rednecked said:
FJ43 said:
could someone explain briefly what he is saying here?
for example
INTC
is he saying that if if the price opens at or above 48.31 to buy the 49 call? conversely if it opens below 47.93 to buy the 47 put?
Yes on what to buy with the trigger. But….For me needs to confirm that level either way calls or puts. If you buy a lotto on the actual open it can sometimes work but you may have to be quick with the trigger in and out. It can run or fail just as quick. Things are often juiced on the open.
Think of those levels as support or resistance levels for entry not the open necessarily.
Just a tip….if you buy the open don't buy the ask. Be at bid or lower as they move really quick on a reversal either direction.
Lotto so hero or zero. Play small IMO.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11