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r/OptionsMillionaire

▲ 1 r/OptionsMillionaire

How to operate options from Spain?

Im based in Spain and live here. I’ve been trying so hard to get an app to operate options in. I tried Freedom24 but it was so bad, tastytrade takes $45 just to withdraw.
I don’t have enough level on IBKR to be able to do calls and puts. I’m only level 1, and 2 is needed.
Please someone help me out.

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u/Alexitux — 6 days ago
▲ 17 r/OptionsMillionaire

Always have and remember your “Why” to your trade

I was up almost 9k on MU EOD Monday and I knew CPI numbers wouldn’t be great To see almost 10k in unrealized profits be wiped the next day wasn’t easy. However I knew I was holding during CPI because of momentum and my trade entry. I also took the time to roll my

MU 715C 5/15 to MU 860C 6/5 for $500 in credit.

I closed with $2700 in profit and will be able to capture more upside on MU if that shall happen.

Remember why you entered into a trade as it will help mentally and emotionally when the market is going against your position. It will help with not making irrational and impulsive decisions. Had I closed out my SPY trade Tuesday as well, it would’ve been for -$300 instead its +$2000

u/leyndv — 7 days ago
▲ 0 r/OptionsMillionaire

Stocks may fluctuate, but they will always come back

Hitting all time highs is exciting...But a pullback could be right around the corner

Let’s stay cautious and see how things unfold

u/Bluntmunk — 9 days ago
▲ 3 r/OptionsMillionaire

When to take a loss?

Hello. I have been trading options for about 5 years now. I done decently. On the other hand, I still have a hard time walking away from my losses and sometimes they really do bounce back. But of course, sometimes they really go to zero too. 🤣🤣🤣

I buy mainly 3-6 months from expiration date with some LEAPS and such. I try to have at least one earning cycle before expiration.

Anyhow…. Please share when you cut your losses and why. Also, how has that worked for you?

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u/LotsofChingChing — 8 days ago
▲ 4 r/OptionsMillionaire

Is anyone specializing in low volume zero open interest options?

Any trading strategies for these. All recommendations are just for avoidance but assuming that is your preferred market what do you do to work within massive spreads on low volume?

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u/Alarmed-Policy508 — 11 days ago
▲ 3 r/OptionsMillionaire

Options with major AI hitters

I've been having a good run selling 30-45 day DTE cash secured puts on MU/SNDK/WDC/STX and MAG 7 companies. I decided to try my hand at buying leap calls.

So I went ahead and bought a MU 460 6/17/27 Call in March. Currently up almost 300%. This is the most unrealized gains I've generated from a single trade and could use some advice. I feel very bullish about MU and this position, but the situation in IRAN, other unforeseen events, looking to take profits soon.

Am I being greedy In wanting this to cook a little longer? What if any advice would you give me?

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u/ToastOfUSA — 10 days ago
▲ 0 r/OptionsMillionaire

Mentor

I can use a mentor or help real bad. Down to my last couple grand. And I know the money is real in options. I just haven’t found the right people to follow and work with. If you think you can help me learn and follow your proven system dm me please. I’m all ears. I can’t pay up front but if you can help me make money I’d be happy to share a % of my earnings with you. Please and thank you to anyone who offers help or advice. My last mentor died a few years ago and it really messed up my life. I have a kid now and I’m trying to get back focused and I feel like this is what will give me the freedom to be an involved father and bread winner. I know it’s not a get rich quick thing. But I’m willing to put the work in.

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u/Regular-Individual45 — 13 days ago