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Let's Trade Options

  • #19,381
  • Feb 20, 2024 12:19pm Feb 20, 2024 12:19pm
Quoting moneymaker2
{quote} The LYFT Mar1 19 PUT at around $1.13 should be a decent trade. Gives it two weeks to drop. Remember you can sell it at any time before expiration, so it doesn't have to reach the strike price to make money, the option price just needs to be more than what you paid for it.
This one but it traded as high as $2.70 today...a good trade by any standard. But, I wasn't in it....
  • #19,382
  • Feb 20, 2024 1:44pm Feb 20, 2024 1:44pm
Quoting The Fool
lotto tix for more tech parabola
rolled down QQQ 450 calendar calls to 442 for a 12c debit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,383
  • Feb 20, 2024 1:50pm Feb 20, 2024 1:50pm
6% drop NVDA I'd bet will reverse on blowout earnings. I might shoot something at it but waiting til tomorrow....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,384
  • Feb 20, 2024 1:50pm Feb 20, 2024 1:50pm
In the following:

AKAM Mar15 110 CALL at $1.67

Now, bid/ask spread was $0.05 increments, with most depth at $1.60Bid/$1.70Ask, with just one at $1.65Bid. No takers at all, so I bumped mine to the Ask price of $1.70, and got it for $1.67. Not sure why, but I'll take it!
  • #19,385
  • Feb 20, 2024 4:35pm Feb 20, 2024 4:35pm
Quoting moneymaker2
{quote} Looks like you made you some money on this trade. Good job! If you haven't already, you may want to get rid of it soon, the chart shows it has done what its gonna do and price is hitting the 5EMA.
I am still learning. I chickened out and placed an exit at breakeven. So it's a free entertainment
  • #19,386
  • Feb 20, 2024 5:28pm Feb 20, 2024 5:28pm
Quoting ngson99
{quote} I am still learning. I chickened out and placed an exit at breakeven. So it's a free entertainment
Just remember, if you believe it was a trade worth getting into, unless something changes on the news or chart, you have to let the trade breathe. Watch the charts and look for support/resistance levels, which I find to be in the form of upper/lower Bollinger Bands, the 5EMA, the 10 EMA and the mid-BB (which is roughly the 21EMA). I use them a LOT when deciding when to get out of a trade!

Plus, it is always good to not go too far out-of-the-money with the options, it tends to lesson the panic factor a little since you come into profit sooner.

But, overall, you got your feet wet with options, got in and out of a trade via your platform and you didn't lose money. I would still put that in the "WIN" column!
  • #19,387
  • Feb 20, 2024 6:10pm Feb 20, 2024 6:10pm
Not much going on for tomorrow, but I'll be looking at these in the morning:

ROKU Call

WM Put

WMT Put

It all depends on pre-market if they are a go at the open or better to wait a while.
  • #19,388
  • Feb 20, 2024 10:02pm Feb 20, 2024 10:02pm
Has anyone trade with Pocketoptions? I am wondering if it is a reliable binary option broker.
  • #19,389
  • Feb 20, 2024 10:44pm Feb 20, 2024 10:44pm
Quoting Fxforum
Has anyone trade with Pocketoptions? I am wondering if it is a reliable binary option broker.
Never used it, but my understanding that only the full contract type of options is allowed by US residents rather than the binary side. Which is too bad, because those are a lot of fun!
  • #19,390
  • Feb 20, 2024 10:51pm Feb 20, 2024 10:51pm
The CFTC really killed the US currency trading years ago when they began to regulate margin requirements and such "to protect the investors from themselves." That's when I stopped trading currency and went back to options. Remember, they went from 400:1 to 50:1 max, so that cost me 8 times more to make the same trade! If I was gonna have to put up a few thousand for each trade, I can do better with stock/index options.
  • #19,391
  • Feb 20, 2024 11:00pm Feb 20, 2024 11:00pm
I notice a lot of people come to this thread and hopefully get a lot out of it. If that is the case, I recommend you consider joining ForexFactory and subscribe to the people you want to follow, as that shows them the time and effort spent on posting is actually beneficial and helping other traders. Just a thought....
  • #19,392
  • Feb 20, 2024 11:09pm Feb 20, 2024 11:09pm
Quoting moneymaker2
they went from 400:1 to 50:1 max....
400:1 probly woulda killed me...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,393
  • Feb 20, 2024 11:13pm Feb 20, 2024 11:13pm
money, was that you buying 20,000 NVDA $1300 calls today?
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,394
  • Feb 21, 2024 12:07am Feb 21, 2024 12:07am
Quoting The Fool
money, was that you buying 20,000 NVDA $1300 calls today? {image}
Shoot, no! Too rich for me. That's some big boys/market makers selling covered calls just to make a little money, knowing it ain't getting to 1300 by Friday!
  • #19,395
  • Feb 21, 2024 1:31am Feb 21, 2024 1:31am
NVDA expected move for 2/23 is 11-12%, that would get us to $800 on the upside. Any kind of down move will be a btfd opp. I will probably buy some cheap call flys around $800, might spend 50c for a few...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,396
  • Feb 21, 2024 3:05am Feb 21, 2024 3:05am
Quoting moneymaker2
{quote} But, overall, you got your feet wet with options, got in and out of a trade via your platform and you didn't lose money. I would still put that in the "WIN" column!
It's definitely a win, in at 0.47 and out at 0.49. Not a lot but small profit is still a profit
  • #19,397
  • Feb 21, 2024 10:09am Feb 21, 2024 10:09am
Out of the following:

QDEL Mar15 45 CALL at $4.20 up from $1.90

DIS Mar1 109 PUT at $2.00 up from $1.34 avg

DIS Mar1 110 PUT at $2.62 up from $1.51

DIS Mar15 110 PUT at $3.30 up from $2.44
  • #19,398
  • Feb 21, 2024 10:13am Feb 21, 2024 10:13am
In the following:

ROKU Mar8 70 CALL at $2.05

Apparently got hit earlier, but just got the alert.
  • #19,399
  • Feb 21, 2024 12:51pm Feb 21, 2024 12:51pm
In the following;

WM Mar15 200 PUT at $1.20
  • #19,400
  • Feb 21, 2024 2:29pm Feb 21, 2024 2:29pm
Added to the following:

ROKU Mar8 70 CALL at $1.23, lowering the average to $1.52

RL Mar15 170 PUT at $0.65, lowering the average to $1.08
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