Let's Trade Options | Page 216 | 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

  • #4,301
  • Aug 6, 2014 1:16pm Aug 6, 2014 1:16pm
Quoting StrayDog
I am thinking of some kind of play for GMCR ER tonight. I can see that stock is a mover, and this close to earnings - I dont want to buy expensive options, like strangles or straddles. I will probably chicken out, but thinking of IC there. It would be 107/108 + 130/131 for this Friday expiration. It is about $0.40 credit if filled at midpoint. NVDA and SCTY have earnings tomorrow AH. Will think about those two also.
I wouldn't go that tight on the GMCR puts, options saying em is almost $11. Better, but more expensive would be 8/8 $95/$100 for $0.20. Then, maybe 8/8 $135/$140 calls for $0.34.... Market can't be two places at once......

I am feeling a bit gunshy myself, atm.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,302
  • Aug 6, 2014 1:21pm Aug 6, 2014 1:21pm
Interesting video from tastytrade on butterflies and broken wings butterflies.

Inserted Video
Hope is dangerous in this game.
  • #4,303
  • Aug 6, 2014 1:35pm Aug 6, 2014 1:35pm
Quoting The Fool
{quote} I wouldn't go that tight on the GMCR puts.....
You are probably right on that. Will skip GMCR, because it makes me uncomfortable. Let it go whenever it wants, unlike DIS where I was pretty sure in IC, in case of GMCR fear prevails, so i will just sit on my hands.

TSLA had quite a day today, I just wonder how much more they can lift that, and maybe we can fade it.
I am done for today, did nothing... going to play with my kid now and later just watch some more tastytrade vids.
Interesting to see a bulk of trades on dough every day, I like that, and I like that platform very much. User friendly.
Hope is dangerous in this game.
  • #4,304
  • Aug 6, 2014 1:44pm Aug 6, 2014 1:44pm
I might do the GMCR calls condor, but I am looking around for a cheap ER long strangle....maybe MBI, ER's today, but idk....

Have a great day, StrayDog.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,305
  • Aug 6, 2014 2:15pm Aug 6, 2014 2:15pm
Quoting The Fool
I might do the GMCR calls condor, but I am looking around for a cheap ER long strangle.....
SYMC ER's today, pops on earnings, but it has no weeklies, and only $1.00 strikes. A 8/16 $22/$25 long strangle costs $0.53...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-06_symc.png Size: 23 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,306
  • Aug 6, 2014 2:41pm Aug 6, 2014 2:41pm
CHK ER's today, trading at $26.18, I did a 8/16 long strangle $25/$27 for $0.15/$0.19, $0.34 net debit.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,307
  • Aug 7, 2014 2:13am Aug 7, 2014 2:13am
http://www.fool.com/investing/genera...im-buying.aspx

I noticed recent insider buying, HLF closed <$50 today. I'd bet it can motor back > $60 pdq when risk sentiment mellows out again, and it will.

9/20 $45/$47.50 bull put spread nets $0.60.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,308
  • Aug 7, 2014 10:18am Aug 7, 2014 10:18am
Hey TF, you trade TLT, what are you thinking about this trade?

Attached Image
Hope is dangerous in this game.
  • #4,309
  • Aug 7, 2014 11:53am Aug 7, 2014 11:53am
Quoting StrayDog
Hey TF, you trade TLT, what are you thinking about this trade? {image}
Yes, many many traders (including me) have been losing money trying to short the long bond. You can correlate ^TYX directly m/l to TLT, and bond bulls think ^TYX will keep dropping to below 3.00% before any kind of bottom is in. And that corresponds to TLT > $120 somewhere. My take is that TLT will stay m/l sideways or slide a bit in a riskon market and will keep rising in riskoff. I have been selling bull put spreads on TLT and doing well.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,310
  • Aug 7, 2014 1:11pm Aug 7, 2014 1:11pm
Guys on dough have interesting idea regarding YHOO... I am thinking more of a classic IC there. It would be 30/31 + 41/42 for Sep19 expiry, could be done for $0.27 credit.
Hope is dangerous in this game.
  • #4,311
  • Aug 7, 2014 6:22pm Aug 7, 2014 6:22pm
Quoting StrayDog
Guys on dough have interesting idea regarding YHOO... I am thinking more of a classic IC there. It would be 30/31 + 41/42 for Sep19 expiry, could be done for $0.27 credit.
OK, I will check that out. I am looking still at a bull put credit spread for HLF, and also now YPF. The latter will bounce with a floor at $33.00 if there is news of an Argentine debt deal....

http://www.reuters.com/article/2014/...e=businessNews
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,312
  • Aug 7, 2014 11:06pm Aug 7, 2014 11:06pm
Quoting The Fool
{quote} Yes, many many traders (including me) have been losing money trying to short the long bond. You can correlate ^TYX directly m/l to TLT, and bond bulls think ^TYX will keep dropping to below 3.00% before any kind of bottom is in. And that corresponds to TLT > $120 somewhere. My take is that TLT will stay m/l sideways or slide a bit in a riskon market and will keep rising in riskoff. I have been selling bull put spreads on TLT and doing well.
heavy riskoff sentiment taking hold as eyes on Iraq and maybe US airstrikes against rampaging IS, US stock index futures all red, Nikkei down 2.5% +, risk assets will be capped, US Treasurys will run up, etc.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,313
  • Aug 8, 2014 10:15am Aug 8, 2014 10:15am
I continue to sell TLT puts against long puts I have been holding, rolled into 9/5 $112.5p short on 9/20 $111.00 long, for $0.40 credit. Third short leg I have played on the $111 long puts, has taken that much to break me even m/l.

May set up a diagonal GLD bear call spread today.....the last one I made is all up on 8/16.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,314
  • Edited 11:14am Aug 8, 2014 10:59am | Edited 11:14am
I will read more on diagonals, since I have never traded them.

I took a trade from dough... IWM bear call spread 115/117 Sep19 expiration for $0.65 credit.

For next week ER's I think these could be interesting: PCLN (too pricey for me, since my option trading acc is small), SYY will try to make a IC tonight, but bid ask spread is big, so that will not be easy. That stock hardly moves.

Thinking also on strangles for JCP, CSCO... and IC for WMT. KING will probably move big... does not have weeklys, but thats fine in this case...
Hope is dangerous in this game.
  • #4,315
  • Aug 8, 2014 11:48am Aug 8, 2014 11:48am
Quoting StrayDog
Interesting video from tastytrade on butterflies and broken wings butterflies. http://youtu.be/geINXlqWR38
yeah seen it, trouble with there analysis and tests is that its based around generalisation imo, if your a technical trader and take time and be subjective when making trades then you the trader will have different results rather than if you trade like they run the tests
  • #4,316
  • Aug 8, 2014 11:51am Aug 8, 2014 11:51am
Quoting StrayDog
I will read more on diagonals, since I have never traded them. I took a trade from dough... IWM bear call spread 115/117 Sep19 expiration for $0.65 credit. For next week ER's I think these could be interesting: PCLN (too pricey for me, since my option trading acc is small), SYY will try to make a IC tonight, but bid ask spread is big, so that will not be easy. That stock hardly moves. Thinking also on strangles for JCP, CSCO... and IC for WMT. KING will probably move big... does not have weeklys, but thats fine in this case...
priceline is one of three stocks out there than can make your year regardless how small our accounts are, we just need to wait for that perfect set up on a friday
  • #4,317
  • Aug 8, 2014 11:59am Aug 8, 2014 11:59am
Quoting Cecil Gee
Damn just noticed where the USD is and if it doesn't take out $81.64 then it should retrace which may take the euro higher which will stop me out
USD although has gone higher than the price quoted it has struggled to close above on any day, it needs to close above 81.64 ish to take that euro down deep deep
  • #4,318
  • Aug 8, 2014 12:51pm Aug 8, 2014 12:51pm
Quoting StrayDog
I will read more on diagonals, since I have never traded them. ...
I do better on diagonals than anything, they are pretty forgiving. I don't always diagonalize, though. I just did a bull put spread on HLF, 9/20 $40/$45 for $1.22/2.08, $0.86 credit. Wanted to get in this AM for like $1.20 but couldn't find time.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,319
  • Aug 8, 2014 12:58pm Aug 8, 2014 12:58pm
Quoting StrayDog
Thinking also on strangles for JCP, CSCO... and IC for WMT. KING will probably move big... does not have weeklys, but thats fine in this case...
I rolled out of my prior CSCO IC at big loss, need to hit the books on how to trade those. I am left with 8/8 $26.50c for $0.08 credit, 8/22 $26.00c for $0.32 debit, may add another put condor pre ER, may not....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,320
  • Aug 8, 2014 1:21pm Aug 8, 2014 1:21pm
Quoting Cecil Gee
{quote} priceline is one of three stocks out there than can make your year regardless how small our accounts are, we just need to wait for that perfect set up on a friday
What are the other two?

On PCLN I was thinking of IC right on the edges of estimated move. The so called "Chicken Iron Condor"... like 1195/1200 + 1350/1355 Aug15 ... for $2.10 credit.
But no IC can make my year so you are probably thinking of something else. Did not enter any day trade with weeklies for some time. Missed TSLA today, which I like to trade.
Hope is dangerous in this game.
7 traders viewing now, 1 is registered:
The Fool