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Let's Trade Options

  • #921
  • Edited 11:21am Jul 1, 2013 9:49am | Edited 11:21am
Quoting The Fool
Friday saw a dip in UNG to $18.69. That may have been the seasonal low. Well, I am a gambler so I will take a shot - looking at a debit bull spread. Sell UNG Oct $16 put @ $0.38, buy Oct $21 call @ $0.70. Might sell the Sept $17 put for $0.44 instead...could buy the Oct $22 call for $0.45 then...these numbers will likely all move against me on Monday morning, we'll see... {image}
...want to get in this spread, watching UNG, looks a little weak, might dip some more

... got in Oct UNG $21 call for $0.65 with UNG @ $18.82, will get the put sell done later
"If The Fool persists in his Folly he will become wise." - William Blake
  • #922
  • Jul 1, 2013 6:49pm Jul 1, 2013 6:49pm
Quoting Cecil Gee
{quote} on the other hand i may take NFLX $190 PUT for 15c or lower if price is below $207 or may not even get a chance if china print a manufacturing number below 50 today, then the market may tank in pre market tomorrow Anyway Netflix closed at 211 ish on friday and the option $190 put closed for 20c NFLX Jul 2013 190.000 put (NFLX130705P00190000) -OPR 0.20 {image} 0.05(20.00%) Jun 28
cancelled that idea as it finished higher
  • #923
  • Jul 1, 2013 6:55pm Jul 1, 2013 6:55pm
If tomorrow GLD closes lower than today close of $21.13 then i'm shorting GDX AS GOLD WILL START heading south again, a higher finish then the reverse is true and will look for options on the bull side.

Goldman sachs looks a little vunerable, they finished at $151.75 today
  • #924
  • Jul 1, 2013 6:59pm Jul 1, 2013 6:59pm
What a find this thread is. I will be following closely.
  • #925
  • Jul 1, 2013 7:06pm Jul 1, 2013 7:06pm
Quoting GreyWhale
What a find this thread is. I will be following closely.
welcome
  • #926
  • Jul 1, 2013 7:08pm Jul 1, 2013 7:08pm
start watching banks, JPM is the first of the big banks to release there earnings next friday.

T.F. some traders already made there move
  • #927
  • Jul 1, 2013 7:25pm Jul 1, 2013 7:25pm
watching TLT closely this week with all this data coming out, a close below $110 then down she goes above $110.78 then call options, i'm only looking to take advantage of gamma so an explosive move is on
  • #928
  • Jul 1, 2013 8:02pm Jul 1, 2013 8:02pm
I had open Vertical spread Calls in RUT (990/1000) for credit with this week expiration
Today I dont feel confortable but, I keep open, but maybe tomorow close or turn in Butterfly (980/990/1000)
Volatility is good.
Time decay is good. I have 11o theta in the short option.
But if the up continues the 1000 (long side) is my max loses.
  • #929
  • Jul 1, 2013 8:06pm Jul 1, 2013 8:06pm
Quoting Cecil Gee
If tomorrow GLD closes lower than today close of $21.13 then i'm shorting GDX AS GOLD WILL START heading south again, a higher finish then the reverse is true and will look for options on the bull side.
GLD straddle couple months out? I am leaning short on gold & watching the bounce. Had a $1.10 profit target on my $6 Jul NUGT calls today but couldn't get there. Gold flat in Asia so far...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #930
  • Jul 1, 2013 8:08pm Jul 1, 2013 8:08pm
USO is hitting on that resistance again $35, it closed at 34.67 went as high as 34.80
  • #931
  • Jul 1, 2013 8:10pm Jul 1, 2013 8:10pm
Quoting The Fool
{quote} GLD straddle couple months out? I am leaning short on gold & watching the bounce. Had a $1.10 profit target on my $6 Jul NUGT calls today but couldn't get there. Gold flat in Asia so far...
watch those GLD prices tomorrow
  • #932
  • Jul 1, 2013 9:31pm Jul 1, 2013 9:31pm
Quoting Cecil Gee
USO is hitting on that resistance again $35, it closed at 34.67 went as high as 34.80
We could be in for a flush of USD strength, especially if the ECB makes dovish sounds on 7/4. USD strength could weigh down oil. Oil actually pretty rangebound for many months, USO bouncing between $30 - $40, m/l. Looking out a few months, if you're bearish you could buy the Sep $32 put for $0.54 and sell the Oct $29 put for $0.27....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-01_uso.png Size: 54 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #933
  • Edited 1:46am Jul 2, 2013 12:36am | Edited 1:46am
Quoting Cecil Gee
{quote} watch those GLD prices tomorrow
Commodities all green in late Asia. Oil up $1.50+. Gold hanging in, up a few bucks...wait and see for commodity options plays.

FCX up 3.5% premarket, looking for more upside in miner stocks in NY.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #934
  • Jul 2, 2013 4:07am Jul 2, 2013 4:07am
Quoting The Fool
{quote} Commodities all green in late Asia. Oil up $1.50+. Gold hanging in, up a few bucks...wait and see for commodity options plays. FCX up 3.5% premarket, looking for more upside in miner stocks in NY.
need XME to confirm this, waiting for todays price action
  • #935
  • Jul 2, 2013 6:51am Jul 2, 2013 6:51am
Quoting Cecil Gee
If tomorrow GLD closes lower than today close of $21.13 then i'm shorting GDX AS GOLD WILL START heading south again, a higher finish then the reverse is true and will look for options on the bull side. Goldman sachs looks a little vunerable, they finished at $151.75 today
will be watching closely on this as we will have very little time due to holiday and thin markets on thursday, may make a trade one way or the other closer to the close of today, should be able to get them for pennies.

Also watching TLT

if down then the GDX 24$ put, if north then the $25.50 call, all depends where price is 15 minutes before close today

GDX close yesterday $24.89

Market Vectors Gold Miners ETF (GDX)
-NYSEArca
24.89 Jul 1, 4:00PM EDT
  • #936
  • Jul 2, 2013 8:58am Jul 2, 2013 8:58am
Waiting for slw to go up to 24 by july 20th to short. Temporary flunctuations OK ...
  • #937
  • Jul 2, 2013 1:53pm Jul 2, 2013 1:53pm
new trade, Jul 20 SDS $42 long call, got in @ $0.55, entered when I saw the S&P begin sliding, calls already up $0.10.

UNG far out calls also up well, up $0.15.

NUGT crashed on me though, will hang in for next week to see if the miners can catch another bounce.

Stocks down, bonds up, makes sense...for how long?

oil up hard on mideast troubles, will pass...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #938
  • Jul 2, 2013 6:56pm Jul 2, 2013 6:56pm
Quoting Cecil Gee
{quote} will be watching closely on this as we will have very little time due to holiday and thin markets on thursday, may make a trade one way or the other closer to the close of today, should be able to get them for pennies. Also watching TLT if down then the GDX 24$ put, if north then the $25.50 call, all depends where price is 15 minutes before close today GDX close yesterday $24.89 Market Vectors Gold Miners ETF (GDX) -NYSEArca 24.89 Jul 1, 4:00PM EDT
did not get a chance to get in as GDX $24 put as it opened for 20c, GDX opened today at 24.79 and closed at 23.75 increasing the $24 put quite a bit from yesterdays 14c close to a high of 71c closing today at 50c, as I couldn't get in I took the $22.50 put on GDX FOR 6C and it closed for 8c, i'm maintaing that position. I see further downside for GOLD

GDX Jul 2013 22.500 put (GDX130705P00022500)
-OPR
0.08 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.06(300.00%) 3:52PM EDT
  • #939
  • Jul 2, 2013 6:57pm Jul 2, 2013 6:57pm
STILL watching TLT below $110 its puts, higher tham 110.78 its calls
  • #940
  • Jul 2, 2013 7:07pm Jul 2, 2013 7:07pm
Quoting Cecil Gee
If tomorrow GLD closes lower than today close of $21.13 then i'm shorting GDX AS GOLD WILL START heading south again, a higher finish then the reverse is true and will look for options on the bull side. Goldman sachs looks a little vunerable, they finished at $151.75 today
Goldman finished lower today at $150.92, if the opportunity presents itself tomorrow i would like to purchase the $145 put for 7c or lower for fridays expiration.
The option closed for 14c today

GS Jul 2013 145.000 put (GS130705P00145000)
-OPR
0.14 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.03(17.65%) 3:59PM EDT

The Goldman Sachs Group, Inc. (GS)
-NYSE
150.92 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.83(0.55%) 4:01PM EDT|After Hours : 151.04 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.12 (0.08%) 7:39PM EDT - Nasdaq Real Time Price
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