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Let's Trade Options

  • #15,681
  • Jun 21, 2018 10:08am Jun 21, 2018 10:08am
Quoting The Fool
A DOW sell-off at the end of the day will get me to >$5 on Jun29 DIA $249 puts, a net double+ on original $249/$257 strangle
it's gonna get there, I'm gonna git sum, not gonna fuck around. Of course, I'll end up leaving a ton on the table.

(It is in the nature of prophecy that you will realize that what is prophesied is coming true only after it is too late to change that.)
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,682
  • Jun 21, 2018 10:16am Jun 21, 2018 10:16am
omg can I just get some freakin sharks with freakin lasers mounted on their freakin heads?

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Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,683
  • Jun 21, 2018 12:18pm Jun 21, 2018 12:18pm
I see a clown car heading for a cliff.....no brakes....

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,684
  • Jun 21, 2018 12:25pm Jun 21, 2018 12:25pm
Quoting The Fool
I see a clown car heading for a cliff.....no brakes.... https://www.youtube.com/watch?v=EqQuihD0hoI
omg how did I know....?
Attached Image
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,685
  • Jun 21, 2018 4:51pm Jun 21, 2018 4:51pm
your dream job? lol...I bet digging ditches pays better...

https://www.indeed.com/viewjob?jk=82...rom=serp&vjs=3
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,686
  • Jun 21, 2018 9:33pm Jun 21, 2018 9:33pm
Quoting The Fool
I continue to self-flagellate with wishful thinking & bot a Jun29 DIA strangle $249/$257 for $2.22, looking for some direction....
Ok the puts paid $5 and they are gone. The calls are not worthless, though. I can use them to make a cheap Jun29 call fly. We'll see...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,687
  • Edited Jun 22, 2018 12:49am Jun 21, 2018 11:24pm | Edited Jun 22, 2018 12:49am
Quoting The Fool
Ok the puts paid $5 and they are gone. The calls are not worthless, though. I can use them to make a cheap Jun29 call fly. We'll see...
idk...I always have to lean bullish in this market...DIA spreads aren't that great though, might be better off wait/see
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-06-21_224DIA.png Size: 86 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,688
  • Jun 22, 2018 10:32am Jun 22, 2018 10:32am
Quoting The Fool
idk...I always have to lean bullish in this market...DIA spreads aren't that great though, might be better off wait/see
DIA FLAT M/L SINCE THE PRE-OPEN GAP UP, SO i WILL WAIT/SEE WJAT IT DOES INTO THE CLOSE.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,689
  • Jun 25, 2018 4:31pm Jun 25, 2018 4:31pm
Quoting The Fool
idk...I always have to lean bullish in this market...
....no btfd would surprise me in the btfd mofo. I will look for that v-bottom and maybe try to leg into some bullish index call spreads
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,690
  • Jun 26, 2018 4:27am Jun 26, 2018 4:27am
NEED SPY $266 Friday to make money on this put fly, seems like a tall order now
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,691
  • Jun 26, 2018 10:25am Jun 26, 2018 10:25am
Quoting The Fool
{quote}.... I will look for that v-bottom and maybe try to leg into some bullish index call spreads
I filled a Jun29/Jul2 SPY call diagonal, $277/$278 for one centavo.

It's a bull market, Old Turkey!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,692
  • Jun 27, 2018 7:27am Jun 27, 2018 7:27am
Quoting The Fool
I filled a Jun29/Jul2 SPY call diagonal, $277/$278 for one centavo. It's a bull market, Old Turkey!
A trade like this is all about the long call finish. A 1c debt could pay >$1 on a hard Monday rally.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,693
  • Jun 27, 2018 8:41am Jun 27, 2018 8:41am
Got a couple of put spreads on the sp e-mini and nq e-min. near the market highs.

sp 2760-2680. banked 5 contracts for $600 and sitting on the remaining 5 which are hovering around $400.
nq 7130-7090. banked 5 contracts for about $400 and sitting on the remaining 5 which are hovering around $400.

I should have pulled the nq since price nailed the spread floor and wasn't going to make me anymore money. Wasn't thinking on that one.

In my robinhood account i'm sitting on a some SPY puts which are sitting pretty.
  • #15,694
  • Jun 27, 2018 8:57am Jun 27, 2018 8:57am
Quoting JR97
In my robinhood account i'm sitting on a some SPY puts which are sitting pretty.
I had a bunch of SPX put flys that have come off worthless this week, but they were fishing pretty low and so were very cheap. The DIA strangle I had (see above somewhere) where I netted $5 on the puts would pay for losing nickel/dime trades for months. I am getting close to being flat and now will just try plinking at the slow bullish upgrind. Bear path always just a tweet away, though.

We are getting about 5-6 weeks out from next earnings season, which is often an IV low range to look fro cheap calendars. With the recent volatility, though, it will pay to wait and see if we get a bullish lull that drains down the iv some....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,695
  • Jun 27, 2018 12:21pm Jun 27, 2018 12:21pm
Mexican general elections this weekend - is there a trade (EWW or the peso)....?

https://finance.yahoo.com/m/546caa51...affecting.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,696
  • Jun 27, 2018 1:58pm Jun 27, 2018 1:58pm
Quoting The Fool
NEED SPY $266 Friday to make money on this put fly, seems like a tall order now {image}
...with SPY dipping under $270 to close today, a glimmer of hope...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,697
  • Jun 27, 2018 2:34pm Jun 27, 2018 2:34pm
Quoting The Fool
Mexican general elections this weekend - is there a trade (EWW or the peso)....? https://finance.yahoo.com/m/546caa51...affecting.html
seems like there might be a little dip in Mex equities if AMLO wins, so maybe watch for a btfd op. Spreads are pretty bad in near-term EWW options
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,698
  • Jun 28, 2018 12:10pm Jun 28, 2018 12:10pm
Bought a SPY $275 call calendar for 7c, Jul2/3. Just looking for that long call runner....surely the bastards can give us a solid rally into the 4th of July?

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,699
  • Jun 28, 2018 9:53pm Jun 28, 2018 9:53pm
IDK....
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,700
  • Jun 29, 2018 3:49pm Jun 29, 2018 3:49pm
I did do a strangle on EWW at the close, but it's funky: long the Jul13 $48.50 calls and lomg the Jul6 $45 puts for a net debit of 88c. Plannjng on making money on both ends, gonna be epic.
"If The Fool persists in his Folly he will become wise." - William Blake
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