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Let's Trade Options

  • #841
  • Jun 26, 2013 6:19am Jun 26, 2013 6:19am
ANOTHER TRADE i'm taking today is $17 put on SLV silver for JULY expiration, closed at 20c yesterday. i'll buy for 18c or under if i can
SLV closed at $18.91 yesterday

SLV Jul 2013 17.000 put (SLV130720P00017000)
-OPR
0.20 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.01(4.76%) Jun 25
  • #842
  • Jun 26, 2013 6:26am Jun 26, 2013 6:26am
Quoting Cecil Gee
I'm cconsidering 3 trades today all puts, google / lvs/ c. may have to wait until near close of trading day
Everythings trading up Citigroup is at $47.35 pre market, i'll see how high it goes. I need in under $47 sometime today or tomorrow to take either the $46 or 46.50 put for pennies
  • #843
  • Jun 26, 2013 6:33am Jun 26, 2013 6:33am
Quoting Cecil Gee
{quote} If i can get TLT $107 put for around 12c or under then i'll buy, may have to wait until tomorrow. TLT is trading higher in pre market 108.44.. I would like it to trade under yesterday close of 107.88 later today to make that purchase if option price is met. The option closed for 40c so i need some time decay to take place today iShares Barclays 20+ Year Treas Bond (TLT) -NYSEArca 107.88Jun 25, 4:00PM EDT|Pre-Market : 108.44{image} 0.56 (0.52%) 4:50AM EDT - Nasdaq Real Time Price
may just go for $106 put if the price is right 7c or under near the open
  • #844
  • Jun 26, 2013 6:37am Jun 26, 2013 6:37am
Quoting Cecil Gee
I'm cconsidering 3 trades today all puts, google / lvs/ c. may have to wait until near close of trading day
not considering lvs at least for his week, has to be below $50 to trade options on it, its trading above
  • #845
  • Jun 26, 2013 7:14am Jun 26, 2013 7:14am
g' mornin CG. I am pretty flat so far this week, just in the SDS $41 w puts and Jul $6 NUGT calls I took earlier in the week. S&P looking to bounce so I will prolly close all or part of SDS puts for healthy profit today, if NUGT can claw back from a hole in early July might be something to salvage...doubtful. However, if I can hit a double on SDS puts that would be respectable enough for the entire week.

gold, I should just stay away...but for someone with the mental horsepower to grasp "trend is your friend" well it has been paying well. How low can it go? Was trading <$1,000 as recently as 3.5 years ago...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #846
  • Jun 26, 2013 7:21am Jun 26, 2013 7:21am
Quoting The Fool
g' mornin CG. I am pretty flat so far this week, just in te SDS $41 w puts and Jul $6 NUGT calls I took earlier in the week. S&P looking to bounce so I will prolly close all or part of SDS puts for healthy profit today, if NUGT can claw back from a hole in early July might be something to salvage...doubtful. However,if I can hit a double on SDS puts that would be respectable enough for the entire week. gold, I should just stay away...but for someone with the mental horsepower to grasp "trend is your friend" well...
Good work on that double, as for how low well i'm thinking $707 what I quote a while back, but we will bounce soon if not after today nothing goes straight down so your NUGT may still pay off.

Google is trading higher at $871 and probably go higher but if it closes under $869 then i'll buy a put $860

Google Inc. (GOOG)
-NasdaqGS
866.20 Jun 25, 4:00PM EDT|Pre-Market : 871.77 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 5.57 (0.64%) 8:08AM EDT - Nasdaq Real Time Price
  • #847
  • Jun 26, 2013 7:30am Jun 26, 2013 7:30am
Quoting Cecil Gee
{quote} Good work on that double, as for how low well i'm thinking $707 what I quote a while back, but we will bounce soon if not after today nothing goes straight down so your NUGT may still pay off.
I am casting around in the other metals that have been dragged down by the pm moves. Aluminum and copper.

AA is sitting right under the $8.00 strike, a weekly call might pay there...looking for a copper play ... FCX maybe?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #848
  • Jun 26, 2013 7:34am Jun 26, 2013 7:34am
Quoting The Fool
{quote} I am casting around in the other metals that have been dragged down by the pm moves. Aluminum and copper. AA is sitting right under the $8.00 strike, a weekly call might pay there...looking for a copper play ... FCX maybe?
FCX is a great stock to play, its always on my list
  • #849
  • Jun 26, 2013 7:38am Jun 26, 2013 7:38am
That GDP number 1.8% v 2.4% est,
  • #850
  • Jun 26, 2013 7:52am Jun 26, 2013 7:52am
Quoting Cecil Gee
That GDP number 1.8% v 2.4% est,
final gdp number doesn't have the impact of the prelim number.

Big selloffs in pm's will drag down ALL miners, but the non-pm miners may stand a better chance of bouncing back from those moves. Take POT, for instance - had a good bounce after the April gold selloff. Trades weeklies, sitting just under the 38.50 strike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-06-26_potgold.png Size: 64 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #851
  • Jun 26, 2013 8:21am Jun 26, 2013 8:21am
Quoting The Fool
{quote} gold is breaking though, $1,260 I see in asian trade, I would sell DUST otm puts if I had the free equity, it will prolly see $150 tomorrow
DUST at $154 pre-market, Jul 20 $100 puts, $50 otm, sell for >$5
"If The Fool persists in his Folly he will become wise." - William Blake
  • #852
  • Edited 9:17am Jun 26, 2013 8:59am | Edited 9:17am
Quoting The Fool
{quote} I am casting around in the other metals that have been dragged down by the pm moves. Aluminum and copper. AA is sitting right under the $8.00 strike, a weekly call might pay there...looking for a copper play ... FCX maybe?
with AA at $7.93 I bought Jun 28 $8.00 puts for $0.04, hope to see it make it to the strike by tomorrow

sold my SDS puts, they went from $0.19 to $0.42

also bought XLF w $19.5 calls for $0.06, with XLF at $19.30 - go POMO!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #853
  • Edited 5:04pm Jun 26, 2013 2:56pm | Edited 5:04pm
Quoting The Fool
{quote} with AA at $7.93 I bought Jun 28 $8.00 puts for $0.04, hope to see it make it to the strike by tomorrow sold my SDS puts, they went from $0.19 to $0.42 also bought XLF w $19.5 calls for $0.06, with XLF at $19.30 - go POMO!
well neither of the w scalps above has worked out that great. AA turned a minute after I bought the calls and dropped 2% on the day. XLF has treaded water, up just $0.04 from where I bought the calls. I need to see it move to the $19.50 strike tomorrow. Good prospects, Thursday the heaviest POMO day of the week, just need to get past the jobs/housing data to see another green day in US stocks. XLF trade is 2x the size of AA, and they're both < "day's pay" risk, that's right, I'm a high roller.

Closed weekly SDS puts too soon, they are at $0.53 near the close. Oh well, "nobody ever went broke taking profits." - the poor trader's favorite saying...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #854
  • Jun 26, 2013 8:33pm Jun 26, 2013 8:33pm
Im looking tomorow some possible setup (maybe stranddle) in NKE before report Friday.
Today I saw, but its too expensive.
  • #855
  • Jun 26, 2013 8:58pm Jun 26, 2013 8:58pm
Quoting successlife
Im looking tomorow some possible setup (maybe stranddle) in NKE before report Friday. Today I saw, but its too expensive.
Did you get in your RUT spread? I see the annual rebalancing is due now, not sure if that means anything for the way it behaves?

http://www.cnbc.com/id/31384597/
"If The Fool persists in his Folly he will become wise." - William Blake
  • #856
  • Jun 26, 2013 9:12pm Jun 26, 2013 9:12pm
Quoting successlife
Im looking tomorow some possible setup (maybe stranddle) in NKE before report Friday. Today I saw, but its too expensive.
IV is always high when earnnings are released, best trade the reaction or a competitor
  • #857
  • Jun 26, 2013 9:17pm Jun 26, 2013 9:17pm
still no trades on options this weel, watching carefully on GOOG/TLT/C. I'm looking for weakness may have to wait until friday
  • #858
  • Jun 26, 2013 9:22pm Jun 26, 2013 9:22pm
Quoting Cecil Gee
ANOTHER TRADE i'm taking today is $17 put on SLV silver for JULY expiration, closed at 20c yesterday. i'll buy for 18c or under if i can SLV closed at $18.91 yesterday SLV Jul 2013 17.000 put (SLV130720P00017000) -OPR 0.20 {image} 0.01(4.76%) Jun 25
couldn't get in as it opened at 29c and closed for 41c
  • #859
  • Jun 26, 2013 9:25pm Jun 26, 2013 9:25pm
If i can get GDX $23.50 call for 9c or under tomorrow then i'll buy. GDX is over extended, some kind of retrace is due

GDX Jun 2013 23.500 call (GDX130628C00023500)
-OPR
0.09http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.50(84.75%) 3:57PM EDT
  • #860
  • Jun 26, 2013 9:29pm Jun 26, 2013 9:29pm
Quoting Cecil Gee
still no trades on options this weel, watching carefully on GOOG/TLT/C. I'm looking for weakness may have to wait until friday
Asian indices all green, good to see that. Heavy POMO day tomorrow with big news, could be wild. I just want to get out of my scalps w/o too much damage. XLF calls has potential. Watching to see if the 10yr rate slides, may need to bail on my TLT puts. Otherwise, just watching. Been a wild couple a weeks...
"If The Fool persists in his Folly he will become wise." - William Blake
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