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Let's Trade Options

  • #19,321
  • Feb 12, 2024 2:17pm Feb 12, 2024 2:17pm
So I have the following open now:

WYNN Feb23 105 PUT at $1.95

DIS Feb23 110 PUT at $1.60

LVS Feb23 54 PUT at $1.11

TSM Feb23 130 PUT at $2.16

RL Mar15 170 PUT at $2.10

Five or six open trade (of different stocks) is about the most I like to run. Easily manageable, unless there is a big move in the morning, then that can be kinda hectic, but this is a good group for now.
  • #19,322
  • Feb 12, 2024 6:44pm Feb 12, 2024 6:44pm
Quoting moneymaker2
Earnings are all far away, not too much in the news area and right now .....
CPI pre-market tomorrow I expect will tack on to the FOMO meltup, but maybe not. I am in dire need of a pullback.

Money, do you use a screener to help you populate your trade names list?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,323
  • Feb 12, 2024 7:24pm Feb 12, 2024 7:24pm
Quoting The Fool
{quote}CPI pre-market tomorrow I expect will tack on to the FOMO meltup, but maybe not. I am in dire need of a pullback. Money, do you use a screener to help you populate your trade names list?
I do. I use Stockfetcher.com. It is like $9/mo I think. I subscribe for a month, and then cancel until it is time to use it again (usually around 6 months). I like it because you can make up your own screens using a million different parameters. I just use "stocks greater than 35, optionable, with 20 day average volume over 500,000". Then I populate my charts, and go through all of them. If they hardly move, I cull them out. I start out with about 1000 stocks and get it down to around 350-400. I could reduce it further but some of the high priced stocks may not move too much on a day to day basis, but I like keeping them handy in case they scream up or down for some reason.
  • #19,324
  • Feb 12, 2024 11:59pm Feb 12, 2024 11:59pm
Quoting moneymaker2
{quote} I do.
Good tip, thanks. I play with FinViz sometimes, but it's a pop-up infested mess unless you pay...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,325
  • Feb 13, 2024 8:24am Feb 13, 2024 8:24am
Quoting The Fool
{quote}CPI pre-market tomorrow I expect will tack on to the FOMO meltup, but maybe not. I am in dire need of a pullback. Money, do you use a screener to help you populate your trade names list?
Cool, always nice when your worst fears are defeated by chance. Let's see if this CPI shock can string together a few red daily sticks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,326
  • Feb 13, 2024 9:36am Feb 13, 2024 9:36am
Quoting moneymaker2
.... Five or six open trade (of different stocks) is about the most I like to run. Easily manageable, unless there is a big move in the morning, then that can be kinda hectic, but this is a good group for now.
Holy crap!! Talk about "kinda hectic" this morning...Geezzz!

Out of the following:

WYNN Feb23 105 PUT at $3.20 up from $1.95

DIS Feb23 110 PUT at $2.50 up from $1.60

TSM Feb23 130 PUT at $5.20 up from $2.16

RL Mar15 170 PUT at 3.40 up from $2.10

I had sell orders in from last night and had to scramble to change them so they didn't get hit prematurely and then find a good price to put in more. Like I said, easily manageable unless there is a big move in the morning, and today was definitely a big move at the open! But in trading, hectic often translates to profits.
  • #19,327
  • Feb 13, 2024 10:17am Feb 13, 2024 10:17am
In the following:

DIS Mar1 109 PUT at $1.65
  • #19,328
  • Feb 13, 2024 10:48am Feb 13, 2024 10:48am
SPX 5,000 looks like a good pin target for Friday opex.
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,329
  • Feb 13, 2024 5:49pm Feb 13, 2024 5:49pm
Quoting The Fool
SPX 5,000 looks like a good pin target for Friday opex. {image}
SPY Weekly chart looks like its headed for around the 482 area in the next week or so. Not a perfect chart, but should still play out that way soon.
  • #19,330
  • Feb 14, 2024 8:02am Feb 14, 2024 8:02am
Doesn't look like any really good trades today, by my charts, at least.

I might get back into some more DIS Puts, but that's about it.
  • #19,331
  • Feb 14, 2024 8:06am Feb 14, 2024 8:06am
Quoting moneymaker2
{quote} SPY Weekly chart looks like its headed for around the 482 area in the next week or so. Not a perfect chart, but should still play out that way soon.
it's a btfd market. all the goldilocks elements are still in play - Fed relief, AI meltup, rates trending down, $6trillion cash coming back, etc. We'll need more than just one hot CPI read to weigh down the FOMO below $490.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,332
  • Feb 14, 2024 8:21am Feb 14, 2024 8:21am
Quoting The Fool
SPX 5,000 looks like a good pin target for Friday opex.
I might take the AM/PM 5020 calendar calls off @ 2x today if I see it. In for $1.30 now showing near $2.00....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,333
  • Feb 14, 2024 8:51am Feb 14, 2024 8:51am
In the following:

DIS Feb23 110 PUT at $1.00
  • #19,334
  • Feb 14, 2024 8:55am Feb 14, 2024 8:55am
Hail Mary Bid in for the following:

RL Mar15 170 Put at $2.25

I thought it would have gotten hit as the Ask was $2.30 for a a minute right at the open, but never did....
  • #19,335
  • Feb 14, 2024 9:43am Feb 14, 2024 9:43am
In the following:

DIS Mar1 110 PUT at $1.51
  • #19,336
  • Feb 14, 2024 9:44am Feb 14, 2024 9:44am
Quoting moneymaker2
Hail Mary Bid in for the following: RL Mar15 170 Put at $2.25 I thought it would have gotten hit as the Ask was $2.30 for a a minute right at the open, but never did....
I pulled the Bid. Spread got too wide, almost $1....
  • #19,337
  • Feb 14, 2024 9:47am Feb 14, 2024 9:47am
Open trades:

LVS Feb23 54 PUT at $1.11

DIS Feb13 110 PUT at $1.00

DIS Mar1 109 PUT at $1.65

DIS Mar1 110 PUT at $1.51
  • #19,338
  • Feb 14, 2024 10:33am Feb 14, 2024 10:33am
Out of the following:

DIS Feb23 110 PUT at $1.60 up from $1.00
  • #19,339
  • Feb 14, 2024 10:54am Feb 14, 2024 10:54am
Not much going on today, so I'm back in the following:

DIS Feb23 110 PUT at $1.29

Maybe I can nickel and dime some more out of it today......
  • #19,340
  • Feb 14, 2024 11:26am Feb 14, 2024 11:26am
Quoting moneymaker2
Not much going on today, so I'm back in the following: DIS Feb23 110 PUT at $1.29 Maybe I can nickel and dime some more out of it today......
Out of the following:

DIS Feb23 110 PUT at $1.70 up from $1.29

Not a killer amount, but it's a car payment.

Not sure if I should tempt fate any more with this one, but I've got another Bid in for $1.30 again.....
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