ChristWithinU 挖宝的海盗: I want in on the extra 100 too to add to my INTC put position which just happened to be 30.50 expiring Friday lol

ChristWithinU webguybob: me too. I have some knowledge and had a very successful 1st try last week. I bought 1 ARM put option contract on March 9th which cost me 860.00. the stock price was I believe 132.+ at the time but by researching ARM, I learned that 90% of the shares were owned by SoftBank and not allowed to sell any of those 90% until March 12th. That meant to me that the "spike" in the price was from only 10% of any other type of investors from retail to hedge funds. Now to shorten this, the amount of shares held by S.B. had the potential at that current price could triple the total value of S.B. and IF they did even try to double their worth, it would flood the market with sell orders crashing the stock. Lots of math experiments with percentages sold into dollar amount reduction showed me a worst case scenario of a drop to 120., an average drop would be 100.00, then a decent drop would be 80-100, and best case would drop to 45-50 per share. I took the average for hopes of if it went lower than the average then it would be more profitable. The statement of "Bulls get paid, Bears get paid but Pigs get slaughtered" reminding me that greed kills if one holds out to long for a bigger profit.
I then had to decide how long would it take to drop that far to make my contract pay out for me. I chose 3 months, June 21st. I figured that it SHOULD happen right away but if the bank WAS a "Pig" like most banks, they may not sell until it rose to closer to 150.00 where it potentially would be 5x its asset value instead of 3x where it was. I also figured that with it tied pretty much to NVDA and it was climbing then, that the sell off would be quick once initiated. On Thursday and Friday of last week, the ARM stock price crashed a lot, bringing my price target alert to activate at 9:31 am Friday. I

ChristWithinU : watched and waited until noon to see if it would continue to drop. It dropped from the 100 target price to 92 by then and was bouncing around hitting 96 and back to 93.. I decided to sell the contract. It sold at 14.05 (which I bought at 8.60). My profit on my 1st put option contract was (after transaction fee) 544.66. I was super pleased to have a gain of 544.66 but.. if I DID hold out like the pigs, it dropped to 87.+ per share and doing the math on that amount told me I would have made an additional 675.50 if I sold closet to the end of day than at noon.
while it does bite me in the ass not waiting longer to get 1226.16 total profit, I am still ok with a 544.66 gain. I did NOT have these bracket positions or stop losses in place. I did it all "manually" by watching the market but I definitely would have slept easier with then which is why I am learning as much as possible before I do more. Best of Luck my friend

ChristWithinU ChristWithinU: continued into 2nd comment.. sorry

ChristWithinU xiedafu: yes, there is a way to set both the top end "sell" price and to put a stop loss on when it drops. I am still learning that particular move set and there is a name for it.. I forget but I am actually working on that this minute to find it. it is a percentage above buy price that we set and it will sell once the percentage is hit as well as a stop loss where when it drops to a certain price, it will also sell for our protection

ChristWithinU ChristWithinU: I have been extremely busy tied up recently with a devastating loss in the family. I am the one they are all turning to so it has taken a lot of my time and slowed my stock time. That also makes what you ask very important for me to get done as well as then I can share it with you

ChristWithinU : I am torn in what Tesla will do in price actions. I had taken out a call option for 170.00 that now expires next Friday. I believed it would rise but then earnings hit with negative data. I expected it to crush me into the 130s then yet it rose to 166+ and had me excited I may make my target until it suddenly "stopped". While it has a downward trending pattern, I still hold out hope for my price to hit. God willing it will make one last push to 175 before next Friday for me but the realist in me says I am taking a big loss next Friday as it lost the momentum it had going upward. I may buy a put to counter the call loss

ChristWithinU : It will stay around its levels now but in my opinion I think it will go up slightly over going down especially with the WWE contract announcement for adding their flagship program to their network

ChristWithinU : 5000 divided by 600 or so.. man.. they teased us with "50".. 600 is around 8 not the 100 with only 50.. but.. I guess "8 is enough" lol