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Let's Trade Options

  • #17,741
  • Jul 31, 2020 9:04am Jul 31, 2020 9:04am
In the following:

SPY Aug21 310 PUT @ $2.15

A little more than I wanted to pay, but I saw on level II that jump up was going to be very short lived, so I ponied up the extra few cents....
  • #17,742
  • Jul 31, 2020 6:11pm Jul 31, 2020 6:11pm
Added to the following:

SPY Aug21 310 PUT @ $1.98, bringing the average down to $2.065

Apparently, one of the orders opened yesterday didn't get expired and executed right at the close, even though it was not a GTC order. Got a call on the mistake to see if I wanted out, but I figured it was meant to be....plus I was already nearly $0.25 up, so....I have more than i wanted, but at a decent price....plus I got some free trades out of it!! No commissions is like free money (if all goes well)...

Now, we wait.....
  • #17,743
  • Aug 2, 2020 3:00am Aug 2, 2020 3:00am
I thot US equity indices would rise into earnings, spectacular results from tech and blood elsewhere, that dog will only hunt so long. I hope I'm wrong, but this election season shaping up to be a real shit show. I am looking for spoos to drop well under 3000 going into September. I will buy put spreads all the way down to 2500 into Q3, now while the getting is good.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,744
  • Aug 3, 2020 10:30am Aug 3, 2020 10:30am
Hello, moment-by-moment analysis of the gold symbol. Short and long times /
We invite gold market enthusiasts to join us

https://www.forexfactory.com/thread/...7#post13094107
  • #17,745
  • Aug 4, 2020 1:32am Aug 4, 2020 1:32am
BNTX, NVAX, SRNE,
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,746
  • Aug 4, 2020 8:40am Aug 4, 2020 8:40am
sold a SPY call vert, 9/11 $340/343, for 83c
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,747
  • Aug 6, 2020 7:29pm Aug 6, 2020 7:29pm
Great post The Fool,I am not an option trader but want to start in near future and want to start making profit. Where I can start it and how to learn it, plz share your experience.
  • #17,748
  • Aug 10, 2020 11:01pm Aug 10, 2020 11:01pm
Quoting The Fool
sold a SPY call vert, 9/11 $340/343, for 83c
AS OF TODAY, 9 straight SPY green daily candles......no country for old bears....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,749
  • Edited 6:14am Aug 12, 2020 4:34am | Edited 6:14am
hi All. first post here.

after failing over and over again on spot, even though im right directionally most of the time, i decided to go for options.

currently in EU call 1750 for todays ny cut.

Edit: since i took this on the 10th i paid 0030. it gave me many opportunities to exit but didnt take it. i think ill get out at BE or small loss around 80-85 if it gives me that now that expiry is approaching. if not, ill ride out the cpi for 0045 TP
  • #17,750
  • Aug 12, 2020 7:48am Aug 12, 2020 7:48am
Quoting goldfish3
hi All. first post here. after failing over and over again on spot, even though im right directionally most of the time, i decided to go for options. currently in EU call 1750 for todays ny cut. Edit: since i took this on the 10th i paid 0030. it gave me many opportunities to exit but didnt take it. i think ill get out at BE or small loss around 80-85 if it gives me that now that expiry is approaching. if not, ill ride out the cpi for 0045 TP

got out at 0040 with 33% profit
  • #17,751
  • Aug 12, 2020 8:40am Aug 12, 2020 8:40am
Pending EU call buy @ strike 1770 for 14th expiry requested @0030. So probably 10 to 15 pips under depending on theta decay.
  • #17,752
  • Aug 12, 2020 1:21pm Aug 12, 2020 1:21pm
Quoting goldfish3
Pending EU call buy @ strike 1770 for 14th expiry requested @0030. So probably 10 to 15 pips under depending on theta decay.
Cancelled. Low vol hours approaching. Will try to enter next EU open as the strike will be cheaper if market ranges around here till then. Otherwise will find new entry.
  • #17,753
  • Edited 4:07am Aug 13, 2020 12:54am | Edited 4:07am
Pending put buy @1830 for 17th exp requested at 0030 (10 to 15 pip OTM) for quick bounce with TP 0050

Edit: in at spot 1840 (10 pip OTM) for cost 0031

current risk profile:
Attached Image
  • #17,754
  • Aug 13, 2020 6:29am Aug 13, 2020 6:29am
Thought I would put in some reasoning here, along with what I am trying to achieve. Rest assured I am just barely profitable. mostly small profit. At least im not loss anymore since about 8 months. Started options 6 months ago. I am financially educated so not a complete newbie. but in terms of practicality definitely a newbie.

My strategy is no more than two nights to 1 week option (sometime if the tech is too obvious then overnight). Less than 1:1 returns during ranges and leave open during trend (this results in losses but once trend is caught, i am assuming, it will be a jackpot lol). Always attempting to close out as far from expiry as possible. so essentially day trading options, somewhat.

I trade only EURUSD.

My outlook is still bullish on longer term (monthly). Primarily because of rising bund yields, the resistance for which we reached a few days ago and also dollar index resistance. We also see some stock futures rising esp SP500 today to historic highs so more pressure on USD cash holdings. Not to mention stimulus deals and elections and all that.

i have a put for Monday simply because of demand levels on EU. I feel there are alot of orders pending to be filled at the bottom before EU pushes up beyond 1900, which i am assuming would give me the 1830 put by monday 10AM est.
  • #17,755
  • Aug 13, 2020 12:36pm Aug 13, 2020 12:36pm
Quoting goldfish3
Pending put buy @1830 for 17th exp requested at 0030 (10 to 15 pip OTM) for quick bounce with TP 0050 Edit: in at spot 1840 (10 pip OTM) for cost 0031 current risk profile: {image}
TP changed to 0075 on account of BEOB on H4 TF on all gmt offsets.
  • #17,756
  • Aug 13, 2020 1:05pm Aug 13, 2020 1:05pm
pending buy call for 27th expiry@ 0075 cost. will cancel if not reached before end of week. the price im looking for is 1780.
  • #17,757
  • Aug 13, 2020 1:24pm Aug 13, 2020 1:24pm
Quoting goldfish3
pending buy call for 27th expiry@ 0075 cost. will cancel if not reached before end of week. the price im looking for is 1780.
filled at 0073 @ spot 1799 strike 1800
  • #17,758
  • Aug 13, 2020 1:44pm Aug 13, 2020 1:44pm
Quoting goldfish3
Thought I would put in some reasoning here,
....hey goldfish, welcome and feel free to post here. Sorry but I am getting out of the habit of posting myself, my trading is very boring, just the same thing over & over with SPY and SPX most of the time, a few variations here and there. People might take more interest in the fx options trades you are in. Happy trades....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,759
  • Aug 13, 2020 1:48pm Aug 13, 2020 1:48pm
Quoting The Fool
{quote}....hey goldfish, welcome and feel free to post here. Sorry but I am getting out of the habit of posting myself, my trading is very boring, just the same thing over & over with SPY and SPX most of the time, a few variations here and there. People might take more interest in the fx options trades you are in. Happy trades....
Hello. Thank you Fool. Well im trading the hell out of my options and im gonna post win or loose. Reading your first post i feel i am welcome to do so.

Edit: perhaps we can get others to come on board in collaboration with your long term boring and my short term risky
  • #17,760
  • Aug 13, 2020 1:55pm Aug 13, 2020 1:55pm
Quoting goldfish3
pending buy call for 27th expiry@ 0075 cost. will cancel if not reached before end of week. the price im looking for is 1780.
move was too fast i had to quit which i did at 0043
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