Let's Trade Options

what'll happen to DJT if Trump loses the election? If he gets jailed. If he strokes out on the golf course? Heaviest options volume is in the extreme otm puts. Interesting elevated iv in the Sept options vs later options makes for some very cheap time spread opps.

Out of the following:

CTSH Apr19 CALL at $2.05 up from $1.40

Probably some more upside, but my indicators are showing a stall, so I'll take the money and run...

small bet on RUT rally continuing

DJT down $20, but the far otm puts are losing money....???? Figures....

Just got home from shopping for over 8 hours and spending WAYYYYY too much money on a bunch of plants and flowers to put in the yard that will ultimately end up as deer food.... and found I got out of the following:

FDX Apr12 280 PUT at $3.50 up from $1.25

It was put in more of a place-keeper trade, as I didn't expect it to get hit. a sweet/sour trade, because even though that was a very good chunk of change, I think it has more money left in it, but unless we get a pop up in the morning, I think I'm done with it for now.

call diag be about 2100, RUT be there or better by Friday on a magic NFP

I'll be looking at the following in the morning:

CCJ Put

PVH Call

Nothing much else to look at, at least that is affordable, anyways.....

Holy Indicator Adjustment, Batman! I think I may have just found the issue with my settings! It wasn't any numbers, it wasn't any characters, it wasn't the order, it wasn't the grouping......IT WAS A SPACE. A simple, hard-to-find-because-it-is-right-in-front-of-you-hiding-in-plain-sight-kinda thing! One simple space! Probably from a backspace or a cut and paste I did. But it makes a difference....a very visible difference in the magnitude of what I am looking for.

Next week should offer a lot more good trading opportunities. I'm gonna be busy this weekend!!

Markets getting more touchy around these recurring big data releases - NFP Friday and CPI next Wed. Against backdrop of inflationary runs in commodities, persistent & increasing geopoli risk. CPI next week especially could be a binary opp - markets would rip on a weak number, drop if it's hot.

In the following:

PVH Apr19 110 CALL at $1.50

Still looking at CCJ Put.....

In the following:

CCJ Apr19 50 PUT at $1.69

Took forever for them to come off the Ask price...and there is only about a 4-6 cents spread!

Added to the following based on my "fixed" indicator:

CCJ Apr19 50 PUT at $1.50, bringing average down to $1.595

I also have a Hail Mary bid on:

CCJ Apr19 49 PUT at $1.00

Chances are it will not get hit.

Out of the following:

CCJ Apr19 50 PUT at $2.50, up from $1.69 average

Added to the following:

PVH Apr19 110 CALL at $0.95, lowering average to $1.13

I hope you had some puts on to catch big dump Thursday, money. I was on the wrong side of that, but riding thru it now with good duration.

Well, I was informed I am going flower shopping with the misses, so I'm out of the following:

PVH Apr19 110 CALL at $1.95, up from $1.13 average.

I did well with the CCJ Put, but my COP Put doesn't look like it is ever coming down....

lol...

JPow needs to take Kashkari to the woodshed. The Goldilocks dream must not die. RUT to rally hard on easing inflation reports next week.

While I was playing around with my indicator tweaking this weekend trying to figure out why some of my picks did what they did (even though I had that extra space in there, some shouldn't have been that far off), I tweaked something that may actually be even better than what I've been using for nearly two decades! The main difference is that this one isn't for extreme overbought/oversold short term moves, but more longer term moves of one to up to five weeks, sometimes a bit longer. Looking at the charts, it appears to be amazingly accurate, but that is just applying it to past charts. I'm gonna have to do some real-time research for the next few weeks to see what it does real-time, but since the charts are just snapshots of real-time, I'm thinking it should play out just fine.

Before I sink big money into a trade using this, I am going to do something I haven't done in, well, I can't remember the last time: buy only one Put/Call. I can't use all of my stocks that I watch, so I am going to have to narrow down the ones that can move a great deal in about 2-3 weeks, and/or have the strike prices spaced beneficially to be able to make the biggest bang for the buck (and that don't have a big Bid/Ask spread), and expiration dates that will play well with the longer timeframe. I will have to buy farther out and in-the-money, or at least at-the-money options, so I'll be spending more money per trade, but the return can be much more, plus it will give me several trades to chose from while I am waiting for those extreme overbought/oversold conditions to materialize. I'll have to do some major culling, and that in itself will take some time to go through roughly 475 stocks/indexes and their option chains, but I'm thinking this will be well worth the effort.

So, I may not be on here as much as I normally am for a little while (to comment, anyway), but I'll visit every day. And naturally, If I make a trade using my normal method, I'll post about it, but I want to iron things out with this new method pretty quickly, because it may very well be a game changer for my wallet!

Good luck amigo.