Jay

Breakouts, Premium Selling, Options and stock market. Trading is all about probabilities. My posts are not financial advice!

[Jay @Stockjay123]

Options should be used as a way of reducing your cost basis on shares of stock.

Stop buying calls and puts so aggressively that’s how most traders lose in the long run. If you do buy options use $SPY and have a 6-18 month time frame and trade what you don’t care about losing.

Options are designed either as a hedge or for premium selling around your stock position.

Once you accumulate 100 shares of stock you can start selling premium against them to increase your ROI.

You should use strategies like covered calls, ratio spreads, the wheel, covered strangles and collars.

I’ll have a post coming later on covered call basics.

[Jay @Stockjay123]

@jd2iv @Invest_Brandon Do better at what? I’m not talking shit I’m asking an honest question. The premium he collected times the number of contracts do not add up. That’s why I’m asking. Answer my question before you come at me. 🤞

[Jay @Stockjay123]

@jd2iv @Invest_Brandon 94,95 x 5 is 47k not 65

[Jay @Stockjay123]

@Invest_Brandon Are you forced to sell stock to free up cash to take assignment

[Jay @Stockjay123]

@Invest_Brandon What’s the max you would go of your portfolio in puts

[Jay @Stockjay123]

@Invest_Brandon What max percentage of your portfolio is secured

[Jay @Stockjay123]

@Invest_Brandon If you are forced to close out your put for a loss and sell shares is the loss of the put reflected in your share liquidation or do you sell the stock and have to make up the loss of the put

[Jay @Stockjay123]

@Venu_7_ Would $CEVA be a good candidate for oneils high tight flag?

[Jay @Stockjay123]

@spluscollective Do you have a stat for only going into oneils rare high tight flags? Say you put the same money into these when they appear over 30 years?

[Jay @Stockjay123]

@AdityaInvests90 We need the Fed to start cutting. These mag 7 stocks are a hedge to inflation

[Jay @Stockjay123]

@ThePupOfWallSt Danny, does $HOOD fall under the category of bullish pennant flag? It just had a daily close above the 21D

[Jay @Stockjay123]

@spluscollective Do you think aapl is going to start bottoming near 275 with its S/R flip?

[Jay @Stockjay123]

@Trader_Pow @AdamBLiv When do you think BTC goes back up? Maybe once the Fed starts cutting?

[Jay @Stockjay123]

@ThePupOfWallSt Do you have anymore 21 ema stair casing charts like HIMS and ORCL?

[Jay @Stockjay123]

@SqSehrish 11 sons plus 1 sister and a man so 13?

[Jay @Stockjay123]

@Venu_7_ What is proper entry and exit on AKAM

[Jay @Stockjay123]

@ThePupOfWallSt You opened a call a year and a half out based on a 30 min chart?

[Jay @Stockjay123]

@ThePupOfWallSt Do you think bitcoin is going to bottom after this sell off?

[Jay @Stockjay123]

@spluscollective For example do you win on 30% of them and let the winner ride and keep losses small. Or do you win on over half of them and still keep risk to reward 3/1 on trades?

[Jay @Stockjay123]

@spluscollective I’m thinking about subscribing to your service! What percentage of swing trades are you right on using moving averages and vwap strategies?