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Let's Trade Options

  • #1,681
  • Nov 20, 2013 9:35am Nov 20, 2013 9:35am
Quoting Cecil Gee
Got my eye on LNKD for weekly puts
Think I've missed the boat on LNKD as its continuing to fall however may buy another weekly put on Facebook, $46 put just after FOMC. Facebook is trading just over $46.85

Facebook, Inc. (FB)
-NasdaqGS
46.87 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.51(1.09%) 15:35 - Nasdaq Real Time Price
  • #1,682
  • Nov 20, 2013 9:39am Nov 20, 2013 9:39am
Quoting pipple
{quote} trader's dynamic index. it is definitely on here for free I saw it some time ago
just seen it, will take a look over the weekend, thx
  • #1,683
  • Nov 20, 2013 9:44am Nov 20, 2013 9:44am
Quoting Cecil Gee
{quote} most of the time they do but notice how Golds has fallen a bit today but GDX hasn't moved, this makes me apprehensive a little. Normally GDX would drop by a whole $ now. This maybe because GDX is near its 52 week low so its daily range may have decreased with it
Gold has regained some of its earlier losses but still down a bit. GDX gas moved a little higher
  • #1,684
  • Nov 20, 2013 10:03am Nov 20, 2013 10:03am
I just sold more crude calls. Jan 99s for $260 each.
Did about 1 call for roughly every $10-12k or so I have in each account.....so for every 100k or so I wrote 8-10
lets see........
  • #1,685
  • Nov 20, 2013 10:08am Nov 20, 2013 10:08am
Quoting pipple
I just sold more crude calls. Jan 99s for $260 each. Did about 1 call for roughly every $10-12k or so I have in each account.....so for every 100k or so I wrote 8-10 lets see........
should be good as long as crude is wedged between those numbers on the weekly chart I gave yesterday,, good luck anyway
  • #1,686
  • Nov 20, 2013 10:23am Nov 20, 2013 10:23am
still sour about missing entry this morn by 2cents. didn't wanna miss twice, don't trust her tho.
my puts are higher vol....but overall IV on crude is so low that it is hard to find work
  • #1,687
  • Nov 20, 2013 12:11pm Nov 20, 2013 12:11pm
Quoting Cecil Gee
Now because we have FOMC minutes later if we're in profit by over 200% I'm closing my put side and buying another call
Watching TLT now, have a $0.40 sell order on the $103.5 put leg, just a couple cents away. Would like to bag good profit on this b4 FOMC. Stroke of luck would be dovish comments to turn TLT back up and I make something on the call. Worse case it turns up and sits in the middle of my strikes until expiry. So, bird in hand....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,688
  • Nov 20, 2013 12:20pm Nov 20, 2013 12:20pm
Quoting Cecil Gee
{quote} 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 {image} 0.12(44.44%) 15:51
I am in profit on the put side on TLT, WILL WAIT to see how far it will go down, the weekly chart looks bearish but the 200 day ma is right here around 102.78 area, decisions decisions

TLT put is at 49c or 49$ per contract, i paid 15c or 15$ per contract

iShares 20+ Year Treasury Bond (TLT)
-NYSEArca
103.58 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.98(0.94%) 6:17PM GMT - Nasdaq Real Time Price
  • #1,689
  • Nov 20, 2013 12:31pm Nov 20, 2013 12:31pm
Quoting Cecil Gee
{quote} I am in profit on the put side on TLT, WILL WAIT to see
$0.40 got hit for me, prolly left alot on the table there, we'll see. ~$0.24 paid for the strangle, $0.40 out on the put leg, we'll let the calls ride, but if that's all there is it's enough

...now watch it keep going & hit my strike...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,690
  • Nov 20, 2013 12:37pm Nov 20, 2013 12:37pm
Quoting Cecil Gee
{quote} I am in profit on the put side on TLT, WILL WAIT to see how far it will go down, the weekly chart looks bearish but the 200 day ma is right here around 102.78 area, decisions decisions TLT put is at 49c or 49$ per contract, i paid 15c or 15$ per contract iShares 20+ Year Treasury Bond (TLT) -NYSEArca 103.58 {image} 0.98(0.94%) 6:17PM GMT - Nasdaq Real Time Price
closed my put leg out at 64c or $64 per contract, paid 15c/$15 per contract, still get the call leg of the strangle on but doubled my money on the strangle anyway s so I'm happy.

TLT Nov 2013 104.000 put (TLT131122P00104000)
-OPR
0.64 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.45(236.84%) 18:13
  • #1,691
  • Nov 20, 2013 12:39pm Nov 20, 2013 12:39pm
Quoting The Fool
{quote} $0.40 got hit for me, prolly left alot on the table there, we'll see. ~$0.24 paid for the strangle, $0.40 out on the put leg, we'll let the calls ride, but if that's all there is it's enough ...now watch it keep going & hit my strike...
good job mate, its a shame they moved it before the announcement because they may blow through that 200 day later in the week and we would have made a load more, but booking profits is good
  • #1,692
  • Nov 20, 2013 12:42pm Nov 20, 2013 12:42pm
now I just have my GDX strangle left
  • #1,693
  • Nov 20, 2013 12:47pm Nov 20, 2013 12:47pm
Quoting Cecil Gee
but booking profits is good
yup, never a bad idea, especially when you just have a couple days to work things out....

I don't really have a clear idea how the market will react to FOMC - I could see TLT moving either way, so, money in the bank....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,694
  • Nov 20, 2013 12:50pm Nov 20, 2013 12:50pm
Quoting The Fool
{quote} yup, never a bad idea, especially when you just have a couple days to work things out.... I don't really have a clear idea how the market will react to FOMC - I could see TLT moving either way, so, money in the bank....
nice job on your trade....
I agree on FOMC.....ultimately this should all wash out and I wouldn't be surprised if market is in same spot next week.
  • #1,695
  • Nov 20, 2013 12:58pm Nov 20, 2013 12:58pm
bought the GDX $24.50 CALL FOR 4C. this in addition to the strangle i already have 23 put and 25 call

GDX Nov 2013 24.500 call (GDX131122C00024500)
-OPR
0.04 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.04(50.00%) 18:33
  • #1,696
  • Nov 20, 2013 1:02pm Nov 20, 2013 1:02pm
Quoting pipple
{quote} nice job on your trade.... I agree on FOMC.....ultimately this should all wash out and I wouldn't be surprised if market is in same spot next week.
tanx, I am looking for some yearend selling on some of these over pumped spec stocks, want to have dry powder to catch some o that.

I knew TSLA would be one of them, am in heavy profit with $100 Dec puts, tried to get cute and sell 11/22 $115 puts against those, the latter still buggin me. If I get a chance to buy them back for small loss today I will, TSLA trading at $121.68...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,697
  • Nov 20, 2013 1:09pm Nov 20, 2013 1:09pm
Quoting The Fool
...now watch it keep going & hit my strike...
lol, yup.

Cecil, are you gonna scalp TGT earnings?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,698
  • Nov 20, 2013 1:11pm Nov 20, 2013 1:11pm
Quoting The Fool
{quote} lol, yup. Cecil, are you gonna scalp TGT earnings?
no, I'm'm looking at Facebook and LVS, waiting for prices to settle
  • #1,699
  • Nov 20, 2013 1:14pm Nov 20, 2013 1:14pm
i can see TLT breaking that 200 day on the weekly chart by friday
  • #1,700
  • Nov 20, 2013 1:40pm Nov 20, 2013 1:40pm
Quoting Cecil Gee
i can see TLT breaking that 200 day on the weekly chart by friday
TLT below 103

iShares 20+ Year Treasury Bond (TLT)
-NYSEArca
102.95 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.61(1.54%) 7:39PM GMT - Nasdaq Real Time Price
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