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  • #1,081
  • Jul 15, 2013 7:23am Jul 15, 2013 7:23am
focusing on silver this week until Gold comes into its short/puts line. Silver had a chance to close above $20 but failed to do on Friday

so I'm looking to buy $18.50 put for 9c or under near the open

SLV Jul 2013 18.500 put (SLV130720P00018500)
-OPR
0.09 0.00(0.00%) Jul 12

SLV is trading pre market at $19.08

iShares Silver Trust (SLV)
-NYSEArca
19.21 Jul 12, 4:00PM EDT|Pre-Market : 19.08 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.13 (0.68%) 8:06AM EDT - Nasdaq Real Time Price
  • #1,082
  • Jul 15, 2013 1:50pm Jul 15, 2013 1:50pm
Quoting The Fool
{quote} I bought the Jul 26 XLF $20.50 calls for $0.10 when XLF @ $20.00, watching to buy the put leg of the straddle, may not if it rallies well. I am leaning long on the financials...
Sold these at my target of $0.22 this morning. Other options trades I have running are Oct $21 UNG calls, TLT Aug $110 calls, Jul $6 NUGT calls, SDS Jul $42.50 calls. The latter two appear doomed. I have been trying to sell the NUGT calls to recoup something, NUGT keeps falling. Bleeding a little under break even so far on the month. Screen time limited, might take a break....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,083
  • Jul 16, 2013 5:23am Jul 16, 2013 5:23am
Quoting Cecil Gee
focusing on silver this week until Gold comes into its short/puts line. Silver had a chance to close above $20 but failed to do on Friday so I'm looking to buy $18.50 put for 9c or under near the open SLV Jul 2013 18.500 put (SLV130720P00018500) -OPR 0.09 0.00(0.00%) Jul 12 SLV is trading pre market at $19.08 iShares Silver Trust (SLV) -NYSEArca 19.21 Jul 12, 4:00PM EDT|Pre-Market : 19.08 {image} 0.13 (0.68%) 8:06AM EDT - Nasdaq Real Time Price
i got in on the SLV $18.50 for 8c yesterday and is now worth 6c at yesterdays close, i don't trust the price action for the put so i'm taking the SLV $20 call in addition hopefully for 5c or under to make that trade into a strangle when markets open, it closed for 7c yesterday

SLV Jul 2013 20.000 call (SLV130720C00020000)
-OPR
0.07 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.01(12.50%) Jul 15
  • #1,084
  • Jul 16, 2013 6:56am Jul 16, 2013 6:56am
Quoting The Fool
{quote} I bought the Jul 26 XLF $20.50 calls for $0.10 when XLF @ $20.00, watching to buy the put leg of the straddle, may not if it rallies well. I am leaning long on the financials...
Goldman did well should increase XLF more today
  • #1,085
  • Jul 16, 2013 7:48am Jul 16, 2013 7:48am
Quoting Cecil Gee
focusing on silver this week until Gold comes into its short/puts line. Silver had a chance to close above $20 but failed to do on Friday so I'm looking to buy $18.50 put for 9c or under near the open SLV Jul 2013 18.500 put (SLV130720P00018500) -OPR 0.09 0.00(0.00%) Jul 12 SLV is trading pre market at $19.08 iShares Silver Trust (SLV) -NYSEArca 19.21 Jul 12, 4:00PM EDT|Pre-Market : 19.08 {image} 0.13 (0.68%) 8:06AM EDT - Nasdaq Real Time Price
You really dont like gold and silver do you, lol.

Gold and silver are highly positively correlated, if one is ready for a short, then so is the other, at least for majors highs and lows. Otherwise, you are just trading minor corrections .. .
  • #1,086
  • Jul 16, 2013 8:53am Jul 16, 2013 8:53am
Moved to break even on $20 strike SLW calls @ 0.56 , Ill leave the SAND calls open since they are september calls. If SLW goes down from here, it will not reach my target anyways .. Unfortunately i also have $21 calls, so i am in the negative ....
  • #1,087
  • Jul 16, 2013 9:23am Jul 16, 2013 9:23am
Quoting Cecil Gee
{quote} Goldman did well should increase XLF more today
jul 26 $20.50 calls still around $0.22, what I got out at, time decay more & more an issue, I hit a double on that one so I've no regrets.

Missed the boat on TSLA puts, though, but may try again f there's a retrace before earnings....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,088
  • Edited 11:39am Jul 16, 2013 9:44am | Edited 11:39am
I'm looking for sub 2.5 on the 10yr to put my TLT Aug $110 calls well itm.

USD getting beat down, who dares fade that move? Not me....not yet...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,089
  • Jul 16, 2013 11:38am Jul 16, 2013 11:38am
Quoting The Fool
{quote} Sold these at my target of $0.22 this morning. Other options trades I have running are Oct $21 UNG calls, TLT Aug $110 calls, Jul $6 NUGT calls, SDS Jul $42.50 calls. The latter two appear doomed. I have been trying to sell the NUGT calls to recoup something, NUGT keeps falling. Bleeding a little under break even so far on the month. Screen time limited, might take a break....
Bailed out of the NUGT calls @ $0.50 for a $0.20 loss. Avoiding NUGT and the miners stocks now. Prolly be in nothing new this week. Was just a hair away from entry on TSLA puts when it was $129 - has dropped to $115 today. I knew that had to come. Oh well, fml.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,090
  • Edited Jul 17, 2013 7:37am Jul 16, 2013 2:23pm | Edited Jul 17, 2013 7:37am
closed out all options, net very positive ,even though i think it will go higher by the 20th a nice healthy spike up! thank you market

edit: hey look , slw is spiking up just as i predicted. didnt i say it would be explosive
  • #1,091
  • Jul 17, 2013 8:49pm Jul 17, 2013 8:49pm
Quoting The Fool
{quote} Was just a hair away from entry on TSLA puts when it was $129 - has dropped to $115 today. I knew that had to come. Oh well, fml.
And TSLA back up >$121 a day later. If we get another green day tomorrow and stock goes back above $125 I will be looking to buy Aug or Sep puts, somewhere around $95 strike. The options are spendy but the potential reward is good.

I am looking for some longer term plays, as screen time is limited for me this time of year.

Japan elections this we may produce another round of yen weakness, looking at Sep FXY <$94 puts.

If we see a real taper announcement in Sep then we should see some S&P deflation, I will look to get in SPXS Oct $14 calls @ <$0.15. (Maybe also Dec SDS calls.) I had Aug $110 TLT calls that I closed today for about a 30% net, not feeling like a TLT short position has the best r:r, but it might do well in this same vein.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,092
  • Jul 18, 2013 6:45am Jul 18, 2013 6:45am
Oil is gonna drop, I look to play that a ways out though. USO Oct $34 puts @ $0.53 maybe, sell the near month $33 puts around $0.25-$0.30 if/as USO starts to slide.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-18_uso.png Size: 59 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,093
  • Jul 18, 2013 12:51pm Jul 18, 2013 12:51pm
UNG up today on the short injections. I have Oct $21 calls, I bought @ $0.65 when UNG was around $18.80, selling at $0.99 now. Natgas prolly as manipulated as any market, but there's at least some fundamental factors that still apply other than CB intervention - like if you see US summertime start early and run long and you watch the storage numbers fall you can expect the price of natgas to go up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-18_ung.png Size: 115 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,094
  • Jul 18, 2013 4:49pm Jul 18, 2013 4:49pm
Quoting The Fool
Oil is gonna drop, I look to play that a ways out though. USO Oct $34 puts @ $0.53 maybe, sell the near month $33 puts around $0.25-$0.30 if/as USO starts to slide. {image}
paid $0.55, already > a dime innahole. sssok, we'll see commods drop when the taper talk starts back up....

...and it will
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,095
  • Jul 18, 2013 8:40pm Jul 18, 2013 8:40pm
Trades for friday i'm considering, all miners

NUGT/ GDX i'm already in SLV since earlier this week, looking to buy NUGT $5.50 for 2-3c tomorrow on the open, todays closing price was 5c.

GDX, I WILL ONLY BUY THE $24.50 put IF GDX trades below 24.62. GDX closed today at $24.78.

My only worry is gold is not below 1250 yet so these miner trades are a little risky

NUGT Jul 2013 5.500 put (NUGT130720P00005500)
-OPR
0.05 0.00(0.00%) 3:52PM EDT
  • #1,096
  • Edited 9:32pm Jul 18, 2013 9:01pm | Edited 9:32pm
Quoting Cecil Gee
My only worry is gold is not below 1250 yet so these miner trades are a little risky
You got that right. But if your R:R is compelling, why not? I'd say puts are the way to go...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,097
  • Jul 18, 2013 9:05pm Jul 18, 2013 9:05pm
Quoting The Fool
{quote} You got that. But if your R:R is compelling, why not? I'd say puts are the way to go...
i'm only considering puts on nugt/gdx, so far NUGT has very good R;R for tomorrows exp. $5.50 put
  • #1,098
  • Jul 18, 2013 9:13pm Jul 18, 2013 9:13pm
Quoting Cecil Gee
{quote} i'm only considering puts on nugt/gdx, so far NUGT has very good R;R for tomorrows exp. $5.50 put
well, good luck CG. I'm away from the platform too much to try scalping weeklies these days, but that will change by Sept sometime.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,099
  • Jul 18, 2013 9:31pm Jul 18, 2013 9:31pm
Quoting Cecil Gee
{quote} i'm only considering puts on nugt/gdx, so far NUGT has very good R;R for tomorrows exp. $5.50 put
VXX w calls might pay. I see VXX was up nearly 1% AH. $17.50 calls will still be cheap, though, maybe too far to run. Someday the market will sell off some, maybe even in my lifetime...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,100
  • Jul 19, 2013 7:57am Jul 19, 2013 7:57am
Quoting Cecil Gee
Trades for friday i'm considering, all miners NUGT/ GDX i'm already in SLV since earlier this week, looking to buy NUGT $5.50 for 2-3c tomorrow on the open, todays closing price was 5c. GDX, I WILL ONLY BUY THE $24.50 put IF GDX trades below 24.62. GDX closed today at $24.78. My only worry is gold is not below 1250 yet so these miner trades are a little risky NUGT Jul 2013 5.500 put (NUGT130720P00005500) -OPR 0.05 0.00(0.00%) 3:52PM EDT
calls are also very cheap ....
if you dont mind sharing, how do you determine what price to buy at (if its below or above)?
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