13 Comments
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KingOfInvestors's avatar

Excellent write up congrats on the 100bagger!

Les's avatar

So mad I got shook out of the cpng trade 🤦‍♂️

James Bulltard's avatar

It happens, that’s why the risk reversals are so good because you’re getting paid to wait, you’re less likely to get shook out

Les's avatar

I did a R/R but closer to ATM I think I sold $15 and bought $17 on the dip it went really negative so I cut the trade and moved on 🤷🏻‍♂️

James Bulltard's avatar

Ah, you cant think of these like normal trades you have to be comfortable going long the stock should the trade not work. It’s ok we all take our lumps

Les's avatar

But great trade !

PanPacific's avatar

Thanks for this great write up. I worry a lot about the risk of selling puts. I.e. what if the market crashes. I suppose you need to exercise appropriate risk management in sizing and number of calls?

James Bulltard's avatar

Crashes don’t just happen I’ve written lots on the topic

PanPacific's avatar

Yep fair enough and I have read all that. Need to try it out and get comfortable.

James Bulltard's avatar

Just remember you will see trends break before a decline happens, simple as that

Mat's avatar

I got out from CPNG way too early, wasn’t convinced to the company. Although with NEM, I sat patiently all the way. Thanks James!

James Bulltard's avatar

Nice work mat! A big mistake a lot of investors is make is they get impatient on short timeframes, you gotta see where the options flow is pointing and give yourself as much Time as needed