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Let's Trade Options

  • #16,761
  • Apr 3, 2019 10:45am Apr 3, 2019 10:45am
Quoting moneymaker2
{quote} Out of: RH Apr19 10 CALL @ $3.80 up from $2.80
One of the downfalls of setting a limit and walking away.....I got hit this morning for $3.80, which is a good profit, but it just traded at $5.20 a few minutes ago and probably still has some more upside....but, that's the breaks...
  • #16,762
  • Apr 3, 2019 5:43pm Apr 3, 2019 5:43pm
Well, there are a few worth looking at in the morning, but nearly everything shows a downward move within the next few days, even the SPX and DJIA, so I'm not even looking at any Calls right now. I'll be looking at these to make some decent money:

AMP Apr19 135 PUT @ $1.90 or better

APH Apr19 100 PUT @ $0.90 or better

WYNN Apr19 135 PUT @ $2.60 or better

NTES Apr19 267.5 PUT @ $6.80 or better. This one is normally a lot more than what I normally like to spend without getting a lot of contracts for the money, but this is a good buy so I might get some just to make some quick money.

With luck, pre-markets will be a little positive tomorrow at the open and allow entry into these at even better prices.......if it opens with a big gap lower, all bets are off unless some of these don't move right away. I've caught the market makers sleeping at the open before and can hit the Ask price before the stock is traded, but it looks like most of the time now they adjust their Bid/Ask spread right at the close to compensate for any little lags in the morning......
  • #16,763
  • Apr 4, 2019 6:45am Apr 4, 2019 6:45am
In the following:

AMP Apr19 135 PUT @ $1.75

WYNN Apr19 135 PUT @ $2.10

They hould make some money in the next few days....

Have a bid in for NTES Apr19 270 PUT @ $6.50, but the spread is huge this morning, so might not get hit....
  • #16,764
  • Apr 4, 2019 6:56am Apr 4, 2019 6:56am
Changed NTES to get into:

NTES Apr19 267.5 PUT @ $6.10

The 270 PUT was pushing Ask up too much and no one seemed interested in splitting the spread, so I just moved lower. Should be good for some money, though...
  • #16,765
  • Apr 4, 2019 7:07am Apr 4, 2019 7:07am
Considering the accuracy with which I can forecast FX prices on a daily/weekly timeframe I've often thought I could make a killing if I knew how to trade currency options but I don't really know anything about them and don't have a broker set up to trade them. If the FX learning curve is around 3-5 years, should I expect the same for options trading?
  • #16,766
  • Apr 4, 2019 7:27am Apr 4, 2019 7:27am
Quoting clemmo17
Considering the accuracy with which I can forecast FX prices on a daily/weekly timeframe I've often thought I could make a killing if I knew how to trade currency options but I don't really know anything about them and don't have a broker set up to trade them. If the FX learning curve is around 3-5 years, should I expect the same for options trading?
I only trade stock/index options, so I don't know anything about currency options, so I'm not able to help much with that. Sorry....
  • #16,767
  • Apr 4, 2019 8:01am Apr 4, 2019 8:01am
Added to the following:

KMX Apr19 69 PUT @ $0.35, which brings the average down to just over $0.53.

With a decent amount of contracts, that should be good for a decent amount of money....
  • #16,768
  • Apr 5, 2019 6:07am Apr 5, 2019 6:07am
Quoting Cecil Gee
New long on NVDA, i've bought calls on NVDA 185 strike for 29 March exp at $2.67 . NVDA is trading at 180.96 as of writing NVDA Mar 2019 185.000 call OPR - OPR Delayed price. Currency in USD Add to watchlist 2.67-1.13 (-29.7368%) As of 9:58AM EDT. Market open.
out at $1.55 last week
  • #16,769
  • Apr 5, 2019 6:11am Apr 5, 2019 6:11am
Quoting Cecil Gee
Amzn really strong since early march and its bull breakout past 1700, a small retrace would be nice but don't know if it will happen, so a little while ago I bought some calls in the stock $1900 call price for 5th April expiry a little over 2 weeks, it may never reach 1900 but even if it gets 1850 by next week the option should move well to hit me with some profits. I was in a $5.45 and have a mental stop for now at just under $3 should it move against me, i will change accordingly to market conditions. AMZN is trading...
was up too $7.80 hung on more then that large pullback 2 Fridays ago and the price never recovered, had time to get out with a profit but greed got the better off me so in the end closed at $3.95 last week, losing $1.50 per contract plus comms, not good
  • #16,770
  • Apr 5, 2019 6:27am Apr 5, 2019 6:27am
looking at a potential lotto PUT trade on NFLX for today's expiration waiting for markets to open. Initial pre markets looking green due to jobs market but indexes look exhausted on my charts as does NFLX, gonna hold off to see if there is continuation with the good numbers when markets open shortly, will trade accordingly if it starts going down. The one i'm looking at is NFLX 365 put for a dollar if it happens. No trades this week
  • #16,771
  • Apr 5, 2019 7:47am Apr 5, 2019 7:47am
Quoting Cecil Gee
looking at a potential lotto PUT trade on NFLX for today's expiration waiting for markets to open. Initial pre markets looking green due to jobs market but indexes look exhausted on my charts as does NFLX, gonna hold off to see if there is continuation with the good numbers when markets open shortly, will trade accordingly if it starts going down. The one i'm looking at is NFLX 365 put for a dollar if it happens. No trades this week
I am in at 66c

NFLX Apr 2019 365.000 put
OPR - OPR Delayed price. Currency in USD
Add to watchlist
0.66-0.55 (-45.4545%)
As of 10:30AM EDT. Market open.
  • #16,772
  • Apr 5, 2019 8:04am Apr 5, 2019 8:04am
Added to the following:

NTES Apr19 267.5 PUT @ $3.00, making the average cost $4.55

Should be in a good position when it moves down shortly.....
  • #16,773
  • Apr 5, 2019 8:10am Apr 5, 2019 8:10am
Quoting Cecil Gee
{quote} I am in at 66c NFLX Apr 2019 365.000 put OPR - OPR Delayed price. Currency in USD Add to watchlist 0.66-0.55 (-45.4545%) As of 10:30AM EDT. Market open.
out $1.27

NFLX Apr 2019 365.000 put
OPR - OPR Delayed price. Currency in USD
Add to watchlist
1.2700+0.0600 (+4.96%)
As of 10:49AM EDT. Market open.
  • #16,774
  • Apr 5, 2019 8:18am Apr 5, 2019 8:18am
Quoting Cecil Gee
{quote} was up too $7.80 hung on more then that large pullback 2 Fridays ago and the price never recovered, had time to get out with a profit but greed got the better off me so in the end closed at $3.95 last week, losing $1.50 per contract plus comms, not good
That's too bad, Cecil, but you'll recoup that loss in no time! I know what you mean about the greed. I really think that is one of the biggest downfall of traders, and everyone has been bitten by that at one time or another.

What helps me is I always try to trade the same number of contracts, and then the profit target becomes an easier target rather than trying for a percentage of the price, so if I have 25 contracts, a positive move of $1/share becomes a total profit of $2500, or 100 contracts mean a $0.10 move in price is $1000 profit.....and then I look to see if price is near any support/resistance that may cause it to falter and get out accordingly. I try to make a minimum of $1000 profit per trade, so anything above that is gravy.

I leave money on the table quite often, but I am a firm believer that you won't go broke taking a profit!
  • #16,775
  • Apr 5, 2019 10:14am Apr 5, 2019 10:14am
Quoting Cecil Gee
was up too $7.80 hung on more then that large pullback 2 Fridays ago and the price never recovered, had time to get out with a profit but greed got the better off me so in the end closed at $3.95 last week, losing $1.50 per contract plus comms, not good
...always there, no matter how long you've been trading.....greed, indecision, fear, impatience.....you'll get em next time CG
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,776
  • Apr 5, 2019 10:29am Apr 5, 2019 10:29am
Quoting The Fool
yield seeking pigs should pick up the equity rally to new ath's into Q2. Trying to leg into some spreads, bot SPX 4/10 2900 calls for $1.90 today....will sell the same day 2905 calls for >$2.00 if the tickup gets legs thru the week...
...in the vert for a 15c credit, coming off today, not gonna let a winner slide, right at my tp @ $1.65...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,777
  • Apr 5, 2019 10:41am Apr 5, 2019 10:41am
Quoting moneymaker2
Added to the following: NTES Apr19 267.5 PUT @ $3.00, making the average cost $4.55 Should be in a good position when it moves down shortly.....
Couldn't help it...had a Hail Mary Bid out and it got hit, so added to:

NTES Apr19 267.5 PUT @ $2.00, so now the average cost is $3.70

Shoulda waited on that first trade at $6.10 and saved some money and got more contracts, but like TF said, impatience is always lurking around your trading area....
  • #16,778
  • Apr 5, 2019 11:12am Apr 5, 2019 11:12am
Quoting The Fool
...in the vert for a 15c credit, coming off today, not gonna let a winner slide, right at my tp @ $1.65...
...FILLED.

I still see upside for US indices, thr next big thing is some kind of "deal" between China & US on trade. With that out of the way we should see new ath's across the board.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,779
  • Apr 6, 2019 12:18am Apr 6, 2019 12:18am
Quoting The Fool
{quote}...always there, no matter how long you've been trading.....greed, indecision, fear, impatience.....you'll get em next time CG
correct guys, our own emotions and mindset is the biggest risk factor, having said that I bought more calls on AMZN just before the close. I had to go a little further out in price as it was cheaper .Amzn is looking bullish as are the indexes after yesterdays weekly SPX candle closing strong .Details of the trade are below

Strike price 1920 AMZN calls. EXP date 18 April 2019. just before the earnings 24 April . Price 4.10

If they move higher with the increase in implied volatility nearing the earnings should price the options even higher

AMZN Apr 2019 1920.000 call
OPR - OPR Delayed price. Currency in USD
Add to watchlist
4.10+0.65 (+18.8406%)
As of 5 April 3:59PM EDT. Market open.
  • #16,780
  • Apr 6, 2019 5:32am Apr 6, 2019 5:32am
3000 OR BUST....
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
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