Let's Trade Options | Page 134 | 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

  • #2,661
  • Edited 10:28am Jan 26, 2014 9:45am | Edited 10:28am
http://finance.yahoo.com/news/analys...055901644.html

A rising tide.....?

Jan '15 $10c @ $0.35
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-01-26_anv.png Size: 137 KB
Click to Enlarge Name: 2014-01-26_nugt.png Size: 119 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,662
  • Jan 26, 2014 2:27pm Jan 26, 2014 2:27pm
Quoting The Fool
working on my watchlists, "medical tech" is an interesting one... {image}
that is a good one, been watching it too
  • #2,663
  • Jan 26, 2014 4:01pm Jan 26, 2014 4:01pm
Quoting Cecil Gee
{quote} that is a good one, been watching it too
re: ISRG, yes, wicked spreads now though, will be watching to see if they slim down....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,664
  • Jan 27, 2014 12:31am Jan 27, 2014 12:31am
Quoting The Fool
http://finance.yahoo.com/news/analys...055901644.html A rising tide.....? Jan '15 $10c @ $0.35 {image} {image}
other high spec pm stocks:

AGI, AKG, LSG, PPP, BRD, SAND, KGILF, MDW, PLGTF, HL, CDE, KGC, AUQ, GPL, etc
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,665
  • Jan 27, 2014 1:08am Jan 27, 2014 1:08am
Quoting Cecil Gee
{quote} Put in a order for a 7 week LONG strangle on FCX for February 22 expiration, prices are relatively low on a 2 strike OTM option plus there is earnings in two weeks or so and imo FCX is ready for some volatile swings. Fcx current price $36.92 Freeport-McMoRan Copper & Gold Inc. (FCX) -NYSE 36.92 {image} 0.40(1.07%) 3:08PM GMT - Nasdaq Real Time Price long Feb $39 call for 50c long Feb $35 put for 60c Waiting for execution
FCX is trading in the mid 32$, I may take some profit off when the stock market opens later. The original position was a strangle with a total cost of $110, my current position is worth $288 per strangle position so its more than doubled

Freeport-McMoRan Copper & Gold Inc. (FCX)
-NYSE
32.77 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.91(2.70%) 24 Jan 21:02


FCX Feb 2014 35.000 put (FCX140222P00035000)
-OPR
2.44 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.70(40.23%) 24 Jan 20:56

FCX Feb 2014 39.000 call (FCX140222C00039000)
-OPR
0.04 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.01(20.00%) 24 Jan 20:46
  • #2,666
  • Jan 27, 2014 1:16am Jan 27, 2014 1:16am
Quoting Cecil Gee
New longer term options play on RIG based on future earnings and subsequent further decline expected in oil long May $50 calls and long May $47 puts. prices put in are below total cost around $390 for the pair. RIG is trading at $48.25 and its earning are at the end of February so plenty of time before and after earnings Transocean Ltd. (RIG) -NYSE 48.25 {image} 0.28(0.58%) 14:52 - Nasdaq Real Time Price calls RIG May 2014 50.000 call (RIG140517C00050000) -OPR 1.75 0.00(0.00%) puts RIG May 2014 47.000 put (RIG140517P00047000)...
Holding the above position for now Rig is down to $44.25 well blow the $47 long put side of the strangle and the option has increased over 100% on it, obviously the call side is down so I'm looking foe this to touch $40 in the long term.

Transocean Ltd. (RIG)
-NYSE
44.25 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.18(2.60%) 24 Jan 21:00
  • #2,667
  • Jan 27, 2014 1:24am Jan 27, 2014 1:24am
UNG could go all the way to $30+. Natural gas put writers could be making a boat full of cash
  • #2,668
  • Jan 27, 2014 4:33am Jan 27, 2014 4:33am
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 $177.29 as I write. My risk is it does nothing and MY OPTIONS LOSE TIME DECAY. I could sell against it and that requires additional margin but it brings in some income reducing my initial cost. I think I'll'll leave it as it is GS Feb 2014 185.000 call (GS140222C00185000) -OPR...
Still in Goldman sachs trade as quoted above, I'm going to keep this until I see GS drop another 6/7$ more. With any luck we may see $157 which will make this trade almost triple in Value.

Also Facebook and Google are the ones that are showing a possible volatile earnings play this week, both are showing a drop this week in them on earnings day.
  • #2,669
  • Jan 27, 2014 4:37am Jan 27, 2014 4:37am
Quoting Cecil Gee
UNG could go all the way to $30+. Natural gas put writers could be making a boat full of cash
UNG/ Narural gas could be the best short term volatile plays for major option moves this year especially if we move higher
  • #2,670
  • Jan 27, 2014 1:08pm Jan 27, 2014 1:08pm
Quoting Cecil Gee
{quote} UNG/ Narural gas could be the best short term volatile plays for major option moves this year especially if we move higher
watch for epic cold weather to break off in about 6 weeks, storage numbers will start to go up and it will be time to short
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,671
  • Jan 27, 2014 1:12pm Jan 27, 2014 1:12pm
Quoting The Fool
Good to see YELP down <$80 today, hopefully will continue tomorrow. I am in 2/22 $65 long puts that need a little more help. Looking at 2/7 $70 short puts for $2.40. Would like to get in lower than that, as earnings are out 2/5
YELP dropped $3-4 on the day, dipped below $70 for a spell. Maybe I'll get lucky and it sells off all the way to earnings day. Still not sold my next leg o puts....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,672
  • Jan 27, 2014 1:21pm Jan 27, 2014 1:21pm
Quoting The Fool
UVXY picked a good day to split. Will be much easier to trade at this level. Reversion could be wicked, but no options show yet for the new strikes, not sure how long that will take.... {image}
$15+ swing on UVXY today - not for the faint of heart. I'd like to see VIX elevate for FOMC and then drop like a turd just after....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,673
  • Jan 28, 2014 3:47am Jan 28, 2014 3:47am
Quoting Cecil Gee
Also ear marked Google and Facebook for large moves. With any luck hoping Google does not make there move before earnings on the 30 Jan, may be a tall order for them as a lot of the major NASDAQ corporations do look vulnerable for a give back
Facebook have earnings out tomorrow and I'm looking to take a strangle position into next weeks expiration on Friday, may go out 5 strike prices out
  • #2,674
  • Jan 28, 2014 12:47pm Jan 28, 2014 12:47pm
Quoting Cecil Gee
{quote} Facebook have earnings out tomorrow and I'm looking to take a strangle position into next weeks expiration on Friday, may go out 5 strike prices out
Decided to trade YAHOO for it earnings overnight, it will be a strangle. Price is $37.64 as of writing now so the trade will be long $39 call and long $37 put

long $39 call is 61c and long $37 put is 66c for a total of $1.27 or $127 per strangle

Yahoo! Inc. (YHOO)
-NasdaqGS
37.64 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.99(2.70%) 20:46 - Nasdaq Real Time Price
  • #2,675
  • Jan 28, 2014 1:48pm Jan 28, 2014 1:48pm
Quoting Cecil Gee
{quote} Decided to trade YAHOO for it earnings overnight, it will be a strangle.
I'm in a VXX strangle for 1/31, $40p/$47c. ($0.11/$0.44) Will need a 2-day rally or a 2-day drop. A long shot & a small bet.

Also bought 2/22 NFLX $375 puts for $5.80 at the close.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,676
  • Jan 29, 2014 7:39am Jan 29, 2014 7:39am
Quoting The Fool
{quote} I'm in a VXX strangle for 1/31, $40p/$47c. ($0.11/$0.44) Will need a 2-day rally or a 2-day drop. A long shot & a small bet. Also bought 2/22 NFLX $375 puts for $5.80 at the close.
better than BE on the VXX strangle, calls are up 120+ %. Trying to sit on hands, looking for a VIX spike as seen on 1/27. Feeling very dicey to me though. Stocks may rally and VIX collapse after FOMC.

NFLX looking strong & I will look to sell 2/7 otm puts there if it will dip a little for me
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,677
  • Jan 29, 2014 10:57am Jan 29, 2014 10:57am
Quoting Cecil Gee
{quote} Decided to trade YAHOO for it earnings overnight, it will be a strangle. Price is $37.64 as of writing now so the trade will be long $39 call and long $37 put long $39 call is 61c and long $37 put is 66c for a total of $1.27 or $127 per strangle Yahoo! Inc. (YHOO) -NasdaqGS 37.64 {image} 0.99(2.70%) 20:46 - Nasdaq Real Time Price
YAHOO down to $35, the strangle is well up
  • #2,678
  • Jan 29, 2014 11:06am Jan 29, 2014 11:06am
Quoting Cecil Gee
{quote} Decided to trade YAHOO for it earnings overnight, it will be a strangle. Price is $37.64 as of writing now so the trade will be long $39 call and long $37 put long $39 call is 61c and long $37 put is 66c for a total of $1.27 or $127 per strangle Yahoo! Inc. (YHOO) -NasdaqGS 37.64 {image} 0.99(2.70%) 20:46 - Nasdaq Real Time Price

close this yahoo strangle trade for $2.10 or $210 per strangle position, bought for $127 per strangle position

Yahoo! Inc. (YHOO)
-NasdaqGS
35.10 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 3.12(8.16%) 19:05 - Nasdaq Real Time Price
  • #2,679
  • Jan 29, 2014 11:14am Jan 29, 2014 11:14am
I ended up buying Yahoo long $37 call for tomorrows expiration hoping for a small bounce for 6c or $6 per contract, a good RR.

I bought this at $34.87 now up to $35.03

YHOO Jan 2014 37.000 call (YHOO140131C00037000)
-OPR
0.06 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.65(96.49%) 18:47


Yahoo! Inc. (YHOO)
-NasdaqGS

35.03 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 3.19(8.35%) 7:14PM GMT - Nasdaq Real Time Price
  • #2,680
  • Edited 11:43am Jan 29, 2014 11:26am | Edited 11:43am
Quoting Cecil Gee
I ended up buying Yahoo long $37 call for tomorrows expiration hoping for a small bounce for 6c or $6 per contract, a good RR.
sounds good, a bounce to close the week sounds about right following today.

They pushed VXX to $46 for me, all I was hoping for, and I got out of the 1/31 $47 calls for $1.00, paid $0.45. If the 1/31 $40 puts die worthless the strangle nets 33%. With a little luck VIX will fall hard now and the puts will be worth selling, too.

Watching NFLX, where most of my risk money is now riding short
"If The Fool persists in his Folly he will become wise." - William Blake
7 traders viewing now