Let's Trade Options

Got some of my old option training stuff out of storage last night. I'll see if I can't figure out if some of these different strategies might help me squeeze a little more money out of my trades...

Have you ever checked out tastytrade?

Closed a SPX Nov16/19 2500 put calendar for 30c net, thought that was a dead trade...

No, but I will tonight. Thanks....

My 5c EWZ Nov16/Dec21 $43/44 call calendar is worth 35c today, with EWZ rallying >3% to >$40. If EWZ posts another good rally Friday I might see a great finish, maybe 50c....so I hold

there's tons of vids of all kinds, some are very focused and some are very chatty - I'd go to the focused ones that are made for instruction. You can find many vids on any narrow topic in options trading and it could take months to go through just the ones that are good.

Enjoy.

Need to see some trending USD weakness to boost Brazil and other "emerging" markets...

i'm considering taking a high risk Friday lotto trade on AMZN, price is 1599 a I write If it can reach and trade above 1606 then I'm in for a 1625 call option with todays expiry i'm hoping to be in for around $4 or so.

ALL depends on above criteria

Amazon.com, Inc. (AMZN)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
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1,601.80-17.64 (-1.09%)
As of 10:27AM EST. Market open.

still not in just moments ago it went to 1605.50 then back down to 1600

Got in at $3.90.... high risk!

not working out, will get what I can below a certain price if I can

Yeah, expiration day trades are usually pretty risky, but they can pay off really nicely, too.

I almost never do any scalping with options. Closest thing I ever do is setup strangles on ER dates. The problem with the latter is iv's will swell before the ER and yo'll pay thru the nose for the strangle. I made money on some of them that moved really well but lost a lot on those that saw little movement after the ER.

Will hold the $44 long calls as they have a month left. EWZ will struggle as long as the USD stays strong, but if USD slides next week and we get a general market rally, even a weak one, then EWZ will go above $41 and the Dec21 $44 long calls will go >$0.50. I had hoped for a dollar.....

Added the following:

SBUX Dec7 67.5 PUT @ $1.00

SBUX weekly chart still looks really good, but with each candle being a week, it make take 3-4 more weeks to complete the move. Definitely a lot slower than when trading mainly off the daily charts.

I'll do some more research, but the weekly charts may be better suited for something starting within 2-3 weeks and finishing about 6 weeks out. That in itself could be advantageous in certain circumstances....

Added SBUX Nov30 66.5 PUT @ $0.45

These two should mitigate any losses from next weeks PUTs if SBUX doesn't drop towards $65 by end of next week.

filled a QQQ Nov30 broke wing call fly $166/168/171 for 8c....risk 8c to net out up to 55c, will look for 30c net or better next week

Well, I got out of the Nov23 SBUX 65 PUTs this morning at $0.19 from an average of just over $0.91, which is a bummer.

Still have SBUX Dec7 67.5 and Nov30 66.5 which should make up for the loss. I just hate wasting all the time on a breakeven trade.

I would have thought SBUX should have moved a little faster than it did based on the charts. The weekly charts are something I've just added to my arsenal and may need a little tweaking....

no country for bulls - btfd is broken....

Well, I found out what the problem was....it was ME!

The charting program I use has more indicators than a human needs, but the ones I do use I go into the program and customize a couple of them to do what I need them to do. Been doing that for years and they work great for the way I trade. Well, I downloaded an update a few weeks ago that took me from a beta version to the full updated version...a non-issue. Only it WAS an issue because when it took me out of the beta version, it reset all of my indicators to default values. The BB and EMAs were fine and they didn't change, but the three indicators I use to actually decide what to trade did! While the basic shape remained the same, where they fell on the chart was skewed. They still provided a signal on what was going to move, just not an accurate indication of WHEN it was going to move, so everything was off by about 3 candles, which on the weekly charts, is at least 3 weeks! With the CORRECT indicators, all the stocks I've been watching on the weekly charts for the last two weeks have been a complete waste of time.....

If I didn't have a habit of taking screenshots when I'm looking at a stock, I might not have caught it for a while! A very simple thing turned out to be a pretty major thing. I never thought an update would change anything, as it normally doesn't, but you can bet I will periodically veryify correct indicator settings going forward!

I'm just glad I only traded two stocks (WTW and SBUX). Normally by this time of the month, I've got 8-10 trades already. Looking at them now, SBUX should still be okay to squeeze a little more out of them, WTW might not make it, but I did get in cheap, so we'll see.

Okay, lets see what I can do to salvage this month into a positive one.....