Let's Trade Options | Page 220 | 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

  • #4,381
  • Aug 12, 2014 3:06am Aug 12, 2014 3:06am
Quoting The Fool
{quote} just scrolled thru first 20 pages, looking for the trader StrayDog was trying to recall. ....
Found it. I actually copy/paste that and other two posts of the same guy into the Word doc.
It is on page 49, post 965.

http://www.forexfactory.com/showthre...18#post6796218
Hope is dangerous in this game.
  • #4,382
  • Aug 12, 2014 9:12am Aug 12, 2014 9:12am
Thanks, StrayDog - I'm with moneyflow2me on the spread thing. Verticals and diagonals is the meat of what I do, I rarely even leg into them anymore....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,383
  • Aug 12, 2014 9:22am Aug 12, 2014 9:22am
Hey TF,

What earnings calendar do you use? I am using Yahoo Earnings calendar and then cross check with Nasdaq calendar

Here is what is interesting in next week IMO, U/Ls with tradeable options.
Attached Image


Data is from Yhoo, but dates on YOKU and QIHU are diferent on Nasdaq.
Hope is dangerous in this game.
  • #4,384
  • Aug 12, 2014 9:37am Aug 12, 2014 9:37am
I usually scan the Yahoo earnings list.

I'm getting away from playing the ER's, though.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,385
  • Aug 12, 2014 10:28am Aug 12, 2014 10:28am
Quoting StrayDog
Hey TF, What earnings calendar do you use? I am using Yahoo Earnings calendar and then cross check with Nasdaq calendar Here is what is interesting in next week IMO, U/Ls with tradeable options. {image} Data is from Yhoo, but dates on YOKU and QIHU are diferent on Nasdaq.
try this

http://www.earningswhispers.com/calendar.asp
  • #4,386
  • Aug 12, 2014 10:34am Aug 12, 2014 10:34am
love to see that VIX above 15 then I would have more confidence when placing some puts on SPY and QQQ later near the close unless we bounce again
  • #4,387
  • Aug 12, 2014 10:52am Aug 12, 2014 10:52am
Quoting Cecil Gee
love to see that VIX above 15 then I would have more confidence when placing some puts on SPY and QQQ later near the close unless we bounce again
this below is the S/P LONG OTM BUTTERFLY PUT I'm planning on doing a little later should price stay in the negative, there a good r/r on this with almost 1000% profit should it work out.

long SPY$193 put
short 2 spy $189 put
long 1 SPY $185 put all 22 August expiry

Estimated returns
SPY at $193.41 on 12th Aug 2014
Initial outlay: $34 (net debit)
Maximum risk: $35 at a price of $202.50 on days 0, 3-4
Maximum return: $366 at a price of $189 at expiry
Breakevens at expiry: $192.70, $185.30
  • #4,388
  • Aug 12, 2014 12:00pm Aug 12, 2014 12:00pm
Hey Cecil.

I am reading about OTM Butterflies. Interesting stuff. This is a good article:
Using directional butterfly spreads to express an opinion

In my opinion, if a trader have some skills in tech analysys, and not just relying on statistics from the platform, then he can make money on variety of different strategies... directional, non-directional, buying, selling., etc... I like verticals because I dont have to monitor them every second. But I have all the time in the world for trading, so I will apply just about every strategy that I learn. Looking forward to trade butterflies. If trader has a good idea, and that comes from a chart and fundamentals, then the low statistics of POP that butterflies usually present are not that low after all. (well thats one complicated sentence, hope u understand what I mean)

This is that OTM put butterfly?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 12.8.2014 , 18_58_13.png Size: 96 KB
Hope is dangerous in this game.
  • #4,389
  • Aug 12, 2014 12:05pm Aug 12, 2014 12:05pm
Quoting StrayDog
I like verticals because I dont have to monitor them every second. But I have all the time in the world for trading, so I will apply just about every strategy that I learn. Looking forward to trade butterflies. If trader has a good idea, and that comes from a chart and fundamentals, then the low statistics of POP that butterflies usually present are not that low after all. (well thats one complicated sentence, hope u understand what I mean) This is that OTM put butterfly? {image}
I want to do an "optimized" curve fit type study for some of the most liquid verticals SPY, TLT, etc - as the tastytrade guys did for the /ES in the vids above. Looking at how to do that in ToS....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,390
  • Aug 12, 2014 12:11pm Aug 12, 2014 12:11pm
Quoting StrayDog
Hey Cecil. I am reading about OTM Butterflies. Interesting stuff. This is a good article: Using directional butterfly spreads to express an opinion In my opinion, if a trader have some skills in tech analysys, and not just relying on statistics from the platform, then he can make money on variety of different strategies... directional, non-directional, buying, selling., etc... I like verticals because I dont have to monitor them every second. But...
i understand, i have not used dough as of yet but may in the future. If your a trader that likes to chart then you will probably do well utilising various strategies as your analysis will be subjective

OTM butterflies allow you to trade directionally with good r/r
  • #4,391
  • Aug 12, 2014 12:38pm Aug 12, 2014 12:38pm
S.D. could you do OTM put butterfly on that dough for me if you the time, just want to compare there POP percentage

long 1- 94.50 put
short 2- 92.50 puts
long 1 - 90.50 put

all for 22 august expiration... thank you
  • #4,392
  • Aug 12, 2014 1:10pm Aug 12, 2014 1:10pm
Quoting Cecil Gee
S.D. could you do OTM put butterfly on that dough for me if you the time, just want to compare there POP percentage long 1- 94.50 put short 2- 92.50 puts long 1 - 90.50 put all for 22 august expiration... thank you
I reckon you are thinking about QQQ, am I right? Anyways here it is, I did not saw your post, since I am watching some tastytrade vids.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 12.8.2014 , 20_09_19.png Size: 94 KB
Hope is dangerous in this game.
  • #4,393
  • Aug 12, 2014 1:21pm Aug 12, 2014 1:21pm
Interesting idea

Attached Image
Hope is dangerous in this game.
  • #4,394
  • Aug 12, 2014 1:30pm Aug 12, 2014 1:30pm
I'd been thinking about playing spreads on a VIX bottom, too. CSCO looks like they will pin it @ $25.00 for the ER tomorrow.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,395
  • Aug 12, 2014 1:44pm Aug 12, 2014 1:44pm
Quoting The Fool
... CSCO looks like they will pin it @ $25.00 for the ER tomorrow.
looks like it... and then explosion, we hope
Hope is dangerous in this game.
  • #4,396
  • Aug 12, 2014 1:50pm Aug 12, 2014 1:50pm
Watching TLT dip nearly $2.00 since last Friday. I'm sitting on some TLT bull put spreads, 9/5 $112.59 on 10/20 $111 could be trouble if TLT decides to keep sliding. There's a 30y bond auction on Thursday that will show the way. Many been waiting long time for the long bond to fall.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,397
  • Aug 12, 2014 2:02pm Aug 12, 2014 2:02pm
Quoting StrayDog
{quote} I reckon you are thinking about QQQ, am I right? Anyways here it is, I did not saw your post, since I am watching some tastytrade vids. {image}
yes QQQ, THX i'll be doing it
  • #4,398
  • Aug 12, 2014 2:04pm Aug 12, 2014 2:04pm
Quoting StrayDog
Interesting idea {image}
they must be expecting the market to taper off
  • #4,399
  • Aug 12, 2014 2:08pm Aug 12, 2014 2:08pm
Any how that VIX closes above 15.10 today or more likely tomorrow, I'm thinking it may hit 19/20 by the end of next week
  • #4,400
  • Aug 12, 2014 2:11pm Aug 12, 2014 2:11pm
Quoting Cecil Gee
{quote} yes QQQ, THX i'll be doing it
I am with you on this one, CG. Got filled @ $0.30... I just bought 2 of those flies, for my first trade. I think better learning process from expirience is when you trade small on live acc, rather then just buy 1,000 of them on paper trading acc.

Got filled for $0.30 debit as follows:
90.5 put for $0.11 debit
92.5 puts for $ 0.26 credit
94.5 put for $0.71 debit
Hope is dangerous in this game.
4 traders viewing now