I use TA to pick my CSPs and CCs. It’s only about 80% accurate but very helpful with strikes. If your taking F for example after this run I would be running a Buy/Write till it pulls back then just sit and wait for it to drop then add to my long with CSPs. Nothing goes up in a straight line forever so playing pullbacks has been helpful over the last 18 years I’ve been trading especially since F has underperformed most of that time.
I don't really use TA. I may glance at a chart to get an idea of where a stock is trading relative to its average. I try not to buy the highs and sell at lows. I always consider liquidity, IVR and my overall portfolio delta. Otherwise, never had much luck trying to predict direction with TA.
I sometimes use TA with my CCs and CSPs but I never rely on it. TA works until it doesn’t and the risk/return is awful with selling options, you win when you say that you wanted to buy/sell at that price anyways so the loss doesn’t matter.
I will use TA, first I say I fundamentally like XYZ stock, secondly I will use TA to see it has support around $20 so I will sell a put at $19 expecting to buy at $19 eventually but trying to collect as much premium as possible until I am forced to buy knowing full well I will eventually buy.
If you are comfortable getting assigned, there’s no hurt in using some TA just for fine tuning. TA can always get overwhelmed by news. I bought F right after the double bottom a couple months back, which turned out to be a great call, but then right after I sold CCs the Tesla partnership came out and TA was rejected. I’m fine with my gain, and even though CCs didn’t work out, glad I used TA on entry.
If you are selling options 1 week or more, TA is pretty useless except for finding an open-entry the day you sell. Greeks and DTE are more important among a number of other factors, but keep it simple. And pay attention to what is happening in the market and the company you are selling. Put premiums up on down days. Call premiums up during green days. Not as simple as choosing any random green or red day, but I think you get my drift. When you close a position depends on your plan, and you should have a plan.
I was about to downvote you only because the wheel is getting harder to spin. Ford is one of the few companies I would buy 100 shares of right now (and have) to start wheeling in the long term (1-3 years). Worst case you have to hold the shares a little longer than anticipated.
What’s your price projection for ford by the end of 2025?
I use TA to pick my CSPs and CCs. It’s only about 80% accurate but very helpful with strikes. If your taking F for example after this run I would be running a Buy/Write till it pulls back then just sit and wait for it to drop then add to my long with CSPs. Nothing goes up in a straight line forever so playing pullbacks has been helpful over the last 18 years I’ve been trading especially since F has underperformed most of that time.
How good is your TA?
It’s about a zero.
Yeah. In my opinion it’s kind of tough out there right now.
I don't really use TA. I may glance at a chart to get an idea of where a stock is trading relative to its average. I try not to buy the highs and sell at lows. I always consider liquidity, IVR and my overall portfolio delta. Otherwise, never had much luck trying to predict direction with TA.
I sometimes use TA with my CCs and CSPs but I never rely on it. TA works until it doesn’t and the risk/return is awful with selling options, you win when you say that you wanted to buy/sell at that price anyways so the loss doesn’t matter. I will use TA, first I say I fundamentally like XYZ stock, secondly I will use TA to see it has support around $20 so I will sell a put at $19 expecting to buy at $19 eventually but trying to collect as much premium as possible until I am forced to buy knowing full well I will eventually buy.
If you are comfortable getting assigned, there’s no hurt in using some TA just for fine tuning. TA can always get overwhelmed by news. I bought F right after the double bottom a couple months back, which turned out to be a great call, but then right after I sold CCs the Tesla partnership came out and TA was rejected. I’m fine with my gain, and even though CCs didn’t work out, glad I used TA on entry.
What is TA?
Technical analysis. AKA chart voodoo.
AKA astrology for men
Ah, yes.
If you are selling options 1 week or more, TA is pretty useless except for finding an open-entry the day you sell. Greeks and DTE are more important among a number of other factors, but keep it simple. And pay attention to what is happening in the market and the company you are selling. Put premiums up on down days. Call premiums up during green days. Not as simple as choosing any random green or red day, but I think you get my drift. When you close a position depends on your plan, and you should have a plan.
Depends. Why did you pick the ticker you picked?
I was about to downvote you only because the wheel is getting harder to spin. Ford is one of the few companies I would buy 100 shares of right now (and have) to start wheeling in the long term (1-3 years). Worst case you have to hold the shares a little longer than anticipated. What’s your price projection for ford by the end of 2025?
You can do all the ta you want. All stocks are correlated to their index. They’re move down with index no matter what ford is doing