Live Day Trading I Bought A 50 Option Contract

When it comes to trading options there are a whole hosts of thoughts and opinions. What strike price should you choose? What delta? How worried about theta should you be? While all these are valid discussions, at the core, you jus need to focus on what works for you. Some people would look at a $50 option and think I’m crazy for paying such a high price. I can understand their perspective, but a trusted member of our community has persuaded me to give these higher price options a try. I realize this may not work for everyone, but setting aside the price ranges, if you’re a technical trader then we’re still all using the same things for our decision making process: the chart. Let’s see how it goes as I buy myself a $50 option contract in the world of day trading!

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