Cheap stockJust bought uncovered puts exp 10/27 strike 2.5. I expect a bounce of the trendline and keep the puts premium when expire worthless. However I don't mind if they get assigned. I would get stocks very cheap price and then I would sell covered calls. I chose this stock because its options are sell at a very attractive price.
Uncovered
VXV price movementLooks pretty bullish to me Pal. I'm buyin this dip. Even though the phrase ''buy the dip'' is absolute bullshit. Given to us by huge corps & whales to trick us into buying from them, we have 0 control over the markets. we think we know it all with our RSI, Macds, etc etc, we don't. The Volume delta (aggregated cumulative) for the pro traders & whales have been selling roughly 20.101 BILLION FRICKIN DOLLARS!!!.
WHILST WE HAVE BEEN ''BUYING THE DIP''
God damn it. We have been fooled.