Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

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

a Mon/Fri put cldr and a Mon put vert combo...putting the calendar strike at about 2x the ex:move

@Fri....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB


but try to catch black Monday...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
"If The Fool persists in his Folly he will become wise." - William Blake
trying to take off some of the SPX Sep20/23 5275 put cldrs for $2.50; added the Sep9 SPX call backspreads @ 5655/5650 for $1.50. The latter covered by the cldr sell and also will make up for any cldr loss if we get a bounce off the NFP. I might spring some RUT gambles b4 the close...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
"If The Fool persists in his Folly he will become wise." - William Blake
QQQ bear trades all made money; SPX call spreads lost. A wash. SPX put cldrs all I have left running, they are about $2 in profit, will see what the bears can do next week.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
"If The Fool persists in his Folly he will become wise." - William Blake
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
if you shoot from a couple weeks out, these AM/PM SPX diagonals, 10 pts wide, can usually be put on for a small profit. If you don't want to burn the margin, the calendars are cheap also. What you earn from the diag credit can be plowed back in to the trade as a vert or long call that hedges the diag tail risk. So, the trade can go on for a very small debit, with no downside risk, and a guarded upside tail risk.

The same date calendar usually costs 40-60c and needs much less margin committed. I don't really think stocks will rally much in the next week, but they could bounce off the 9/18 FOMC. Always just a matter of time. Low risk trades should be there just in case. General approach is to not wait til near expiry, grab 2x-3x asap.

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
Can the bears keep the bear train going til the Sep FOMC? 5100 is a decent target. Sep20 ex-move is 210, gets ya 5200....combo shown is risk free below 5320, risks <$2500 to make up to $20k or even more, with a perfect finish...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
"If The Fool persists in his Folly he will become wise." - William Blake
all inflation data this week, lets employment & other econ data take a breather, could see a decent bounce in small caps
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
https://www.yahoo.com/finance/news/f...120300076.html

piggyback Icahn on JBLU
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
"If The Fool persists in his Folly he will become wise." - William Blake
letting SPX put calendar ride, will cash it out tomorrow if rally continues. Added the call combo shown, for this week. I have to bet we'll see decreasing inflation data and markets will rally on that.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
"If The Fool persists in his Folly he will become wise." - William Blake
no closes today, added a little long delta @ XSP calendars, just waiting for the inflation data to see what that does....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
"If The Fool persists in his Folly he will become wise." - William Blake
A Friday pin 5600 will be ideal. Big move up has decimated much of the profit in the put calendars. (They were near $2.50 net on the swing down today.) There's still time in them but I'll maybe cash them out tomorrow. Looking for a perfect finish for the SPX and XSP call spreads.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
"If The Fool persists in his Folly he will become wise." - William Blake
gimme a RUT move off the FOMC. some ideas....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
A Friday pin 5600 will be ideal. Big move up has decimated much of the profit in the put calendars. (They were near $2.50 net on the swing down today.) There's still time in them but I'll maybe cash them out tomorrow. Looking for a perfect finish for the SPX and XSP call spreads. {image} {image}
Closed all the XSP 560 call calendars for $1.75, very nice. I tried to cash out 1/3 of the SPX call diagonals for $5.25, but she never quite got there. All are riding, with their hedges, for another 5600 pin day Friday. The diagonals could get >$10, we'll see.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
{quote} Closed all the XSP 560 call calendars for $1.75, very nice. I tried to cash out 1/3 of the SPX call diagonals for $5.25, but she never quite got there. All are riding, with their hedges, for another 5600 pin day Friday. The diagonals could get >$10, we'll see.
Trick Friday is to fish the theoretical maximum out of the SPX call diagonals - somewhere around $18, will occur if SPX closes near (but below) 5615 in the last 1/2 hour or so of the trading day. Very hard to pull that off, but I have done it. Will be watching for SPX to open and flag around 5600 and then grind up a bit after lunch. With the ATR around 40+, different moves probably more likely. TF needs a lucky day though, for a change. I have across 3 accounts about 18 of those combos. Perfect day would be > $35k just off the hedged SPX diagonals. Eyes on the prize. (I also have a set of 5620/5625/5630, same dates, same goal, but will help if SPX keeps melting up.)
"If The Fool persists in his Folly he will become wise." - William Blake
what a wicked reversal on Wed, and a little echo of it today. My hope is, after big moves for 2 previous days, we flag on a friday....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
"If The Fool persists in his Folly he will become wise." - William Blake
fomc 9/18...50 or 25, 25 or 50? zzzzforever, but, what will indices do either way? My best guess is we rally on 25 and pull back on 50. I wii have a little bit riding on the bear case....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
"If The Fool persists in his Folly he will become wise." - William Blake
looking at 2 weeks out...note the diagonal with no downside risk, and similar margin requirements as a calendar. Similar to a calendar, slightly larger debit, earns $ on the downside....

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
"If The Fool persists in his Folly he will become wise." - William Blake
Couldn't fight the melt-up. Diagonals came off for $5 and the 1-lot long call hedge got $20.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
{quote} Eyes on the prize. (I also have a set of 5620/5625/5630, same dates, same goal, but will help if SPX keeps melting up.)
...actually it's 5625/5630/5635, now with SPX at 5628 coming out of the lunch hour, we'll see if this one has a shot at perfection....
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
{quote}... we'll see if this one has a shot at perfection....
...the problem with these is always the same - you have to bite the bullet and commit to waiting to the last hour, or even the last 1/4 hr....if you do that, you might be kissing goodbye some of the good unrealized profit of the trade. I usually grab the cash when it looks good, maybe leave a little bit to run for glory...

...this time I gave up the fight agin the melt-up in round 2, took off the 5625/5630 diag for $6.50 and the 5635 long call for $18. And I am flat, pondering trades for the FOMC aftermath...
"If The Fool persists in his Folly he will become wise." - William Blake
3 traders viewing now