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  • #1,441
  • Nov 6, 2013 12:51am Nov 6, 2013 12:51am
Quoting The Fool
{quote} welcome back to the grindstone, Cecil. Do you see any other weeklies you like? I've just been poring over the remaining earnings outs, I see Apache (APA) comes out at 0800 NY time on 11/7. Looks like it has popped $5-$10 on the last two. I might play a wide strangle on it. Nov 6 APA $85 put lt @ $0.18, $95 call lt @ $0.19, ~$0.40 net. A jump just to itm for either one by Thursday close would be worth ~$1.40 +/-.
I'm honing in on trading just one or two instruments in the new year on weeklies, GDX is one of them as there are 2-3 opportunities per week to more than triple your money such is the range on it. APPLE may be the other
  • #1,442
  • Nov 6, 2013 12:53am Nov 6, 2013 12:53am
Quoting Boy Wonder
{quote} Cheers CG, I'd forgotten about that; I might invest in a copy..throw my inner gambler a few bones. I might actually learn something as my money management is probably one of my weakest points.
trading options if just buying makes it easier, but if you do many spreads then money managing becomes a little harder
  • #1,443
  • Nov 6, 2013 12:55am Nov 6, 2013 12:55am
Quoting Cecil Gee
put in a order for SLB weekly puts. I want to buy the $91 put for 14c or lower, currently there trading for 16-18c. IV is low SLB was trading at 92.01$ a few moments ago, may wait until near the close of trading day. Any close under 91.90 will help Schlumberger Limited (SLB) -NYSE 92.01 {image} 1.50(1.60%) 15:26 - Nasdaq Real Time Price SLB Nov 2013 91.000 put (SLB131108P00091000) -OPR 0.18 {image} 0.17(48.57%) 4 Nov 20:46 a further push down in oil should may help
did not get triggered as SLB closed at 92.39 and the option closed at 18c, so still waiting
  • #1,444
  • Nov 6, 2013 8:05am Nov 6, 2013 8:05am
Shorted a GC Nov 25 1290P.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I will not add another if gold goes down.
I have no clue what I'm talking about.
  • #1,445
  • Nov 6, 2013 9:14am Nov 6, 2013 9:14am
Quoting Cecil Gee
{quote} did not get triggered as SLB closed at 92.39 and the option closed at 18c, so still waiting
removed SLB order as slb is trading higher at 93.31, i needed it to close beneath 91.90

Schlumberger Limited (SLB)
-NYSE
93.31 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.92(1.00%) 15:11 - Nasdaq Real Time Price
  • #1,446
  • Nov 6, 2013 10:11am Nov 6, 2013 10:11am
Dem bonds are probably going up IMO. Should be good for stocks, bad for $.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 268 KB
I have no clue what I'm talking about.
  • #1,447
  • Nov 6, 2013 10:43am Nov 6, 2013 10:43am
Quoting Boy Wonder
Shorted a GC Nov 25 1290P. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down. I will not add another if gold goes down.
Closed it based on unconvincing price action.
I have no clue what I'm talking about.
  • #1,448
  • Nov 6, 2013 11:06am Nov 6, 2013 11:06am
taken a earnings trade on BBBY which is due out on DEC 16, Bbby is due a breakout and while its IV is relatively low i've decided to buy as it gets closer to release the IV will increase making the options more expensive. I do have a bias to the downside on this too.

So i bought the DEC 21 $72.50 put for 90c

BBBY is trading around $75.51 currently

Bed Bath & Beyond Inc. (BBBY)
-NasdaqGS
75.51 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.86(2.40%) 5:04PM GMT - Nasdaq Real Time Price

BBBY Dec 2013 72.500 put (BBBY131221P00072500)
-
0.90 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.15(20.00%) 4 Nov 19:58
  • #1,449
  • Nov 6, 2013 11:26am Nov 6, 2013 11:26am
Quoting The Fool
{quote} TSLA dropping like a lead turd AH, I hope to net $2+ off my diag put spread before the week is out....Dec $120 puts riding free....
Don't trust TSLA to stay down, any kinda dips have been aggressively bought back in the past. I have been close to pulling the trigger on these this morning but keep thinking I may get a selloff near the close.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,450
  • Nov 6, 2013 11:35am Nov 6, 2013 11:35am
VXX has a 1;4 reverse split on Thursday night, its going to be a great instrument to trade again as the % range will exceed strike prices
  • #1,451
  • Nov 6, 2013 11:39am Nov 6, 2013 11:39am
Quoting Cecil Gee
VXX has a 1;4 reverse split on Thursday night, its going to be a great instrument to trade again as the % range will exceed strike prices
hey that's a great headsup and good news, too - thanks Cecil
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,452
  • Nov 6, 2013 11:39am Nov 6, 2013 11:39am
Quoting The Fool
{quote} Don't trust TSLA to stay down, any kinda dips have been aggressively bought back in the past. I have been close to pulling the trigger on these this morning but keep thinking I may get a selloff near the close.
they quoted a weaker forecast for the fourth quater
  • #1,453
  • Nov 6, 2013 11:42am Nov 6, 2013 11:42am
Quoting The Fool
{quote} hey that's a great headsup and good news, too - thanks Cecil
Friday may be a volatile day with VXX opening around $50 after this reverse split and with NFP and then benanke
  • #1,454
  • Nov 6, 2013 11:53am Nov 6, 2013 11:53am
Quoting The Fool
{quote} Don't trust TSLA to stay down, any kinda dips have been aggressively bought back in the past. I have been close to pulling the trigger on these this morning but keep thinking I may get a selloff near the close.
They bin buying NFLX since the massive bear bar following its own earnings. Thing is you have many options, close some, hedge some gains with buy stops on the underlying, buy an OTM call etc, etc. Having said that, the parallels with NFLX are weak. NFLX was run up massively and also after-hours on by many accounts good earnings. I have no idea about TSLA's results but the technicals were much weaker going into earnings and it got flattened AH so presumably the bull case is much weaker. Also presumably most of the option writers must have got short the underlying given presumably mostly it was puts being bought before earnings (an assumption on my part; could very well be wrong on that).
I have no clue what I'm talking about.
  • #1,455
  • Nov 6, 2013 12:11pm Nov 6, 2013 12:11pm
@BW: well, same old song and dance, bulls & bears battling at $150. People been going broke trying to short this darling all year, so I am naturally wary. I think TSLA is worth < 1/2 what it sells for now, but I been saying that for months. The stock market is no place for rationality.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,456
  • Nov 6, 2013 12:16pm Nov 6, 2013 12:16pm
Quoting The Fool
{quote} I've just been poring over the remaining earnings outs, I see Apache (APA) comes out at 0800 NY time on 11/7. Looks like it has popped $5-$10 on the last two. I might play a wide strangle on it. Nov 6 APA $85 put lt @ $0.18, $95 call lt @ $0.19, ~$0.40 net. A jump just to itm for either one by Thursday close would be worth ~$1.40 +/-.
in the light of day this does not appeal so much, especially after watching APA drop >$1.25 this morning - I was gonna lean on the put side and they've whittled that away some. I will papertrade it and kick myself if I was right.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,457
  • Nov 6, 2013 3:17pm Nov 6, 2013 3:17pm
Quoting The Fool
{quote} Don't trust TSLA to stay down, any kinda dips have been aggressively bought back in the past. I have been close to pulling the trigger on these this morning but keep thinking I may get a selloff near the close.
sold the put leg @ $2.60, netted $2.55 on the spread. If TSLA drops another $20 manana I will not be sad, moving on to the next shoot a fish in a barrel scenario, which is.......???
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,458
  • Nov 7, 2013 1:10am Nov 7, 2013 1:10am
Quoting The Fool
{quote} sold the put leg @ $2.60, netted $2.55 on the spread. If TSLA drops another $20 manana I will not be sad, moving on to the next shoot a fish in a barrel scenario, which is.......???
...???
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-06_twtr.png Size: 133 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,459
  • Nov 7, 2013 9:37am Nov 7, 2013 9:37am
Goldman sachs is at yearly lows with its implied volatility and historical volatility no so far behind, usually this transpires into a good move. Direction i don't know but with options priced cheap enough I'm taking a strangle position beyond the next earnings results dated for JAN 13 2014,

GS can move when it wants plus Benanke may just help tomorrow when he talks.

GS is at 163.49

The Goldman Sachs Group, Inc. (GS)
-NYSE
163.49 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.03(0.02%) 3:21PM GMT - Nasdaq Real Time Price

strangle i'm looking at is $185 call for 40c and the $135 put for around 40-45c. yesterdays closing prices below

GS Jan 2014 185.000 call (GS140118C00185000)
-OPR
0.38 0.00(0.00%) 15:05



GS Jan 2014 135.000 put (GS140118P00135000)
-OPR
0.46 0.00(0.00%) 15:05
  • #1,460
  • Nov 7, 2013 10:15am Nov 7, 2013 10:15am
Facebook on the verge of breaking down from the 50 day ma, weekly put option may be good after a bounce later
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