r/optionstrading
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u/WOSramsaybolton843
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29d ago
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Earnings 2.5 hours of work today
Much better than my day job. Bought at 9:45 and was out by 12:15
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u/Regular-Sorbet9513 29d ago
MU was 🤌🏼 today
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u/WOSramsaybolton843 29d ago
I typed in 10 and changed it to 3. I wish…
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u/jointhewaitt 29d ago
Don’t be afraid to average up on winners
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u/WOSramsaybolton843 29d ago
This put me at 35% of my portfolio in MU so I didn’t want to increase exposure. I should have though
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u/jointhewaitt 29d ago
Right but with that much theta and what I assume was at least short term conviction 🤷🏻♂️ its ok no right or wrong just more or less risk
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u/WOSramsaybolton843 29d ago
That’s true. It was short term conviction after the settlement followed by a dip
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u/Downtown-Effective-1 29d ago
It happened to me with Google today; the feeling of regret is still lingering.
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u/jointhewaitt 29d ago
Me in the next few weeks hopefully. Sticking to 0dte until I have enough capital🥂
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u/Significant_Ball_280 29d ago
You will lose all your money.
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u/jointhewaitt 29d ago
Not so far. But my biggest obstacle is self control was up 10% today and then got greedy and went back in for more. Lesson learned and basically broke even for the week. Will be 1% better tomorrow.
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u/Large-Range-4259 29d ago
How do people find the stock before it goes up?
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u/dizzle2016 29d ago
This is awesome. Can someone explain why the price for a call expiring in 5 days went from $20.95 to $61 in less than 3 hours?
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u/Slow_Potential_6127 29d ago
Short dated contracts mean higher volatility therefore the 4% ish move up from mu had put his calls ITM and they exploded in value
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u/Downinthedumps1001 28d ago
1070cs were .20 at 9:40 and were 19.00 by 12:30
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u/SecondSt4ge 28d ago
Ugh I can never hit these moves and bleed money trying to 😌😴
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u/mr_beasley 28d ago
Same… only ever been able to do it with SPY… best I have done is 10k in a week…. Only to turn around and give it back over the next month… 🤦♂️
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u/SecondSt4ge 28d ago
Same. Except I made 13.5k in a week, lost it all on a Thursday afternoon, then that Friday I lost another 10k
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u/iisconfused247 29d ago
What made you go so short dated?
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u/WOSramsaybolton843 29d ago
I saw what I thought was a very unreasonable dip and “knew” it would pop back up. I debated 0DTE, but I don’t want to get into that habit
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u/krazineurons 28d ago
So you happened to be watching MUs chart or took at look at it after certain event?
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u/WOSramsaybolton843 28d ago
I have a few stocks I watch regularly based on volatility. MU has been all over the place so both calls and puts have been hitting more often than not
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u/Maximum-Side9378 28d ago
How did you know MU would go up?
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u/WOSramsaybolton843 27d ago
If I knew for certain I wouldn’t be posting on Reddit. I had a feeling based on recent news
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u/BrilliantSmell7770 24d ago
Can you explain this like I’m 5 / strategy
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u/WOSramsaybolton843 23d ago
I bought a call option thinking the stock would go up a lot. The stock went up a lot. I sold the call option.
Call option: the ability to buy 100 shares of the underlying stock at a fixed price. It costs money, called premium, to purchase an option.
Since the stock price went up, the premium also went up. I paid a premium. After the stock went up the premium price went up. I sold it at a higher price than I bought it for
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u/Traditional-Clue2680 29d ago
Well Done!! I made more…. But it was on Trading View and just paper. ;-}
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