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THE DAY-TRADING DAZZLE OF 3/6/21 -BUYING OPTIONS UPDATED
THE PUT TRADE — Friday’s 281put for 149% gain.
This chart is set to display return per $1K in play in the white flag or horizontal line on the right axis (the #1Kdaytrade on Twitter), and the #10Ktrade in dollars in the green flag or horizontal line on the right axis, which also makes for easy percentage calculations.
THE CALL TRADE — Friday’s 274call for a 79% gain.
This chart is set to display return per $1K in play in the white flag or horizontal line on the right axis (the #1Kdaytrade on Twitter), and the #10Ktrade in dollars in the green flag or horizontal line on the right axis, which also makes for easy percentage calculations.
THE TRADING STRATEGY
There are so many options strategies in the stock market the head spins — a straddle, a strangle, a naked and/or a covered put and/or call, a calendar, a condor, an iron condor, an iron butterfly (isn’t that a rock band?) and any combination of any of these for hedging purposes, for capital appreciation or preservation, for gambling. Mind boggling.