Expert? Me? I'm just as new to this as you, if not more-so. The problem is that there's no exact science to setting the strikes, the best we can do is look at past earnings gaps, ATR and current volatility, then make a somewhat educated guess.
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You're the expert! I am so gun-shy...I move my strikes out so far the trade almost isn't worth it. I'm looking forward to comparing/contrasting.
ReplyDeleteIt's awesome seeing some of your trade ideas too.
Expert? Me? I'm just as new to this as you, if not more-so. The problem is that there's no exact science to setting the strikes, the best we can do is look at past earnings gaps, ATR and current volatility, then make a somewhat educated guess.
ReplyDeleteClosed out this morning for a 25 cent gain. I would've stayed in longer but it was headed toward my lower strike pretty quickly.
ReplyDeleteI don't like choosing strikes...that's so tough for me too.
ReplyDeleteIt's good that you got out before it hit your strike!