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Let's Trade Options

  • #17,221
  • Mar 2, 2020 8:51am Mar 2, 2020 8:51am
Out of the following:

DIS Mar13 124 @ $1.92 up from $0.92

Spreads are getting wide on this one, so I'm glad I had an order in over the weekend....
  • #17,222
  • Mar 2, 2020 9:35am Mar 2, 2020 9:35am
Out of the following:

SPY Mar13 314 @ $1.94 up from $0.92

That's two that's been hit with a $1 profit added to the purchase price today....something to be said for getting your sell orders in the que early, I guess.

Might look at more SPY Mar13 later if it drops a little....don't want to go to too high of a strike price, though....
  • #17,223
  • Mar 2, 2020 9:41am Mar 2, 2020 9:41am
Quoting The Fool
"CREDIT ANTICIPATES, EQUITY CONFIRMS." ....easy money
....bonds soaring, rates at all-time lows, TLT $156+....not sustainable. Virus panic overblown, will subside, Spring is here, summer coming, flu season will pass. We are headed for a market rebound and TLT is going to trade back <$140 again this year. It usually has low ivs, around 10% or less, now they are floating >20%, but even sp, compare to SPY's which are over 35% near-term.

So, I am buying TLT put spreads, into April and beyond......
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,224
  • Mar 2, 2020 9:44am Mar 2, 2020 9:44am
Quoting moneymaker2
...something to be said for getting your sell orders in the que early, I guess. Might look at more SPY Mar13 later if it drops a little....don't want to go to too high of a strike price, though....
I always set up sell orders on every order when it is first entered. I usually know what the maxP is on spreads, so I will put it at 75% of that and adjust later.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,225
  • Mar 2, 2020 9:52am Mar 2, 2020 9:52am
I legged into something with SPY Mar09 $316 calls for 55c, looking to sell the Mar06 $315 or $316 calls for net credit of 25c or better....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,226
  • Edited 3:30pm Mar 2, 2020 10:13am | Edited 3:30pm
Just got in the following:

SPY Mar9 313 CALL @ $1.14

I'm not gonna hold long, though...
  • #17,227
  • Edited 3:30pm Mar 2, 2020 10:18am | Edited 3:30pm
Quoting moneymaker2
Just got in the following: SPY Mar9 313 @ $1.14 I'm not gonna hold long, though...
Out of the following:

SPY Mar9 313 CALL @ $1.64 up from $1.14

Not much but a little spending money....
  • #17,228
  • Edited 10:43am Mar 2, 2020 10:26am | Edited 10:43am
Quoting The Fool
I legged into something with SPY Mar09 $316 calls for 55c, looking to sell the Mar06 $315 or $316 calls for net credit of 25c or better....
sold Mar06 $315 @ 85c, we'll see if it can get up there by Friday.....not safe as far out as shown on the risk graph, iv's will drain that down
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-02_0838spydiag.png Size: 71 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,229
  • Mar 2, 2020 11:03am Mar 2, 2020 11:03am
largest 1-day point gain for the SnP was 116....12-26-2018....let's see
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,230
  • Mar 2, 2020 2:54pm Mar 2, 2020 2:54pm
Quoting The Fool
largest 1-day point gain for the SnP was 116....12-26-2018....let's see
They're going for the record!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,231
  • Mar 2, 2020 3:00pm Mar 2, 2020 3:00pm
Quoting The Fool
They're going for the record!
....+136 biggest gain ever
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,232
  • Mar 2, 2020 3:18pm Mar 2, 2020 3:18pm
Quoting The Fool
{quote} sold Mar06 $315 @ 85c, we'll see if it can get up there by Friday.....not safe as far out as shown on the risk graph, iv's will drain that down
....damn Mar06 $315 calls went to $1.90......this is why I'm not a perfessional trader....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,233
  • Mar 2, 2020 3:41pm Mar 2, 2020 3:41pm
Out of the following:

SPY Mar2 321 CALL @ $0.00 down from $2.48

That was a total bust. But my DIS CALLs more than made up for that loss. I need another day or two of big moves to around 280 on the DIA now.....
  • #17,234
  • Mar 3, 2020 9:21am Mar 3, 2020 9:21am
Out of the following:

SPY Mar13 318 CALL @ $3.95 up from $2.07

DIA Mar6 273 CALL @ $2.84 up from $1.84

Probably have more upside, but profit is profit....
  • #17,235
  • Mar 3, 2020 9:34am Mar 3, 2020 9:34am
the Fed will hike again at the 3/18 FOMC, another 25 bps probably. Between now and then stocks will be at the mercy of the virus headlines.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,236
  • Mar 3, 2020 9:55am Mar 3, 2020 9:55am
It would be interesting to see how many of the deaths in the US were on compromised individuals. I know a few were from a nursing home in Washington, but all of that info helps to compare apples to apples. Also, how long is the average period of recovery? Inquiring minds want to know....
  • #17,237
  • Mar 3, 2020 11:03am Mar 3, 2020 11:03am
Well from the news here I think all of the victims in WA were people who had existing serious illnesses.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,238
  • Mar 3, 2020 11:40am Mar 3, 2020 11:40am
I never trade long straddles but this whipsaw shit is made for them. I will paper trade some:

Mar4 SPY 307.5 @ $8.11 debit

Mar6 306.5 @ $10.78 debit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,239
  • Mar 3, 2020 12:26pm Mar 3, 2020 12:26pm
Quoting The Fool
I never trade long straddles but this whipsaw shit is made for them. I will paper trade some: Mar4 SPY 307.5 @ $8.11 debit Mar6 306.5 @ $10.78 debit
...I like the possibility of "infinite" returns....the Mar04 straddle already in profit
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-03_1024stradd04.png Size: 114 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,240
  • Mar 3, 2020 1:05pm Mar 3, 2020 1:05pm
Quoting The Fool
{quote}...I like the possibility of "infinite" returns....the Mar04 straddle already in profit
...Mar04 straddle above nets >$2 with SPY dipping under $300. I'd be inclined to take that or at least close the put side and wait/see if the Mar04 calls catch another wild swing.

Mar06 straddle net profit >$2.50 ....
"If The Fool persists in his Folly he will become wise." - William Blake
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