tough

[wallstreetsedge]

the markets so tough ( i admit ) for options that im not even buying options on many positions right now.. i think to simply be long on a call or put right now is almost insane even for quick swings. id rather look out for 30-60 day plays by selling naked calls/puts

im only holding call or put positions on about 7 companies, have vertical spreads on about 4 companies, and mostly have naked calls/puts in play

if youve only bought options before, i wouldnt recommend testing naked options in this market.

if youre looking for some good plays..

id recommend naked 17.5 and 20 puts on C... and on a pop, sell 25 and 27.5 calls

also some people know im bearish on AAPL.. id probably sell some naked 130 and 135 calls and on pullbacks.. sell 110, 105, and 100 puts

[Tonkatoy]

I'm just getting back to trading and I find it difficult for sure, what a time to get back into it, I think I"m glad I made the decision to be about 45% cash right now.

[wallstreetsedge]

most money managers i know personally are...

sitting in about 70% cash and defensive co's... as they pull back, add to their positions

[netwrangler]

Originally Posted by wallstreetsedge

most money managers i know personally are...
sitting in about 70% cash and defensive co's...

Course, the issue is, "What are 'defensive co's' — exactly?"

And how defensive are "defensive co's" when everyone is going there?

[Tonkatoy]

The problem I'm having as a strategy for myself is to do options on things that are doing well, ag, commodities, especially on the dips of late, like mon, pot, de or to to pick up the stock itself. I'm thinking deep in the money calls with higher deltas, but i don't know.

[netwrangler]

Originally Posted by Tonkatoy

The problem I'm having as a strategy for myself is to do options on things that are doing well, ag, commodities, especially on the dips of late, like mon, pot, de or to to pick up the stock itself. I'm thinking deep in the money calls with higher deltas, but i don't know.

As an option trader, my first thought is:

You don't really want to start learning options in a market like this.

Stick to what you know.
If your not sure what you know [an honest self-appraisal for many folks these days] hunker down and think.
When you have figured out what you do know about this market, go ahead and trade [and, BTW, please tell the rest of us you you figured out ].

[wallstreetsedge]

Originally Posted by netwrangler

Course, the issue is, "What are 'defensive co's' — exactly?"

And how defensive are "defensive co's" when everyone is going there?

food, beverage, health