instead of buying the stock, decided to enter this option. If price rally, I will get full premium. If price drop near $80, might roll for another 2-3 weeks or can consider holding the stock for long term $CRWV 20251128 80.0 PUT$
A mistake most people will make. Greed. Have a target price to close the position but due to greed, hold longer and in the end, the price reverse and profit became losses. Nowadays, have learnt to take profit along the way. Secure profits always better than losses at the end of the day
Something new that I learn due to this post. I won the option handbook from previous contest and haven’t received it yet so I will sit sideline and observe what will happen on this day. Maybe the next witching day, I will have a plan!
Started option trading like 6 months ago and it open my eye to a whole new world. I’m learning something new every week for option trading like vertical, using it a a hedge for my short/long and getting the right entry price. Learning to roll my option, looking at the entry price and the expiry date and more! I like to learn a lot more and have been trying to get more coin to redeem the book. Will be nice to win it now so I can even explore more!
"Sell the news" is what I forsee and with that in mind, I decided to go for a calculated bearish trade here. Capped max loss if huge jump but price I'm targeting here is $160-$170. $NVDA VERTICAL 250829 PUT 165.0/PUT 175.0$