Thanks, I think I’m going to sell my truck and keep the boat.. Just wanted to make sure no one had any strong opinions either way that could possibly shift me..
PowaySeller, I don’t know much about the specifics of trading on diff exchanges.. but maybe someone else knows the answer to those questions you have about stop loss rules on diffferent exchanges.
As far as stop limit %, I would think 15% is way too low of a stop loss on options as I see 15%+- swings very often in my options..
I bought some Zeal reccomended some CCJ options 2 months ago.. I just sold some of them earlier today for a gain of +80%… this is just one example, and their track record could be erased in a few heartbeats…
Yes, according to Zeal COP is fundamentally very strong.. P/E of 6.xx. For people that don’tknow anything about stocks P/E is price over earnings, it means how much the stock earns realitive to its price.. So if COP is P/E of 6, it could mean their stock price is 60 and EPS(earnings per share)is 10. For the exact numbers just look up the stock quote symbol COP.. I just bought more COP NOV 60 calls today.
I only buy options in the amount that I am willing to lose.. because I realize ultimately I have 0 control of the markets.. Options themselves are my stop loss, because I only buying what I’m willing to lose completely for the shot at the upside.. and with that you get alot more volatility than with stocks..
Remember stop losses wouldn’t do much in a ‘black monday’ type scenario anyways.
