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u/the_axe_effect
1 day ago
Testing some Tasty Trade analyst suggestions
Hi Guys,
So disclamer, I am relatively new to options selling, I have done some directional option buying but wanted to learn more about selling/spreads etc. The resouces on Tasty trade are really good in this regard.
Anyways, I was looking at some of the analyst trades posted in there and they dont make any sense to me.
1) This analyst bought a TLT 78 $ Call and covered it by selling another call but its way OOM at 100 $, what's the poind of this, you get just 1 cent premium and ur not really covering anything, if anything ur capping ur profit.
https://preview.redd.it/45o8ubjosquh1.png…
2) This Analyst got a MU butterfly OOM on 10/8 with 6 DTE. The Risk reward on this doesnt make sense to me, if anything MU is technically super bearish now, its on a downtrend after their earnings , I dont see a world where it will go >1100 in 6 days
https://preview.redd.it/1xesii5ovquh1.png…
On a related note is it worth following/studying trade analyst recommendations on tasty trade, or are there any better resources to learn from good options traders? I plan to just learn and follow traders for a while before starting anthing... Also I dont have the Buying power to trade these anyways :(