pootpoot
OP
Davidzed
:
i bought the day i shared the post about inverse head and shoulders on weekly chart and daily. i think my underlying price was 169.5 or something like that.
pootpoot
OP
Davidzed
:
it's by delta. my delta is 0.7 now. so every dollar it goes up, I gain 70 dollars. theta is my decay. 0.05 means I lose 5 dollars everyday to maintain this option. the more in the money your option is, your delta goes up
pootpoot
OP
Davidzed
:
options are a good way to enhance your profits in many different situations. for me because I own Google stock at a decent price. so its pointless for me to add positions. call option becomes the perfect choice.
101879078 : damn you are making money everyday
Davidzed : What strike price and expiry
pootpoot OP Davidzed : i bought the day i shared the post about inverse head and shoulders on weekly chart and daily. i think my underlying price was 169.5 or something like that.
Davidzed pootpoot OP : Isit option? Why isit 11$ avg price but u mention 169.5 how does it work?
pootpoot OP Davidzed : its a long call option. because it has lesser decay . usually for long moves depending on your view on google.
pootpoot OP Davidzed : average price is the premium when i bought it. it means i bought it was 1105 dollars. now its worth 1650 dollars per contract.
Davidzed pootpoot OP : So if current price is 173 then its worth 1730? And long call option usulallt will go up?
pootpoot OP Davidzed : it's by delta. my delta is 0.7 now. so every dollar it goes up, I gain 70 dollars. theta is my decay. 0.05 means I lose 5 dollars everyday to maintain this option. the more in the money your option is, your delta goes up
pootpoot OP Davidzed : options are a good way to enhance your profits in many different situations. for me because I own Google stock at a decent price. so its pointless for me to add positions. call option becomes the perfect choice.
TK Lim : What is ur portfolio?
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