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Let's Trade Options

  • #4,741
  • Sep 9, 2014 12:13pm Sep 9, 2014 12:13pm
Quoting Cecil Gee
{quote} from a sharp rise to a high of 100.68 apple falls back to 99.73, the above could still be on


Apple Inc. (AAPL)
-NasdaqGS
99.05 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.69(0.70%) 18:12 - Nasdaq Real Time Price
  • #4,742
  • Sep 9, 2014 12:34pm Sep 9, 2014 12:34pm
Quoting Cecil Gee
{quote} Apple Inc. (AAPL) -NasdaqGS 99.05 {image} 0.69(0.70%) 18:12 - Nasdaq Real Time Price
apple back above 100, so forget those puts , note to my self
  • #4,743
  • Sep 9, 2014 12:37pm Sep 9, 2014 12:37pm
Quoting Cecil Gee
{quote} apple back above 100, so forget those puts , note to my self
have to wait until IV drops on apple to make any trade, being priced out
  • #4,744
  • Sep 9, 2014 12:37pm Sep 9, 2014 12:37pm
Quoting Cecil Gee
{quote} from a sharp rise to a high of 100.68 apple falls back to 99.73, the above could still be on
Re AAPL and IV crush.

15 min before event, price of AAPL was around $100... I looked at 94/106 Sep12 short strangle. It was around $0.67 credit.
Now, 50 minutes later, AAPL is again around $100, and that same strangle is about $0.40 credit.

The value of the strangle of course didn't go down in straight line, it was up to $0.82, down to $0.45, up to $0.55... and so on...

Edit: 60 minutes later, it is $0.34 credit.... or a 50% winner baby. Just don't leave your cojones at piano, use it...
Edit 2: this will probably expire worthless...
Hope is dangerous in this game.
  • #4,745
  • Sep 9, 2014 12:41pm Sep 9, 2014 12:41pm
Quoting StrayDog
But instead of that IC, I will rather go with 46/48 + 54/56 for $0.78 or $0.79 credit... IMO better risk/reward
Hehe... Another option rookie with same idea recycle. Will leave EWZ and all other trades for the time when I get back from vacation.

Attached Image
Hope is dangerous in this game.
  • #4,746
  • Sep 9, 2014 1:17pm Sep 9, 2014 1:17pm
Quoting StrayDog
{quote} Hehe... Another option rookie with same idea recycle. Will leave EWZ and all other trades for the time when I get back from vacation. {image}
EWZ is being juiced up by impending (10/5) Brazilian general elections. Even though Brazil's economy is in recession, the BOVESPA has been running up on the expectation that Dilma Rousseff would be ousted. But in the last week it's been seen that she's ahead in the polls, so Brazilian stocks have been pulling back. Then you have someting like VALE, sunk on the weakness in the iron ore trade, and PBR, weighed down by USD strength.

But cheap money (super low rates) in US and eurozone should continue, fueling emerging markets equities increase all over. So whatcha gonna do?

Maybe buy cheap otm Yahoo calls on the little dip?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,747
  • Sep 9, 2014 2:11pm Sep 9, 2014 2:11pm
Quoting Cecil Gee
{quote} apple back above 100, so forget those puts , note to my self
aaple below 99, what a ride. I have taken a somewhat bull put spread or vertical , long $99 put and wrote $97 put.

debit was 46c I actually got a better fill for Fridays expiration. AS i WROTE PRICE DROPPED!!!

Apple Inc. (AAPL)
-NasdaqGS
96.84 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 1.52(1.55%) 20:07 - Nasdaq Real Time Price

Apple Inc. (AAPL)
-NasdaqGS
96.84 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 1.52(1.55%) 20:07 - Nasdaq Real Time Price

AAPL Sep 2014 99.000 put (AAPL140912P00099000)
-OPR
1.04 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 1.40(57.38%) 19:48

AAPL Sep 2014 97.000 put (AAPL140912P00097000)
-OPR
0.53 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.97(64.67%) 19:52
  • #4,748
  • Sep 9, 2014 2:13pm Sep 9, 2014 2:13pm
Quoting Cecil Gee
{quote} aaple below 99, what a ride. I have taken a somewhat bull put spread or vertical , long $99 put and wrote $97 put. debit was 46c I actually got a better fill for Fridays expiration. AS i WROTE PRICE DROPPED!!! Apple Inc. (AAPL) -NasdaqGS 96.84 {image} 1.52(1.55%) 20:07 - Nasdaq Real Time Price Apple Inc. (AAPL) -NasdaqGS 96.84 {image} 1.52(1.55%) 20:07 - Nasdaq Real Time Price AAPL Sep 2014 99.000 put (AAPL140912P00099000) -OPR 1.04 {image} 1.40(57.38%) 19:48 AAPL Sep 2014 97.000 put (AAPL140912P00097000) -OPR 0.53 {image} 0.97(64.67%) 19:52...
DAMN, I could of made more than I did had I gone wider but still made over 130% in minutes
  • #4,749
  • Sep 9, 2014 2:28pm Sep 9, 2014 2:28pm
Quoting Cecil Gee
{quote} DAMN, I could of made more than I did had I gone wider but still made over 130% in minutes
Fantastic job CG! Good judgement and reflexes.
Hope is dangerous in this game.
  • #4,750
  • Sep 9, 2014 2:32pm Sep 9, 2014 2:32pm
I showed this daily channel on AAPL before... look at todays candle, it tested both lines

Attached Image (click to enlarge)
Click to Enlarge Name: aapl_d.png Size: 30 KB
Hope is dangerous in this game.
  • #4,751
  • Sep 9, 2014 2:49pm Sep 9, 2014 2:49pm
Quoting StrayDog
{quote} Fantastic job CG! Good judgement and reflexes.
thx, I'm in again but gone slightly longer as in time frame, post the trade in a short while
  • #4,752
  • Sep 9, 2014 2:57pm Sep 9, 2014 2:57pm
Quoting Cecil Gee
{quote} thx, I'm in again but gone slightly longer as in time frame, post the trade in a short while
ok my new trade on AAPLE again for 26 SEP expiration long 98 put write 96 put debit paid was 70c. I'm expecting to hold till expiration.

current price is below when I entered it was 98.44

Apple Inc. (AAPL)
-NasdaqGS
98.03 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.33(0.34%) 20:56 - Nasdaq Real Time Price

AAPL Sep 2014 98.000 put (AAPL140926P00098000)
-OPR
1.94 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.73(27.34%) 8:35PM GMT+01:00

AAPL Sep 2014 96.000 put (AAPL140926P00096000)
-OPR
1.21 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.60(33.15%) 20:35
  • #4,753
  • Sep 9, 2014 2:58pm Sep 9, 2014 2:58pm
Quoting cecil gee
{quote} ok my new trade on aaple again for 26 sep expiration long 98 put write 96 put debit paid was 70c. i'm expecting to hold till expiration. Current price is below when i entered it was 98.44 apple inc. (aapl) -nasdaqgs 98.03 {image} 0.33(0.34%) 20:56 - nasdaq real time price aapl sep 2014 98.000 put (aapl140926p00098000) -opr 1.94 {image} 0.73(27.34%) 8:35pm gmt+01:00 aapl sep 2014 96.000 put (aapl140926p00096000) -opr 1.21 {image} 0.60(33.15%) 20:35
not hold to expiration
  • #4,754
  • Sep 9, 2014 3:02pm Sep 9, 2014 3:02pm
Quoting StrayDog
{quote} Hehe... Another option rookie with same idea recycle. Will leave EWZ and all other trades for the time when I get back from vacation. {image}
Waitinfg for a little bounce on EWZ from todays close then I may enter a vertical put spread
  • #4,755
  • Sep 9, 2014 3:22pm Sep 9, 2014 3:22pm
Quoting Cecil Gee
{quote} DAMN, I could of made more than I did had I gone wider but still made over 130% in minutes
way to shoot way to be, CG. One of these days I will be back to solid desk time & will be able to scalp a few....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,756
  • Sep 9, 2014 6:17pm Sep 9, 2014 6:17pm
Hello I'm new to options and would like to learn a lot. For a beginner, what option book would you recommend me to start with?
I need to learn all I can . I'm aware of call and put options but need more knowledge then that. Please help thanks.
  • #4,757
  • Sep 9, 2014 7:35pm Sep 9, 2014 7:35pm
Quoting Cotx-325
Hello I'm new to options and would like to learn a lot. For a beginner, what option book would you recommend me to start with? I need to learn all I can . I'm aware of call and put options but need more knowledge then that. Please help thanks.
https://www.tastytrade.com/tt/learn?locale=en-US

http://www.cboe.com/LearnCenter/
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,758
  • Edited 11:01pm Sep 9, 2014 10:35pm | Edited 11:01pm
I have only occasionally traded cable or sterling in any way & I am generally ignorant about British economic issues. But the impending Scottish secession (?) vote (and steep drop in cable) is impossible to ignore. If Scotland doesn't go, the pound will bounce, no? - how to trade that (likely) possibility?

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,759
  • Sep 9, 2014 10:57pm Sep 9, 2014 10:57pm
EWU has good share volume itself but the options are thin. I guess I might consider something there but I'll wait and see: the election is 9/18 & the pound might fall further on any poll news, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-09_ewu.png Size: 93 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,760
  • Sep 9, 2014 11:45pm Sep 9, 2014 11:45pm
BABA shares start trading 9/19

http://finance.yahoo.com/news/alibab...170002324.html
"If The Fool persists in his Folly he will become wise." - William Blake
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