Last two days many options buyers made huge money in big move. Writers usually trapped in such moves when options buyers start making easy money.
Pro traders like me making big now. In last 2-3 days I bought and sold options @41 ->283 and today 62 -> 192 (holding rest for much hither target without any risk).
This is obviously in the expense of options writers money. Some of them surely trapped.
Anyways as you said,
if it's working for you thumbs up. Everyone can have different perspective in the market and it's good to read their ideas.
But the fact is pro option buyers and sellers both are making money and when they are making windfall of profits they think opposite end is loosing. I think, this time 10500 PE writers are getting trapped (may be its because I made 7 times profit using option buying, and repeating the performance easily, I am thinking other side must be trapped and panicked ).
Happy Trading and Cheers.
Pro traders like me making big now. In last 2-3 days I bought and sold options @41 ->283 and today 62 -> 192 (holding rest for much hither target without any risk).
This is obviously in the expense of options writers money. Some of them surely trapped.
Anyways as you said,
if it's working for you thumbs up. Everyone can have different perspective in the market and it's good to read their ideas.
But the fact is pro option buyers and sellers both are making money and when they are making windfall of profits they think opposite end is loosing. I think, this time 10500 PE writers are getting trapped (may be its because I made 7 times profit using option buying, and repeating the performance easily, I am thinking other side must be trapped and panicked ).
Happy Trading and Cheers.