nomadic_m
09-26

I'm attempting $Tiger Brokers(TIGR)$ Easy Sell Put feature via demo...

honestly, I have no idea what I'm doing 🀷. maybe options is not for me...

post updated - looks like winning!

Modified in.09-27
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Comments

  • SPACE ROCKET
    09-26
    SPACE ROCKET
    Aww babe, if COIN closes above $160 tml when market closes, then you would have pocketed the full $71 that you've gotten when you sold this put.

    It it falls below $160, you have to use 16K to buy COIN at $160. And if COIN closes at $140, you make an immediate paper loss of $2000. However I think it's unlikely COIN falls that low tml.

    The loss you see here is because you didn't sell the put under optimal conditions. Typically, puts become v worthy when COIN is dropping. So perhaps you sold the put on COIN when COIN is on the rise, such that when COIN closes in the reds towards the end of the day, you start to see your puts becoming red. Such that if you want to buy the put back to close your position, you now have to pay $99 to close it. Since you receive $71 from the sale, but pay $99 to close it, you're making a slight loss of $28 (based on yst's closing price). On one contract, it's nt very painful if you anticipate a drop of COIN to say $140 tml.

    • SPACE ROCKETReplynomadic_m:Β 
      Yay! Happy for you! πŸ˜€ One step closer to trading options babe! 🫢🫢 Haha my CONL's avg is around $28+.... I didn't manage to avg down enough πŸ˜…πŸ˜†
    • SPACE ROCKETReplynomadic_m:Β 
      Haha no worries sis! ❀️❀️ And you're welcome!! 🫢🫢🩷🩷 In real life, if you anticipate COIN dropping very low near expiry, no choice buy the put option back at a loss. Better than taking huge paper losses if you get assigned / early assignment πŸ™ˆπŸ™ˆ
    • nomadic_mReplySPACE ROCKET:Β 
      yup πŸ’š.
      you must be dancing in green too with CONL πŸ’š
    • SPACE ROCKETReplySPACE ROCKET:Β 
      @nomadic_m your put would likely be in the greens now right babe? cause COIN rose much higher than yst's price... super far from $160 SP.
    • nomadic_m:Β 
      thanks darling. it's looking good now. in the green. thanks for explaining to me πŸ’š

      if it's not demo account, I'd be in so much trouble to spend 16k on coinbase lol

  • hellohly
    09-26
    hellohly
    ζˆ‘δΉŸε‡†ε€‡θ·Ÿιšι‚£δΈͺε°θ€θ™ŽδΊ€ζ˜“δΈ‰ε€εšε€šεŠε―Όδ½“ηš„ζœŸζƒγ€‚ηœ‹ζ₯ζˆ‘ηš„θ¦η”¨ζ¨‘ζ‹Ÿη›˜δΊ† [ι¬Όθ„Έ]
    • nomadic_m:Β 
      yup. good luck with SOXL. it's riding nicely
  • Happiness.
    09-26
    Happiness.
    Ohh let me check. What date did you sell this put option?
  • boomer9595
    09-27
    boomer9595

    Great article. Can I share it?

  • Barcode
    09-27
    Barcode
    Better to be a bull 😊
    • nomadic_m:Β 
      lol. I'm waiting for tiger's future new feature "Easy Buy Call"
  • nomadic_m
    09-28
    nomadic_m
    hey @SPACE ROCKET @Happiness. pretty sure this is a stupid question...

    The $COIN 20240927 160.0 PUT$ & $NVDA 20240927 119.0 PUT$ supposed to expire today. do I need to close it? or leave it to earn the premium? lol

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