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Let's Trade Options

  • #16,241
  • Nov 5, 2018 10:41am Nov 5, 2018 10:41am
stocks should continue to rally. If anything, election results should have only short term volatility influence on them. That doesn't mean that's what will happen, though. There's a FOMC meeting this week - no rate hike expected, but outlier chance that they could say something to rock the markets. Rate hike in Dec more likely. So I have been thinking stocks would rally into Dec then fall q1 '19.

In 2019, if Dems have taken back the House, we could see gridlock at best, perhaps lots of volatility induced by politics. US stocks are m/l flat for 2018 - maybe the bull market is topping? I kind of think big swings we have seen in late 2018 are a taste of things to come. With Fed raising rates and news of impeachment, political violence, etc - perhaps could see a protracted selloff.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,242
  • Nov 5, 2018 6:53pm Nov 5, 2018 6:53pm
Quoting moneymaker2
…. I'm sitting out until Wednesday. I figure the midterm is gonna have some effect on the market no matter what happens....
Well, I thought I could wait, but I can't. This one looks too much like it will make some money:

SBUX Nov23 65 PUT @ $1.60 or better
  • #16,243
  • Nov 5, 2018 7:14pm Nov 5, 2018 7:14pm
Quoting moneymaker2
{quote} Well, I thought I could wait, but I can't. This one looks too much like it will make some money: SBUX Nov23 65 PUT @ $1.60 or better
Good luck with that, I'm looking at NVDA 220 call Nov 9 exp if I can get it for under $3 tomorrow. looking for a pump up before its earnings on 15 Nov
  • #16,244
  • Nov 5, 2018 7:18pm Nov 5, 2018 7:18pm
Quoting Cecil Gee
{quote} Good luck with that, I'm looking at NVDA 220 call Nov 9 exp if I can get it for under $3 tomorrow. looking for a pump up before its earnings on 15 Nov
closing price for NVDA was 211.77 so if it opens any where near it close then the call options i want should come under $3

NVIDIA Corporation (NVDA)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
Add to watchlist
211.77-3.15 (-1.47%)
At close: 5 November 4:00PM EST
212.50 +0.73 (0.34%)
After hours: 7:57PM EST
  • #16,245
  • Nov 5, 2018 10:10pm Nov 5, 2018 10:10pm
Quoting Cecil Gee
{quote} Good luck with that, I'm looking at NVDA 220 call Nov 9 exp if I can get it for under $3 tomorrow. looking for a pump up before its earnings on 15 Nov
The weekly chart on NVDA looks great for a jump up, but the daily chart looks like there might be some more short term downward movement left, so just be careful this close to expiration. I've been bit on stuff like that before....
  • #16,246
  • Nov 5, 2018 10:25pm Nov 5, 2018 10:25pm
I think I'm gonna do some data collecting and see the results of some picks off my weekly charts only. Normally I use them as a second opinion, but I'm gonna see if they are good to give a longer term perspective on things (using the same method of picking I use for the daily charts) that might be worthwhile using in the future.
  • #16,247
  • Nov 5, 2018 11:01pm Nov 5, 2018 11:01pm
I hadn't really been sizing up this election week as a binary event but throwing the FOMC into the mix maybe moving me to take a chance short the market.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,248
  • Nov 6, 2018 5:28am Nov 6, 2018 5:28am
Quoting moneymaker2
{quote} The weekly chart on NVDA looks great for a jump up, but the daily chart looks like there might be some more short term downward movement left, so just be careful this close to expiration. I've been bit on stuff like that before....
All i want is a move up for a few dollars in the stock it doesn't matter if the option strike is hit because on these options just the potential they might will be enough to increase the options as long as its done soon
  • #16,249
  • Nov 6, 2018 5:29am Nov 6, 2018 5:29am
Quoting moneymaker2
I think I'm gonna do some data collecting and see the results of some picks off my weekly charts only. Normally I use them as a second opinion, but I'm gonna see if they are good to give a longer term perspective on things (using the same method of picking I use for the daily charts) that might be worthwhile using in the future.
should be interesting good luck
  • #16,250
  • Nov 6, 2018 6:11am Nov 6, 2018 6:11am
in limbo area here in the DOW futures which may kill premium on options quite fast, for long above 25,800 for shorting 24,800 current price 25, 383

I will cut my SPY options if they fall below 50c and take the loss if i have too
  • #16,251
  • Nov 6, 2018 8:54am Nov 6, 2018 8:54am
Quoting moneymaker2
{quote} Well, I thought I could wait, but I can't. This one looks too much like it will make some money: SBUX Nov23 65 PUT @ $1.60 or better
Sweet! Got in cheaper this morning:

SBUX Nov23 65 PUT @ $1.40
  • #16,252
  • Nov 6, 2018 8:56am Nov 6, 2018 8:56am
Quoting The Fool
I hadn't really been sizing up this election week as a binary event but throwing the FOMC into the mix maybe moving me to take a chance short the market.
Or not.....sitting on hands
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,253
  • Nov 6, 2018 9:10am Nov 6, 2018 9:10am
I have Nov16/19 SPXW 2825 calendar calls, cost me 45c, worth 95c now.....holding
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,254
  • Nov 6, 2018 11:53am Nov 6, 2018 11:53am
Just added some more:

SBUX Nov23 65 PUT at $0.85

That drops the average cost of SBUX to just under $1.13, which should make for some good money.....
  • #16,255
  • Nov 7, 2018 4:28am Nov 7, 2018 4:28am
Quoting Cecil Gee
New week and new trades, i'm looking for bullish trades this week after last weeks weekly candles on many stocks I watch closing the same way, Futures on the DOW i has just turned positive a short time ago (as I write its just gone negative) but i'm still bullish.I have a small position on the futures at 25,242 with a stop just under 25,200 on my spread bet account real time price is 25,243 so ill see what happens there. I'm hoping to get into SPY 276 CALL OPTIONS for around $1.30 if possible with NOV 9 exp if market...

i'll be closing the above trade later today, looking to close anywhere near 280 in SPY IF i can pre market price is at 278.11, I actually got in at $1.26. Yesterdays closing price for the options was 2.32 that was the last traded price.

SPDR S&P 500 ETF (SPY)
NYSEArca - Nasdaq Real-time price. Currency in USD
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Quote lookup
275.11+1.72 (+0.63%)
At close: 6 November 4:00PM EST
278.11 +2.99 (1.09%)
Pre-market: 5:20AM EST
  • #16,256
  • Nov 7, 2018 4:38am Nov 7, 2018 4:38am
Quoting Cecil Gee
{quote} closing price for NVDA was 211.77 so if it opens any where near it close then the call options i want should come under $3 NVIDIA Corporation (NVDA) NasdaqGS - NasdaqGS Real-time price. Currency in USD Add to watchlist 211.77-3.15 (-1.47%) At close: 5 November 4:00PM EST 212.50 +0.73 (0.34%) After hours: 7:57PM EST
NVDA I'm currently underwater here I got in at $2.48 for the $220 calls NOV 9 EXP closed at $1.70 yesterday but traded as high as $3.20. I'm was expecting a bigger bounce yesterday looks like we may get it today.

pre market price is 216, so those option should increase and get me back in the black. will look to close later in the day

NVIDIA Corporation (NVDA)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
Add to watchlist
211.06-0.71 (-0.34%)
At close: 6 November 4:00PM EST
216.00 +4.94 (2.34%)
Pre-market: 4:37AM EST
  • #16,257
  • Nov 7, 2018 9:02am Nov 7, 2018 9:02am
Just added some more:

SBUX Nov23 65 PUT at $0.50

That drops the average cost of SBUX to just over $0.91, which should make for some REALLY good money.....
  • #16,258
  • Nov 7, 2018 9:28am Nov 7, 2018 9:28am
a lot of detective work shows stocks that bounce on their ER generally continue to rise in the month following...it may be a mistake to see the SBUX earnings bounce as a move into OB territory

good luck with it though
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,259
  • Nov 7, 2018 10:30am Nov 7, 2018 10:30am
No mistake. I'll make money with SBUX.

You gotta have confidence in your methods, You gotta believe your indications. They didn't believe their indications at Three Mile Island and you see how THAT turned out!....
  • #16,260
  • Nov 7, 2018 11:40am Nov 7, 2018 11:40am
Quoting The Fool
I have Nov16/19 SPXW 2825 calendar calls, cost me 45c, worth 95c now.....holding
...up to $1.60, I will prolly cash out b4 the FOMC
"If The Fool persists in his Folly he will become wise." - William Blake
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