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  • #4,041
  • Jun 30, 2014 9:16am Jun 30, 2014 9:16am
Entered a new position on FB, bullish put spread 62.5 / 63.5 for Aug08 expiration. Sold it for $0.31.

Also trying to make and Iron Condor on TSLA, 175/180 puts + 300/305 calls on Aug15 expiration.
Hope is dangerous in this game.
  • #4,042
  • Jun 30, 2014 10:51pm Jun 30, 2014 10:51pm
Quoting StrayDog
Entered a new position on FB, bullish put spread 62.5 / 63.5 for Aug08 expiration. Sold it for $0.31. Also trying to make and Iron Condor on TSLA, 175/180 puts + 300/305 calls on Aug15 expiration.
Stawks will probably jet up on a gargantuan NFP. Throw a dart...

Couple spreads I am in: IWM spread is on the second short leg - 1st netted $0.08, so if the markets turn down I will break even m/l on the second short ($0.22) leg. I will likely close it for b/e or small loss tomorrow and let the calls advance, we'll see.

The GLD spread has started to work against me, but we'll see how leggy the gold rally is - the short week will help me there if gold simmers down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-06-30_iwmspread.png Size: 18 KB
Click to Enlarge Name: 2014-06-30_gld_spread.png Size: 19 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,043
  • Jul 1, 2014 5:44pm Jul 1, 2014 5:44pm
I did the virtual trade on CBOT too, it was nice to have a practice before real trading.
  • #4,044
  • Jul 1, 2014 6:50pm Jul 1, 2014 6:50pm
http://www.thestreet.com/story/12762...doves-cry.html

dolla drop today on TLT is a bfd, for me is nursing Oct $106 puts & been looking for dips to sell some closer puts down around that strike. I'd be escastics if I could see <$110 in the next week or so.. Exstactic.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,045
  • Jul 2, 2014 12:30pm Jul 2, 2014 12:30pm
Quoting The Fool
http://www.thestreet.com/story/12762...doves-cry.html dolla drop today on TLT is a bfd, for me is nursing Oct $106 puts & been looking for dips to sell some closer puts down around that strike. I'd be escastics if I could see <$110 in the next week or so.. Exstactic.
TLT down $2.50 in 2 days, looks like somebody got the memo that Q3 is a new ballgame for Treasurys.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,046
  • Jul 2, 2014 3:00pm Jul 2, 2014 3:00pm
Quoting StrayDog
AAPL was good for quick scalp with today expiration calls (91.43 or 92 strike). Was too late for that, instead entered bull put spread 89/90 for Jul 11th expiration. ....
Those spreads was sold for 0.20 and bought back today for 0.04.
Hope is dangerous in this game.
  • #4,047
  • Jul 2, 2014 3:38pm Jul 2, 2014 3:38pm
Quoting StrayDog
{quote} Those spreads was sold for 0.20 and bought back today for 0.04.
Profits. I am in TLT Oct $106 puts, bought for $0.67 when TLT traded north of $113.5, printed $0.99/$1.07 at today's close. If TLT will show me $110 +/- (soon) I will look to sell Aug $105 puts for $0.30+ if I can. If TLT can get to $106 by early Sept my $106's will be worth about $1.75 I spec....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,048
  • Jul 3, 2014 1:23am Jul 3, 2014 1:23am
http://news.yahoo.com/foreign-minist...180322107.html

markets should react well to good news on Ukraine. If the NFP prints large we could see equities blow up.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,049
  • Jul 3, 2014 8:23am Jul 3, 2014 8:23am
Quoting The Fool
http://news.yahoo.com/foreign-minist...180322107.html markets should react well to good news on Ukraine. If the NFP prints large we could see equities blow up.
Everything is UP in premarket. Thinking about long calls on IWM, since Russell now is playing catch up with SPX.
Idea on chart
https://www.tradingview.com/x/sKAM4YQI
Hope is dangerous in this game.
  • #4,050
  • Edited 9:06am Jul 3, 2014 8:40am | Edited 9:06am
Managed to get only 4 contracts of IWM for todays expiration... Bought for 0.24 (yeah daily low baby ) .... Sold for 0.35 few minutes later. Beer money.

Daily low no more It was strike 119.5
Hope is dangerous in this game.
  • #4,051
  • Jul 3, 2014 9:36am Jul 3, 2014 9:36am
Quoting StrayDog
{quote} Everything is UP in premarket. Thinking about long calls on IWM, since Russell now is playing catch up with SPX. Idea on chart https://www.tradingview.com/x/sKAM4YQI
Wow - market jumping nicely on the NFPs today! How soon before SPX hits 2000? Some 'experts' say it'll happen sooner than later and strong earnings could push it 2000+......
  • #4,052
  • Jul 3, 2014 9:36am Jul 3, 2014 9:36am
Quoting StrayDog
Managed to get only 4 contracts of IWM for todays expiration... Bought for 0.24 (yeah daily low baby ) .... Sold for 0.35 few minutes later. Beer money. Daily low no more It was strike 119.5
Nice one SD!
  • #4,053
  • Jul 3, 2014 10:06am Jul 3, 2014 10:06am
Quoting The Fool
{quote} Stawks will probably jet up on a gargantuan NFP. Throw a dart... Couple spreads I am in: IWM spread is on the second short leg - 1st netted $0.08, so if the markets turn down I will break even m/l on the second short ($0.22) leg. I will likely close it for b/e or small loss tomorrow and let the calls advance, we'll see. The GLD spread has started to work against me, but we'll see how leggy the gold rally is - the short week will help me there if gold simmers down. {image} {image}
didn't bail on IWM 7/11 short leg, will hang on and let the long weekend theta help me, should get a b/e exit next Monday.

Remember exchanges close at 1300 NY time today. Have a good break everybody.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,054
  • Jul 3, 2014 12:48pm Jul 3, 2014 12:48pm
Quoting njr
{quote} Wow - market jumping nicely on the NFPs today! How soon before SPX hits 2000? Some 'experts' say it'll happen sooner than later and strong earnings could push it 2000+......
well I'm no exspurt but I remember saying a couple months back that the SnP could touch 2,200 this year and I could still see that happening. 2,000 < 1% away and we can see that next week. A strong Q2 earnings run could push it well above 2,050 before Labor Day. 2,200 looks like a stretch but 2,100 definitely by yearend.

Or not. Any number of factors could get in the way: usual geopolitical troubles, sovereign debt issues resurfacing (the bond vigilantes are not dead!), US midterm elections jitters, etc.

I still like index call selling but I am giving myself plenty room to work.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,055
  • Jul 3, 2014 7:36pm Jul 3, 2014 7:36pm
WY - Why? Holiday quiz: what happened here?

http://www.fool.com/investing/genera...ors-set-n.aspx

(These are the WY Jul $38 calls and puts)...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-07-03_wycalls.png Size: 9 KB
Click to Enlarge Name: 2014-07-03_wyputs.png Size: 7 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,056
  • Jul 4, 2014 1:49am Jul 4, 2014 1:49am
Quoting The Fool
WY - Why? Holiday quiz: what happened here? http://www.fool.com/investing/genera...ors-set-n.aspx (These are the WY Jul $38 calls and puts)... {image} {image}
so the puts have to be writes, and along with the (long) calls are a gamble on a rapid increase in the WY share price, up to $38 by Jul exp....there's also the same setup for $38 Oct. The Oct $38 calls are $0.20 now.....

....right?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,057
  • Jul 8, 2014 9:37am Jul 8, 2014 9:37am
Finally some down momentum... Had a plan to enter AMZN and IWM weekly puts at open, and MISSED entry on both of them... cant believe it... tried strike 325 on AMZN for 0.78, ask was 0.80.... Just looked at price going away from me. It is 4.60 now.... or x 6 in just one hour.
Ups, it is 5.00 now... ups 5.50....

Entered TSLA weekly puts 205 for 0.66 when underlying was around 219
Hope is dangerous in this game.
  • #4,058
  • Jul 8, 2014 9:43am Jul 8, 2014 9:43am
Quoting StrayDog
Entered TSLA weekly puts 205 for 0.66 when underlying was around 219
Closed that at 1.19...

Also closed with loss FB bull put spreads as it dives today. Still in positive territory hence win on TSLA was bigger than loss on FB.
What a beautifull day, I hope some of you have better trades then me. (AMZN strike 325 put - low 0.76, high 5.55 )
Hope is dangerous in this game.
  • #4,059
  • Jul 8, 2014 9:53am Jul 8, 2014 9:53am
Quoting StrayDog
{quote} Closed that at 1.19... Also closed with loss FB bull put spreads as it dives today. Still in positive territory hence win on TSLA was bigger than loss on FB. What a beautifull day, I hope some of you have better trades then me. (AMZN strike 325 put - low 0.76, high 5.55 )
Hey SD - Yes, it is good to see some pullback finally! VIX is also spiking nicely. FOMC minutes tomorrow could perpetuate this further or could provide a nice push upwards again. I'm waiting to see where this moves today / tomorrow. Also, AA is starting the earning season after the bell today which may also provide some short term direction....

My only position today is that I have sold JPY.USD Sep '14 puts. There is good support at 100...

Good luck with the rest of your trades!
  • #4,060
  • Jul 8, 2014 10:51am Jul 8, 2014 10:51am
Quoting njr
{quote} ... Good luck with the rest of your trades!
Thnx man.

It is like last time we had small correction few months ago... its all started with internet and tech stocks... one of my favorites for short, SPLK, is down 10+% now. It has terrible options, though... so one have to trade the u/l. I think market is afraid of FOMC statement... good unemployment rate - 6.1% could be bad for market. IMO
Should pay more attention on TWTR also... nice volume on options... down so far 7.7%
Hope is dangerous in this game.
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