written by reader Hi Travis – could you also start an options service

By sandymits, February 10, 2021

Hi Travis – I continue to be extremely impressed with your ability to analyze companies thoroughly; can I suggest you also start an options group that focuses on value investing (both short term and long term) Vs. gambling which many other option traders do. I am even happy to pay for the subscription like your current subscription.

Thoughts Please!!

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lindat
Irregular
February 10, 2021 1:26 pm

Travis, I with Sandy Mits on this one. Would love to have your perspective on options as well

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Travis Johnson, Stock Gumshoe
February 10, 2021 1:41 pm

Thanks for your confidence! I’d be happy to have folks start up a discussion thread for options trading here if you like, but I can’t commit to being a big part of it and can’t claim any great expertise in options — I mostly use them to hedge or place small “bets.”

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Vel
Irregular
Vel
February 11, 2021 11:57 am
Reply to  sandymits

I guess Travis is already doing it. If you are irregular member, you will get notification regarding trades(Options/stocks). I believe, based on Travis’s options trade. Gumshoe irregulars(If followed his trade) made lots of money with little bit responsibly by medium to leap options(Instead of complex daily trades like from tasty trade fellas). One thing I remember AMZN options Jen 15 2021 expiry original cost was around $800…In the peak of amazon stock rebound option price reached greater than $10,0000(I sold mine very early though)….Options trade is like adventure trip to Everest summit(During trip, you may get storm, avalanche….)…

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Travis Johnson, Stock Gumshoe
February 11, 2021 1:20 pm
Reply to  Vel

Options positions are updated weekly, I don’t send out Trade Notes for those (too small, too personal and foolish much of the time, often too illiquid for even a dozen people to all trade at once if they wanted to).

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t34classic
Irregular
February 10, 2021 6:12 pm

With all do respect this works out well the way it is, it must be a good amount of work to publish what comes out if the Stock Gumshoe each week and there seems to be enough information provided that you can take it in the direction you want to go, any more work and Travis will want $ 1995 the next time you sign up.

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timcoahran
Irregular
February 18, 2021 2:19 am

3 responsible option handling ideas:
“If you don’t want to sell the stock, don’t sell a call against it” – I credit this idea to the Foole.

“Decide what you would really be willing to buy a stock for, expecting to have to hold it through a large dip – before selling a put on it” – paraphrased from Travis in a comment on his 2/17/21 article.

“If you sell puts, keep careful track of of your total $ commitments to purchase, including any pending puts that you’ve offered for sale but haven’t been bought yet. In a quick downturn, ALL of this could possibly come due on the same day!” – from me.

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timcoahran
Irregular
February 20, 2021 5:48 pm
Reply to  timcoahran

To help people find stuff later, here’s a link to an excellent piece on the same subject:
https://www.stockgumshoe.com/2021/02/microblog-on-synthetic-covered-calls/

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