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  • #1,461
  • Nov 7, 2013 11:14am Nov 7, 2013 11:14am
Anybody know how long it takes after an IPO for options to go on sale? - re: TWTR....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,462
  • Nov 7, 2013 11:23am Nov 7, 2013 11:23am
Quoting The Fool
Anybody know how long it takes after an IPO for options to go on sale? - re: TWTR....
Can't you ask your broker?
I have no clue what I'm talking about.
  • #1,463
  • Nov 7, 2013 2:38pm Nov 7, 2013 2:38pm
Quoting Cecil Gee
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.
hemmed in $150 - $170, I'd bet a little more on the put side myself but you could do ok on that strangle I reckon.

I'm looking for a gamble and maybe SAN will do: Jan '15 $12 calls are just $0.35 and it's heading back to $20
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,464
  • Nov 8, 2013 2:11am Nov 8, 2013 2:11am
still scanning thru potential earnings scalps. Next week I see DANG has earnings out 11/14, it has had good volume and moves at earnings last two qtrs. I'd post a chart but I'm on a borrowed laptop, no Jing.... I might buy a cheap Nov or Dec DANG strangle, it's an $8 stock...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,465
  • Nov 8, 2013 2:27am Nov 8, 2013 2:27am
Quoting The Fool
still scanning thru potential earnings scalps. Next week I see DANG has earnings out 11/14, it has had good volume and moves at earnings last two qtrs. I'd post a chart but I'm on a borrowed laptop, no Jing.... I might buy a cheap Nov or Dec DANG strangle, it's an $8 stock...
seems to be a lot of great put trades about to happen, AAPL LVS GOOG PCLN FB, personally i'm looking to take aapl plus TLT long term strangle maybe 3 /4 months out 5 strikes prices out from current levels for around 30-35c'

The way the charts look for most of the major corporations we could see the start of a correction of some sort today
  • #1,466
  • Nov 8, 2013 2:37am Nov 8, 2013 2:37am
Quoting The Fool
Anybody know how long it takes after an IPO for options to go on sale? - re: TWTR....
it won't be too long, i remember facebook were bought out about 6 weeks or so after there IPO
  • #1,467
  • Nov 8, 2013 2:47am Nov 8, 2013 2:47am
next week also perhaps WMT, BBY (11/19), HD looks good (11/19), GMCR is interesting (11/20), P = Nov 16/Dec diag put spread? (11/21), TGT (11/21), ....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,468
  • Nov 8, 2013 2:59am Nov 8, 2013 2:59am
Quoting Cecil Gee
{quote} The way the charts look for most of the major corporations we could see the start of a correction of some sort today
you may be right and I'm a little antsy because I have a chunky SSO put spread with the short puts out on 11/16, $86, need those to pay, and I was thinking a little later, too, so I'm not as well positioned for a selloff as I want to be, but anyways I think it will blow over for another few weeks. If the taper buzz get going again with a stellar NFP today then the slide may get going, and run that into another DC pissing match over the budget and debt ceiling, etc, could be a blue Christmas.

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,469
  • Nov 8, 2013 3:11am Nov 8, 2013 3:11am
Quoting The Fool
{quote} you may be right and I'm a little antsy because I have a chunky SSO put spread with the short puts out on 11/16, $86, need those to pay, and I was thinking a little later, too, so I'm not as well positioned for a selloff as I want to be, but anyways I think it will blow over for another few weeks. If the taper buzz get going again with a stellar NFP today then the slide may get going, and run that into another DC pissing match over the budget and debt ceiling, etc, could be a blue Christmas. http://www.youtube.com/watch?v=5I2f1UJjiAA...
the more i look the better the TLT strangle looks say FEB 2014 $111 call for around 45c and FEB 2014 $99 put for around 80c total outlay of around $1.20-30c

TLT closed at $105.96 yesterday

iShares 20+ Year Treasury Bond ETF (TLT)
-NYSEArca
105.96 7 Nov 21:00
  • #1,470
  • Nov 8, 2013 3:26am Nov 8, 2013 3:26am
Quoting Cecil Gee
{quote} the more i look the better the TLT strangle looks say FEB 2014 $111 call for around 45c and FEB 2014 $99 put for around 80c total outlay of around $1.20-30c TLT closed at $105.96 yesterday iShares 20+ Year Treasury Bond ETF (TLT) -NYSEArca 105.96 7 Nov 21:00
if they jitter up the bond market with taper talk then it will be easy to make money on TLT imo. but if we hit a ruff spell and the Fed throws the "data dependent" wrench in the works then we will see 10y note rates back < 2.4 and TLT back > $110.

So I like your strangle idea, I have been thinking along same lines but too many irons in the fire atm...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,471
  • Nov 8, 2013 3:36am Nov 8, 2013 3:36am
anyway, no new trades till Tuesday, Monday is Veteran's Day, hotdang a 3-day weekend, i'll check in around NFP tho, gotta catch some z's
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,472
  • Nov 8, 2013 8:34am Nov 8, 2013 8:34am
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
VXX new price

iPath S&P 500 VIX ST Futures ETN (VXX)
-NYSEArca
49.78 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.02(2.01%) 14:32 - Nasdaq Real Time Price
  • #1,473
  • Edited 3:04pm Nov 8, 2013 2:13pm | Edited 3:04pm
Quoting The Fool
next week also perhaps WMT, BBY (11/19), HD looks good (11/19), GMCR is interesting (11/20), P = Nov 16/Dec diag put spread? (11/21), TGT (11/21), ....
HD down today, tempted to buy call leg of a cheap strangle for 11/19 earnings. I think HD will pop towards $80 on earnings, I see 11/22 $80 call @ $0.17 now....

..tried to get filled at $0.15, didn't go...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,474
  • Nov 9, 2013 4:48am Nov 9, 2013 4:48am
ahh I just try my price action for option trade!! mostely on eur/usd for only 2H. the result is so different form my Forex trading
Attached Image (click to enlarge)
Click to Enlarge Name: option.GIF Size: 148 KB
don't predict direction, but dance with flow of water
  • #1,475
  • Nov 9, 2013 9:21am Nov 9, 2013 9:21am
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 considering a play on APA 3 months out, its on a 52 week low on implied volatility plus imminent breakout is due, just considering on direction. Will update on this soon
  • #1,476
  • Nov 9, 2013 9:23am Nov 9, 2013 9:23am
Quoting priceaction1
ahh I just try my price action for option trade!! mostely on eur/usd for only 2H. the result is so different form my Forex trading {image}
there binary options your looking out, personally i stay away from them
  • #1,477
  • Nov 9, 2013 10:50am Nov 9, 2013 10:50am
Quoting Cecil Gee
{quote} I'm considering a play on APA 3 months out, its on a 52 week low on implied volatility plus imminent breakout is due, just considering on direction. Will update on this soon
on the 1y chart you see those bo's move well when they come, I would look for a $5 southbound drop. I thought we could see it at earnings but no.

Had my eye on UNG last months, looking to buy a deep dip, missed the boat last week when it dropped <$17. We should see UNG back >$20 in the Spring.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,478
  • Nov 9, 2013 11:03am Nov 9, 2013 11:03am
Quoting The Fool
{quote} on the 1y chart you see those bo's move well when they come, I would look for a $5 southbound drop. I thought we could see it at earnings but no. Had my eye on UNG last months, looking to buy a deep dip, missed the boat last week when it dropped <$17. We should see UNG back >$20 in the Spring.
i'm looking at the weekly chart on apa there seems to be room up to 94$ but its tough going , agree with you on a better trade if it goes south
  • #1,479
  • Nov 9, 2013 11:11am Nov 9, 2013 11:11am
Quoting The Fool
{quote} HD down today, tempted to buy call leg of a cheap strangle for 11/19 earnings. I think HD will pop towards $80 on earnings, I see 11/22 $80 call @ $0.17 now.... ..tried to get filled at $0.15, didn't go...
...not too sure about this, will look to do it Tue if I can get in cheap
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-09hd.png Size: 55 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,480
  • Nov 9, 2013 11:51am Nov 9, 2013 11:51am
Quoting Cecil Gee
{quote} seems to be a lot of great put trades about to happen, AAPL LVS GOOG PCLN FB,
true dat, there are bubblicious stocks all around, and I am keeping powder dry to catch a breakdown. Some of these pigs are gonna break so hard even a modest stake will pay out huge. When, though?....timing is everything...
"If The Fool persists in his Folly he will become wise." - William Blake
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