Let's Trade Options | Page 36 | Forex Factory

Options

Go to
Permalinks
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

  • #701
  • Jun 19, 2013 8:06pm Jun 19, 2013 8:06pm
Quoting The Fool
OK, Cecil. I'm in the Jun 22 VXX $19 puts for $0.14. ...based on the assumption markets rebound tomorrow... shoulda waited, coulda got in for $0.11 at the very end, or better yet, missed getting filled....well, we'll see....beer money...
wish you well but 19.52 may be tough nut to crack but you never know, your 1AU out must be doing well it closed at 13.13
  • #702
  • Jun 19, 2013 8:26pm Jun 19, 2013 8:26pm
Quoting Cecil Gee
{quote} Never got a chance to get in as the $27 put option opened at 17c and continued to move higher as GDX fell to $27.38 and the option price closed for 33c. I think GDX will blow through that $27 put after the FOMC and gold will edge towards its 52 week low. if silver breaks $20 level in the coming weeks then Gold will tumble with it and the metal traders know it.
Silver fallen more overnight as has gold
  • #703
  • Jun 19, 2013 8:31pm Jun 19, 2013 8:31pm
Hey T.F. how you doin?
  • #704
  • Jun 19, 2013 8:49pm Jun 19, 2013 8:49pm
Bad chinese manufacturing data, we could see a major sell off tomorrow with silver and gold
  • #705
  • Edited 10:42pm Jun 19, 2013 8:58pm | Edited 10:42pm
Quoting Cecil Gee
{quote} wish you well but 19.52 may be tough nut to crack but you never know, your 1AU out must be doing well it closed at 13.13
thanks, mate, VXX $19 put just a small trade. Watching Tokyo and the Nikkei not down too bad so far, I will be encouraged if they don't have a big sell-off. If we can get some buying back in NY session tomorrow I might make something. My expectations are low.

Yes, IAU $13 July put leg been waiting too long, so I need that $13.00 level breached to b/e. I think I paid $0.39 for them. If gold really starts to slide soon I will make some good money there. Hope to see gold sold hard overnight.

TLT closed after hours at $111.80 - that's a $3 swing in the last 5 days, almost a $15 drop in the last 6-7 weeks. If the 10yr rate keeps rising and can hit 3.0 by the end of the summer, my wildass Sep $100 TLT puts could pay 3-4x or better.

Still, when you make that on these scalps on the weeklies on a regular basis...hats off.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #706
  • Jun 19, 2013 9:04pm Jun 19, 2013 9:04pm
Quoting The Fool
{quote} thanks, mate, VXX $19 put just a small trade. Watching Tokyo and the Nikkei not down too bad so far, I will be encouraged if they don't have a big sell-off. If we can get some buying back in NY session tomorrow I might make something. My expectations are low. Yes, IAU $13 July put leg been waiting too long, so I need that $13.00 level breached to b/e. I think I paid $0.39 for them. If gold really starts to slide soon I will make some good money there. Hope to see gold sold hard overnight. TLT closed after hours at...
you may have your wish tomorrow, GOLD is down to 13.42
  • #707
  • Jun 19, 2013 9:08pm Jun 19, 2013 9:08pm
Quoting Cecil Gee
{quote} you may have your wish tomorrow, GOLD is down to 13.42
been a hard fought scrap, would love to see some momentum, some $50 drops. If we see into $12xx I will prolly have to sell a kidney so I can buy puts on DUST - it was up 9+% today....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #708
  • Jun 20, 2013 4:09am Jun 20, 2013 4:09am
Quoting The Fool
{quote} been a hard fought scrap, would love to see some momentum, some $50 drops. If we see into $12xx I will prolly have to sell a kidney so I can buy puts on DUST - it was up 9+% today....
You should be in the money today, Gold trading at 1311, your iau put option deep in the money
  • #709
  • Jun 20, 2013 4:16am Jun 20, 2013 4:16am
Quoting Cecil Gee
{quote} Never got a chance to get in as the $27 put option opened at 17c and continued to move higher as GDX fell to $27.38 and the option price closed for 33c. I think GDX will blow through that $27 put after the FOMC and gold will edge towards its 52 week low. if silver breaks $20 level in the coming weeks then Gold will tumble with it and the metal traders know it.
Silver at 20.28, will it bounce from here?
  • #710
  • Jun 20, 2013 5:33am Jun 20, 2013 5:33am
Quoting Cecil Gee
{quote} Silver at 20.28, will it bounce from here?
NO it won't cus silver is below $20 now at $19.77
  • #711
  • Jun 20, 2013 5:35am Jun 20, 2013 5:35am
Quoting Cecil Gee
{quote} Still in this, I did buy for 7c and the $18 put closed for 26c, i'm hoping for a little more before I close out. ABX CLOSED at $18.01 ABX Jun 2013 18.000 put (ABX130622P00018000) -OPR 0.26 {image} 0.19(271.43%) 3:59PM EDT
With Gold falling hard I'm hoping my ABX option trade go over a $whole giving me close to 15x when market opens
  • #712
  • Jun 20, 2013 8:30am Jun 20, 2013 8:30am
Quoting Cecil Gee
{quote} With Gold falling hard I'm hoping my ABX option trade go over a $whole giving me close to 15x when market opens
"If The Fool persists in his Folly he will become wise." - William Blake
  • #713
  • Jun 20, 2013 1:36pm Jun 20, 2013 1:36pm
yeehaw eh guys?

still in my spreads.... really didnt expect all this volatility this summer

as long as spy stays above 158 and IWm stays above 91 Im good.... but it is def a bumpy ride with the markets going haywire everyday....

got a $1.05 credit on a TLT July 106/115 short strangle...

letssee if it can go somewhere(or preferebly not go anywhere
  • #714
  • Jun 20, 2013 1:38pm Jun 20, 2013 1:38pm
No complaints here. USO, TLT, even IAU puts up large. Didn't get short as much as I wanted elsewhere but it's enough.

VXX $19 w calls of course were wiped.

So how long will the carnage continue? I'd like to bid Dust July puts - we should see gold bounce in the $1,200's. No rush though....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #715
  • Jun 20, 2013 1:43pm Jun 20, 2013 1:43pm
Quoting Wulfgar
yeehaw eh guys? still in my spreads.... really didnt expect all this volatility this summer as long as spy stays above 158 and IWm stays above 91 Im good.... but it is def a bumpy ride with the markets going haywire everyday.... got a $1.05 credit on a TLT July 106/115 short strangle... letssee if it can go somewhere(or preferebly not go anywhere
TLT July 106/115 huh? I guess that might fly. Honestly I don't know what to expect - avalanches are hard to predict, just get on and ride or get the hell out the way.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #716
  • Jun 20, 2013 2:30pm Jun 20, 2013 2:30pm
Quoting The Fool
{quote} TLT July 106/115 huh? I guess that might fly. Honestly I don't know what to expect - avalanches are hard to predict, just get on and ride or get the hell out the way.
not really chasing a waterfall... just kinda seeing where it starts and where the pool of water is underneath...

only things that really worked out recently are my MSFT and verizon short credit spreads.... guess with this major surge in yields and volatility i should of done some debit spreads and got some of this vega.... dead wrong in my volatility strategy... didnt figure summer time would lead to this big move.... tell the wall street fat cats to get out to their mansions in the hamptons already
  • #717
  • Jun 20, 2013 3:14pm Jun 20, 2013 3:14pm
Quoting Wulfgar
{quote} didnt figure summer time would lead to this big move.... tell the wall street fat cats to get out to their mansions in the hamptons already
Idk what to make of the China interbank buzz. If it weren't for the latter I would feel ok about trying to catch a rebound in the nearterm via SDS or VXX puts. FXI didn't sell off any worse than most, though.

Even so, I sold the put leg of my IAU straddle & made 50% on the whole thing. Also sold half of my USO puts for about 60% roi. let the rest ride risk free. And I am pretty flat, waiting for the smoke to clear a bit.

Brand new options month might make all the difference, just today put a cherry on top of June for me tho.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #718
  • Jun 20, 2013 6:51pm Jun 20, 2013 6:51pm
Quoting Cecil Gee
{quote} Still in this, I did buy for 7c and the $18 put closed for 26c, i'm hoping for a little more before I close out. ABX CLOSED at $18.01 ABX Jun 2013 18.000 put (ABX130622P00018000) -OPR 0.26 {image} 0.19(271.43%) 3:59PM EDT
ABX closed at $16.60, my option went as high as $1.56 before closing at $1.43 but closed earlier at $1.28 giving me a return of just over 18x my investment

ABX Jun 2013 18.000 put (ABX130622P00018000)
-OPR
1.43 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 1.17(450.00%) 3:55PM EDT
  • #719
  • Jun 20, 2013 6:59pm Jun 20, 2013 6:59pm
Been a good trading week so not going to spoil by taking anymore trades tomorrow
  • #720
  • Jun 20, 2013 7:02pm Jun 20, 2013 7:02pm
Quoting Cecil Gee
{quote} ok this looks to be on again, last week we had a shakeout and i was caught out too, The DOW looks finally like it wants to come down providing we can pass 14990 where the 50 day is sitting, this classic price action of 100+ points up one day and down the next day to me looks as though we're about to embark some form of a mini correction. With the FOMC on wednesday is could be the trigger, allign the VIX and VXX chart to this mix
They wiped it out
9 traders viewing now