Let's Trade Options

things are looking quite bearish, but I won't be surprised by a rally to 4400 during megacaps earnings week...

...no trades over the weekend for me. Will assess come Monday-Tuesday.

Looking for volatile sideways action in megacaps ER week, pending (maybe) some negative reaction to Israel war developments

Out of the following:

NKE Oct27 104 PUT at $2.50 up from $1.28

Didn't really mean to get out, but had an Ask of $2.50 out from Friday and it got hit first thing on the spike down. But, money is money and like I always say, never lick a gift horse in the mouth!

Have a Bid out on the same one for $1.50 in case it drifts up some, so maybe I can get all of it filled today. I think there is more downside to come in the next day or so.

you trading any of the megacaps with earnings this week?

No, not yet. I got a newer version of my charting program last week, so I'm tweaking in all the setting and doing some verifications so I don't have the issue I had a few years ago where some of the chart parameters went back to default. I should be done with that tonight sometimes, so I'll look more at them after that.

Got back into the following:

NKE Oct27 104 PUT at $1.20

That one worked out well: made some money and got back in the same trade cheaper than the original.

Also just added to the following:

NKE Oct27 102 PUT at $0.47, bringing the average down to $0.571 with a butt load of contracts.

So I've got the following NKE:

NKE Oct27 104 PUT at $1.20

NKE Oct27 103 PUT still at $0.98

NKE Oct27 102 PUT at $0.47

And now again....we wait......

..idk, I could see the big names pulling up the whole index this week, maybe by a lot. I'll take a shot at that with a cheap SPX dagonal...

XOM ER is Friday premarket

here's the SPX combo filled for the week. I am bullish, but some big misses from some megacaps or shocking geopoli news could sink the bull boat. I might add cheap XSP hedge trades on the tails @ either end...

Let me tell you about my week from Hell....

The wee hours of Tuesday morning we lost power due to an apparent accident taking down a pole. Little did I know it also took out one of those AT&T junctions. So, no power and no internet. Power came back during the day, but internet was a different story. So I took my laptop into town to use McDonalds' wi-fi, but wound up having to go to Starbucks (I hate Starbucks). Been a little bit since I've been on my laptop, so it had updates it had to do before I could use it... FOR FOUR HOURS!! I had so much caffeine by then I thought I was gonna go into V-tach! By the time I got to the trading site, NKE was up pretty high. But since it was still looking like a move down, I guess this is when having not necessarily deep pockets but at least a somewhat wide, I suppose, can come in handy, because things were pretty darn cheep. So I added to and got in the following:

NKE Oct27 105 PUT at $0.72 (new one)

NKE Oct27 104 PUT at $0.45, bringing the average to $0.518

NKE Oct27 102 PUT at $0.144 avg, bringing average to $0.286

No change to NKE Oct27 103 PUT at $0.98

So if it continues to drop towards 102, as it should, I will make decent on the 105 PUT, maybe make a little on the 103 PUT, and make very good money on the 104 and 102 PUTs, mainly because I have a butt-load and a cubic butt-load of contracts, respectively.

Had to go back into town with the laptop today, but my sell orders weren't hit on the 102/103 PUTs, so nothing happened. But I did get my internet back this afternoon so I'll at least be trading at home tomorrow. And drinking decaf!

Next support is about the 102, and after that about 101, so I will most likely get rid of everything tomorrow.

But a BIG lesson learned: keep your backup laptop updated. It didn't actually matter much this time, but it could have been terrible if things were moving and it was still updating!

Boom! Out of the following:

NKE Oct27 105 PUT at $3.90 up from $0.72

NKE Oct27 104 PUT at $2.90 up from $0.518 avg

NKE Oct27 103 PUT at $2.15 UP from $0.98

NKE Oct27 102 PUT at $1.45 up from $0.286 avg

Hit the lower support, as was expected, although I figured it would be later in the day. Next support is around 99.25 or so, but may not get to that today.

I'm sure I'm leaving some money on the table, but I know from experience you will wind up losing if you try to capture the max top or bottom.....been there, done that. But I'm very happy with the results. Heck, I may even go get a Starbucks......

Okay, wasn't planning on trading any more today, but found one that looks pretty good, so in the following:

EBAY Nov17 40 CALL at $1.10

Probably could have saved a penny or two but didn't want to split the bid, so went ahead and paid the Ask.

Anyway, should be good for a little money before their earnings come out on the 7th.

LOL...problem solved....
https://www.amazon.com/PowerSmart-PS...1zcF9tdGY&th=1

You can plug in your router and laptop. I don't have power issues now, not for more than an hour or two. But I used to live out in the country and had outages regularly, sometimes for several days. Little genset saved me $$$$$ in trading losses .....

I also have a tablet with lots of data & can use that as a hotspot, I keep that mostly so I can trade remotely.

Found one more that looks stalled today that should make some money within a week, so got into the following right at the close

GOOGL Nov3 126 CALL at $0.85

Should see a bounce up tomorrow or beginning of next week. Probably tomorrow, because the last two days the entire candle has been outside the lower Bollinger Band, and price does not stay outside that for long.

Thanks, TF, that looks like a nice little rig. I have a whole house Generac, but I have to replace the main board again (third time) because of another lightening strike nearby (4 trees on the property struck by lightening in the last 5 years). But my internet was down due to the AT&T junction damage, not just because no power to the router. That junction box is right on a curve people take way too fast and there have been several accidents there over the years. They don't even bother to set it upright any more....

I think the issue around here with the lightening might be due to a hot water aquafer where we get our water from here. Maybe there is some kind of static charge built up in the ground or something?

Yep, I left some money on the table....

yup if the wires are down, gotta go wireless. If the cell towers are down, it's the end times. Still, can call broker & just tell them to close everything, I've done that....

need a 30 pt rally Friday to make money....