Let's Trade Options

Quoting pipple

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{quote} what about a short strangle? writing a 28/29 call and a 21/22 put and taking in around $30....this seems like a liquid adjustable stock the Decembers would buy you time, it looks a little toppy, but it has room to go up for sure....maybe rough to break 28. what does a 30 call and a 23 put look like to you?

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Quoting Cecil Gee

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interesting to see GDX has broken its 52 week low but GOLD or GLD has not, GDX is trading at $21.63. I'm waiting to see if i can get the $22 call on GDX for around 14c because i think GDX will bounce as its gone further than the other two Market Vectors Gold Miners ETF (GDX) -NYSEArca 21.63 {image} 0.62(2.79%) 17:01 - Nasdaq Real Time Price GDX Nov 2013 22.000 call (GDX131129C00022000) -OPR 0.18 {image} 0.33(64.71%) 16:41

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Quoting The Fool

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still thinking I might try a shot at HPQ, an earnings release pop. Last year's chart shows $3-$4 pops at each release (late Feb, May, & Aug) looking at 11/29, an atm strike either way will be worth a little over $1.00. HPQ trading at $25.35. A $22.50/$28.50 long strangle would be $0.18/$0.13, ~$0.32 net debit. Dec 21's might go 22/28 for 0.27/0.27, ~$0.55 net debit, with atm strikes nearterm around $1.35 {image}

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Quoting The Fool

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{quote} ...early Monday, will prolly sell the Dec 21 $77.50 put for $0.39 to make TSLA put spread net ~$0.15 credit. If TSLA breaks down even more with profit taking in early Dec and nears my $100 long put strike I might net >$5.00, would b a really nice Christmas present...

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Quoting pipple

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{quote} I shoulda taken my own advice and sold gold when I posted that. I think its gonna make lower lows over next few weeks. in a weird area on daily chart. Unless it creates a new comfort zone I don't think it likes settling around here....just my opinion. Im staying away from it for the time being.....I don't like the options pricing either.

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Quoting Cecil Gee

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interesting to see GDX has broken its 52 week low but GOLD or GLD has not, GDX is trading at $21.63. I'm waiting to see if i can get the $22 call on GDX for around 14c because i think GDX will bounce as its gone further than the other two Market Vectors Gold Miners ETF (GDX) -NYSEArca 21.63 {image} 0.62(2.79%) 17:01 - Nasdaq Real Time Price GDX Nov 2013 22.000 call (GDX131129C00022000) -OPR 0.18 {image} 0.33(64.71%) 16:41

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Quoting Cecil Gee

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{quote} In the end I got in at 18c just after posting the above. long 22$ call GDX Nov 2013 22.000 call (GDX131129C00022000) -OPR 0.18 {image} 0.33(64.71%)

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Quoting Cecil Gee

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{quote} closed at $55c or $55 per contract. I bought it for 18c or $18 per, Gaining 200% GDX Nov 2013 22.000 call (GDX131129C00022000) -OPR 0.55 {image} 0.04(7.84%) 19:56

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Quoting Cecil Gee

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{quote} closed at $55c or $55 per contract. I bought it for 18c or $18 per, Gaining 200% GDX Nov 2013 22.000 call (GDX131129C00022000) -OPR 0.55 {image} 0.04(7.84%) 19:56

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Quoting The Fool

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{quote} To-do for short week of 11/25: 1) sell another put leg of TSLA credit spread, look at 11/29 $105 lt $0.36; 12/06 $95p lt $0.46, 12/13 $90 lt $0.61; watch for moves down Mon-Tue 2) sell SSO puts, another leg of a debit spread with Jan $82 long puts, look at 12/06 $92, lt $0.25; watch for moves down Mon-Tue 3) Look to sell TZA Dec calls on any move up 4) watch USO & other US oil patch stocks, consider XLE 5) consider HPQ for an earnings release play (~23/27 12/21 long strangle @ $0.65 net debit would get >$1.00 if either strike hit in a week.)...

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Quoting Cecil Gee

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Took a trade based on the anticipation of a further fall in oil over the US holiday, SLB charts looks to be the best stock to take any advantage if it does. So I'm long $88 puts for 21c or $21 per contract. Fridays expiration weekly SLB Nov 2013 88.000 put (SLB131129P00088000) -OPR 0.21 {image} 0.04(23.53%) 15:02 underly price Schlumberger Limited (SLB) -NYSE 89.18 {image} 0.63(0.70%) 15:33 - Nasdaq Real Time Price

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Quoting The Fool

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{quote} I am trying to play the oil drop for January and beyond, may try a bear put spread on XLE. on TSLA I'm holding off further short puts, it's falling too fast - down near 4% today. My Dec $100 puts in $0.15 debit is worth about $2.00 now... HPQ I will probably get in a cheap strangle today for Dec 21 and see if the earnings pop for me after hours...

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Quoting pipple

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margins dropped...and I am running book at @40% M/E ratio now....should continue to drop.....

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Quoting The Fool

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{quote} lol, I had to wiki that

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Quoting pipple

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{quote} no worries....the M/E changes a lot with how I do this. So a week ago, same positions for a $250k account had my margins around $150-160k.....now at $110k roughly. Closer the market gets to my strikes.....closer to a futures contract margin requirement they collect. Once it gets intrinsic forget about it. I never let it get to that point obviously.

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