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Let's Trade Options

  • #401
  • May 29, 2013 1:46pm May 29, 2013 1:46pm
New trade for mr

bought FCX $32 CALLS for 4c

FCX May 2013 32.000 call (FCX130531C00032000)
-OPR
0.04 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.02(33.33%)

underly price
Freeport-McMoRan Copper & Gold Inc. (FCX)
-NYSE
31.11 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.22(0.71%) 2:44PM EDT - Nasdaq Real Time Price
  • #402
  • May 29, 2013 2:17pm May 29, 2013 2:17pm
Quoting Cecil Gee
{quote} I'm taking the risk for GDX $29 call for 5c bought GDX May 2013 29.000 call (GDX130531C00029000)-OPR0.05 0.00(0.00%)
I ended up closing this option for 11c , GLD looks sluggish

so bought GDX for 5c and closed for 11c, doubled it

GDX May 2013 29.000 call (GDX130531C00029000)
-OPR
0.11 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.06(120.00%) 2:48PM EDT

underly up to 28.20

Market Vectors Gold Miners ETF (GDX)
-NYSEArca
28.20 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.98(3.60%)
  • #403
  • May 29, 2013 2:34pm May 29, 2013 2:34pm
Quoting Cecil Gee
{quote} I ended up closing this option for 11c , GLD looks sluggish so bought GDX for 5c and closed for 11c, doubled it GDX May 2013 29.000 call (GDX130531C00029000)-OPR0.11 {image} 0.06(120.00%) 2:48PM EDT underly up to 28.20 Market Vectors Gold Miners ETF (GDX)-NYSEArca28.20 {image} 0.98(3.60%)

using my profits from the above trade i've bought back into faz 3x bear financial etf

i've bought $31 put for 6c

FAZ May 2013 31.000 put (FAZ130531P00031000)
-OPR
0.06 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.02(25.00%)

underly price below

Direxion Daily Financial Bear 3X Shares (FAZ)
-NYSEArca
32.19 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.17(0.53%) 3:30PM EDT - Nasdaq Real Time Price
  • #404
  • May 29, 2013 3:00pm May 29, 2013 3:00pm
late surge in GDX up to 28.47, i closed to early
  • #405
  • May 29, 2013 5:17pm May 29, 2013 5:17pm
CG you been busy brother!! I gotta take some time and review your positioning
  • #406
  • May 29, 2013 6:05pm May 29, 2013 6:05pm
Quoting Wulfgar
CG you been busy brother!! I gotta take some time and review your positioning
should not of gone back in to FAZ
  • #407
  • May 29, 2013 6:59pm May 29, 2013 6:59pm
Quoting Cecil Gee
Another trade i may consider is the EWZ $53.50 put for 13c or around there, NOT taken yet just considering underly price is $54.31 iShares MSCI Brazil Capped Index (EWZ)-NYSEArca54.30 {image} 0.28(0.51%) 3:01PM EDT - Nasdaq Real Time Price EWZ May 2013 53.500 put (EWZ130531P00053500)-OPR0.13 {image} 0.08(38.10%) 2:35PM EDT
what a great trade i passed on, closed at 1.02

$13 a contract turned into $102 per contract

EWZ May 2013 53.500 put (EWZ130531P00053500)
-OPR
1.02 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.84(466.67%)
  • #408
  • May 29, 2013 7:27pm May 29, 2013 7:27pm
NIKKEI down over 400 points
  • #409
  • May 29, 2013 7:46pm May 29, 2013 7:46pm
Walmart looks as though it will continue its sllide on thursday, price closed 76.23

Wal-Mart Stores Inc. (WMT)
-NYSE
76.23 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 1.09(1.41%) 4:00PM EDT|After Hours : 76.23 0.00 (0.00%) 5:32PM EDT


fridays $75 put may give something that closed at 7c, probably watch this as I haven't traded walmart for a long time

WMT May 2013 75.000 put (WMT130531P00075000)
-OPR
0.07 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.04(133.33%) 3:46PM EDT
  • #410
  • May 30, 2013 7:59am May 30, 2013 7:59am
T.F. / WULFGAR

i'll be in later and stll have those two options stll in play, FAZ and FCX, closed that GDX $29 call far to early pre market saying its 28.93.

see ya later
  • #411
  • May 30, 2013 11:59am May 30, 2013 11:59am
Finally we get some movement in gold and my IAU straddle is atm - just need a little more long gold juice to make a little money. Had to wait too long for that, if gold falls back to its sub $1,400 range I will be very perturbed.

EWJ weekly $11.50 call looks to be heading for 0. I am batting 0.00 on weeklies so far. Not sure I will be able to make weeklies a big part of my book, just don't have the daytime hours to intensively manage quick trades.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #412
  • May 30, 2013 1:22pm May 30, 2013 1:22pm
Quoting The Fool
Finally we get some movement in gold and my IAU straddle is atm - just need a little more long gold juice to make a little money. Had to wait too long for that, if gold falls back to its sub $1,400 range I will be very perturbed. EWJ weekly $11.50 call looks to be heading for 0. I am batting 0.00 on weeklies so far. Not sure I will be able to make weeklies a big part of my book, just don't have the daytime hours to intensively manage quick trades.

Welcome to the party brother, Although I am fidgiting around with these weeklies right now... the bread and butter is still trading off Daily/weekly/monthly time frames using monthly options strategies on very liquid instruments


Put on another iron condor on SPY.... recieved 2.05 credit for it... trying to capture the 169.20/159.50 range through July
  • #413
  • May 30, 2013 1:56pm May 30, 2013 1:56pm
Quoting Cecil Gee
{quote} using my profits from the above trade i've bought back into faz 3x bear financial etf i've bought $31 put for 6c FAZ May 2013 31.000 put (FAZ130531P00031000)-OPR0.06 {image} 0.02(25.00%) underly price below Direxion Daily Financial Bear 3X Shares (FAZ)-NYSEArca32.19 {image} 0.17(0.53%) 3:30PM EDT - Nasdaq Real Time Price
My option is up to 18c, thats tripled. I'm holding out on this to see if i can squeeze more out

underly price is down to 31.28 from the red highlighted price

Direxion Daily Financial Bear 3X Shares (FAZ)
-NYSEArca
31.28 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 1.23(3.78%) 2:54PM EDT - Nasdaq Real Time Price
  • #414
  • May 30, 2013 2:01pm May 30, 2013 2:01pm
Quoting Cecil Gee
{quote} I ended up closing this option for 11c , GLD looks sluggish so bought GDX for 5c and closed for 11c, doubled it GDX May 2013 29.000 call (GDX130531C00029000)-OPR0.11 {image} 0.06(120.00%) 2:48PM EDT underly up to 28.20 Market Vectors Gold Miners ETF (GDX)-NYSEArca28.20 {image} 0.98(3.60%)
If i wasn't so chicken shit yesterday and closed for that 11c and held out for today GDX went above $30 and that option went to $1.12 thats 30x more than i originally paid.

Market Vectors Gold Miners ETF (GDX)
-NYSEArca
29.88 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 1.38(4.84%) 3:00PM EDT - Nasdaq Real Time Price
  • #415
  • May 30, 2013 2:03pm May 30, 2013 2:03pm
Quoting Cecil Gee
{quote} My option is up to 18c, thats tripled. I'm holding out on this to see if i can squeeze more out underly price is down to 31.28 from the red highlighted price Direxion Daily Financial Bear 3X Shares (FAZ)-NYSEArca31.28 {image} 1.23(3.78%) 2:54PM EDT - Nasdaq Real Time Price
my option price started to drop so closed it for 15c, still more than doubled it

FAZ May 2013 31.000 put (FAZ130531P00031000)
-OPR
0.15 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.09(150.00%)
  • #416
  • May 30, 2013 2:09pm May 30, 2013 2:09pm
Quoting The Fool
Finally we get some movement in gold and my IAU straddle is atm - just need a little more long gold juice to make a little money. Had to wait too long for that, if gold falls back to its sub $1,400 range I will be very perturbed. EWJ weekly $11.50 call looks to be heading for 0. I am batting 0.00 on weeklies so far. Not sure I will be able to make weeklies a big part of my book, just don't have the daytime hours to intensively manage quick trades.
With a little more experience you will learn that you can set pending orders and there's no need to be at your desk every minute because if you can get into the mindset of that your risk is just your premium you pay plus commissions it get much easier, concentrate on just one etf/stock and work with that
  • #417
  • May 30, 2013 2:14pm May 30, 2013 2:14pm
Quoting Cecil Gee
New trade for mr bought FCX $32 CALLS for 4c FCX May 2013 32.000 call (FCX130531C00032000)-OPR0.04 {image} 0.02(33.33%) underly price Freeport-McMoRan Copper & Gold Inc. (FCX)-NYSE31.11 {image} 0.22(0.71%) 2:44PM EDT - Nasdaq Real Time Price
Still in this trade, my option is at 11c I PAID 4C and FCX IS up to $31.81. closed a few contracts just to settle the commission rest i'll just ride win or lose its not going to cost me


Freeport-McMoRan Copper & Gold Inc. (FCX)
-NYSE
31.80 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.74(2.39%) 3:11PM EDT - Nasdaq Real Time Price
  • #418
  • May 30, 2013 2:15pm May 30, 2013 2:15pm
Quoting Cecil Gee
{quote} With a little more experience you will learn that you can set pending orders and there's no need to be at your desk every minute because if you can get into the mindset of that your risk is just your premium you pay plus commissions it get much easier, concentrate on just one etf/stock and work with that
Thanks, brother - I am not giving up, just going to paper trade them for a while. Checked out TradeMonster, better comm than have anywhere else, will prolly open an account there.

Meanwhile, do you think NBG is heading back to $50? - was up 500% today. I had been watching that but fm had nothing on it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-30_nbg.png Size: 79 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #419
  • May 30, 2013 2:18pm May 30, 2013 2:18pm
Quoting Cecil Gee
Walmart looks as though it will continue its sllide on thursday, price closed 76.23 Wal-Mart Stores Inc. (WMT)-NYSE76.23 {image} 1.09(1.41%) 4:00PM EDT|After Hours : 76.23 0.00 (0.00%) 5:32PM EDT fridays $75 put may give something that closed at 7c, probably watch this as I haven't traded walmart for a long time WMT May 2013 75.000 put (WMT130531P00075000)-OPR0.07 {image} 0.04(133.33%) 3:46PM EDT
wmt did fall but not by much as the market is up, went down to 75.78. now trading at $75.98

Wal-Mart Stores Inc. (WMT)
-NYSE
75.98 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.25(0.33%) 3:17PM EDT - Nasdaq Real Time Price
  • #420
  • May 30, 2013 2:19pm May 30, 2013 2:19pm
Quoting The Fool
{quote} Thanks, brother - I am not giving up, just going to paper trade them for a while. Checked out TradeMonster, better comm than have anywhere else, will prolly open an account there. Meanwhile, do you think NBG is heading back to $50? - was up 500% today. I had been watching that but fm had nothing on it. {image}
you can negotiate commissions even cheaper once your active
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