guess I realized this, but just today, it really hit home. BABA stock has really fallen since I entered the trade. I bought BABA at $86.72 and it is now $84.02. I’ve lost $2.68 per share on those shares. That is down 3% over the past two weeks! BUT I am still in a…
Last Friday, I thought about playing the S&P for a big move again. The S&P 500 would need to go up to 4400 by Friday (up 1.7% from current levels) or down to 4247 (down 1.8%). That’s almost 2%! That’s a big move for a week… Today, the S&P 500 fell 1.5% to 4273. I…
The next option strategy I’m trying is a deep-in-the-money, covered call. Yes, I know that this blog is essentially about dividends. But I’m in my playing-with-options phase. What if you can invest in a strategy almost guaranteed to make money? Does such a thing exist? Let’s look at an example of such a strategy: a…
Luckily, I still have a couple of years to wait for this trade to win. But PayPal, which was up briefly when I opened the vertical call spread, has now gone down, and the profits I had in that spread have gone away. So, let’s put that trade aside for now. PayPal will recover. I…
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