Let's Trade Options | Page 963 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Let's Trade The News V 0.4 ! 479 replies

Any Options, Bull Options & Option Bit 39 replies

Let's Trade The News! 46 replies

Let a trade develop? 17 replies

Attachments: Let's Trade Options
Exit Attachments

Let's Trade Options

  • #19,241
  • Jan 5, 2024 10:48am Jan 5, 2024 10:48am
Quoting The Fool
{quote}Most of the time when I fail to go bidirectional, I end up getting burned....
That'll be the story this week. The RUT put diagonal I failed to put on would've made it a good one. Without it, I'm near be... Trouble is, I get burned even on bi-directional trades, too.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,242
  • Jan 5, 2024 11:22am Jan 5, 2024 11:22am
Quoting The Fool
{quote}I got out of half SPX put diagonals at about 2x, holding 1/2 now for a miracle turnaround to close the day.
only took a couple hrs...out of all SPX put spreads for about $1.45 avg profit, which covers the cost of the RUT call calendars, which were about 1/3 the number of the SPX puts. The SPX call diagonal came off for 15c, so, a 40c loss on those. had XSP hedge trades that made money on the puts, lost on the calls. A lot of trouble for a few hundred bucks gain on the week.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,243
  • Jan 5, 2024 2:26pm Jan 5, 2024 2:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB


in the AM/PM Jan put diag, $5-wide, 15c debit as shown, will see if SPX rallies next week to sell enough calls to cover the tail risk of the put spread
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,244
  • Jan 7, 2024 10:16am Jan 7, 2024 10:16am
Quoting The Fool
{quote}..out of all SPX put spreads for about $1.45 avg profit, which covers the cost of the RUT call calendars, which were about 1/3 the number of the SPX puts. The SPX call diagonal came off for 15c, so, a 40c loss on those. had XSP hedge trades that made money on the puts, lost on the calls. A lot of trouble for a few hundred bucks gain on the week.
SPX call diags went on to be worth over $3 net. I have started to hate these fuggin things....too much drama when everything comes down to the last day....might as well be trading 0dte.

A solution is to set them up wider time-wise - then decent profit will show up sooner. Or just sell long-dated ICs...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,245
  • Jan 8, 2024 1:54pm Jan 8, 2024 1:54pm
Quoting The Fool
{quote}I have started to hate these fuggin things......
lol, ok Fool....I want to wait to the end of this week for a new IC sell. Looking for SPX to battle back for the ath by Thurs-Fri. Don't be shy about exiting early, but I expect a standoff around 4800. CPI/PPI Thurs Fri could throw in some bigbig candles...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,246
  • Jan 10, 2024 10:34am Jan 10, 2024 10:34am
50/50 RUT shot - the holiday Monday gives a chance for a 1-day calendar
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,247
  • Jan 10, 2024 1:12pm Jan 10, 2024 1:12pm
rather than scroll through 963 pages can i get a quick opinion, on Options brokers for Uk residents, currently using Interactive Brokers Primarily to Day trade or 1-4 day trades, Primarily going to be trading Indicies - so SPX, Spy, QQQ and ES as well as larger cap stock options

they are OK but taken a few months to sort out the optimum way to trade their platform , wondered if there were any superior Brokers and Not Introducing Brokers Interactive Brokers is huge so a lot of IBs put their trades through their shop
  • #19,248
  • Jan 10, 2024 1:52pm Jan 10, 2024 1:52pm
Quoting kiwiduvet
rather than scroll through 963 pages can i get a quick opinion, on Options brokers for Uk residents, currently using Interactive Brokers Primarily to Day trade or 1-4 day trades, Primarily going to be trading Indicies - so SPX, Spy, QQQ and ES as well as larger cap stock options they are OK but taken a few months to sort out the optimum way to trade their platform , wondered if there were any superior Brokers and Not Introducing Brokers Interactive Brokers is huge so a lot of IBs put their trades through their shop
When I get this question I usually recommend IB, that's the only broker I know who will allow customers from outside the US. If any readers have better info, please feel free to let us know. Good luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,249
  • Jan 10, 2024 1:55pm Jan 10, 2024 1:55pm
just a quick Google search, article is a couple years old...

https://finance.yahoo.com/news/10-be...111536781.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,250
  • Edited 10:35pm Jan 11, 2024 3:22pm | Edited 10:35pm
Quoting The Fool
{quote}lol, ok Fool....I want to wait to the end of this week for a new IC sell. Looking for SPX to battle back for the ath by Thurs-Fri. Don't be shy about exiting early, but I expect a standoff around 4800. CPI/PPI Thurs Fri could throw in some bigbig candles...
took a few off at 75c net, holding most for a run to >4810. Need a good reaction to PPI Friday. I have some XSP Jan12/16 470 put calendars, will make some money if we dump.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,251
  • Jan 12, 2024 9:32am Jan 12, 2024 9:32am
Quoting The Fool
{quote}took a few off at 75c net, holding most for a run to >4810. Need a good reaction to PPI Friday. I have some XSP Jan12/16 470 put calendars, will make some money if we dump.
...took some more off at $1.60 net, a 4bagger, holding over half for the miracle close above the ath, idk what's taking so long....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,252
  • Jan 16, 2024 11:32pm Jan 16, 2024 11:32pm
Hope everyone had a good Christmas and New Years! 2024 is starting off a little slow...I watch 464 stocks/indexes and so far none have been good plays. A couple of possibilities just due to some big gaps, but those are kinda risky if conditions aren't right. Tonight, there is just nothing at all that will be worth a play this week from my charts. Maybe next week after the January expiration and getting into some earnings, but right now, it's dead.
  • #19,253
  • Jan 17, 2024 8:41pm Jan 17, 2024 8:41pm
Quoting moneymaker2
but right now, it's dead.
I spent the last year in btfd mode, more or less. But we are in need of a healthy pullback and I could see sub-4,350 as a doable level for a 10% drop from the 2023 high....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,254
  • Edited 6:46pm Jan 18, 2024 6:20pm | Edited 6:46pm
Bet on a bit of fomo return over the next week

....0 downside risk on this and I prefer to play the bull side generally, especially while there is as much geopoli risk as there is now. The diagonal below would pay ok early next week at around 4,800-4,810, which is where I think we could gum up in another bull run. I am learning to take these off early if I see decent profit, maybe just hold a few for the expiry endgame...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,255
  • Jan 19, 2024 2:27pm Jan 19, 2024 2:27pm
will probably have to roll the above, we'll see how she looks on Monday. About $2 underwater now.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,256
  • Jan 19, 2024 2:47pm Jan 19, 2024 2:47pm
10 million SPY options traded today, over 3 million SPX
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,257
  • Jan 23, 2024 8:47pm Jan 23, 2024 8:47pm
The russell has been on fire, looking for decent continuation to close the week...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,258
  • Jan 24, 2024 12:18pm Jan 24, 2024 12:18pm
4100 TO 4900 in <3 months. When will we fill the gap below 4450?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 50 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,259
  • Jan 24, 2024 12:24pm Jan 24, 2024 12:24pm
I'd much rather trade time spreads to the downside, rising iv's in down moves benefit the time spread PL. Just has been hard to find the downside...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,260
  • Jan 24, 2024 11:03pm Jan 24, 2024 11:03pm
The only ones that I have found that look promising is NFLX Put (but they are too expensive for my liking) and DD Call.

I will be watching DD Call in the morning and getting in at the best price I can. It was downgraded today, so it might have a little overnight panic so will probably drop some more. But if it opens pretty much where it closed at, I am going to be looking at the following:

DD Feb16 65 CALL at $1.50 or better

If it isn't moving, I might even get it as the $1.55 Ask price. It has a Feb6 Earnings date and they've surprised the last 11 quarters, so it should move up before the announcement.
6 traders viewing now