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Let's Trade Options

  • #4,621
  • Aug 28, 2014 9:10am Aug 28, 2014 9:10am
Quoting StrayDog
Can we please just go over 13... {image}
If this is like other Ukraine crises, the VIX pop will be short-lived. But with a long weekend coming up - and after the persistent bull stretch, equities may sell off today and tomorrow both.

I can't complain, my UVXY spreads benefit, only my TLT spread is threatened with TLT up day after day...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,622
  • Aug 28, 2014 9:22am Aug 28, 2014 9:22am
nice thing about spreading on VIX options - if I catch a spike I may get out of the short leg at net gain and then get to sell another leg if/when the spike comes back down. I am trying to buy back the $20 short puts for $0.30 today...
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,623
  • Aug 28, 2014 12:53pm Aug 28, 2014 12:53pm
Quoting Cecil Gee
{quote} took the trade a little while ago, I am long puts on GDX $26 FOR 9C. GDX is trading $26.23 at the moment GDX Aug 2014 26.000 put (GDX140829P00026000) -OPR 0.09 {image} 0.06(40.00%) 19:07
looks like they stuck it to me on this GDX trade, will lose out on this one
  • #4,624
  • Aug 28, 2014 2:57pm Aug 28, 2014 2:57pm
Quoting Cecil Gee
looking at GOOGLE to give me a gamma scalp for Fridays expiration, only puts, I'm eyeing up $570 puts for 10c or under if we finish under 581 and open under there tomorrow
tempted to take $577.50 put, will wait until tomorrow so my cost is small should we trade below 580

Google Inc. (GOOGL)
-NasdaqGS
579.54 https://s.yimg.com/os/mit/media/m/ba...nt-1093278.png 3.46(0.59%) 20:55 - Nasdaq Real Time Price
  • #4,625
  • Aug 29, 2014 1:07am Aug 29, 2014 1:07am
http://news.yahoo.com/exclusive-morg...lkA1NNRTU4OV8x

http://video.cnbc.com/gallery/?video...o%7c&par=yahoo#.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2014-08-28_ungb.png Size: 49 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,626
  • Aug 29, 2014 8:48am Aug 29, 2014 8:48am
Quoting Cecil Gee
{quote} tempted to take $577.50 put, will wait until tomorrow so my cost is small should we trade below 580 Google Inc. (GOOGL) -NasdaqGS 579.54 {image} 3.46(0.59%) 20:55 - Nasdaq Real Time Price
I did a trade on TSLA... calls for today expiration.
Since it got good news in premarket about building supercharger stations in China... I had an idea it would continue to rise in RTH.... but I did a lousy job for closing. TSLA breached ATH, and wanted to either buy a cheap OTM call right at the open, OR wait for small pullback and then buy. I was expecting pullback to 267, but that did not happened. I tried to buy at open, but had no luck, and then bought few contracts of 275 call for $0.32... closed for $0.37 ...

Could get $0.50 for it, but I can see now are they $0.17 Yeah... that scalping thing...
Hope is dangerous in this game.
  • #4,627
  • Aug 29, 2014 8:58am Aug 29, 2014 8:58am
Quoting StrayDog
{quote} I did a trade on TSLA... calls for today expiration. Since it got good news in premarket about building supercharger stations in China... I had an idea it would continue to rise in RTH.... but I did a lousy job for closing. TSLA breached ATH, and wanted to either buy a cheap OTM call right at the open, OR wait for small pullback and then buy. I was expecting pullback to 267, but that did not happened. I tried to buy at open, but had no luck, and then bought few contracts of 275 call for $0.32... closed...
275 is too far OTM, good thing you closed
  • #4,628
  • Aug 29, 2014 9:09am Aug 29, 2014 9:09am
Quoting Cecil Gee
{quote} 275 is too far OTM, good thing you closed
Yes I know... just had luck to exploit initial craziness, otherwise a stupid trade. 270 calls was the right choice. Someone bought at $0.76 fast after open, and later it was $2.00... just a few minutes later
Hope is dangerous in this game.
  • #4,629
  • Aug 29, 2014 9:13am Aug 29, 2014 9:13am
Quoting Cecil Gee
{quote} tempted to take $577.50 put, will wait until tomorrow so my cost is small should we trade below 580 Google Inc. (GOOGL) -NasdaqGS 579.54 {image} 3.46(0.59%) 20:55 - Nasdaq Real Time Price
I took the TRADE 10
  • #4,630
  • Aug 29, 2014 9:15am Aug 29, 2014 9:15am
Quoting StrayDog
{quote} Yes I know... just had luck to exploit initial craziness, otherwise a stupid trade. 270 calls was the right choice. Someone bought at $0.76 fast after open, and later it was $2.00... just a few minutes later
Expensive stocks like that consider bull spreads or put spreads, reduce your costs
  • #4,631
  • Aug 29, 2014 12:41pm Aug 29, 2014 12:41pm
Hope everyone has had a good week and a good month. I've had better, but I can't complain. Next week we should see some volatility. ECB & NFP. Today's EUR action suggests Draghi will come through with something, but we'll see. EUR might catch a good bounce if not.

I am in lots of SPY/SSO, UVXY, TLT spreads as noted above, all are helped by time decay over a long weekend, I will try not to think about trading for a few days.

Have some nice time away ya'll...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,632
  • Aug 29, 2014 1:56pm Aug 29, 2014 1:56pm
Quoting The Fool
Hope everyone has had a good week and a good month. I've had better, but I can't complain.
Yeah, I had better also... but I learned a lot this month, so I am satisfied with that.

Quoting The Fool
Next week we should see some volatility. ECB & NFP.
I hope so.

Quoting The Fool
Have some nice time away ya'll...
Thanks. You too TF. I hope the weather would be nice, maybe I'll just go fishing.
Hope is dangerous in this game.
  • #4,633
  • Aug 29, 2014 6:17pm Aug 29, 2014 6:17pm
sometimes, I make mistakes.

http://finance.yahoo.com/news/exclus...192159272.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,634
  • Aug 29, 2014 6:21pm Aug 29, 2014 6:21pm
Check out the put vs call volume in the HYG Oct strikes. Almost no calls, much more puts. What do you think it means?
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,635
  • Aug 29, 2014 6:59pm Aug 29, 2014 6:59pm
Quoting The Fool
Check out the put vs call volume in the HYG Oct strikes. Almost no calls, much more puts. What do you think it means? {image}
It's gonna go through the roof ?
Hear the music before the song is over ...
  • #4,636
  • Aug 29, 2014 6:59pm Aug 29, 2014 6:59pm
Quoting The Fool
Check out the put vs call volume in the HYG Oct strikes. Almost no calls, much more puts. What do you think it means? {image}
looking at that chart, I guess there selling puts
  • #4,637
  • Aug 29, 2014 7:00pm Aug 29, 2014 7:00pm
Quoting GlobalMacro
{quote} It's gonna go through the roof ?
nice
  • #4,638
  • Aug 29, 2014 10:31pm Aug 29, 2014 10:31pm
HYG profile:

Fund Summary
The investment seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the "underlying index"), which is a rules-based index consisting of liquid U.S. dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. It generally invests at least 90% of its assets in the securities of the underlying index and in investments that provide substantially similar exposure to the securities in the underlying index.

about the index: www.markit.com/assets/en/docs/fact-sheets/MKT_iBoxx_USD...

HYG is an ETF based on high-yield, sub-investment grade corporate bonds. So, high risk bonds.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,639
  • Aug 29, 2014 10:34pm Aug 29, 2014 10:34pm
http://finance.yahoo.com/news/hedge-...133045167.html

" “You can make a lot of money from buying things when ETFs blindly sell them, and you have seen increasing numbers of portfolio managers doing this,” Ashish Shah, head of global credit investment at AllianceBernstein, said in the article. “That’s the reason why the high-yield market has come back so quickly.” [Junk Bond ETFs Say Return to me; Investors Listen]

Consequently, market observers argue that we will likely experience increased bouts of volatility ahead as more investors try to capitalize on selling pressure in an illiquid market. "
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,640
  • Aug 29, 2014 10:46pm Aug 29, 2014 10:46pm
HYG sold off hard in July and bounced back in August, pretty much for the reasons suggested in the article above. The large overhang in Oct puts looks like a bet that what happened in July will recur in Sept-Oct. Taking a broader view, it could be a bet that the bond market will sell off, generally. The high-yield, high-risk is the first part of that market that would sell off, and there is a brewing expectation that the end of the taper and increasing FedHead talk about a funds rate increase will negatively impact the bond market.

HYG is an interesting etf, sometimes has some of the top options volume daily trade, but I have never traded it. Yet.
"If The Fool persists in his Folly he will become wise." - William Blake
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