| Rockycchi |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Friday, December 17, 2004 |
| Tuesday, June 12, 2012 11:22:44 AM |
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I like the Volitility Stop in TC2000. If I understand this correctly it takes the closing price of a stock and plots it. Is there any way to modify it to take the high and/or low price of a stock during the day and plot it?
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Options were actually created to reduce a persons risk in the market. They are a very good tool when used correctly. I prefer to sell option as opposed to buying them. Option lose most of their time value in the last 90 prior to expiration givng a seller of options somewhat of an advantage.
The shear number of strategies available with options can be overwelming. I would suggest learning one strategy at a time, maybe doing covered calls or something you understand and then move into other strategies like credit spreads or call backspreads. One of my favorite strategies is to buy long term leap options about 15-20% in the money and selling short term at the money option against my position. The short position (the selling of the option) takes advantage of time decay. The purchase of the in the money leap won't lose time value as quickly. You can keep rolling the short term options over to the next months as needed to keep reducing your risk and collecting premiums.
As with any purchase in the market you have to cut your loses short and keep an eye on your stocks to try and aviod a big loss.
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