Comments on: Did YOU Buy Calls? https://phantasmix.com/did-you-buy-calls/ Stock Market and Personal Finance Sun, 03 Mar 2013 20:33:29 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: ducati998 https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3761 Fri, 13 Mar 2009 18:29:22 +0000 http://www.phantasmix.com/?p=1853#comment-3761 Kat,

That may well be true for yourself, however, as a strategy, the stats simply do not support the assertion.

It is however one of the more pervasive and enduring myths of Option trading.

jog on
duc

]]> By: Phantasmix https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3759 Thu, 12 Mar 2009 17:21:02 +0000 http://www.phantasmix.com/?p=1853#comment-3759 Duc,
it’s possible that I’m bad at options (ok, I am 🙂 ) but I only make money when selling them.

So far all my option buys have lost me money — every one of them.

]]> By: ducati998 https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3758 Thu, 12 Mar 2009 17:15:47 +0000 http://www.phantasmix.com/?p=1853#comment-3758 Kat,

The myth that “sellers” and not “buyers” make money, I see remains healthy and well.

jog on
duc

]]> By: headlinecharts https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3757 Wed, 11 Mar 2009 21:33:26 +0000 http://www.phantasmix.com/?p=1853#comment-3757 Hi, I like what IBD says about days like yesterday, that it is confirmed by a follow thru day that occurs 4 to 10 days after the initial rally.

]]> By: Phantasmix https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3755 Tue, 10 Mar 2009 22:33:51 +0000 http://www.phantasmix.com/?p=1853#comment-3755 I’m long QLD, too. That’s my only long in the trading account.

]]> By: TSS https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3754 Tue, 10 Mar 2009 16:33:49 +0000 http://www.phantasmix.com/?p=1853#comment-3754 Hey, this thing could fizzle by 4, but I would not be on the short side of this trade. Objectively speaking, since 1990 there have only been 8 occurrences of the DOW being up 3% or greater by 10 AM. On Avg, those days closed up 6.11%. The Q’s only reached the bottom of their range. Subjectively, I feel that we moved down so aggressively since the beginning of Feb, that some sort of relief rally was due. I alluded to this yesterday.

The more important question is,does this last past the close? One day wonder rally or do we get 3-4 days of good action and move back to the top of the range?

Full disclosure: I’m long the QLD

]]> By: Phantasmix https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3753 Tue, 10 Mar 2009 15:06:58 +0000 http://www.phantasmix.com/?p=1853#comment-3753 If they’re selling, someone is buying, right? So still, more call buyers, than put buyers.

And yes, I know that it’s best to sell options, not to buy them 🙂

]]> By: R https://phantasmix.com/did-you-buy-calls/comment-page-1/#comment-3752 Tue, 10 Mar 2009 14:54:42 +0000 http://www.phantasmix.com/?p=1853#comment-3752 You know, the people who make money from options sell them, not buy them.
This ratio is pointing us to the quantity of all open positions in all the options, isn’t this?

]]>