Let's Trade Options | Page 117 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Let's Trade The News V 0.4 ! 479 replies

Any Options, Bull Options & Option Bit 39 replies

Let's Trade The News! 46 replies

Let a trade develop? 17 replies

Attachments: Let's Trade Options
Exit Attachments

Let's Trade Options

  • #2,321
  • Jan 1, 2014 11:51pm Jan 1, 2014 11:51pm
Quoting JoeNY
Only deal with the penny spreads. There's about 350 of em'. For those that don't know you can download a list from CBOE. Be back soon... https://www.cboe.org/publish/PennyPi...lotClasses.csv {quote}
yep, not sure if all those get ya down to $0.01, but low enough anyway. Do you have any favorites, ones you hit over & over?

Some traders have stocks/futures that they concentrate on, I look for particular scenarios myself, instrument no matter really so long as it has good volume, weeklies, good division on the strikes, etc...even so, there are the usual suspects....

Well, 2014, here we go. I feel good, feel like I can have a breakout year. Think I have basically gotten thru options kindergarten, ready for the big boy pants now.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,322
  • Jan 2, 2014 12:19am Jan 2, 2014 12:19am
I still wanna spread on YELP, looking to start with long puts if it will break above $70-$72...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-01_yelp.png Size: 57 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,323
  • Jan 2, 2014 12:21am Jan 2, 2014 12:21am
TGT's got good support around $62, but more bad news out over the weekend. If it breaks below that level I will watch for good longside entries
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-01_tgt.png Size: 58 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,324
  • Jan 2, 2014 2:12am Jan 2, 2014 2:12am
Yes correct but pretty much a nickel or less.

... and the SPY of course...

Quoting The Fool
{quote} yep, not sure if all those get ya down to $0.01, but low enough anyway. Do you have any favorites, ones you hit over & over?
SPC * Swollen PocketZ Crew!
  • #2,325
  • Jan 2, 2014 8:10am Jan 2, 2014 8:10am
Quoting The Fool
{quote} If GS moves well pre-earnings, I might roll some profits into a weekly post-earnings cheap strike. Feb expiry might also be kept in play with further long or short options. Looking at Feb $170p/$185c @ $2.63/$2.20, net $4.85 debit. ....might sell the Jan 10 $170p at the same time for $0.30 credit {image}
I'd have to lean longside for earnings pop on GS and C, so if they can slide a bit and cheapen the Feb calls I will wait on that...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,326
  • Jan 2, 2014 9:34am Jan 2, 2014 9:34am
I'm in on RF. $9 Feb CALL... Earnings the week of Jan 21st... I'm out of the trade at my target % or before earnings release, whichever comes first... Riding a nice .81 Delta..

Attached Image (click to enlarge)
Click to Enlarge Name: rf.gif Size: 31 KB
SPC * Swollen PocketZ Crew!
  • #2,327
  • Jan 2, 2014 10:47am Jan 2, 2014 10:47am
Quoting The Fool
{quote} If no downside follow-through Thursday will probably sell these puts & put equity to work elsewhere. Given the large premium even a 10% winner is a nice little chunka dough.
re: NFLX, showing me what I need, dropping.... looking for <$360 to start looking at Jan 24 put writes for a bear credit spread. Sitting on Feb $295 long puts....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,328
  • Jan 2, 2014 10:50am Jan 2, 2014 10:50am
Made the move on GOLDMAN SACHS GS, bought a strangle for earnings play on Jan 16 while IV is relatively low.

longed $185 call and longed $170 put for a total debit of $4.63 or $463. Goldman is right smack in the middle of the strangle at around $177.29 as I write. My risk is it does nothing and MY OPTIONS LOSE TIME DECAY. I could sell against it and that requires additional margin but it brings in some income reducing my initial cost. I think I'll'll leave it as it is

GS Feb 2014 185.000 call (GS140222C00185000)
-OPR
2.10 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.02(0.96%) 16:14



GS Feb 2014 170.000 put (GS140222P00170000)
-OPR

2.53 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.01(0.39%) 16:14
  • #2,329
  • Jan 2, 2014 10:56am Jan 2, 2014 10:56am
Quoting The Fool
{quote} re: NFLX, showing me what I need, dropping.... looking for <$360 to start looking at Jan 24 put writes for a bear credit spread. Sitting on Feb $295 long puts....
I might play a weekly option that expires tomorrow on this $357.50 if I can get it for under 25c today or tomorrows open and trade it to the 50 day
  • #2,330
  • Jan 2, 2014 11:05am Jan 2, 2014 11:05am
Quoting Cecil Gee
Made the move on GOLDMAN SACHS GS, bought a strangle for earnings play on Jan 16 while IV is relatively low. longed $185 call and longed $170 put for a total debit of $4.63 or $463. Goldman is right smack in the middle of the strangle at around $177.29 as I write. My risk is it does nothing and MY OPTIONS LOSE TIME DECAY. I could sell against it and that requires additional margin but it brings in some income reducing my initial cost. I think I'll'll leave it as it is GS Feb 2014 185.000 call (GS140222C00185000) -OPR 2.10 {image} 0.02(0.96%) 16:14...
forgot to mention these are FEB 22 options
  • #2,331
  • Jan 2, 2014 11:09am Jan 2, 2014 11:09am
What do ya think. All the selling is the taking of quick profits from the run up that occurred before the end of the year. Now all falls under 2014 tax. Wonder how long it will last... today, tomorrow... I'm still bullish on a lot of plays I got brewin' and they're holding up good today...
SPC * Swollen PocketZ Crew!
  • #2,332
  • Jan 2, 2014 11:12am Jan 2, 2014 11:12am
Quoting Cecil Gee
{quote} I might play a weekly option that expires tomorrow on this $357.50 if I can get it for under 25c today or tomorrows open and trade it to the 50 day
$360 breaks good could see $355 pdq and I will be writing Jan 24 puts for fat credit on the spread

clock is ticking tho....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,333
  • Jan 2, 2014 11:17am Jan 2, 2014 11:17am
Quoting JoeNY
What do ya think. All the selling is the taking of quick profits from the run up that occurred before the end of the year. Now all falls under 2014 tax. Wonder how long it will last... today, tomorrow... I'm still bullish on a lot of plays I got brewin' and they're holding up good today...
I'm not convinced of this sell off either unless lot of the big stocks break through there 50 day average. we're sitting on top of some large cap stocks plus the $ has gained today
  • #2,334
  • Jan 2, 2014 11:27am Jan 2, 2014 11:27am
A lot of people don't trade the end of December so I imagine they are all playing catch up... Will be another crowd come Monday I presume... Weather sucks here in NY today and the roads are empty... FDR drive heading to Wall Street dead as well...

Quoting Cecil Gee
{quote} I'm not convinced of this sell off either unless lot of the big stocks break through there 50 day average. we're sitting on top of some large cap stocks plus the $ has gained today
SPC * Swollen PocketZ Crew!
  • #2,335
  • Jan 2, 2014 11:38am Jan 2, 2014 11:38am
Quoting JoeNY
What do ya think. All the selling is the taking of quick profits from the run up that occurred before the end of the year. Now all falls under 2014 tax. Wonder how long it will last... today, tomorrow... I'm still bullish on a lot of plays I got brewin' and they're holding up good today...
I was expecting more tax selling the last couple weeks of the year, but it wasn't there. Selling today on what will probably be avg volume at best, we'll see. And we'll see if they can string together some negative days/weeks. Long overdue & what everyone has been pining for anyway. Increased VIX on 12/31 kinda pointed towards some chance of a selloff in the first days of the year, but that's my 20/20 hindsight...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,336
  • Jan 2, 2014 11:58am Jan 2, 2014 11:58am
Quoting Cecil Gee
Made the move on GOLDMAN SACHS GS, bought a strangle for earnings play on Jan 16 while IV is relatively low. longed $185 call and longed $170 put for a total debit of $4.63 or $463. Goldman is right smack in the middle of the strangle at around $177.29 as I write. My risk is it does nothing and MY OPTIONS LOSE TIME DECAY. I could sell against it and that requires additional margin but it brings in some income reducing my initial cost. I think I'll'll leave it as it is
Holding on this, looking to see if I can get in the long calls a little lower as GS falls. Probably won't pay to wait though
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,337
  • Edited 3:10pm Jan 2, 2014 1:28pm | Edited 3:10pm
Quoting The Fool
{quote} $360 breaks good could see $355 pdq and I will be writing Jan 24 puts for fat credit on the spread clock is ticking tho....
$360 a tough nut. My fear is he bounces there again and my clock is ticking....

...sold the 1/31 $305p for $5.30, so about $0.90 credit on the spread. $363 to $305 in 4 weeks is looking like quite a drop for NFLX, but we'll see.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,338
  • Jan 2, 2014 3:16pm Jan 2, 2014 3:16pm
longed $17.00 puts on UVXY at the close for $0.12, with UVXY at about $17.47....for tomorrow's expiry.

...which says I don't believe the bubble market can string together 2 consecutive down days. Just a punt, r/r not bad, could get a triple or better if things turn up on Friday's open....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,339
  • Jan 2, 2014 4:58pm Jan 2, 2014 4:58pm
CRBQ (http://uk.finance.yahoo.com/q/hl?s=CRBQ) vs DBC commodity index. What is interesting is how these two related instruments appear to trade in lockstep most of the time (as one would expect) but in the last 1/3 of 2013 they became increasingly divorced from each other, to the extent that it's gonna take some pretty hefty price movement to bring them back together. I imagine CRBQ is more likely to drop than the commodities to rise but WTFDIK.
CRBQ traded out of a steep parallel channel for the first time today, which suggests the party could well be over to the upside.
This chart has perhaps some interesting implications for equities in general. I think I will be looking to get some kind of short exposure to CRBQ, but I've not checked the options yet so I don't know how.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
I have no clue what I'm talking about.
  • #2,340
  • Jan 3, 2014 12:17pm Jan 3, 2014 12:17pm
Quoting The Fool
longed $17.00 puts on UVXY at the close for $0.12, with UVXY at about $17.47....for tomorrow's expiry. ...which says I don't believe the bubble market can string together 2 consecutive down days. Just a punt, r/r not bad, could get a triple or better if things turn up on Friday's open....
had a chance to make a dime on these at the open, was not nimble enough. UVXY demands screen time and a quick hand, may not be my cup o' meat. I still think shorting VIX spikes is the only way to play VIX now
"If The Fool persists in his Folly he will become wise." - William Blake
6 traders viewing now