Stock Options and Investing 101 will be a total of 3 classes.
· July 11th at 9am EST - How to Allocate Cash in a Portfolio, LEAPS
· July 18th at 9am EST - Advantage of Using Option Spreads
· July 25th at 9am EST - Running the Wheel Strategy
Date and times are subject to change.
The goal of this series of classes is to take a beginning trader and build a working level of understanding in basic to intermediate options. I will also set aside time for question and answer. I expect the sessions to last from 45-60 minutes. My recommendation is to understand how calls and puts work before taking my 101 class.
Short Term Options: (Waiting for Triggers) $CAT $TTWO $QQQ $UDOW $DFS $SPY $MS $SHOP $AAPL $PYPL $AAP "The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett. “In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” -- Seth Klarman Long Term/Swing Trades: BTC: Target $60k; Entry <$30k; Risk 4 GEVO: Target $11; Entry $6; Risk 5 ARKG: Target $100; Entry $75; Risk 3 NAIL: Target $115; Entry <$80; Risk 3 COIN: Target $350; Entry <$250; Risk 4 FAQ
Risk is on a scale of 1-5 with 1 being the least risky and 5 being the most risky.
This Watchlist is always evolving and updating.
This is meant for educational purposes only. You need to do your own research and make decisions on which type, if any, positions you want to enter in.
For more information including technical and fundamental analysis, see the blog.
Some profits are better than no profits! For options, I usually take profits at 25/50/100% and let the rest (if any) to ride until closer to expiration. Don't wait for me to close out! When your position reaches +25% profit, close out a portion of you position. Do that at 50% and 100% as well. Ex. If you have a position of 4 contracts. Sell 1 contract at +25% and sell another at +50%. Sell the other two either at 75/100%. Or leave one to ride all the way until expiration. You should watch your own positions and do what you feel comfortable with. After all, you are responsible for your trades.
My personal recommendation is to only allocate 5-10% of your entire portfolio for options trading. If you are working with a small account, you might choose to use a much higher percentage for options trading to initially build up your account balance.