I'm aware that this grand website mostly revolves around the discussion of small-cap stocks, and penny stocks, but isn't it also to help us grow? Profit.ly is a community of highly knowledgeable people, each and every one of you, and we all help each other become better traders. Almost every member on this site could go on and on about the trading of penny stocks, but what about options? This is where a portion of this huge community could use their knowledge to push others ahead in their trading career. With that being said, it would be beyond highly appreciated if anyone with experience trading options could share their knowledge with my by commenting, or emailing me at "pwianscalzo@gmail.com".
Thank you all so much in advance,
Ian
Obviously the option reflects the stock, so you're saying you hold long(call) or short(put) based off of the overall performance of the stock, and that has worked for you? I'm also confused on how the value of stock goes down, but the bid and ask of the option increases.
Not based on the overall performance: I look the stock chart to see where the price is at (resistance, supports, channel uptrend, channel downtrend and etc), I also look at stock volume, catalysts and, most important, how liquid de Option Chain is and the option interest at the strike price Im interested. Options price acts different with Puts and Calls, all based upon the strike price: for a Call with a 50 strike, the price will go higher when the stock price goes higher than 50; for a a Put wi
for a a Put with the same strike, the Put price will go higher when the stock price goes lower than 50.
Profit.ly had a couple option traders a long time ago but they didn't last long. About a month ago, another user asked about options. http://profit.ly/user/DaMicroTrader/blog/any-notable-options-traders-to-follow
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