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Let's Trade Options

  • #17,761
  • Aug 13, 2020 12:49pm Aug 13, 2020 12:49pm
put strike@1800 fill at 0027 for 17th. tp at 0040. small trade.
  • #17,762
  • Aug 17, 2020 12:38am Aug 17, 2020 12:38am
put buy gbp/jpy at strike 139 expiry oct 1 cost 1.5
  • #17,763
  • Aug 17, 2020 1:54am Aug 17, 2020 1:54am
aud/usd call buy strike 0.717. Exp october 1st cost 0.1028
  • #17,764
  • Aug 17, 2020 1:55am Aug 17, 2020 1:55am
General view with December horizon. short GBP and USD. Long AUD NZD and S&P

edit: I am not trading EU exclusively anymore. crosses and indices are at crucial technical levels. for me long term positions only. day trading stopped till 2021 minimum
  • #17,765
  • Aug 17, 2020 2:17am Aug 17, 2020 2:17am
Quoting goldfish3
put strike@1800 fill at 0027 for 17th. tp at 0040. small trade.
limit sell set to 0020 to accept approx 1/3rd loss on position.
  • #17,766
  • Aug 18, 2020 12:05am Aug 18, 2020 12:05am
Quoting goldfish3
{quote} limit sell set to 0020 to accept approx 1/3rd loss on position.
Premium lost. Expired fully OTM
  • #17,767
  • Aug 18, 2020 3:28am Aug 18, 2020 3:28am
added EU call. at 1.19. Expiry oct 1.cost 0.01400
  • #17,768
  • Aug 18, 2020 9:23pm Aug 18, 2020 9:23pm
Quoting goldfish3
{quote} filled at 0073 @ spot 1799 strike 1800
Closed at 0171 for approx 140% profit. 1.19 strike for oct 1st still running.
  • #17,769
  • Aug 20, 2020 1:37pm Aug 20, 2020 1:37pm
Quoting moneymaker2
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.....
Hello sir I've been trying to understand options. What you wrote does mean that ater paying a premium can one exercise the option I. We have a position hoped at the strike price before it expires which remains open after expiry date.

E.g one buys a call then a day before it expires and price is below the strike price one decides to have the trade as an actual open position which remains open (hence able to go into profit if price rises above the strike price ) after /beyond the expiry date?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #17,770
  • Aug 20, 2020 1:38pm Aug 20, 2020 1:38pm
Quoting goldfish3
{quote} Closed at 0171 for approx 140% profit. 1.19 strike for oct 1st still running.
Wow 140% profit on one trade?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #17,771
  • Edited 2:06pm Aug 20, 2020 1:42pm | Edited 2:06pm
Quoting goldfish3
added EU call. at 1.19. Expiry oct 1.cost 0.01400
What will happen on oct 1 if price never touched your strike price of 1.19 from now till then?
Will it be a loss or gain or they will give you back the premium paid for it so breakeven?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #17,772
  • Aug 20, 2020 11:53pm Aug 20, 2020 11:53pm
Quoting skyf
{quote} Hello sir I've been trying to understand options. What you wrote does mean that ater paying a premium can one exercise the option I. We have a position hoped at the strike price before it expires which remains open after expiry date. E.g one buys a call then a day before it expires and price is below the strike price one decides to have the trade as an actual open position which remains open (hence able to go into profit if price rises above the strike price ) after /beyond the expiry date?
Hi skyf. According to the rules set by the fool in the first post, this is not an options learning forum but i can answer you this one time.

Buying a call or a put means youre basically paying a one off price for the trade no matter how far against you it goes. However it is time barred.

For beginners it is important to understand delta, gamma and theta. Theta esp, which tells you how much value you will lose in a day, so its always beneficial to time your entry and expiry duration so you can sell the option as far from expiry (european style) as possible.

An option will not breakeven if it expires at strike. Youve already paid the premium when you bought the option. How much in the money you need to be to breakeven or profit is something delta and gamma will tell you, which your options platform most certainly has.

Also you cannot exercise european style options before expiry. But you can exercise american style anytime, but then they are more expensive for granting this privilege. Options traders have no use for the latter because they only want to trade options and not be in a spot position

Hope that helps
  • #17,773
  • Aug 21, 2020 5:21am Aug 21, 2020 5:21am
it's not necessary to rehash Options 101 here. There are excellent online resources that anyone can access for options education. I'd recommend starting at tastytrade.

https://www.tastytrade.com/tt/
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,774
  • Aug 21, 2020 5:27am Aug 21, 2020 5:27am
Quoting The Fool
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.
Brave words but I still believe the fastest rally in history will burn out as we enter election chaos.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,775
  • Aug 21, 2020 5:34am Aug 21, 2020 5:34am
Quoting The Fool
sold a SPY call vert, 9/11 $340/343, for 83c
been biting a bullet and holding this and will add now out to Oct16 something like SPY $350/353, always looking for min $0.25-30 for each dollar sold....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,776
  • Aug 21, 2020 5:46am Aug 21, 2020 5:46am
jawdrop move on nothing more than the stock split news
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,777
  • Aug 21, 2020 6:05am Aug 21, 2020 6:05am
going into flu season and headlines like this keep coming......meanwhile the run-up in stocks has been carried by just a handful of growth names. (TSLA, MSFT, AAPL, NVDA, etc....) ....it's not sustainable

https://finance.yahoo.com/news/chegg...123404760.html

https://news.yahoo.com/american-airl...134725159.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,778
  • Aug 25, 2020 10:54am Aug 25, 2020 10:54am
sideways is the new down....I think I said that 8 years ago.....never ending equity bubble, don't fight the fed, etc, etc.

Jackson Hole will have a sheep dip festival and queer beating contest this year instead of the big banker bash.

https://www.cnbc.com/2020/06/12/no-j...s-in-2020.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,779
  • Aug 27, 2020 5:48pm Aug 27, 2020 5:48pm
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #17,780
  • Aug 29, 2020 2:47pm Aug 29, 2020 2:47pm
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"If The Fool persists in his Folly he will become wise." - William Blake
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