ofcandlesandsticks wrote a post · Mar 7, 2024 11:52

Using options to take a break

Yesterday was a day of heavy trading, so I think it’s time to take a break.

I sold 36 contracts expiring for a premium of $972 instead meet my daily desired profit of about $500 a day.

It seems like $JD.com (JD.US)$ should climb higher but if it doesn’t, I will the assignment for trading next week, or a covered call for a nice premium to cover the desired profit.

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104126788 : Please tell me how to put in cycle rights? call?

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ofcandlesandsticks OP 104126788 : Start with selling an out-of the-money put.

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ofcandlesandsticks

Financial consultant by day, day trader by night. I’m 12 hours away from EST, so technically, I’m a night trader.

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