Conservative option strategies, what did you buy or sell today?

[fenders53]

(01-24-2021, 01:07 PM)vbin Wrote:

(01-24-2021, 08:07 AM)fenders53 Wrote:

(01-23-2021, 09:54 PM)vbin Wrote: How long far? I did burn some money on amazon recently. Volatility was too much. With a minutes 1k profit to 2k loss.

You just summed it up right there if the underlying is volatile like earnings can bring.  You can protect yourself further and of course give up the get rich quick part of it.  

And you get one warning point for posting this on the conservative options thread.

  kidding.

That was an agressive trade which I wanted to see if can be converted to less agressive, lol.

I think another way to play is just sell put on FB. The premium is ~ 4% for 1 week. I think this will go up( mutual funds buying agressive for earnings.). If the stock does drops, I am ok holding it for growth and then sell covered calls.

I like that trade a lot better.  I know you have high conviction in FB long-term.  I preach too much but I just don't see a reason to place a big bet on any stock you aren't a little passionate about.  I spend a lot of time messing with extremely boring stocks on a dip like WBA,KO and T, but I do just as well or better selling puts on stocks like MSFT, HD, GNRC.  Stocks that have a little more room to fall if things get rocky.  

And you can convert any trade to something more conservative.  There are very well tested mechanical methods.  That's the easiest way.