QUOTE(jasontoh @ Aug 28 2025, 11:08 PM)
ServiceNow if 2+ actually the price different is 100, and with the price of ~900, you are committing 90K, so the return for 5 days is ~0.2%.
Don't look at %. Look at cashflow. Cashflow more important than % in my opinion. 0.2% is decent as it's around 11%p.a (0.2 x52 weeks).11% is around my target range. Or course what is decent for me maybe too low for you. Maybe you high flyer aim 20%p.a 😂
I am scarry cat so 10-11% also good enough for me.
QUOTE(Wedchar2912 @ Aug 28 2025, 11:30 PM)
using Now as example, if one's target is $2K per month, so per week is around 500 usd, then look for the strike on exp Sept 5th. it is the put option with strike 870.
spot now is around 908. Is 4.2% away a strike risky for you or not?
(btw, the vol stucks... around 33... so should look for a higher IV stock).
No la. Use combo of servicenow and other stocks to reach USD500/week. I myself also don't dare to go for premium that pay so high.
QUOTE(poooky @ Aug 28 2025, 11:56 PM)
Servicenow price about USD900 meaning need to accumulate USD90k cash before can trade?
Meaning if you trade more than 1 contract or multiple stocks then either need to put your share as collateral?
I only have about 2k now, what do you recommend to get started on so there I can also has a chance to fire? Intc? Accumulate to 5k then unh?
Follow the first rule of options. Do options on stocks that you want to hold long term. Do you want to hold intel long term? Yes even if US govt bought them, they are not necessarily good. Govt bought them is kind of to support them.
If you don't like intel as a business DO NOT DO sell puts on it. Govt got unlimited money, you do not.
So for your answer no choice you need to collect until at least USD30-50k then got lots of good stocks to do options.
For me, I still can do options with that low amount as I have companies around that price range. But I am collecting like USD10/week only.
This post has been edited by Ramjade: Aug 29 2025, 07:45 AM