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01-10-2017, 12:24 PM | #571 |
MVP
Join Date: May 2001
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I am not bullish on oil at all right now. I think we struggle to get over 55 and on towards 60. Too much blustering BS going on with pumping nations. All of them are pumping more they they say. And I don't see it ending anytime soon. I do not think we will see the gains on oil like we saw last year. Of course I could be very wrong and oil make another 45% gain this year.
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01-10-2017, 06:30 PM | #572 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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01-10-2017, 06:32 PM | #573 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,749
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01-10-2017, 07:56 PM | #574 |
MVP
Join Date: May 2001
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I made a $3600 investment in Monday that expired on Jan. 27th. I cashed out with $5800 on Tuesday with that one position. I'm sure that is not over your head.
And boy do I wish everyday is like that. But unfortunately it is not. Options are just a fun game I like to play. |
Posts: 18,223
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01-11-2017, 12:35 PM | #575 |
MVP
Join Date: May 2001
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Just bought back into BAC. 23 calls, expire on Jan 20th. Paid .39.
Pretty much same position as last, just a week less time. Same strategy. Be out of them by this Friday morning. |
Posts: 18,223
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01-11-2017, 03:02 PM | #576 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,088
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01-11-2017, 03:05 PM | #577 |
MVP
Join Date: May 2001
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Posts: 18,223
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01-11-2017, 03:11 PM | #578 |
MVP
Join Date: May 2001
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At close this was at .54. Bought in at 12:25-12:30pm for .39. 34.62% gain in 2 and a half hours. I look at that gain as insurance in case tomorrow BAC goes down a little. Set up for Friday morning earnings to make the option price spike in the morning. I should be out by noon. If not, I have till the 20th to make a decision. But I don't really to want to hold this position over the weekend.
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01-11-2017, 05:20 PM | #579 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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What brokerage provider are you using?
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01-11-2017, 06:11 PM | #580 |
MVP
Join Date: May 2001
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01-12-2017, 09:42 AM | #581 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I play options to hit a home run or grand slam. I see it as 100% risk dollars as I have no hedging strategies to offset any losses nor do I write options against stock.
I buy puts and calls only, not index options. I had one good hit last year with Nuance, NUAN, made $11,400 on a $1,500 investment. I've also lost a TON of money since 2009, all risk dollars. |
Posts: 52,239
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01-12-2017, 10:58 AM | #582 |
Keepin it Real
Join Date: Sep 2004
Location: Oklahoma
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Anybody see Amazon came out with a new card with 5% cash back on Amazon purchases. We use Amazon a lot and was thinking about getting it.
And yes, we pay off monthly. |
Posts: 10,497
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01-12-2017, 11:45 AM | #583 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Our card for personal stuff is a Cabela's CLUB card. Which I'm going to dump because Bass Pro is rolling that business into Chase. I know a lot of people at WFB... |
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01-12-2017, 11:56 AM | #584 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
It used to be 3% amazon/2% some categories like restaurants, etc. 1% everything else They modified it to where non-prime members get 3% but prime members get 5% now. Pretty sweet.. I'm assuming they'll get rid of the Amazon Prime Store card that used to give 5% off at Amazon with nothing else. |
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01-12-2017, 12:16 PM | #585 | |
MVP
Join Date: May 2001
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Quote:
Options are just a fun game to me. I don't really care about losing too much because it is going to happen with options whether you like it or not. I try to limit losing by taking short, less expensive positions. OF course there is more to it than just that. But nonetheless, if I make money, great!. If I lose, I hope to learn something. I do not concern myself with any fees either. That is just part of the game. I will say I have made more money than lost. But most of that has just come down to luck. |
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