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Let's Trade Options

  • #1,601
  • Nov 18, 2013 1:49am Nov 18, 2013 1:49am
My to-do list for the week:

1) sell put leg of TSLA credit spread, look for 11/22 or 11/29 and min $0.15 credit.
2) sell SSO puts, another leg of a debit spread with Jan $82 long puts, look at 11/29, 12/06 or later, debit now $1.00 down from $1.44
3) this week's earnings: GMCR, consider a wide short strangle; HD (11/19); TGT (11/21); P (11/21); CRM (action b4 close Monday)
4) Close watch: MJN, UNG, USO, GDX, NUGT, DUST, GLD, PHM, TLT, TBT, SDS, SSO, FB, etc
5) Consider 60 - 90 day long calls maybe strangles on EWZ, FXI
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,602
  • Nov 18, 2013 7:05am Nov 18, 2013 7:05am
Quoting Cecil Gee;7095394[b
]Will be watching Tyson foods earnings tomorrow[/b] plus looking to make a play on Home Depot and Best buy for Tuesdays earnings, final decision to be made later tomorrow if the price is right. Gamma scalps I'm looking at Facebook, waiting to see how it reacts against the 50 day MA plus GLD/GDX just before FOMC minutes on Wednesday. We're getting closer to a major move on GOLD as the IV is dropping each week to a lower level, another few weeks should bring us to almost near a 52 week low that's what I'm hoping for
Tyson foods beat estimates by 1 cent and has moved higher in pre market by nearly 4%
  • #1,603
  • Nov 18, 2013 7:24am Nov 18, 2013 7:24am
watch TLT especially Wednesday FOMC minutes days, it is the most likely of the instruments that will multiply by potentially 10 x this week, for those who just don't want to do there work and try to get the direction right, the weekly strangle of buying the $106 call is 12c or under and the $103.50 is 18c.
Simple strategy and by the time the markets open in just over an hour they will be cheaper, hell if I can get the pai for under 25c net for the two, I'm buying.

TLT price is $104.73 Fridays close.

iShares 20+ Year Treasury Bond (TLT)
-NYSEArca
104.73 15 Nov 21:00|Pre-Market : 104.65 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.08 (0.08%) 12:34 - Nasdaq Real Time Price

calls...
TLT Nov 2013 106.000 call (TLT131122C00106000)
-OPR

0.12 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.04(25.00%) 15 Nov 20:58



puts

TLT Nov 2013 103.500 put (TLT131122P00103500)
-OPR

0.18 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.14(43.75%) 15 Nov 20:48
  • #1,604
  • Nov 18, 2013 7:43am Nov 18, 2013 7:43am
Wanted to bring ONVO to everyone's attention. Monster move last week, no signs of letting up just yet. I believe this stock could hit $20 by the end of the month.

Company 3D prints biological tissue such as bloodvessels and possibly replacement organs. Truly innovative stuff, lots of speculative buying.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,605
  • Nov 18, 2013 7:46am Nov 18, 2013 7:46am
GDX strangle of buying $25 call and buying the $23 put, the pair can be bought for under 23c just after or through the day then I'm a buyer of them too

GDX closed at $24.13 on Friday

Market Vectors Gold Miners ETF (GDX)
-NYSEArca
24.13 15 Nov 21:00|Pre-Market : 23.99 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.14 (0.58%) 13:38 - Nasdaq Real Time Price


GDX Nov 2013 25.000 call (GDX131122C00025000)
-OPR
0.16 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.14(46.67%) 15 Nov 20:59




GDX Nov 2013 23.000 put (GDX131122P00023000)
-OPR

0.09 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.01(12.50%) 15 Nov 20:54
  • #1,606
  • Nov 18, 2013 9:09am Nov 18, 2013 9:09am
Quoting zusch
Wanted to bring ONVO to everyone's attention.
Interesting, thanks! How long til I can print a Playmate of the Month?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,607
  • Nov 18, 2013 9:16am Nov 18, 2013 9:16am
Quoting The Fool
My to-do list for the week: 1) sell put leg of TSLA credit spread, look for 11/22 or 11/29 and min $0.15 credit.
TSLA dropping hard, ~ $130 now, down over $5 early. order up to sell 11/22 $115 puts @ $0.65 against owned $100 puts bought at $0.85...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,608
  • Nov 18, 2013 9:30am Nov 18, 2013 9:30am
Quoting Cecil Gee
Will be watching Tyson foods earnings tomorrow plus looking to make a play on Home Depot and Best buy for Tuesdays earnings, final decision to be made later tomorrow if the price is right. Gamma scalps I'm looking at Facebook, waiting to see how it reacts against the 50 day MA plus GLD/GDX just before FOMC minutes on Wednesday. We're getting closer to a major move on GOLD as the IV is dropping each week to a lower level, another few weeks should bring us to almost near a 52 week low that's what I'm hoping for
Facebook rejected from 50 day, too late to get the put options as they have already doubled in value, ready to pounce on the other trades, TLT/GDX, GETTING REALLY CHEAP NOW
  • #1,609
  • Nov 18, 2013 9:40am Nov 18, 2013 9:40am
just bought back my 1825s for 9.75 ($487.50 each)....sold them for $312.50 each, so it was a $175 loss per option
still have 1660s which are in great profits
still have both legs of the crude which are both in profits.
the 100 call I sold for $370 is trading $220
the 87.50 put is in a slight profit from $330 to $290
picking top of the SP a fools game IMO. I wish it backed off, but I have to manage risk properly for clients, and my own gut feeling doesn't matter when its not my money.
I am running just shy of 50% M/E ratio.....so I have plenty to adjust if need be, and I am still profitable overall this cycle. Still have many trading days left.
pricing out plays now in corn/gas/soybeans/gold
  • #1,610
  • Nov 18, 2013 9:43am Nov 18, 2013 9:43am
as I mentioned before, buying these back when they make you uncomfortable is part of the game. if you are consistent and picky with your entries, there will come a time in each cycle when you settle into a sweet spot and can typically collect the juice until expiration.
losses are part of it....they are necessary....I did not roll into further calls for 2 reasons:
1) who know where this is going right now
2) viable options for rolling are not as obvious on the call side as on the put side, this is clearly because of confusion due to it being at a previously unvisited area. it sucks, but I need to be patient, and that will pay off
  • #1,611
  • Nov 18, 2013 9:45am Nov 18, 2013 9:45am
also still have on those 105 crude jan calls that I sold for $410 and are worth $40 right now. I can buy them back at $10 at some point if need be if I need the little margin elsewhere
  • #1,612
  • Nov 18, 2013 9:48am Nov 18, 2013 9:48am
Quoting Cecil Gee
{quote} Facebook rejected from 50 day, too late to get the put options as they have already doubled in value, ready to pounce on the other trades, TLT/GDX, GETTING REALLY CHEAP NOW
ok, could not resist taking a trade on Facebook, not from where i wanted to get in on the downside so i've bought less contracts.

bought FB $44 PUTS FOR 7c

Facebook already trading 47.52


Facebook, Inc. (FB)
-NasdaqGS

47.52 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.49(3.05%) 15:38 - Nasdaq Real Time Price


FB Nov 2013 44.000 put (FB131122P00044000)
-OPR
0.07 0.00(0.00%)
  • #1,613
  • Nov 18, 2013 9:52am Nov 18, 2013 9:52am
Quoting pipple
as I mentioned before, buying these back when they make you uncomfortable is part of the game. if you are consistent and picky with your entries, there will come a time in each cycle when you settle into a sweet spot and can typically collect the juice until expiration. losses are part of it....they are necessary....I did not roll into further calls for 2 reasons: 1) who know where this is going right now 2) viable options for rolling are not as obvious on the call side as on the put side, this is clearly because of confusion due to it being at...
biggest hurdle for all of us when option trading, still good job collecting profits
  • #1,614
  • Nov 18, 2013 10:18am Nov 18, 2013 10:18am
Quoting Cecil Gee
watch TLT especially Wednesday FOMC minutes days, it is the most likely of the instruments that will multiply by potentially 10 x this week, for those who just don't want to do there work and try to get the direction right, the weekly strangle of buying the $106 call is 12c or under and the $103.50 is 18c. Simple strategy and by the time the markets open in just over an hour they will be cheaper, hell if I can get the pai for under 25c net for the two, I'm buying. TLT price is $104.73 Fridays close. iShares 20+ Year Treasury Bond (TLT) -NYSEArca...
I've bought the $104 puts in TLT for 15c in addition to the $106 calls for 12c, scrapped the $103.50 as $104 was more attractive than 103.50 plus cheaper, so i'm in a strangle in TLT too now

TLT Nov 2013 104.000 put (TLT131122P00104000)
-OPR
0.15 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.12(44.44%) 15:51
  • #1,615
  • Nov 18, 2013 11:35am Nov 18, 2013 11:35am
Quoting The Fool
{quote} TSLA dropping hard, ~ $130 now, down over $5 early. order up to sell 11/22 $115 puts @ $0.65 against owned $100 puts bought at $0.85...
fml I shoulda waited; $115 11/22 puts @ >$1.00 now. My strangle coulda been a straddle. I thought TSLA would drop but I didn't think it would drop like a rock...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,616
  • Nov 18, 2013 11:51am Nov 18, 2013 11:51am
Quoting pipple
as I mentioned before, buying these back when they make you uncomfortable is part of the game.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,617
  • Nov 18, 2013 12:25pm Nov 18, 2013 12:25pm
Got my eye on LNKD for weekly puts
  • #1,618
  • Nov 18, 2013 1:09pm Nov 18, 2013 1:09pm
Quoting Cecil Gee
{quote} ok, could not resist taking a trade on Facebook, not from where i wanted to get in on the downside so i've bought less contracts. bought FB $44 PUTS FOR 7c Facebook already trading 47.52 Facebook, Inc. (FB) -NasdaqGS 47.52 {image} 1.49(3.05%) 15:38 - Nasdaq Real Time Price FB Nov 2013 44.000 put (FB131122P00044000) -OPR 0.07 0.00(0.00%)
so far the FB $44 put has doubled in price, now trading at 14c+, I paid 7c

FB Nov 2013 44.000 put (FB131122P00044000)
-OPR
0.14 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.07(100.00%) 18:39
  • #1,619
  • Nov 18, 2013 1:19pm Nov 18, 2013 1:19pm
Quoting Cecil Gee
Got my eye on LNKD for weekly puts
TWTR options are up, well represented in the puts...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,620
  • Nov 18, 2013 1:21pm Nov 18, 2013 1:21pm
Quoting The Fool
{quote} fml I shoulda waited; $115 11/22 puts @ >$1.00 now. My strangle coulda been a straddle. I thought TSLA would drop but I didn't think it would drop like a rock...
..trying not to panic, will be sht sammich to buy those back for a loss. I almost never trade near the open, did today and paid for it.
"If The Fool persists in his Folly he will become wise." - William Blake
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