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Let's Trade Options

  • #16,681
  • Mar 6, 2019 9:09am Mar 6, 2019 9:09am
In:

ALK Apr19 57.5 CALL @ $1.90

Should be ready for a bounce in the next few days....
  • #16,682
  • Mar 6, 2019 9:41am Mar 6, 2019 9:41am
Quoting The Fool
iv cycles low post earnings...we about midway between ER's. that when I shop low vol setups. My $3.xx put calendar could return 30bag if NFLX drops back under $200 where it belongs after the Q1 ER... {image} {image}
TF, so after the April Puts expire, you can cash in your June Puts at any time, is that correct? And as long as you can do it for more than $3.36, you're making a profit, right?
  • #16,683
  • Mar 6, 2019 10:19am Mar 6, 2019 10:19am
Quoting moneymaker2
{quote} TF, so after the April Puts expire, you can cash in your June Puts at any time, is that correct? And as long as you can do it for more than $3.36, you're making a profit, right?
correctamundo, neighboroony. In this case the the calendar is just a way to get in the long puts at a reduced cost basis

...sell the front option on a date just before the ER, then you can let it expire and sell another ... iv will continue to rise, so the calendars will get cheaper, too, most likely
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,684
  • Mar 6, 2019 11:16am Mar 6, 2019 11:16am
Added the following:

WBA Mar22 64.5 CALL @ $0.40, so the average is down to $0.51

WBA Mar22 60 CALL @ $2.25

Both of these should be in a good position for some money......
  • #16,685
  • Mar 6, 2019 9:05pm Mar 6, 2019 9:05pm
One to look at in the morning:

GDOT Apr19 60 CALL @ $1.80 or better

Based on what it opens at, might bump the Bid up to $1.90, as it is ripe for a bounce....
  • #16,686
  • Mar 7, 2019 9:11am Mar 7, 2019 9:11am
Quoting moneymaker2
One to look at in the morning: GDOT Apr19 60 CALL @ $1.80 or better Based on what it opens at, might bump the Bid up to $1.90, as it is ripe for a bounce....
In the following:

GDOT Apr19 60 CALL @ $1.75
  • #16,687
  • Mar 7, 2019 10:13am Mar 7, 2019 10:13am
Quoting moneymaker2
Added the following: WBA Mar22 64.5 CALL @ $0.40, so the average is down to $0.51 WBA Mar22 60 CALL @ $2.25 Both of these should be in a good position for some money......
Added to the following:

WBA Mar22 64.5 CALL @ $0.22, which brings the average to just over $0.41

WBA Mar22 60 CALL @ $1.50, which brings the average to $1.875

Should be good for some money if we can get an up day on the market soon......
  • #16,688
  • Mar 7, 2019 11:14am Mar 7, 2019 11:14am
Out of the following:

PM Mar15 87 PUT @ $1.18 up from $1.17, so at lease it paid for commission

Broke even on this one, took a loss on the 85 PUTs. The 10EMA and mid-BB are converging at about $86.30, and even with some good down days the past week, the stock doesn't have enough 'oomph' to bust through, so it certainly won't on any positive days! I was lucky to get out at break even on this one......
  • #16,689
  • Mar 7, 2019 12:39pm Mar 7, 2019 12:39pm
In the following:

WBA Mar22 61 CALL @ $0.99

For whatever reason, weekly $0.50 increments are showing up now down through 61. Up until now, the strike price was 60, then the next was 64.5.....I'll have to talk to etrade about this.....
  • #16,690
  • Mar 8, 2019 8:52am Mar 8, 2019 8:52am
Added to the following:

ALK Apr19 57.5 CALL @ $1.40, drops the average to $1.65

That should be in a good position to make some money shortly......
  • #16,691
  • Mar 8, 2019 11:50am Mar 8, 2019 11:50am
Have another Bid in for:

ALK Apr19 57.5 CALL @ $1.25...maybe it will get hit before the end of the day....it just traded at that 10 minutes ago, unfortunately it wasn't mine that was hit....
  • #16,692
  • Mar 8, 2019 12:19pm Mar 8, 2019 12:19pm
Things (stocks or indexes) do not like to open and close outside of a Bollinger Band and when you see the entire body of a candle outside of them (like the DIA and OEX is outside the lower BB), the next day it will typically get back into the bands pretty quickly, which is good for any Call options out there. That being said, as long as the DJIA doesn't push lower and drag the lower BB with it, we should see a move up next week (barring any world events).
  • #16,693
  • Mar 8, 2019 12:44pm Mar 8, 2019 12:44pm
Quoting moneymaker2
Have another Bid in for: ALK Apr19 57.5 CALL @ $1.25...maybe it will get hit before the end of the day....it just traded at that 10 minutes ago, unfortunately it wasn't mine that was hit....
Just got hit for:

ALK Apr19 57.5 CALL @ $1.25, which brings the average to $1.52

I cancelled the order then immediately resent it and it was hit with no change in the stock price....things that make you go " hmm?!"....
  • #16,694
  • Mar 11, 2019 10:32am Mar 11, 2019 10:32am
Have a Hail Mary Bid in for:

ALK Apr19 57.5 CALL @ $1.10

Probably won't get hit, but if it does, average cost would be $1.41 and in a really nice position to move back up shortly....
  • #16,695
  • Mar 11, 2019 12:33pm Mar 11, 2019 12:33pm
Quoting moneymaker2
Have a Hail Mary Bid in for: ALK Apr19 57.5 CALL @ $1.10 Probably won't get hit, but if it does, average cost would be $1.41 and in a really nice position to move back up shortly....
Boom! Was watching as it moved down and got it at $0.95!!!...Average is now $1.375, which is awesome!

It is in a great position for a move up with plenty of time, so this will be good money....
  • #16,696
  • Mar 11, 2019 1:19pm Mar 11, 2019 1:19pm
btfd 4ever, can we break 2825?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,697
  • Mar 11, 2019 7:31pm Mar 11, 2019 7:31pm
Quoting Cecil Gee
{quote} Good job, looking at boeing put side only starting some time next week
glad I didn't take that trade.
  • #16,698
  • Mar 11, 2019 7:42pm Mar 11, 2019 7:42pm
looking to get into a NFLX calls 370 strike price 22 March exp for around $3, closing price today was $2.92. It has potential. I'll wait for the open tomorrow to see price.
NFLX closed at 358.86
  • #16,699
  • Mar 11, 2019 10:36pm Mar 11, 2019 10:36pm
Quoting Cecil Gee
looking to get into a NFLX calls 370 strike price 22 March exp for around $3, closing price today was $2.92. It has potential. I'll wait for the open tomorrow to see price. NFLX closed at 358.86
Should make money if it doesn't spike up at the open. Upper BB is around $267.50, and will repaint a little higher as price moves up, so that will be your first resistance...…..if it looks like it will close near that, might want to consider taking some money off the table....I've been bitten when it hits resistance and rather than punching through, just bounces off the next day!
  • #16,700
  • Mar 11, 2019 10:38pm Mar 11, 2019 10:38pm
Quoting moneymaker2
Things (stocks or indexes) do not like to open and close outside of a Bollinger Band and when you see the entire body of a candle outside of them (like the DIA and OEX is outside the lower BB), the next day it will typically get back into the bands pretty quickly, which is good for any Call options out there. That being said, as long as the DJIA doesn't push lower and drag the lower BB with it, we should see a move up next week (barring any world events).
Attached Image (click to enlarge)
Click to Enlarge Name: Outside BB.png Size: 58 KB

DIA and OEX both look like this one.....
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