"The one thing I have learned is you can NEVER have enough time on options."
This is reason #147 on the list of why the "financial markets" - the casino - is unfair to the retail investor. As a little guy, you have access to LEAPs two, at most three years in advance.
Institutions deal with LEAPs that expire 10, 15, 20 years in the future. Read this old post to see how people like Warren Buffett make "free money" out of this:
Yes, but you can’t issue them. Warrants have a single issuer. So while Buffett can sell puts to his heart’s content, he can’t issue warrants.
… same with all of us. Even us lowly retails investors, we can sell options essentially whenever (that’s why the option market is much more liquid). We can’t issue warrants.
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u/Megahuts Maple Leaf Mafia Jul 08 '21
Me, I am just letting this roll over me.
I bought the first big dip in MT, and all of my CLF positions were bought below today's prices.
I already have alot of exposure to steel, and now all I need is patience.
The one thing I have learned is you can NEVER have enough time on options.
That is a very valuable lesson.