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Let's Trade Options

  • #15,241
  • Sep 19, 2017 10:20am Sep 19, 2017 10:20am
Hi Fool, can I ask do you use a screener and if so is there something in general that you are looking for
Pip
  • #15,242
  • Sep 19, 2017 11:20am Sep 19, 2017 11:20am
Hi pipa,

I mostly trade the stock indices and a few old faithful names. But I do use a screener from time to time to look for big moves up/down, insider trading, etc. I am used to FinViz and that's what I use. There may be better ones out there.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,243
  • Sep 19, 2017 11:37am Sep 19, 2017 11:37am
Quoting Wulfgar
{quote} Finally the freakin shiny is following the dirty. Breaking that 1260 helped me a lot...currently short the futures at 1275 agg Flipped the cad longs to shorts I'm seeing a potential monster play on RSX from current levels. potential upside on that thing running to ~38 with like .50 of risk. Bought a grip of Jan 18 20 calls for .95 with that target in mind. I'm out if we crack and close the 18.41 area. I figure with the horrendous sanctions the senate put on Russia this is a good time to buy the lows. Its like a 75:1 risk-to-reward. perfect...
Great call on stopping myself out of this one and not re entering... those calls are trading for $2.... I saw you got short Fool. Maybe get on the long RSX train if it drops back down sub 20?
  • #15,244
  • Sep 19, 2017 11:55am Sep 19, 2017 11:55am
Another item re: screening - this one comes every week from tastyworks. See attached. Open an account they send it to you. Worth a look. In truth there are prolly many of these kinds of things and I don't look at any of it too much.
Attached File(s)
File Type: pdf 17_09_19_tastytrade_Research.pdf   1.1 MB | 766 downloads
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,245
  • Sep 19, 2017 11:57am Sep 19, 2017 11:57am
Quoting Wulfgar
{quote} Great call on stopping myself out of this one and not re entering... those calls are trading for $2.... I saw you got short Fool. Maybe get on the long RSX train if it drops back down sub 20?
No man I am not in that, not yet. I just scoped that pretty much from the way the chart looks and have not thought it thru at all. It's still there....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,246
  • Sep 19, 2017 12:09pm Sep 19, 2017 12:09pm
Have been watching USG re: the hurricane effects. Moved OK but only monthlies and kinda thin, move started with Harvey and has mostly crapped out. Maybe an idea for next season....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,247
  • Sep 19, 2017 3:40pm Sep 19, 2017 3:40pm
Thanks Fool, yes Finviz seems to be comprehensive, I did find some others out there and there certainly seems to be some choice, thanks for the replies and pdf
Regards
Pip
  • #15,248
  • Sep 26, 2017 3:40pm Sep 26, 2017 3:40pm
hey I did a trade!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,249
  • Sep 27, 2017 12:13am Sep 27, 2017 12:13am
LOOKING for a SPY slip to $245 or lower by Oct opex
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-26_2126SPY.png Size: 73 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,250
  • Sep 27, 2017 11:44pm Sep 27, 2017 11:44pm
AAPL ER's 10/23, Monday after Oct opex, it had a dip last week or so but has come up a bit in the last 3 days. Maybe iv's would come up a bit to give a call calendar or diag a chance in the week before the ER? AAPL does not usually pop much premium pre-ER. I like the date set-up - if the front call stayed safe < $160 you'd have the ER and the entire next week to catch a rise on the long calls. Would try to double D with puts @ $145 +/-.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-09-27_2135aapl1.png Size: 99 KB
Click to Enlarge Name: 2017-09-27_2137aapl2.png Size: 81 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,251
  • Sep 27, 2017 11:46pm Sep 27, 2017 11:46pm
My fear re the above is we get a broad market bull breakout nearterm on tax reform euphoria - might look to fill calls higher.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,252
  • Sep 28, 2017 12:29am Sep 28, 2017 12:29am
...or the inevitable but sometimes fickle upgrind,,,,?
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Click to Enlarge Name: 2017-09-27_2228spy1.png Size: 71 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,253
  • Sep 28, 2017 6:28pm Sep 28, 2017 6:28pm
https://www.indeed.com/cmp/Invictus/...1fd0?q=bitcoin

"We will be forking IOTA source code."..................................OK...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,254
  • Oct 5, 2017 6:37pm Oct 5, 2017 6:37pm
Quoting The Fool
My fear re the above is we get a broad market bull breakout nearterm on tax reform euphoria - might look to fill calls higher.
Would like a tax reform epic fail to "feel complete" ... .

Along with an accompanying VIX/VIX derivative pop, por favor ... . (First /VX future trading at 16 or above ... . Ugh, nothing before May ... ).
Fireworks are fun ... as long as you don't blow your fingers off.
  • #15,255
  • Oct 13, 2017 5:48pm Oct 13, 2017 5:48pm
Quoting ZebraSquirl
{quote} Would like a tax reform epic fail to "feel complete" ... . Along with an accompanying VIX/VIX derivative pop, por favor ... . (First /VX future trading at 16 or above ... . Ugh, nothing before May ... ).
It will prolly take another 10 weeks to play out....

https://www.forbes.com/sites/lizfraz.../#44692e0c206b
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,256
  • Oct 30, 2017 6:17pm Oct 30, 2017 6:17pm
Quoting The Fool
{quote} It will prolly take another 10 weeks to play out.... https://www.forbes.com/sites/lizfraz.../#44692e0c206b
Nothing about what happens in D.C. can be described as "quick" ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #15,257
  • Nov 9, 2017 2:16pm Nov 9, 2017 2:16pm
some whiffs of trubble.....high yield trading off a bit in the last week, rumblings of fresh war in the ME with SA playing the BA, the GOP Senate saying they will have to postpone the corporate tax cut out to 2019, plus damn we need a dip.....maybe TF will shoot some long vol....
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-09_1210hyg.png Size: 116 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,258
  • Nov 15, 2017 4:21am Nov 15, 2017 4:21am
ok, here is one I like....

short this bloated SNB pig/Long ATM QQQ calls...


https://finance.yahoo.com/chart/SNBN.SW
Look Sharp/Trade Tight
  • #15,259
  • Nov 15, 2017 5:30am Nov 15, 2017 5:30am
Quoting alexdiet
I like simple option strategies. On the upside I don't favor simple long calls. I go bull call spreads instead. The only time I buy single options is on the put side. Selling is where the real money is made on a regular basis. Always looking for put strategies over call strategies. If today's volatility is above 50% of it's yearly avg I am definitely a seller. Below 50% of it's yearly volatility avg, a buyer.
The difficulty to be an option seller is that, one big move will wipe out all your profit. I know the chance to get caught is quite low, maybe less than one time in a year. But no matter how much you earn in the time being, one big loss is huge enough to kill your account.
The consistent income looks good, but the risk behind that can't be ignored.

Do you have good solution for that?
I love trading and gaming, Trader Game!
  • #15,260
  • Nov 21, 2017 9:30pm Nov 21, 2017 9:30pm
Quoting TraderGame
Do you have good solution for that?
1) failsafe: don't sell em
2) don't sell em unless you are selling in a spread that puts a defined cap on you possible loss.
3) don't sell em unless you are spreading and working both ends of the street. As pipple said, market can't be 2 places at once. Working both ends will help ease your pain in a move that hurts you.
4) Get a job and earn an honest living,
"If The Fool persists in his Folly he will become wise." - William Blake
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