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Let's Trade Options

  • #17,121
  • Feb 13, 2020 1:43pm Feb 13, 2020 1:43pm
In the following:

SPY Feb28 337 PUT @ $2.45

I guess if I'm gonna invest in the Dow, I might as well invest in the S&P, too......
  • #17,122
  • Feb 14, 2020 10:43am Feb 14, 2020 10:43am
Quoting moneymaker2
In the following: DIA Feb20 295 PUT @ $2.20
Out of the following:

DIA Feb20 285 PUT @ $2.42 up from $2.20

Not a lot, but a little bit of profit there. Didn't drop like I expected it to do today, and with the market closed Monday I just didn't want to hold any longer.

Might get into a different expiration date later today.....
  • #17,123
  • Feb 14, 2020 10:49am Feb 14, 2020 10:49am
Looks like it is going to slowly drift down the rest of the day, so I went ahead and got in the following:

DIA Feb28 294 PUT @ $2.55

Gives it a little more time to drop for some money....
  • #17,124
  • Feb 18, 2020 10:04am Feb 18, 2020 10:04am
Quoting moneymaker2
Looks like it is going to slowly drift down the rest of the day, so I went ahead and got in the following: DIA Feb28 294 PUT @ $2.55 Gives it a little more time to drop for some money....
Out of the following:

DIA Feb28 294 PUT @ $3.50 up from $2.45

Not a killer amount, but a good profit....
  • #17,125
  • Feb 18, 2020 10:07am Feb 18, 2020 10:07am
Quoting moneymaker2
In the following: SPY Feb28 337 PUT @ $2.45 I guess if I'm gonna invest in the Dow, I might as well invest in the S&P, too......
Out of the following:

SPY Feb28 337 PUT @ $2.95 up from $2.45

Maybe this week some stocks will be ready to trade. Otherwise, I guess I'll just stick with these two (probably just the DIA) while I'm waiting....
  • #17,126
  • Feb 18, 2020 10:55am Feb 18, 2020 10:55am
Of course, the day that is finally warm and dry enough to do yard work and I have to get out of the trades they continue heading south....*sigh*….

But, a profit is a profit and I just don't like having much money tied up in trades and not being able to watch. But since I am not as good at killing the crabgrass as I am trading options, I have to set my priorities!!
  • #17,127
  • Feb 18, 2020 6:06pm Feb 18, 2020 6:06pm
Here is one I'll be looking at tomorrow:

R Mar20 40 CALL @ $1.00 or better

Should be poised for a move up enough to be decent money. Daily chart looks good and the weekly may have the entire body of the candle outside the lower BB, which nearly always means a move back up.

I'll watch to see what it does in the morning, and if we have another lower day tomorrow based on pre-market, I'll wait to get in at a better price, or may even look at the 37.5 strike price if it goes down much further. Regardless, Mar20 is a long time for it to move back up, so no real hurry there.....
  • #17,128
  • Feb 19, 2020 10:06am Feb 19, 2020 10:06am
Quoting moneymaker2
Here is one I'll be looking at tomorrow: R Mar20 40 CALL @ $1.00 or better Should be poised for a move up enough to be decent money. Daily chart looks good and the weekly may have the entire body of the candle outside the lower BB, which nearly always means a move back up. I'll watch to see what it does in the morning, and if we have another lower day tomorrow based on pre-market, I'll wait to get in at a better price, or may even look at the 37.5 strike price if it goes down much further. Regardless, Mar20 is a long time for it to move back up,...
In the following:

R Mar20 37.5 CALL @ $1.90

The 40 strike is still a good play, but the 37.5 strike gives you more bang for the buck. Should be good for some money, though it may take longer than normal....
  • #17,129
  • Feb 19, 2020 2:21pm Feb 19, 2020 2:21pm
Quoting moneymaker2
{quote} In the following: R Mar20 37.5 CALL @ $1.90 The 40 strike is still a good play, but the 37.5 strike gives you more bang for the buck. Should be good for some money, though it may take longer than normal....
Out of the following:

R Mar20 37.5 CALL @ $3.20 up from $1.90

Came up faster than I expected and is now starting to butt up against a little resistance, so a good time to exit. It might drop back down making the 40 strike price another play in the next day or so. But if it doesn't, still some good money on this trade.

Funny thing is, even with the lower Delta, the 40 strike price gave more bang for the buck on this move.....from $0.75 to $1.60 vs. $1.90 to $3.20
  • #17,130
  • Feb 19, 2020 2:32pm Feb 19, 2020 2:32pm
Looking at getting into the following before the close:

NVDA Feb28 300 PUT @ ~$2.50 or better

The pop yesterday and today will be short lived....
  • #17,131
  • Feb 19, 2020 2:39pm Feb 19, 2020 2:39pm
Quoting moneymaker2
Looking at getting into the following before the close: NVDA Feb28 300 PUT @ ~$2.50 or better The pop yesterday and today will be short lived....
In the following:

NVDA Feb28 300 PUT @ $2.36

Should be good for some spending money.....
  • #17,132
  • Feb 20, 2020 12:43pm Feb 20, 2020 12:43pm
Quoting moneymaker2
{quote} In the following: NVDA Feb28 300 PUT @ $2.36 Should be good for some spending money.....
Out of the following:

NVDA Feb28 300 PUT @ $8.90 up from $2.36

Now THAT's a decent chunk of change...….
  • #17,133
  • Feb 20, 2020 2:51pm Feb 20, 2020 2:51pm
Looking at getting into the following before the close:

AAN Mar20 50 CALL @ $0.55 or better

A cheap one with a long time until expiration. Should be good for some money....
  • #17,134
  • Feb 20, 2020 2:57pm Feb 20, 2020 2:57pm
In the following:

AAN Mar20 50 CALL @ $0.55

And now, we wait.....
  • #17,135
  • Feb 20, 2020 7:41pm Feb 20, 2020 7:41pm
https://www.marketwatch.com/story/op...of2&yptr=yahoo

sometimes you just gotta pay the limit....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,136
  • Edited Feb 21, 2020 10:23am Feb 20, 2020 9:48pm | Edited Feb 21, 2020 10:23am
Quoting The Fool
https://www.marketwatch.com/story/op...of2&yptr=yahoo sometimes you just gotta pay the limit....
The guy in the article states concerning the ratio of CALLs to PUTs: “This apparent indicator of extreme complacency — or lack of fear — does give us some pause when considering the further near-term potential of the stock rally,” Lyons wrote in his note. He also said that when there is a disproportionate number of CALLs to PUTs, "it generally means traders are very bullish — and potentially too complacent about risk,”.

Perhaps it is not extreme complacency, but extreme optimism, that causes people to expect a continued uptrend in the market.....and a pause should be in the shadows when in a stock rally, as everyone knows there will always be corrections and retracements in the future. And if being very bullish equates to risk complacency, I have to wonder exactly what his idea of nominal risk would be?

Regardless, it is those extreme conditions of greed and fear that give me good trading opportunities...….
  • #17,137
  • Feb 20, 2020 10:14pm Feb 20, 2020 10:14pm
Three stocks I'll be looking at in the morning:

SIX Mar20 35 CALL @ $0.45 or better...cheap and a long time for it to move back up

STMP and DPZ.....both will be more expensive, but they shot up so fast they don't even have the strike prices to cover the move yet.

I like STMP better, because seriously, should Stamps.com stock jump up >65% even with good earnings?.......
  • #17,138
  • Feb 20, 2020 10:26pm Feb 20, 2020 10:26pm
It's a bull market, old turkey. TINA. BTFD. SoS....

There will be vo building as we get closer to the US elections, but that's a long time. If we see some alarming news about the virus, that could do it too....but I think the better chance is that the virus fright will fade away.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,139
  • Feb 21, 2020 12:00am Feb 21, 2020 12:00am
looking at the snp daily chart....you have to go back to end July 2019 to find 3 red candles in a row. Might see it tomorrow....btfd
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,140
  • Feb 21, 2020 8:01am Feb 21, 2020 8:01am
Huge spreads on both DPZ and STMP right now, but that should level off at the open. It will be interesting to see what the numbers are on the new strike prices....
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