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Let's Trade Options

  • #441
  • May 31, 2013 8:51am May 31, 2013 8:51am
Quoting Cecil Gee
watch FCX tomorrow twice as much volume traded today but the move was somewhat slow
knew something was wrong late yesterday when price crawled up now its down and my options that are left will end up worthless, good thing i took some of yesterday

Freeport-McMoRan Copper & Gold Inc. (FCX)
-NYSE
31.56 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.29(0.91%) 9:49AM EDT - Nasdaq Real Time Price
  • #442
  • May 31, 2013 8:54am May 31, 2013 8:54am
Quoting cecil gee
{quote} if i can get walmart for 5c or under i'm buying the $75 put for today expiration finish current underly price below wal-mart stores inc. (wmt) -nyse 75.40 {image} 0.23(0.30%) 9:45am edt - nasdaq real time price
not trading this either, just seen the data.
  • #443
  • May 31, 2013 8:58am May 31, 2013 8:58am
I am NOT in this trade but lets observe the gamma in this, TLT

opening price was actually 4c

TLT May 2013 114.000 put (TLT130531P00114000)
-OPR
0.06 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.07(53.85%) 9:38AM EDT
  • #444
  • May 31, 2013 8:59am May 31, 2013 8:59am
Quoting Cecil Gee
{quote} not trading this either, just seen the data.
TLT looks like it will bounce after a steep drop on the open.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #445
  • May 31, 2013 9:03am May 31, 2013 9:03am
Quoting The Fool
{quote} TLT looks like it will bounce after a steep drop on the open.
I think they might take it down to those lows, time will tell
  • #446
  • May 31, 2013 9:27am May 31, 2013 9:27am
Quoting cecil gee
i am not in this trade but lets observe the gamma in this, tlt opening price was actually 4c tlt may 2013 114.000 put (tlt130531p00114000) -opr 0.06 {image} 0.07(53.85%) 9:38am edt
~1 hr later they're at $0.33
"If The Fool persists in his Folly he will become wise." - William Blake
  • #447
  • May 31, 2013 9:59am May 31, 2013 9:59am
Quoting The Fool
{quote} ~1 hr later they're at $0.33
T.F. They went TO 42C from 4c, now trading at 24-25c, check the days range

Day's Range:0.04 - 0.42

AT One stage $for every $4 contract you bought you could of sold for $42 or even $24 now
  • #448
  • May 31, 2013 10:01am May 31, 2013 10:01am
I hopr TLT takes that low out then we can trade outside the range in the new month
  • #449
  • May 31, 2013 10:12am May 31, 2013 10:12am
I haven't taken this trade yet just waitinf for FAZ to fall below $31.55 then i should be able to buy the $31 put for 2-3c

for just todays expiration

FAZ May 2013 31.000 put (FAZ130531P00031000)
-OPR
0.03 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.06(66.67%) 10:47AM EDT

price is 31.57 NOW!!
  • #450
  • May 31, 2013 10:15am May 31, 2013 10:15am
Quoting Cecil Gee
I haven't taken this trade yet just waitinf for FAZ to fall below $31.55 then i should be able to buy the $31 put for 2-3c for just todays expiration FAZ May 2013 31.000 put (FAZ130531P00031000) -OPR 0.03 {image} 0.06(66.67%) 10:47AM EDT price is 31.57 NOW!!

IN FOR 3C = $3 PER CONTRACT + commissions

edit: forgot underly price $31.50

Direxion Daily Financial Bear 3X Shares (FAZ)
-NYSEArca
31.50 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.11(0.35%) 11:15AM EDT - Nasdaq Real Time Price
  • #451
  • May 31, 2013 10:31am May 31, 2013 10:31am
Quoting Cecil Gee
{quote} IN FOR 3C = $3 PER CONTRACT + commissions
IF the market rallies FAZ will prolly sink, but on the chart looks like it could bounce
"If The Fool persists in his Folly he will become wise." - William Blake
  • #452
  • May 31, 2013 10:32am May 31, 2013 10:32am
Quoting The Fool
{quote} IF the market rallies FAZ will prolly sink, but on the chart looks like it could bounce
yes, price needs to get under 31.55 for it to have a chance , now at 31.60
  • #453
  • May 31, 2013 10:34am May 31, 2013 10:34am
Quoting Cecil Gee
{quote} T.F thx for the heads up on DUST, its on my list to trade. I think one can make a lot of money just trading it
DUST really moves, but it is a little thin & the options expensive.

I'm still stuck in the middle of my IAU straddle, learned my lesson on that one, doesn't move enough. Gold couldn't extend a breakout past one day...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #454
  • May 31, 2013 10:38am May 31, 2013 10:38am
Quoting The Fool
{quote} DUST really moves, but it is a little thin & the options expensive. I'm still stuck in the middle of my IAU straddle, learned my lesson on that one, doesn't move enough. Gold couldn't extend a breakout past one day...
yeah agree brilliant mover but thin on options trade thats why NUGT is much better, but occassionally we may get a really cheap option in DUST that can make you a years worth of income in a day
  • #455
  • May 31, 2013 3:53pm May 31, 2013 3:53pm
Quoting Cecil Gee
{quote} IN FOR 3C = $3 PER CONTRACT + commissions edit: forgot underly price $31.50 Direxion Daily Financial Bear 3X Shares (FAZ) -NYSEArca 31.50 {image} 0.11(0.35%) 11:15AM EDT - Nasdaq Real Time Price
Well that one never worked, option expired worthless plus commissions
  • #456
  • May 31, 2013 3:55pm May 31, 2013 3:55pm
Quoting Cecil Gee
{quote} If i can get walmart for 5c or under i'm buying the $75 put for today expiration finish current underly price below Wal-Mart Stores Inc. (WMT) -NYSE 75.40 {image} 0.23(0.30%) 9:45AM EDT - Nasdaq Real Time Price
knew this would drop eventually

Wal-Mart Stores Inc. (WMT)
-NYSE
74.84 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.79(1.04%) 4:02PM EDT|After Hours : 74.82 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.02 (0.03%) 4:38PM EDT
  • #457
  • May 31, 2013 3:59pm May 31, 2013 3:59pm
lots of volatilty on its way, check your vix charts
  • #458
  • May 31, 2013 4:22pm May 31, 2013 4:22pm
pretty awesome close... confirmation of mid-term technical top put in across the broad markets
  • #459
  • May 31, 2013 4:23pm May 31, 2013 4:23pm
the POWER of weekly options. Happened today!

This what i've been trying to explain, look at the option below

blue= contract low price today
green= contract high price today
yellow= closing price

in simple terms whoever bought the contract at its lowest price for $1 could have sold for $83 later or just waited and closed just before closing near $55, per EVERY $1 contract bought

SPDR S&P 500 ETF 2013 May 31 164.00 Put (@SPY 130531P00164000)
May 31 5:09 PM EDT

Last Sale
0.55
Net
http://app.quotemedia.com/quotetools/images/qm_up.gif 0.44
Day High
0.83
Day Low
0.01
Volume
444529
Prev Close
0.11
Open
0.12
Open Interest
335506

Read more: http://www.nasdaq.com/aspxcontent/op...#ixzz2UuIztlWx
  • #460
  • May 31, 2013 4:25pm May 31, 2013 4:25pm
Quoting Wulfgar
pretty awesome close... confirmation of mid-term technical top put in across the broad markets
VXX is so important next week, watch it guys, it has tremendous movement
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