Hey all, I am new to trading options, have been buying calls for the past week. I am trying to be as conservative as can be, as I am not taking anything out. I am investing 50% of earnings into ETFs and then buying new options with the other 50%. This week I have won 800$. I have not let any go to expiration, and sell out as soon as I hit 50-100% return. So far I have only traded spy,99a, nvidia, rivian, and lucid. I have not lost yet. Though I was down on spy -170 and sold today before expiration for only +14.
For those of you that have been doing my this for awhile, is it usually like this? Or are we in an extremely bullish market these past two weeks?
Obviously other than the past two days.
Another question I have since I haven't ventured off on puts yet, how exactly do they work? Do I have to buy the contract at the end? Or like calls at l able to sell out for profit? Thanks a lot, sorry if it sounds dumb. I'm new to this
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