/biz/ - Business & Finance

>How did you learn.
The boring way. I read about the basics, became familiar with the terms and watched videos explaining options. After I was "confident" I bought options on a paper account. First call went to shit but after I made profit off the next 3 calls I started trading for real.

>How much are you earning?
On average about $1000 per month. I'm not obsessed with options but if I'm confident a company will be on a bull run in the short term I'll buy 1 or 2 calls. 3 out of 5 calls make me money. I quickly cut my losses on my losers. 75% of my profits go back into my core ETF's.

I'm very much a set it and forget it investor; buy and hold is my bread and butter strategy, but I do think at least learning about the different types of options would be beneficial to most.

>>15785780
ive been doing short premium/ long theta for a few years, just dont ask me about 2018

>Halfway learn how to chart
>Use volume profile
>If markets are down, buy ITM calls at 2pm expiring two fridays from current day
>if markets are up, buy calls at 2:55pm to buy calls expiring two fridays from current day

Markets are designed to go up. All you need is SPY, QQQ, and a couple hundred bucks. I average $100 a day just by doing this strategy. Keep in mind this is an AVERAGE. I do not make $100 everyday.

>>15786075
Forgot to add when to sell.
Just use the charts and sell at resistance. Wait for next dip and buy ITM calls.

Always have a place where you feel like you'll never recover. For instance, If I'm in 295 calls and spy touches or goes below 294, I'll either take the loss or try to day trade out of it. I rarely hold a losing trade overnight.

>>15785780
>Who here is trading options
Me
>and profiting
Nevermind

>>15786012
Do you have a job or a neet? 1k is enough for me to neet it up until i need to up the 1k some more.

>>15786075
So how much you average in a month? Are you a neet?

>>15786122
I've been "unemployed" for years.
I actually just got a job but that's only so i can really start putting money back and I don't have to live off of trading funds. The real money is in selling options, so I'm trying to reach that $50k account size so I can sell credit spreads for easy cash

>>15786122
Yup I plan on working (factoring a recession into the mix) for 10 more years.

Options are a nice addition to my income BUT I would never want to rely on them to get by.

>>15786075
>if markets are down, get long
>if markets are up, also get long
>sell at 'resistance' even tho I just said it only goes up

based

>>15786154
It's true. This shit will work until it doesn't. In the meantime I'll continue to profit off this pig

>>15786138
Congrats anon. Recently became a neet after quitting my job cause I hated it. Hated the job before that one too but it was more bearable cause it was less than a 25 minute drive but my supervisor was an unbearable woman that had me as a go to guy and gave me a mediocre performance review that likely affects getting other positions within the organization and was always asking for updates even when I proved that I can do a better job than her.

>>15786139
Ahh okay I see. Am assuming a recession or depression within near future.

>>15786154
Lol

>>15786031
>short premium/ long theta
?
selling premium aren't you short theta?
As in your selling theta decay?

>>15786095
>Wait for next dip and buy ITM calls.
how many days to expiration?
I usually buy leaps so 300 days +

>>15786138
>The real money is in selling options, so I'm trying to reach that $50k account size so I can sell credit spreads for easy cash
this!

>>15785780
Im currently trading options for moonshots.
My goal is a 3 mil account size, then just sell options 90% of the time for income.

This 35x trade on NUGT occurred in the last 6 months.

Has anyone had some moonshots using options? My biggest is 44x on OTM SPY options

>one post by OP
>6 retards reply
always the same. Anon falls for bot like flies fall for a honey trap

>>15787012
>always the same. Anon falls for bot like flies fall for a honey trap
how do I KNOW YOU ARE NOT A BOT?

>>15785780
>profiting
Wrong board newfren

>>15786138
Selling options is risky af. It might not look like it, but it is. I have years of experience, and as it looks all good and dandy one day out if the blue something will go wrong and youll lose everything. Dont believe this guy

>>15787091
>and as it looks all good and dandy one day out if the blue something will go wrong
sell premium on etfs to reduce this risk
what do you do instead anon?