Trade of the day: ORCL Earnings Trade

[@CptCarbon]

Which program/bot do you use here in this example to file the options? Where you could see your max loss, max win...?

[@thewheelsonthelabus]

Wait so you basically got the max loss? ORCL up 10% after earnings

[@sheazadjiwani7013]

thank you

[@anthonycalderon3869]

Do you have any course or classes to learn from? I am new to this space and would love to learn Options. At the moment I’m self teaching and researching.

[@OptionAlpha]

Hi Anthony, There are many great resources on our site but a great place to start if you're new to options trading is here: optionalpha.com/courses The beginner track and courses will get you headed in the right direction quickly. Good luck!

[@tarunrv1]

Nice strategy, thanks for the video. Unfortunately, the worst case scenario occurred today. Orcl is at 135 leading to max loss. How do you handle these? Just take the loss? How much percent of your portfolio would be in a trade like this?

[@OptionAlpha]

There's not much I can do with it except take the loss gracefully. I'm trading a small percentage of my overall portfolio which makes it easier to take the loss.

[@keithhale1649]

132 after hours, sorry