Lost on NFLX, TSLA, all options expired worthless.
Didn't buy that GOOG would keep falling though, chose 3 calls at 915 strike. Think we'll see 915 next week? I do. This thing rebounded hard.
After I recoup losses, I will lick my wounds, buy some dividend stocks, a single call, and just study options while watching the market for a month or two. This is tricky business. But I can see there's a lot of money in here if you know what you are doing. And I don't want to be the average trader, I want to be stellar.
Sentiment: Strong Buy
Play options like you are the casino. 90% of all options expire worthless. So to start don't buy options or make sure you can put the trade on as economically as possible. Statistically selling options is your the best option. Hitting singles and doubles wins the game in the long run. But also have the patience to wait it out until the odds are in your favor on the trades. For most people you make a million dollars in the options game by starting with 2M.
This is inaccurate information because you only need a few thousand to be a successful options trader. It doesn't matter that 90% of options expire worthless because professional traders don't hold them until expiration. In fact MOST options are sold BEFORE they expire. Learn BEFORE you teach.
Ideal situation would be this: GOOG jumps up to 925+ this week. I close my calls. Back to 6,000 dollars.
Meanwhile TSLA doesn't do much Monday, and I get 3 of the AUG 17 125 calls. That'd be about $2,500. Then on earnings, it pops to 150. That'd give me TR = 7,500. TC = 2,500. Pi= 5000 approximately. Meanwhile I take the other 3,500 and get my dad and myself out of my ex girlfriends place and into a house. Get two big tvs and another cable to plug my ipads into them.
Even better would be if ISRG could stumble down below 360 this week, where my dumbass bought a put that expires this Friday. I almost bought calls. I wish I had. I could have bought 4 of them for 800 (they were 2 dollars each at open on Friday) and it rose 30 points. That'd have been TR = 12,000 and a great Friday close instead of a dismal one.