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Let's Trade Options

  • #17,361
  • Mar 16, 2020 1:06am Mar 16, 2020 1:06am
Quoting moneymaker2
Yep, short term straight PUTs and CALLs are just my thing, what can I say??…….
I know brother. I will never make a spreader out of you. Happy Trades.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,362
  • Mar 16, 2020 7:47am Mar 16, 2020 7:47am
Quoting The Fool
{quote}I know brother. I will never make a spreader out of you. Happy Trades.
life got better for me once I started using debit spreads

by life I mean account balance
  • #17,363
  • Mar 16, 2020 7:49am Mar 16, 2020 7:49am
Quoting The Fool
{quote} yep, I was remembering, back from RUT days. So you're an options trader now? Are you still in CE? Do you still talk to sisse's group? Etc... I filled some Mar20 SPY $311 calls for 30c, looking to sell the Mar18 same for that or better.....
I moved from the CE with the city over to PM for the energy company here. Better pay, better benefits, more room for growth. Don't talk to sisse's group much anymore....
  • #17,364
  • Mar 16, 2020 8:46am Mar 16, 2020 8:46am
Quoting Pharm0r
I moved from the CE with the city over to PM for the energy company here. Better pay, better benefits, more room for growth. Don't talk to sisse's group much anymore....
...you never went back to the sandbox?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,365
  • Mar 16, 2020 10:20am Mar 16, 2020 10:20am
In the following:

$VIX Mar25 50 PUT @ $3.25

Almost got in to some Mar18, but didn't have the intestinal fortitude....
  • #17,366
  • Mar 16, 2020 10:22am Mar 16, 2020 10:22am
bot VXX Mar20/Jun $25 calendar puts for $1.30, let's see if I can sell weekly puts against the Jun long puts as (if) VXX slides back
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,367
  • Mar 16, 2020 10:58am Mar 16, 2020 10:58am
Quoting The Fool
bot VXX Mar20/Jun $25 calendar puts for $1.30, let's see if I can sell weekly puts against the Jun long puts as (if) VXX slides back
...bot SPY fly puts Mar20 $237/240/233 for 9c....I have been making money on these put flys - they maintain a wide profit range in elevated iv....not much more than 2bag usually, maybe 3x, but it's profit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,368
  • Mar 16, 2020 11:41am Mar 16, 2020 11:41am
In the following:

BP Apr17 23 CALL @ $0.91

Should be good for some money...
  • #17,369
  • Mar 16, 2020 11:44am Mar 16, 2020 11:44am
Quoting The Fool
{quote} ...bot SPY fly puts Mar20 $237/240/233 for 9c....I have been making money on these put flys - they maintain a wide profit range in elevated iv....not much more than 2bag usually, maybe 3x, but it's profit
"Not much more than 2X, maybe 3X return" he says.....shoot, slap $1000 on a trade like that and that's good money!!
  • #17,370
  • Mar 16, 2020 1:36pm Mar 16, 2020 1:36pm
In the following:

SPY Mar23 271 CALL @ $1.90

The way it bounces around every day, this should be good for some money....
  • #17,371
  • Mar 16, 2020 2:44pm Mar 16, 2020 2:44pm
Quoting moneymaker2
In the following: SPY Mar23 271 CALL @ $1.90 The way it bounces around every day, this should be good for some money....
Added to the following:

SPY Mar23 271 CALL @ $1.35, bringing the average to 1.63

Should make up for the 282 CALLs if they don't work out....
  • #17,372
  • Mar 16, 2020 4:00pm Mar 16, 2020 4:00pm
Quoting moneymaker2
{quote} "Not much more than 2X, maybe 3X return" he says.....shoot, slap $1000 on a trade like that and that's good money!!
a personal ventilator is only $5k

https://www.foremostequipment.com/al...gaAgdiEALw_wcB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,373
  • Mar 16, 2020 5:26pm Mar 16, 2020 5:26pm
Quoting The Fool
{quote} a personal ventilator is only $5k
Hopefully neither one of us will ever need one of those
  • #17,374
  • Mar 16, 2020 6:44pm Mar 16, 2020 6:44pm
Quoting moneymaker2
In the following: SPY Mar23 271 CALL @ $1.90 The way it bounces around every day, this should be good for some money....
Dude at some point it’ll stop bouncing and just drop continuously
Que Sera
  • #17,375
  • Mar 16, 2020 10:22pm Mar 16, 2020 10:22pm
Quoting Catempire
{quote} Dude at some point it’ll stop bouncing and just drop continuously
I don't think so. But, either way, I'll make money.....
  • #17,376
  • Mar 16, 2020 10:24pm Mar 16, 2020 10:24pm
The way I see it:
Attached Image (click to enlarge)
Click to Enlarge Name: DJIA FIB.png Size: 86 KB
  • #17,377
  • Edited 5:24am Mar 17, 2020 2:47am | Edited 5:24am
Quoting moneymaker2
The way I see it: {image}
Fair comment mate, always get some swings and round abouts.

I think this time is somewhat different, the fed have now tried 4 methods to prop up the market & all 4 have failed, where as before they would have sent it on a bullrun, this time they’ve all been sold into.

cant really see it climbing that high but never say never.
Que Sera
  • #17,378
  • Mar 17, 2020 11:01am Mar 17, 2020 11:01am
The US govt now getting it together a little better on the virus response, although still running late. More testing means more data....the numbers will be shocking and sobering and maybe will incite panic and chaos in some locations. This will play out over the next few months probably. Equities will not be immune and most likely will put in more heavy legs down. SnP 2,000 is the big target below. However, the more this slow motion trainwreck goes along, the more it will be clear that there is light at the end of the tunnel. The more uncertainty about it will be replaced by some sense of normalcy. stocks will rise even as dire economic data rolls in. With all the massive stimulus I think you'd have to bet on a revival of the bull market, probably by Q4 or next year.

We still have to get thru election season....a month ago that was the next big vol-inducing event on my radar...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,379
  • Mar 17, 2020 11:21am Mar 17, 2020 11:21am
Quoting moneymaker2
{quote} Added to the following: SPY Mar23 271 CALL @ $1.35, bringing the average to 1.63 Should make up for the 282 CALLs if they don't work out....
Out of the following:

SPY Mar23 271 CALL @ $2.95 up from $1.63
  • #17,380
  • Mar 18, 2020 8:46am Mar 18, 2020 8:46am
In the following:

SPY Mar23 260 CALL @ $1.85
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