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For a broker I use Interactive Broker but you should see what features are available aside from just cheap commissions and find one that suits your needs.
On the 10-20-30 I still use it and many members do. I don’t have a portfolio with it though and it does form part of the Put Options Selling Tool.
Just a few trades a week I might be tempted to pick the Retiring Easy Portfolio and the SPY ETF Market Direction Portfolio trades. Not the SPY ETF Hedge trades which is an intraday trading strategy.
Between those two portfolios you would do just a few trades each week.
Aside to those two portfolios, there are members who pick one stock they like from the daily watch list and place a single trade each day.
Teddi
Not sure about the private messages but I will take a look. Normally it takes time to repair this big a loss. Normally if you do not want to own shares I always suggest using a stop-loss where you will close out your trade in the event it goes against you. For example, you sell a put for $.50 cents and place a stop at $1.00 or $1.25 or $1.50, whatever you are comfortable losing. You then get stopped out if the put premium climbs that high.
I’ll look at your question and post some ideas. If you are thinking of this as a long-term trade you could go to the leaps for 2024 and sell the $100 call strike to bring in some quick income. It’s around $10 which would be a break-even as you indicated you are at $110 in cost-basis and would move you to $100 if the stock falls further. Meanwhile you could buy some long puts on bounces for insurance against a further decline in the stock. I’ll look at some other ideas but just like the PayPal Stock repair, a recovery will take time and I think insurance is a good idea. Just a personal observation.
Could have been a spike at that time or market maker had a trade to do. You could ask your broker but often they do not know either.
Yes this was done Dec 23, day of expiry. All the trades are listed on the trade article. Here is a link.
https://www.fullyinformed.com/members/apple-stock-aapl-million-dollar-challenge-trade-alerts-for-tue-dec-13-2022/As to the quantity, if you do not want 700 shares I would not place an offer for potentially a lot more shares for April and September, if assigned. I would want to reduce the cost basis for the existing shares or work on reducing the loss.
Do you mean you have earned $22.38 on these puts so your cost for the 700 shares is $130 less $22.38 = $107.62. Is this correct?
There is also this trade in Apple that I may sell more in if the stock tumbles to $132 or $130 this week. https://www.fullyinformed.com/members/5th-trade-alert-and-idea-for-wed-dec-14-2022/
Yes still holding them and did one trade on Friday as well.
Taking profits of 30 40 or 50 cents are still profits which all add up by the end of the day. Do this enough times during a week and you can generate a lot of profits. I would tend to focus on timing entry of the trade first and then take profits through the trade. Once you see consistent winning trades, then you can decide to try to stay longer in a trade for larger gains on an individual trade.
You mean support and resistance levels? These are based on the prior days levels that see a large amount of sideways action before a move is made up or down. I use the support and resistance levels as guides to when an uptrend could stall out or perhaps turn back down, and vice versa for support. I like to take profits on those signals. If the trend then continues, I can always setup another trade, but at least the profits are locked in from the initial trade. The concept of the strategy is not to try to time how long to stay. The idea is to time entry of a trade and then take profits as they appear.
Not sure on your question.
With your paper trades compare entry and exit times against those in the daily trade table. Then post your times here.
Hi Gary
I had the developers here today and discussed with them a setup where articles could be listed by year, and or topic, and or stock. They are going to look into some kind of a database to see what can be designed. I will let you know what develops!
Another way is to use the search feature. On the public or members sit type in your search term with quotes around it and once the search loads choose SELECT TO VIEW ALL RESULTS from the bottom of the search. Then scroll to the bottom of the search results page and click on the far right arrow which takes you to the oldest articles on the topic and scroll backward from there through the articles.
Hope this helps out. For now it’s about the best we can provide for what you are looking for. The search tool is the best way to find articles on specific topics.
I replied to your email on this subject but the email probably was lost in spam somewhere.
Go to the public website and under strategies in the navigation bar select the subject you are looking for info on. Then when the category opens, go to the very last page which you can get to by selecting the far right arrow and scroll through the articles.Usually I follow the strategy as outlined. I scale out of a trade which often may look like I captured a lot of the rise or fall but often its just luck as I keep moving the sell price as the trend continues. You can also place a stop as the trend gets underway, and when I can see that the trend is in my favor I place a manual stop and keep moving it higher.
I keep an iPad open just to keep an eye when I see a trend starting toward a signal either up or down. I find though that I can place my trade faster with the desktop computer than either the iPad or especially my phone. It could be my age, being older I like a bigger screen and the control the mouse gives me.
Teddi
Excellent advice! Thanks for the info. I am sure others will make good use of this.
TeddiI look at the prior SPY prices in the few minutes before the enter signal (up or down) and place offers to buy a couple pennies higher or lower depending on whether it is an up or down signal. Once the trade is entered and contracts bought I place offers to sell in groups of 5 or 10 contracts and start at 20 cents higher. So there is a string, 20, 25 30, 35 that sort of thing. I then adjust these higher or lower as the trade unfolds.
I have no experience using the SPY ETF hedge strategy with futures. I would paper trade and compare it with entry of SPX trades at the same time. Do they match up?
For those types of Treasury yields I am pretty sure you have to buy the treasury directly and it too will drop in value if interest rates keep rising, which they look ready to do. I would wait until at least November when the FED increases the rate again.
Yes we got that one and a few others fixed! Still working on TESLA.
Not really. I use the strategy outlined in the SPY ETF hedge portfolio. Remember for strong signals, include the Williams %R. Take care,
I imagine you can use it for other stocks. I know some investors who are using it to trade stocks and not options. Some have a lot of success with it. I don’t know any investors using the strategy for trading options on stocks. It works well with the SPY options as they are volatile enough to generate excellent returns. A lot of stocks are not as volatile intraday so I can’t see the strategy’s value for trading options on a stock unless it was quite volatile.