Getting ready to SWING on the upside...

TNA

I like to learn from your options trading.
You bought SPY 1/8/2016 206 call at price of 1.44, the closing price is 0.97 per yahoo finace quote.
Is this right ?  

luckystar2006

TNA 发表于 2016-1-3 04:52 PM
I like to learn from your options trading.
You bought SPY 1/8/2016 206 call at price of 1.44, the c ...

There isn't really anything to learn about my option trading method because I'm getting more conservative as my portfolio is getting bigger.  Like I said before, the only times I tend to make big/huge profits is when all the stars align (i.e. both swing signals and short-term signals confirming each other.)

Likewise, I swing up and down with 3%-5% to make a living, but these trades tend to carry high risks when short-term and swing signals don't align.  Last Friday's trade is an example.  I might get out of that trade (it is out of money right now) once swing signals switch to the sell side or I'll let it expire by this Friday as a loss trade.

TNA

Thanks for your kindly response.
I am building a system for swing trading SPY/QQQ, now I like to trade options instead of ETF such as SPY/QQQ which are kind of slow (less % change).
I know for options, the maximum loss for each trade is pre-determined.
Do you trade SPY/QQQ options only or you also trade single stock options ?

Thanks