Quote:
Originally Posted by scho63
I've had a lot of **** ups in the options market but today I finally settled for tripling my money with AMZN call options that I bought yesterday and sold today as it closed in on it's high. I usually get greedy and not only lose all my profit but my original investment.
Had 25 of the $182.50 calls that expire this Friday with a cost basis of $76.63 (.76) and sold for $247 (2.47)
Tomorrow there could be a big move after the jobs report at 8:30am Eastern time.
Looking at the QQQ options.
Bought some more BDN REIT for dividends. Over 15% yield. Dividend was recently cut so I think it's safe for the short term.
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That's a nice looking profit on that AMZN option. Good job.
What I notice about trading options is that I will day trade/scalp options for 10-20% gains when the market is choppy. Sometimes this is a buy and sell that only takes 5-10 minutes. If there's good direction or better setups, I will swing them a few days out. I did a META call on Wednesday near close and sold this morning for a 200% profit. I sat out the rest of today and I am glad I did.
I have a CVX option that I have held for a week that's up 66%, I sold 50% for profit and will hold the rest longer than most with oil pumping.