Let's Trade Options

Quoting The Fool

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{quote} @ $72.50 that has got to be 3 cents in the bag. Retailers have been flailing.

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Quoting njr

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{quote} Yup, I guessing so.......unless they open a "gigafactory" or something like this

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Quoting The Fool

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{quote} Hey I'm still waiting for the "Mr. Fusion" to power my DeLorean. (But Elon Musk is no DeLorean....) I am tempted to put on a put credit spread on TSLA, I can do 3/22 $200/$185 for $1.80/$0.95 ($0.85 cr) or $175/$190 for $0.54/$1.11 ($.057cr)....

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Quoting The Fool

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these are the March VXX calls. You'll see somebody bought (or sold) 30,580 Mar $80 calls @ $0.17. OK, VXX lt at $43.17. And there's active volumes all the way out to Mar $98...$108...jeez...wtf? Hello? Who are these people selling these ridiculouslydotm options? People smarter than me? Market would have to crater and be dragged down to Hell for VXX to get to $80 this month, much less $98... njr, can I interest you in some short Mar VXX calls? {image}

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Quoting njr

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{quote} Hey TF - lol, it was me placing those trades Yeah, a lot of activity all the way up the chain and according to this webcast apparently people buying protection whilst volatility is cheap

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Quoting The Fool

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{quote} any reason why you wouldn't want to sell those way out Mar strikes?

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Quoting njr

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{quote} Hey TF - I'm always nervous about selling VXX/VIX as all is takes is a problem somewhere in the world (such as Ukraine, a warning issued by the authorities about high risk of a terrorist attack, or some other event) for this to spike up and it is a little to risky for my trading style. I've found a interesting webcast on how the TT guys play the earning with defined risk strategies rather than naked undefined risk. I'll try these out on the earnings where there is a significant expected move... https://www.youtube.com/watch?v=zcvF2n6jjeY...

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Quoting Boy Wonder

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{quote} I saw your post about IB ramping up the margin requirement on your (TSLA?) trade. I winced. As somebody who himself used to have a somewhat cavalier attitude to risk I'm glad you're looking in this direction.

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Quoting njr

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{quote} Thanks BW. Yeah, still amazed at how it ramped up by a factor of 35 the day after TSLA stock jumped 14%. Not sure if this was SPAN or if IB overlayed their own risk management which I know they reserve the right to do. I'll be watching to see if TSLA does hit 290 by Friday but I doubt it even with ma Yellen giving us all a ramp up speech today. How's the weather in London next week BW? I'll be up that way and expecting sunshine

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Quoting The Fool

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these are the March VXX calls. You'll see somebody bought (or sold) 30,580 Mar $80 calls @ $0.17. OK, VXX lt at $43.17. And there's active volumes all the way out to Mar $98...$108...jeez...wtf? Hello? Who are these people selling these ridiculouslydotm options? People smarter than me? Market would have to crater and be dragged down to Hell for VXX to get to $80 this month, much less $98... njr, can I interest you in some short Mar VXX calls? {image}

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Quoting Boy Wonder

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{quote} I'm amazed you were even able to put the trade on in the first place Seriously, if you put it on in the same size as that other trade that you put on....ay carumba! I think SPAN only applies to futures margining but maybe I'm wrong there. I thought stock options had quite clearly defined rules that were quite conservative. But anyway, I just leave it to IB, who as you know are pretty conservative guys (and I've said before, I love that, because I need that discpline). The weather in London? I wouldn't know mate, I'm not in London Feel...

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Quoting njr

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{quote} Hey BW - I think you're right that SPAN applies to future and maybe commodities??? Yeah, IB have a reputation for being conservative which is a good thing given the risk some of us take. Actually, I put on a 'relatively' small number of contracts on TSLA given that the price of selling the call was 'relatively' high and the premium received was generous. I'm impressed with your dedication trading until 4am BW

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Quoting njr

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{quote} Hey TF - I'm always nervous about selling VXX/VIX as all is takes is a problem somewhere in the world (such as Ukraine, a warning issued by the authorities about high risk of a terrorist attack, or some other event) for this to spike up and it is a little to risky for my trading style. I've found a interesting webcast on how the TT guys play the earning with defined risk strategies rather than naked undefined risk. I'll try these out on the earnings where there is a significant expected move... https://www.youtube.com/watch?v=zcvF2n6jjeY...

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Quoting Boy Wonder

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{quote} LOL! Btw nj, do you use IB's Risk Navigator? Check it out if you don't. I think it might have saved my life.

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Quoting njr

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{quote} Thanks BW - I have looked at the navigator briefly but not really used it. I'll take a better look at it and register for their next webinar or download the last one available. I admit my strategies are sometime on the riskier side but as they say, no risk = no reward.....

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Quoting Boy Wonder

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{quote} Defence wins the game mate. Btw the Risk Navigator looks complicated but it isn't; it's REALLY easy to use. You don't need to watch a boring webinar about it. You just select an underlying, and an expiry date, and voila, you get your P/L graph at expiry (estimated of course) based on the price of the u/l at expiry. See image - I've selected EURUSD as the underlying and this Friday as the expiry (I have weeklies expiring this Friday). You can just see part of my P/L graph. Easy peasy. One thing to beware of though - it's a big buggy; for...

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Quoting njr

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Hey all, I plan to wait until ma Yellen delivers her testament. Following this I will look at DECK who are reporting after the bell today.

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