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!

# Have You Ever Tried Demo Account?

Modify on 2024-09-27 16:59

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  • SPACE ROCKET
    ·09-26
    TOP
    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.

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    • SPACE ROCKETReplying tonomadic_m
      Yay! Happy for you! 😀 One step closer to trading options babe! 🫶🫶 Haha my CONL's avg is around $28+.... I didn't manage to avg down enough 😅😆
      09-27
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    • SPACE ROCKETReplying tonomadic_m
      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 🙈🙈
      09-27
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    • nomadic_mReplying toSPACE ROCKET
      yup 💚.
      you must be dancing in green too with CONL 💚
      09-26
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  • hellohly
    ·09-26
    TOP
    我也准备跟随那个小老虎交易三倍做多半导体的期权。看来我的要用模拟盘了 [鬼脸]
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    • nomadic_m
      yup. good luck with SOXL. it's riding nicely
      09-26
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  • Happiness.
    ·09-26
    TOP
    Ohh let me check. What date did you sell this put option?
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    • nomadic_m
      yesterday I think
      09-26
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  • boomer9595
    ·09-27
    TOP

    Great article. Can I share it?

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    • nomadic_m
      sure. good luck 🍀
      09-27
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  • Barcode
    ·09-27
    TOP
    Better to be a bull 😊
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    • nomadic_m
      lol. I'm waiting for tiger's future new feature "Easy Buy Call"
      09-27
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  • nomadic_m
    ·09-28
    TOP
    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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  • Happiness.
    ·09-26
    Good test baby 💚🩵😇
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  • nomadic_m
    ·09-26
    @Happiness. any idea?
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    • SPACE ROCKETReplying toHappiness.
      Good luck with your trades too sis!! 🩷🩷🍀🍀🫶🫶 Earn loads of money! 🩷🩷
      09-27
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    • SPACE ROCKETReplying toHappiness.
      Hehe sometimes I close my expensive premium ahead of time.It depends on market sentiments etc. E.g.if I didn't buy my expensive premium back at $1.5K, with $1.5K profit for SMCI's put of $650 (when the stock dipped from $980 to $875), expiry tml, I would have been assigned and be deep in the ❤️s.
      09-27
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    • Happiness.Replying toSPACE ROCKET
      Hi, thank you. Yes this is what I do as well; but for expensive premium I usually wait for it expire worthless if I can thank you so much for your sharing. 🫶🏼🩵💚♥️🍀 good luck with your trades more sis
      09-27
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  • Oh dear

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    • nomadic_m
      lol. it's demo. plus, it's turning green 💚
      09-27
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  • Sonsonkok
    ·09-27

    Great article, would you like to share it?

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  • KS Tan
    ·09-27

    Great article, would you like to share it?

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    • nomadic_m
      thanks. good luck 🍀
      09-27
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  • Sonsonkok
    ·09-26

    Great article, would you like to share it?

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    • nomadic_m
      thanks. good luck 🍀
      09-26
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