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Let's Trade Options

  • #19,601
  • Jul 5, 2024 3:50pm Jul 5, 2024 3:50pm
Inserted Video


imo we are in store for bull action well into 2025. Only US political risk events or big earnings misses can offer chance of pullback in the next few weeks. Then some volatility around the election and maybe in the months following.

Fed and other CB easing cycles beginning backstops risk markets generally, and US equity strength is a preferred risk asset target, above all others globally.

Impossible to predict exogenous events that might break the bull trend. And even if/when then, probably will be V-bottom chances to btfd.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,602
  • Jul 9, 2024 6:09pm Jul 9, 2024 6:09pm
Hello! Good to see another options trader on FF, good stuff here, looking forward to following along.

Best JP
  • #19,603
  • Jul 10, 2024 12:25am Jul 10, 2024 12:25am
Quoting Jcp
Hello! Good to see another options trader on FF, good stuff here, looking forward to following along. Best JP
welcome. Feel free to post any trades you're in or thinking about.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,604
  • Jul 10, 2024 11:29am Jul 10, 2024 11:29am
Quoting The Fool
{quote}welcome. Feel free to post any trades you're in or thinking about.
Thanks. Most recently, I'm in a couple of short term long call positions on SBUX, looking to close them out if price reaches 74.50 fairly soon. Specifically, long 7/19 exp. 71 at 2.55 and the 72 at 1.51. I'm also in several credit spreads, both put and call spreads over a variety of stocks and futures. I purposely keep a variety of strategies going at any given time, and tend to roll out losing positions as long as possible, especially on the vertical put spreads. I find put spreads and even long call positions on stocks can almost always be rolled to either break even or a profit, as long as I keep each position small relative to my account.
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  • #19,605
  • Jul 11, 2024 10:50am Jul 11, 2024 10:50am
I have another thread where I just trade ICs mostly, SPX mostly,,,,,

https://www.forexfactory.com/thread/...9#post14928509
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,606
  • Jul 11, 2024 11:17am Jul 11, 2024 11:17am
Quoting Jcp
{quote}I'm also in several credit spreads, both put and call spreads over a variety of stocks and futures. I purposely keep a variety of strategies going at any given time, and tend to roll out losing positions as long as possible, especially on the vertical put spreads. I find put spreads and even long call positions on stocks can almost always be rolled to either break even or a profit, as long as I keep each position small relative to my account.
Cool. I pretty much only trade the euro-style options, mostly SPX but also RUT & XSP. Sometimes IWM and QQQ. I'm too lazy to follow the story stocks.

I'd be interested in seeing you narrate some credit spread trades. I agree about rolling to save profit or b/e on condors or ICs, but that takes some skill and patience, and I don't always have enough of either.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,607
  • Jul 11, 2024 11:37am Jul 11, 2024 11:37am
Awesome, I'll check out your other thread.

I'm interested in your euro-style option trades, I've wanted to trade those for some time now, for tax purposes in my individual brokerage account, but really have a hard time keeping to such a small selection. The variety of the equity options are what keep me chugging along in my retirement accounts, in fact the variety is sort of the strategy or approach or whatever you want to call it.

I'd be happy to narrate my setups as they come along, let me know if you prefer here or your other thread.
  • #19,608
  • Jul 11, 2024 3:26pm Jul 11, 2024 3:26pm
Quoting Jcp
I'd be happy to narrate my setups as they come along, let me know if you prefer here or your other thread.
here probably best unless you're doing long dated credit spreads or ic's. Euro options have lots of advantages, being cash-settled important to me. Plus SPX is very liquid...big and juicy.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,609
  • Jul 11, 2024 4:36pm Jul 11, 2024 4:36pm
Russell up 3.8%, spoos down 1%, Nasdaq down 2.3%...heavy rotation, don't see this everday
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,610
  • Jul 16, 2024 11:56am Jul 16, 2024 11:56am
Finally placed a currency position (long the Australian Dollar), so figured I'd give it a post here:

Long .665 Call (Aug exp) for .011

Looking for a retracement of yesterday and today. Will close this position relatively quick if it continues downward.
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  • #19,611
  • Jul 17, 2024 9:17pm Jul 17, 2024 9:17pm
wet dream moves in the Russell, I will take some low risk bets they may continue next week
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,612
  • Jul 18, 2024 9:32am Jul 18, 2024 9:32am
Quoting The Fool
wet dream moves in the Russell, I will take some low risk bets they may continue next week {image}
I like this trade. If it moves up will you place more of these? Do you usually close these early, or manage them, or simply leave them be?
  • #19,613
  • Jul 18, 2024 2:52pm Jul 18, 2024 2:52pm
Quoting Jcp
{quote} I like this trade. If it moves up will you place more of these? Do you usually close these early, or manage them, or simply leave them be?
I did not enter, will look again tomorrow. I'd like to put that call spread on in a rising tide. @ calendars and diagonals, I watch them & generally try to hold til the last day (ie, short strike expiry), that's when the best profit will be gained, if the underlying has moved well. If I've put on a diagonal for a small profit, I will hold til the options expire, if the underlying has moved well away from the short strike.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,614
  • Jul 19, 2024 1:57am Jul 19, 2024 1:57am
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,615
  • Jul 22, 2024 7:20pm Jul 22, 2024 7:20pm
TLT should make a run towards $120 @ yearend if JPow has his way.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,616
  • Jul 22, 2024 7:28pm Jul 22, 2024 7:28pm
couple cheap long range lotto shots...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,617
  • Jul 22, 2024 7:42pm Jul 22, 2024 7:42pm
1st rate cut 50bps? at the Sep FOMC, right b4 Sep Opex, ideally grab a runner on the long strike of a time spread....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,618
  • Jul 24, 2024 12:11am Jul 24, 2024 12:11am
I'll let Tom Lee tell it. But I agree, the Russell has more room to run, and we could see another xxx sigma move on a soft PCE Friday, I WANT SOME A THAT.

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,619
  • Jul 24, 2024 12:12am Jul 24, 2024 12:12am
OK, so how to trade it? Look at backspreads...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,620
  • Jul 24, 2024 12:17am Jul 24, 2024 12:17am
margin neutral call fly with a boost on the tail...
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