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  • #18,421
  • Feb 2, 2023 1:28am Feb 2, 2023 1:28am
Quoting The Fool
A gauntlet of earnings and data to run b4 Friday, will have to take some off all the above Thursday to insure at least a break even on the last 1-2 weeks of positioning.
....the ultimate end game on these of course is to ride them right to the calendar strike on expiry day, and keep all the back options intact, while the fronts come off for a nickel or so before the Friday close, then catch a bull Monday and see the long calls go $50 itm.....long shot but looking like the SPX and also the RUT trades could have a chance at that....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,422
  • Feb 2, 2023 11:44am Feb 2, 2023 11:44am
Quoting The Fool
{quote}....the ultimate end game on these of course is to ride them right to the calendar strike on expiry day, and keep all the back options intact, while the fronts come off for a nickel or so before the Friday close,
Didn't get there with QQQ Feb3/6 $310 calendar calls and RUT 2000 same, as those are sitting on the target strike now. Cashed them out rather than see them get whacked in a big dump (or pop) off the NFP tomorrow.

Still holding SPX Feb3/6 4200 calendar calls, may have a chance to see them run, but most likely will close half today. Everything in healthy profit, sitting on a >25% account adder for the last 1-2 weeks on this setup.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,423
  • Feb 2, 2023 11:53am Feb 2, 2023 11:53am
Quoting The Fool
{quote} Shotgunning calendars for the ER/FOMC iv rise. This is a special opportunity for anyone who knows how to trade vol at earnings. Mostly bot put calendars today,.... GOOGL, META, etc etc
....I put on these all at small risk, 10-lot dbl calendars for <$200 debit typically....AMZN, META, GOOGL, QCOM...all have come off pre-ER per plan, typically 2x winner, QCOM remains and I will let it run til tomorrow.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,424
  • Feb 2, 2023 11:59am Feb 2, 2023 11:59am
Quoting The Fool
Qs $310 by Friday maxP about $0.80 on a $0.03 entry.
...hadda settle for 37c on the Qs, a measly 12 bagger
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,425
  • Feb 2, 2023 12:02pm Feb 2, 2023 12:02pm
Quoting The Fool
Max on the RUT calendar about $4,65 on a 35c debit. Need that 2000 handle to magnetize....
....RUTs all cashed for $3.25
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,426
  • Feb 2, 2023 1:05pm Feb 2, 2023 1:05pm
not good to arrive at a party a day early, but here I am....I'd have no problem letting these run til Friday, but with megacap earning and NFP standing in the way, I might have to take off most of them. This week's move looks like it's ripe for some profit-taking, who knows what tomorrow may bring? ...1 bird in hand, 1.25 in bush, and so on.....

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,427
  • Feb 2, 2023 2:55pm Feb 2, 2023 2:55pm
$4.50 stc on 1/2, if it fills ok, otherwise I take them all to Friday.....no guts no glory

......filled

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,428
  • Feb 3, 2023 9:20am Feb 3, 2023 9:20am
what we have here is a bull market
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,429
  • Feb 3, 2023 9:30am Feb 3, 2023 9:30am
Quoting The Fool
what we have here is a bull market {image}
against all odds...
  • #18,430
  • Feb 3, 2023 10:16am Feb 3, 2023 10:16am
Quoting The Fool
$4.50 stc on 1/2, if it fills ok, otherwise I take them all to Friday.....no guts no glory ......filled https://www.youtube.com/watch?v=CiIkBT-HFOA
a pin at 4200 will net $7.25 +/-, maybe a lot more if it does that in the last hour...sitting at about net $6 now. Endgame on time spreads always dicey when they come right to the target strike.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,431
  • Feb 3, 2023 10:19am Feb 3, 2023 10:19am
hey! I'm a regular old stock day trader but I trade shares as opposed to options. though, as I'm sure you all have noticed, this is the only stock trading forum on ff. would I be welcome to share my stock-related commentary here?
  • #18,432
  • Feb 3, 2023 10:20am Feb 3, 2023 10:20am
Quoting Wulfgar
{quote} against all odds...
idk what the catalyst for a turn will be. Markets are going to roll over the Fed regardless. Valentine's day for the next CPI. Another core drop, then a non-hike March FOMC, damn this bull could run til June....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,433
  • Feb 3, 2023 10:26am Feb 3, 2023 10:26am
Quoting The Fool
{quote}idk what the catalyst for a turn will be. Markets are going to roll over the Fed regardless. Valentine's day for the next CPI. Another core drop, then a non-hike March FOMC, damn this bull could run til June....
Quoting Wulfgar
{quote} Nice brother, I just moved to the Florida Keys. Needed better trading hours now tat Im managing some sizable assets. It sort of sucks right now since I dont know anyone and Ive gotten nailed by 2 hurricanes already lol. But the latin culture is great and the food is absolutely out of this world. Man Im the most bullish dude on the face of the planet over the next 6 months. Loads of economic market internals showing that inflation has peaked, the fed overreached after the bond markets had already tightened plenty, the economy is grinding...
lookin for a lot higher brother.... Although you'd imagine we take a bit of a breather ad get "bear-ed" up again around 4300 and 4600.... beyond that we might see a 2000 nasdaq style Minsky moment....
  • #18,434
  • Feb 3, 2023 10:38am Feb 3, 2023 10:38am
Quoting Wulfgar
{quote} {quote} lookin for a lot higher brother........
good times....I will miss the vol though....snoozes trading index options when the iv's drop to <10.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,435
  • Feb 3, 2023 10:39am Feb 3, 2023 10:39am
Quoting SlashMostly
hey! I'm a regular old stock day trader but I trade shares as opposed to options. though, as I'm sure you all have noticed, this is the only stock trading forum on ff. would I be welcome to share my stock-related commentary here?
....sure, maybe I can make a suggestion or 2 re: how to add options to that.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,436
  • Feb 3, 2023 10:41am Feb 3, 2023 10:41am
Quoting The Fool
{quote}good times....I will miss the vol though....snoozes trading index options when the iv's drop to <10.....
The vol will kick in when(if) we break to new ATHs.... then its just closing your eyes and buying calls if you wanna participate in the hysteria...
  • #18,437
  • Feb 3, 2023 10:42am Feb 3, 2023 10:42am
Quoting The Fool
{quote} a pin at 4200 will net $7.25 +/-, maybe a lot more if it does that in the last hour...sitting at about net $6 now. Endgame on time spreads always dicey when they come right to the target strike.
...I took some more SPX cldr calls off at about $7.25 net, maybe hold for the pin play, maybe not....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,438
  • Feb 3, 2023 10:56am Feb 3, 2023 10:56am
Quoting The Fool
{quote}...I took some more SPX cldr calls off at about $7.25 net, maybe hold for the pin play, maybe not....
Good chance we close up 1% on the panic bid

last 2 days have been rough for me... underperformed bigtime with my PM's in the shitter and the dollar short covering rally.... nearly outpacing my equity longs
  • #18,439
  • Feb 3, 2023 11:23am Feb 3, 2023 11:23am
Quoting Wulfgar
{quote} Good chance we close up 1% on the panic bid last 2 days have been rough for me... underperformed bigtime with my PM's in the shitter and the dollar short covering rally.... nearly outpacing my equity longs
....looking hopeful, fingers crossed for 4,200 in the last minutes. Good luck In February bro. I am going to Mexico for a week or so towards the end. Would like to turn off trading mind for a while.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #18,440
  • Feb 3, 2023 12:18pm Feb 3, 2023 12:18pm
Quoting The Fool
{quote}....looking hopeful, fingers crossed for 4,200 in the last minutes. Good luck In February bro. I am going to Mexico for a week or so towards the end. Would like to turn off trading mind for a while.
Or not... Lol

Nice brother, enjoy mexico. I love going down there. Where are you headed?
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