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Let's Trade Options

  • #15,841
  • Sep 16, 2018 12:34pm Sep 16, 2018 12:34pm
Quoting moneymaker2
{quote} Ha!! After looking at this again, I think I'm gonna call you TF or THE or something. "Hey, Fool" just doesn't look right...
We'll see... markets prolly take a dump on new Trump trade war noise.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,842
  • Sep 18, 2018 3:29am Sep 18, 2018 3:29am

TSLA pushing back to $300 early and I am putting a $1.4 tp on my put fly...10 bag r us...

"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,843
  • Sep 18, 2018 9:16am Sep 18, 2018 9:16am
https://www.cnbc.com/2018/09/18/braz...pproaches.html

EWZ vol skew DC country
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,844
  • Sep 18, 2018 10:42am Sep 18, 2018 10:42am
Quoting moneymaker2
JAZZ Sep21 165 CALL @ $2.60 or better
Two quick, cheap trades: KMT Sep21 40 PUT @$0.10 or better WBS Sep21 65 CALL @ $0.25 or better

Well, JAZZ is just starting to move up, should still be okay by Friday

KMT 40 PUT up to $0.25 from $0.05

WBS 65 CALL up to $1.05 from $0.25

FDX 252.5 PUT up to $9.90 from $3.60

All in all, pretty good run.....
  • #15,845
  • Sep 18, 2018 3:46pm Sep 18, 2018 3:46pm
meanwhile, news on TSLA was a spike up me bum
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,846
  • Sep 18, 2018 5:19pm Sep 18, 2018 5:19pm
Man, I'm sorry to hear that! But judging from your past trading, it won't take you long at all to recover.
  • #15,847
  • Sep 18, 2018 6:28pm Sep 18, 2018 6:28pm
Quoting moneymaker2
Man, I'm sorry to hear that! But judging from your past trading, it won't take you long at all to recover.
WELL, it was a 14c risk. It will likely be in small profit tomorrow if TSLA doesn't drop too far overnight. C'est la vie....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,848
  • Sep 18, 2018 6:47pm Sep 18, 2018 6:47pm
I can't tell what TSLA might do, but here are a couple I believe will make some money:

ITW Oct5 145 PUT @$1.95 or better

SWK Oct5 149 PUT @$1.75 or better
  • #15,849
  • Sep 19, 2018 12:52pm Sep 19, 2018 12:52pm
Quoting moneymaker2
I can't tell what TSLA might do,
...yeah no shit, total roller coaster ride, I'm still in the put fly, just need a try to pin $300 by Friday for glory...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,850
  • Sep 19, 2018 1:40pm Sep 19, 2018 1:40pm
Quoting moneymaker2
JAZZ Sep21 165 CALL @ $2.60 or better looks good for some quick money.
Update on JAZZ Sep21 165 CALL @ $4.30 up from $2.10

Nice chunk of change....
  • #15,851
  • Sep 19, 2018 1:43pm Sep 19, 2018 1:43pm
Quoting The Fool
{quote}…. total roller coaster ride, I'm still in the put fly, just need a try to pin $300 by Friday for glory...
On my weekly chart of TSLA, it shows it will go up. If it can close above the 5EMA (296.55) today or after hours, the next stop is the 10EMA (304.00), which it should hit, hopefully by Friday.
  • #15,852
  • Sep 19, 2018 2:21pm Sep 19, 2018 2:21pm
Quoting moneymaker2
{quote} On my weekly chart of TSLA, it shows it will go up. If it can close above the 5EMA (296.55) today or after hours, the next stop is the 10EMA (304.00), which it should hit, hopefully by Friday.
I am watching closely now. The 14c fly is worth 88c now, if TSLA moves towards $300 tomorrow I will close it. It's a small trade, just 6 lot, but I might let a couple run to Friday if it looks like it wants to pin $300. Flys and calendars are all aboyut the last day or so. And it was no accident I put this fly on big round $300 at the monthly opex.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,853
  • Sep 19, 2018 8:42pm Sep 19, 2018 8:42pm
Looking for trades off the Sep FOMC. Already have some...TLT Sep21/28 $117 put calendar looks good ...in for 11c, I'd like to see aFri close >$117 so I can ride the long puts next week..
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,854
  • Sep 20, 2018 12:11pm Sep 20, 2018 12:11pm
I don't know the complexity of the different option trading techniques, like spreads and butterflies and such. I just trade overbought/oversold conditions strictly with PUTS and CALLS
  • #15,855
  • Sep 20, 2018 2:26pm Sep 20, 2018 2:26pm
Quoting moneymaker2
I don't know the complexity of the different option trading techniques, like spreads and butterflies and such. I just trade overbought/oversold conditions strictly with PUTS and CALLS
It would be worth your while to learn. Just buying calls and puts is great when it works out for you bu the losses can be large, also.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,856
  • Sep 20, 2018 2:28pm Sep 20, 2018 2:28pm
Quoting The Fool
{quote}I am watching closely now. The 14c fly is worth 88c now, if TSLA moves towards $300 tomorrow I will close it. It's a small trade, just 6 lot, but I might let a couple run to Friday if it looks like it wants to pin $300. Flys and calendars are all aboyut the last day or so. And it was no accident I put this fly on big round $300 at the monthly opex.
I put a buck twennyfive tp on it and it was hit, cashed out all at net 8x plus, it could go to >$2 Friday but also as wild as it has been I could have lost a lot, too. Done deal now.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,857
  • Sep 20, 2018 2:29pm Sep 20, 2018 2:29pm
Quoting The Fool
Looking for trades off the Sep FOMC. Already have some...TLT Sep21/28 $117 put calendar looks good ...in for 11c, I'd like to see aFri close >$117 so I can ride the long puts next week..
TLT put calendar looking near perfect, too. I really want to hold it to get the long puts into next week, but I have a 50c tp on it and will be happy with that, also...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,858
  • Sep 20, 2018 2:31pm Sep 20, 2018 2:31pm
Good job! A profit is ALWAYS a good thing!!
  • #15,859
  • Sep 20, 2018 5:04pm Sep 20, 2018 5:04pm
Quoting The Fool
{quote} TLT put calendar looking near perfect, too. I really want to hold it to get the long puts into next week, but I have a 50c tp on it and will be happy with that, also...
TLT calendar originally doubles $117/$122, when TLT traded around $120.x. Set up to get the long options running in FOMC week. If TLT finishes above $117 Friday, I will try to hold the long puts into next week - they could be worth $2 by next Fri. if the long bonds sell off on a hawkish FOMC....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,860
  • Sep 20, 2018 9:03pm Sep 20, 2018 9:03pm
Quoting moneymaker2
Good job! A profit is ALWAYS a good thing!!
Not to preach too hard at ya, money, but profits have to be assessed relative to what was risked to obtain them....therein lies the difference between trading and gambling....
"If The Fool persists in his Folly he will become wise." - William Blake
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