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Let's Trade Options

  • #15,581
  • May 20, 2018 9:39pm May 20, 2018 9:39pm
Quoting The Fool
all I got this week is May18/21 SPY $275 callies, in for a nickel I think, might have to cash some out tomorrow if SPY can grind up another $1-2...
hung in here and have the 5/21 $275 long calls....I see Asia gaps SPY up to $273.3, def possible see a run past $275 by Monday close...might get me nickel back
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,582
  • Edited 6:58am May 21, 2018 6:43am | Edited 6:58am
Quoting The Fool
{quote}hung in here and have the 5/21 $275 long calls....I see Asia gaps SPY up to $273.3, def possible see a run past $275 by Monday close...might get me nickel back
...asking a lot for a Monday....FOMC minutes Wed
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,583
  • May 21, 2018 8:49am May 21, 2018 8:49am
I was able to leg into an Iron Butterfly with Nadex binaries on the EURUSD and GBPUSD pairs last night/this morning. The width on both is basically the H/L of the day so far. That's quite a bit of safety. This will end up being my biggest payout ever. Plus the other little cost covering trades I did and I basically hit my weekly profit target in 1 day. Just waiting out the 3:00 pm expiration now.

The beauty of binaries is you only need to be 1 tick ITM to get paid out the full amount. So being 20 pips or more ITM is pretty stress free.
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  • #15,584
  • May 21, 2018 10:04am May 21, 2018 10:04am
can't comment much on the currency trades, not watching cash closely. In equities I am still bullish near-term but I am waiting to see what the indices do after the FOMC minutes Wed...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,585
  • May 21, 2018 11:48am May 21, 2018 11:48am
Quoting The Fool
In equities I am still bullish near-term but I am waiting to see what the indices do after the FOMC minutes Wed...
...watching ^TNX also and here we are in the last full trading week of May. Long weekend coming up so that could be a chance to catch a big gap down if it's in the cards. I am shopping SPY put calendars @ May25/29, looking to pay a dime at $268....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,586
  • May 21, 2018 12:11pm May 21, 2018 12:11pm
Quoting The Fool
...watching ^TNX also and here we are in the last full trading week of May. Long weekend coming up so that could be a chance to catch a big gap down if it's in the cards. I am shopping SPY put calendars @ May25/29, looking to pay a dime at $268....
...shift that to $269 puts callie at 11c, bull case same time sure why not - loaded SPY $278 May25/29 call callie for 6c
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,587
  • May 21, 2018 12:17pm May 21, 2018 12:17pm
Quoting The Fool
{quote}...shift that to $269 puts callie at 11c, bull case same time sure why not - loaded SPY $278 May25/29 call callie for 6c
Now you are bullish or bearish?
  • #15,588
  • May 21, 2018 12:20pm May 21, 2018 12:20pm
Quoting hammadshahir
{quote} Now you are bullish or bearish?
yes
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,589
  • May 21, 2018 1:58pm May 21, 2018 1:58pm
Quoting The Fool
...shift that to $269 puts callie at 11c, bull case same time sure why not - loaded SPY $278 May25/29 call callie for 6c
filled the puts, not the calls. Dead flat Monday. Never short a dull tape? We'll see....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,590
  • May 21, 2018 2:20pm May 21, 2018 2:20pm
UVXY heading sub $10 or >$20? Which first? It doesn't move like it used to.....

http://www.proshares.com/news/prosha..._two_etfs.html

Still, I might chance some bullish spreads for rising vol into June
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,591
  • May 22, 2018 9:10am May 22, 2018 9:10am
Got a vert spread on NUGT. My first vert spread on TOS. I like that they make it easy to do different strategies out of the box without having to build them out yourself. It's just a demo trade since I'm new to TOS.

I've also got some NUGT shares in my robinhood account. And to continue with the golden pony theme I had a nadex spread and a binary on gold futures. The spread captured the full move which was nice. My binary I'm carrying to expiration.

I've also got a lopsided GBPUSD butterfly going Just barely got the upper wing on and heading into the London close and EST lunch hour, hopefully the volatility dries up and it's easy squeezy til the 3:00pm expiration. 20 pips range on either side plus 40 pips range on the lowest entry.
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  • #15,592
  • May 22, 2018 10:44am May 22, 2018 10:44am
I used to trade the DUST and NUGT options, back when gold used to move better. They're pretty thin, though, as I recall, maybe still are?

Honestly, with the way my life is, I am happy just trading risk via SPY and occasionally VIX-related names. I just don't have time to dig in to much more than that and it pays well, so....

Trying to fill a Jun22 UVXY bull call vert $14/14.5 for 6c, not getting it but maybe if the spoos rallies a bit into the close....

I have been loading some bearish trades this week in a bid to catch equities sliding off the FOMC minutes tomorrow and coming Jun FOMC rate hike. Not risking too much yet and still balancing on the bull side...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,593
  • May 22, 2018 1:25pm May 22, 2018 1:25pm
Quoting The Fool
.... Trying to fill a Jun22 UVXY bull call vert $14/14.5 for 6c, not getting it but maybe if the spoos rallies a bit into the close....
...no dice, trades to load b4 the minutes
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,594
  • May 22, 2018 2:42pm May 22, 2018 2:42pm
https://www.marketwatch.com/Story/he...of2&yptr=yahoo

June swoon or bust...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,595
  • May 22, 2018 3:47pm May 22, 2018 3:47pm
looking at EEM to slide under $40 after the Jun rate hike? ... the Jun29/Jul20 calendar puts are cheap, under a nickel maybe for strikes < $39
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,596
  • May 23, 2018 8:13am May 23, 2018 8:13am
Did a short side heavy put spread straddle on the GBP/JPY last night. 200 pips or so. My biggest spread trade ever. I've got a bunch of binaries heavily ITM now across euro, pound, and gbp/jpy. Looking to close out the ones that are under 20 pips ITM before the FMOC minutes.
  • #15,597
  • May 24, 2018 3:12pm May 24, 2018 3:12pm
Quoting The Fool
https://www.marketwatch.com/Story/he...of2&yptr=yahoo June swoon or bust...
spoos been pretty flat really for last six weeks, going into June with a dovish Fed, geopoli risks simmering on the back burners (but what else is new?)....now we are prolly gonna see volume start to dry up (well under average today)....so flatline Summer? Fuck that noise....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,598
  • May 25, 2018 10:54am May 25, 2018 10:54am
Quoting The Fool
...shift that to $269 puts callie at 11c, bull case same time sure why not - loaded SPY $278 May25/29 call callie for 6c
SPY put calendar could pay today with an end of day dump below $270. Will hold some long calls over the long weekend most likely
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,599
  • May 25, 2018 12:23pm May 25, 2018 12:23pm
Quoting The Fool
SPY put calendar could pay today with an end of day dump below $270. Will hold some long calls over the long weekend most likely
prolly not....SPY volume like <40% of normal, long weekend coming, I will be left with long $269 puts for Tuesday

...trying fill Jun1/Jun4 SPY $277 calendar calls @ 4c
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,600
  • May 28, 2018 10:52pm May 28, 2018 10:52pm
shitty 30-40 pt spoos range in third week but Jun FOMC on the horizon can break it down. Tweet mode as always.....yawn
"If The Fool persists in his Folly he will become wise." - William Blake
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