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  • #16,121
  • Oct 24, 2018 10:05am Oct 24, 2018 10:05am
Nice little run up on HD this morning. So I bailed...

HD Nov2 177.5 CALL up to $5.80 from $2.35

Right now, the only thing open is SWK Nov2 123/126 CALLS....still looks good, but really need an up day on the dow to jump start it.
  • #16,122
  • Oct 24, 2018 11:37am Oct 24, 2018 11:37am
SOLD for 55c ASLM CALL190 Exp. Nov16 IV 42 delta 0.07

Let's see if the IV start to drop at some point. Right now is at the highest of this year
  • #16,123
  • Oct 24, 2018 1:31pm Oct 24, 2018 1:31pm
SPY "IV" 2 near month expiration back again to 20% from SEP 12.5%

If this week SPY make a clear candle close below 269 I'll SELL CALL288 NOV26
  • #16,124
  • Oct 24, 2018 1:41pm Oct 24, 2018 1:41pm
the meatiest week of earnings season is next week and if we see some big beats you'd have to expect the US indices to rally. Headwinds are bond rates and uncertainty or just general antsiness about the US midterm elections
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,125
  • Oct 24, 2018 1:54pm Oct 24, 2018 1:54pm
Quoting The Fool
the meatiest week of earnings season is next week and if we see some big beats you'd have to expect the US indices to rally. Headwinds are bond rates and uncertainty or just general antsiness about the US midterm elections
My concern is that if SPY break 269 level, probably will try to go to the next level on 260 where it could bouce back but it will get away for where we are now, and what is now a support (269) in a week or so will be a resistance... just speculating
  • #16,126
  • Edited 2:07pm Oct 24, 2018 1:55pm | Edited 2:07pm
Added SWK Nov2 117 CALL @ $3.00

Already have SWK Nov2 123/126 CALLs for $1.95/$1.80
  • #16,127
  • Oct 24, 2018 2:04pm Oct 24, 2018 2:04pm
Added CAT Nov9 115 CALL for $3.45

Way oversold on both daily and weekly charts, even with good earnings release.
  • #16,128
  • Oct 24, 2018 2:05pm Oct 24, 2018 2:05pm
Quoting moneymaker2
Added SWK Nov2 117 CALL @ $3.00 Already have SWK Nov2 123/126 CALLs
STill free fall, no sign of stopping yet. 110-111 is your next support ... let's see if the earnings give the stock a boost.. good luck to you.
  • #16,129
  • Oct 24, 2018 2:15pm Oct 24, 2018 2:15pm
watching this last hour, I think we are seeing the last day or so of big legs down. Looking at ~10% down from early Oct highs to hold it and rallies on strong earnings in the next 1-2 weeks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,130
  • Oct 24, 2018 2:33pm Oct 24, 2018 2:33pm
Quoting relaxtrading
{quote} STill free fall, no sign of stopping yet. 110-111 is your next support ... let's see if the earnings give the stock a boost.. good luck to you.
Nah, it's right at support on the weekly chart. It's going to want to close that gap in the $122 level when it starts to move up. A couple of days with a positive dow is all it will take.
  • #16,131
  • Oct 24, 2018 2:55pm Oct 24, 2018 2:55pm
Quoting The Fool
watching this last hour,
Yikes.

Trying to stay away from that falling knife but eyeing short put spreads in SPY, maybe a month out...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,132
  • Oct 24, 2018 3:00pm Oct 24, 2018 3:00pm
Been a while since I've seen a >3% down day.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,133
  • Oct 24, 2018 4:45pm Oct 24, 2018 4:45pm
Selling vix spikes and buying index dips has been money for years, there is no reason to see an end to that now. Being right about how to time an entry is easier said than done tho

https://www.investopedia.com/updates...oSA&yptr=yahoo
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,134
  • Oct 24, 2018 5:33pm Oct 24, 2018 5:33pm
Quoting The Fool
Been a while since I've seen a >3% down day.....
We had a screamer two weeks ago today. We should get some kind of rebound tomorrow, even if it is short lived.

I like to buy right before the close if I can, but I thought I'd have to be out of pocket at the close, so bought SWK and CAT early. Turns out I didn't have to leave until well after the close. That cost me a little extra....
  • #16,135
  • Oct 25, 2018 5:42am Oct 25, 2018 5:42am
Quoting moneymaker2
Added CAT Nov9 115 CALL for $3.45 Way oversold on both daily and weekly charts, even with good earnings release.
that should work out well providing we have a positive day, pre market showing a price of 114.50. lock in those profits if you get the chance
  • #16,136
  • Oct 25, 2018 11:57am Oct 25, 2018 11:57am
buybacks on corporate tax cut money = Santa rally

https://finance.yahoo.com/news/next-...152912428.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,137
  • Oct 25, 2018 12:36pm Oct 25, 2018 12:36pm
SO in the election cycle, on average, us stocks rise 15% in years following mid-term elections.

Guessing a December high of 2,950 ....+15% in 2019 would be almost 3,400.....

shooting so far out you can pitch pennies for huge returns....the Sep20/Sep30 SPY $330 calendar calls debits 3c and could return well over $1.50, b/e around $315 at expiry. 3c shoot load some and check back in August
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-25_1037spy330.png Size: 175 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,138
  • Oct 25, 2018 1:16pm Oct 25, 2018 1:16pm
trying fill a SPY Dec21/31 $299/300 call diag for 3c. I am always in this Month21/31 spread - SPY gas those quarterly options - can you name the others that have quarterlies?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,139
  • Oct 25, 2018 1:22pm Oct 25, 2018 1:22pm
Quoting The Fool
Brazil elections coming this weekend and I will start cashing out some spreads. This Nov2/Nov16 call calendar cost a dime and I will look for 50c out
close...48c mid, will hit 50c if EWZ rallies a little bit into the close
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,140
  • Oct 25, 2018 2:21pm Oct 25, 2018 2:21pm
Quoting The Fool
can you name the others that have quarterlies?
GLD is one - trying fill $112 calendar puts Dec21/31 for 6c
"If The Fool persists in his Folly he will become wise." - William Blake
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