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The daily Put option strategy

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Step 1 - buy daily puts at the start of the session 1% out the money (basically above the line on the platform)

step 2 - profit

*nb: vast over valuation of stocks required and exponential growth on nCoV deadly virus V useful

discuss....

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Step 1 buy

Step 2 add a limit to sell at profit😉

Step 3 the "guy" on the other side make a loss😉

 

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GUYs cover yourself! looking at indices both US and UK

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think about buying a put. I go fo dailies as they're so much cheaper as expiry is close (we're all day traders aren't we).

On the FTSE this OTM put is 53.6 points. Basically 50 quid to cover yourself if you're already long.

image.png.39ed9a948bb5f051f1d116123f5ca9a5.png

Maybe i should make a new thread

 

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Im not sure about the IV on some of these options, FTSE @ 90%, wall street @ 105%.

Might be better to sell the option, delta hedge, collect the time decay. Ive not tried anything like this on a spreadbetting platform though.....

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you're right IV is huge - just look at the VIX, its absurd. 

sell far dated 

buy the dailys

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2 hours ago, trade247 said:

Step 1 - buy daily puts at the start of the session 1% out the money (basically above the line on the platform)

step 2 - profit

*nb: vast over valuation of stocks required and exponential growth on nCoV deadly virus V useful

discuss....

Did you close it with profit

or waiting for more profit?

Exit is imoprtant trading options they move very fast

 

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