Let's Trade Options

I post them on the thread here so they can be tracked. I always check the futures premarket to see if they are pointing to a large up or down day. Naturally, if they are big up (>50), I don't get into a PUT and the opposite with the CALLs. So I may list trades every few days, just depends on what the stocks are doing.

DISCLAIMER
Keep in mind I don't recommend any trades to anyone, as there are too many variables (an individual's entry price, exit price, number of contracts, margin available, etc., that are beyond my knowledge/control), and I can't be held responsible if the trade goes bad. That being said, if a person is old enough to trade, then they are by definition an adult and can make their own decisions. I would highly recommend that individuals do their own due diligence to be sure that they can make money with a specific trade e.g., trades that make money on 10+ contracts won't always make money on 1-2 contracts.

I will, however, continue to post trades I feel confident about on this thread, same as I have been.

Not a problem. I won't be buying Options like crazy.. I know what is that, I did it already. If I buy an option is because based on my analysis I belive that there is margin for a profit and I will risk less than 1% of my account at the most.

cheers money & relax. I am glad to see some folks getting some use out of the space. Between the three of us, we are proof that there's more than one way to skin a cat.

Amen to that, TF!! Too bad a lot of people don't realize that when it comes to currency trading...there would be a lot less bickering back and forth!

Well, the huge down week last week and the big up day today pretty much killed all the potential trades for the next couple of days. One potential (NUE) has earnings out Thursday morning, so it's not a play.

Everything was oversold from last week and has already started a little rebound today. Still lots of potential upside in the overall market, but with the way I pick the ones to trade, their moves have already begun and I usually don't get in after they've started.

well, if you are scouting "oversold" and "overbought" names, it's worth watching what happens at earnings. Really outsized moves will sometimes revert pretty quickly after the ER. Also, the iv's will crash after the ER, so you can get the options prices down to reasonable levels...

Brazil & EWZ update. Bolsonaro missed winning the prez election by a few % so it's going to a 10/28 runoff. But it will be pretty much a slam dunk for Bolsonaro unless something happens to derail him. Anyway, the uncertainty and iv have drained off - iv's were pushing 60% now ~40%. On put time spreads I have been buying back short legs ($25, $27. $28) for a penny. Letting call spreads run. Everything was bought super cheap because the front month iv's were skewed so high. Gotta love it. $40 Nov2/Nov16 calendar calls shown at the Friday before the runoff election. In for 10c I will try for 50c out.

I put more time on some call spreads, thinking Brazil stocks would rally after the election dust settles. The Nov/Dec $43/44 calls diagonal bot for a nickel...just need to watch so that I don't let it over shoot...probably the Bolsonaro victory is getting baked in and EWZ will not jet up, but we shall see....looking for a good winner here, 10bag or better

Hello everyone

My 5 opened postions still into the safe range and even though yesterday there was a general pull back today the STocks initially are adjusting a little bit and there isn't much euforia so good for my trades. Also I haven't got any increase on IV so even better. Deltas still under/around 15 so all good.
So far BABA CALL 190 Jan19 and CVS CALL 82.5 Dec18 are the two canditate for closing postion soon. CVS will impact much more the time decay so let see if IV droping plus also a drop on the stock let me get out with some profit.
The other 3 CALLS DECK, EXPE, FSLR are around breakeven or in negative.

Relax, you really aren't that close to any of the strike prices, why close the trade at a loss when you can wait to see if they are going to make it to the strike price by expiration? I really don't see DECK and EXPE hitting that strike price by expiration.

Maybe you should consider selling naked CALLS/PUTS with a closer expiration, and then just let them expire worthless and keep all the money. Weeklies are good for that.

I hope you do very well with all of these!

Money

I am not planing to close my negative CALLs yet. Still time and room for manover so all good. I like to trade deltas around 15, and 2-3 month expiration top, I don't feel confortable around ATM or too short expiration. Even if I get wrong the trend or a retracement time decay, IV and OTM options will hopefully help me so that is the way I prefer to aproach my entries. As safe as possible !

I have a pending VMC 115 CALL Jan19 but I don't think is going to get triggered, liquidity is really poor. IV still good. I am expecting a sell off to 85 .

the SPY put credit spread I put on last week is looking good. 50c max credit so if I get it down to 10c by next week I prolly buy out of it, pocket 40c.

Selling index put spreads in the permabull market has been pretty reliable money.

I need to pay more attention on spreads like this one... good trade!

Wy is the reason to trade SPY and not SPX instead ?

SPY is the most liquid thing to trade with options and is 1/10 the size of SPX. The latter means I can put on numbers and scale out easier, if I want or need to.

bought SPY 281 calls for 5c for 19th Oct expiration a while ago,

SPY price at time of printing 280.14

75c

Good job! Trading about $1.40 now. Major money on a $500 investment....Congrats!

hey good to see old friend Cecil Gee is still around and trading.

We've had some good traders come thru here over the years - StrayDog, Wulfgar, pipple, etc - where are they now....?

btfd forever yo