How to pick option strike prices?
I think we can make use of analyst ratings under the stock quote to find out roughly how much we should put as the option strike price
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Stock_Drift : I paper traded for a year before I went live with real money. Glad i did that. Learned a lot.
mr_cashcowOP Stock_Drift: Yes paper trading is great for trying out investing without the fear of losing real money
Stock_Drift mr_cashcowOP: Sure!!
小trader : Do you look at analyst’s rating when deciding your strike prices? It is effective?
Tonyco : lol that meme was def me come weed week. Lost all of them because I waited too long
mr_cashcowOP Tonyco: Oh yes sometimes I do hesitated to take some profit...
mr_cashcowOP 小trader: Use it as a rough guide as many other factors or sudden development like for example the recent Taiwan earthquake causing TSM to halt chip production may affect stock prices