RichieRick "Do you always buy options in the money?" Yes. I expect to be out of my trades in about 1- 2 hours so why buy out in time? Yes, I found it a waste of my money to buy out in time because I do not trade "to hang in there". I fully expect to be out of my trade quickly. If you are trading using earnings or splits, then buying time makes sense. I do not use weekly's (hate them) and more often than not I do not trade on expiration Friday or the Monday after unless I really see something. Today (1/18/22) I bought 5 FB 320 put contracts @ 10:36 for $5. It was really one of my harder trades because FB had already moved so much. However, I believed I could pull a profit in the trade because of the moving averages. As soon as I got in the trade, I was up $125.00 but I could see based on the 8 chart and 20 moving average AND that NASDAQ was getting slapped big time I could ride this trade for at least .50. I put in a GTC for $5.50 and was sold out at $5.75 at 11:32. I trust my moving averages.
Edited 3 time(s). Last edit at 01/19/2022 09:53AM by Darcy3.