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Originally Posted by sportsfan12345
Does this refer to calls or puts? Sorry pretty new to options. Also, if you don’t mind me asking - what percentage of your overall portfolio is in ETF’s and such. Lastly, on a day like today, how much of that 4-8% do you typically buy with. Sorry for all the questions - just a young investor trying to get good insight.
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Options can be calls or puts. In this instance he is saying calls as when the market dips the price for call options are cheaper, so you typically buy long expiration date call options... % wise is all dependent on each person. If your new investor ETFS are the easiest/safest opportunities out there as it gives you broad exposure for a particular market type. Once you find and research enough stocks/etfs that you like for the long term, you just slowly add to them on red days. That’s is simplest answer for you