Brave man. You have my salute!
True to be told, 2020 entitlement money pumps into IRAs used up today buying VOO, VFIAX and AAPL. No more $.
I took some buys today as market is way down like Dec 24, 2018. Let me seeā¦Come what mayā¦
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Loaded on some options today. Let see how this goes.
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I used your formula LEAPā¦calls
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LEAPS call is inherently better than buying shares because:
If share price goes higher, delta of your call will increase i.e. you gain faster than the underlying.
If share price goes lower, delta of your call will decrease i.e. you lose slower than the underlying.
However, there is a counter to this, theta, the time decay, will cause you to lose delta as time passed. LEAPS is good as theta hardly change, theta effect is felt mostly acutely when the expiry is less than 3 months.
Another GREEK, Vega (or IV), affects the price of the call too. High Vega causes call premium to go up while low Vega causes call premium to go down. So preferably you buy during a period when the Vega/IV is at historical low, making Vega always in your favor.
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Isnāt option premium sky high now? Why buy calls? Shouldnāt people sell puts instead?
Vega/IV of LEAPS didnāt change much. Is the short-term ones that is sky-high.
Long short-term call is viable from a day to swing trading perspective, go in fast, get out fast.
Get out fast is critical as theta and IV collapse would be damaging even if price didnāt change much. I donāt trade short-term options much as I am not that nimble, slow like an old man, wait,ā¦ Iām an old man.
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My option purchase earlier already up 17%.
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Selling puts lock your full cash, almost 4x of calls price !
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Correction 
Change enough to cause a LEAPS call costing $20 to be $23 nowā¦ darn, should have checked the past prices before commenting.
@manch Bear in mind, most of us, trade options because we want limited loss but unlimited gain, and uber gain for a small sum. Sell puts is limited gain, unlimited loss.
Market closed. Now pray that no headwinds announced during weekend. I only want to hear clinical tests are highly successful.
My account actually turned positive for the first time this week.
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Fear index eased up one point from this morningās 8. Keep going lower! Letās flush out all the fear!
Me too ! Too big a jump today
In fact, I was hesitating to buy even though my program gave buy like Dec 24, 2018. My partner was too good to convince me to buy today.
Many many not like thisā¦His final words areā¦āIf market goes to recession, Trump can not win, periodā¦Now, Trump has to act, he will push everyone to bring up the market before he is getting hit by electionsā¦ā
Good or Bad (right or wrong), now FED has to actā¦Giving some to marketā¦
This convinced me to buy today.
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Today is really historic. Volume was insanely high.
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Bernie is worse for the markets. Whatās more concerning is clueless voters hallucinating that his āfreeā healthcare will save us all from the Coronavirus.
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Bernie wonāt crush the market long term. But people freaking out over it will make another great buying opportunity. Looking forward to it late summer. 
Today is very rare scenario - exactly like Dec 24, 2018 deep sell off ! Normally, Market can not go down below this point. It is almost brink of collapse, a stress test to all of us. This kind of stress test will season our buys/sells properly. It is experience with market realty.
Let us see how market behaves Monday.
If market, on Monday, jumps by 3%-5%, I am 100% convinced the Corona virus is a scapegoat to bring down the market and scare retail investors to sell all stocks as if we are nearing recession.
BTW: Future is always unpredictable and all inferences can go wrong !
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Unfortunately I repeat the same mistakes again and again.
It is very common to make mistake, realizes the issue after some loss, then we forget.
Few reasons,
- Human are emotional.
- Greediness (like aggressive, fomoā¦etc).
- Ego - I am right kind of mentality, never look at reality.
- Bias - Preconceived ideas.
All these everyone has, including me.
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