$Advanced Micro Devices (AMD.US)$ i received a couple of fee...
$Advanced Micro Devices (AMD.US)$ i received a couple of feedbacks on how to put. honestly i think planning your trades ahead is important. i speculated that today it will come back to 140 retest. so once 143 was broken (usually i use 5min chart. every 3rd min out of the 5mins is usually where the real move will show. (yes i used to day trade alot earlier this year). first 30-40mins of the trade usually doesnt tell much. so the moment 3rd min, i see a clean break from 143 (know the key levels well). i know is where i have to get my puts = = .
put option wise i usually get 0.6 delta. the closest ITM expiring this week (cheaper). to hedge. so 0.6 delta = 60 dollars gain for every dollar it dropped. so if you have 100 shares for example.. you may want to get at least 1 or 2 contracts depends how much u want to hedge. usually i do 1:1 ratio.
put option wise i usually get 0.6 delta. the closest ITM expiring this week (cheaper). to hedge. so 0.6 delta = 60 dollars gain for every dollar it dropped. so if you have 100 shares for example.. you may want to get at least 1 or 2 contracts depends how much u want to hedge. usually i do 1:1 ratio.
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Naiyin : Do you hold the put to hedge or you close it by end of the day?
pootpoot OP Naiyin : I cut off at 140. if I see the trend continue breaking down, I reload those puts again. because below 140 isn't the plan today... I hope.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
pootpoot OP Naiyin : usually when u start to see the curve, its trend change. where u want to cut off your hedges first. more or less i think it will come back to retest 140 again later before closing around 140.6 - 141. have to see where the priceaction goes.
Naiyin pootpoot OP : awesome