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  • #4,881
  • Sep 22, 2014 4:12am Sep 22, 2014 4:12am
Hi guys!
I am back from holiday, did not look at the markets at all for a week... I had a GTC order to close my YHOO 35/37 Oct bull put spreads, and it was taken on Friday. I sold them for $0.65, and GTC order was to close at $0.20... I read all of your posts, and now I will look at charts and read remaining e-mails. When I arrived from vacay there was 250+ emails . I will start slow this week.

Possibly interesting earnings this week:
Attached Image


Quoting njr
{quote} If you want to look at selling options and receiving the premium from this, the Tasty Trade site that The Fool suggested is great. In terms of reading material for options selling, one of the best books I found was this: http://www.amazon.com/s/?url=search-...+Michael+Gross The principles in this book can be applied to any asset class (indexes, currencies, commodities, etc).... Welcome to the exciting (and highly...
I have found that book here
http://en.bookfi.org/book/665102
there you can download a PDF... small file, but download was super slow, like 15 kbs/sec
Hope is dangerous in this game.
  • #4,882
  • Sep 22, 2014 4:17am Sep 22, 2014 4:17am


Attached Image
Hope is dangerous in this game.
  • #4,883
  • Sep 22, 2014 6:50am Sep 22, 2014 6:50am
Quoting The Fool
iron....steel....VALE http://finance.yahoo.com/news/bumps-...113001333.html China stimulus, positive Brazil election results by end of October....buy VALE calls {image}
VALE at a multi-year low....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,884
  • Sep 22, 2014 6:51am Sep 22, 2014 6:51am
hey, welcome back StrayDog, hope you had a great time away
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,885
  • Sep 22, 2014 7:26am Sep 22, 2014 7:26am
Quoting The Fool
hey, welcome back StrayDog, hope you had a great time away
It was nice, we will prolly travel to Turkey again next year... children friendly, good food. Very warm sea for September. There was 2 bad days with rain, but my daughter was sick during these days... some 3 day virus thing. It was in the middle of our stay. Just to see her so happy swimming was worthy. She memorised the path from hotel to the beach in seconds. Everything is subordinated to Russian tourists, you can see signs in russian everywhere... but plenty of tourist from western Europe also.
Hope is dangerous in this game.
  • #4,886
  • Sep 22, 2014 7:29am Sep 22, 2014 7:29am
Quoting The Fool
{quote} I don't think there will be much upside for EWZ before the elections. There will be uncertainty until the votes are in, or Dilma will be shown ahead in pre-election polls, or the polls will show a race too close to call, but any of these are going to weigh on the Brazilian stocks. I am seeing implied volatility spiking, so I will sell a bearish vertical call spread on Monday for the 10/3 expiration. Probably $50/$52 for a $0.30 credit if I can get it.
EWZ dropping today, down $1.31, still looking here...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,887
  • Sep 22, 2014 7:40am Sep 22, 2014 7:40am
I did a 10/3 UVXY bull put spread this morning, $19/22 - a $0.60 credit...looking for volatility to stay up this week, or at least not make any new lows. All-time (last Friday) low for UVXY $22.22....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,888
  • Sep 22, 2014 7:46am Sep 22, 2014 7:46am
Quoting The Fool
{quote} I had 4 of those $36/$38 (one a $36.50/$38.50) bull put spreads, 2 expired today and 2 more 9/26. A pretty easy trade (knock on wood) and I'll likely be done with YHOO m/l, not sure if it will do all the upside everyone has been chattering about.
YHOO dropping like a brick, I might have to roll down $38 short calls, expiry 9/26...it might go all the way to $36 this week...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,889
  • Sep 22, 2014 8:07am Sep 22, 2014 8:07am
Quoting The Fool
{quote} YHOO dropping like a brick, I might have to roll down $38 short calls, expiry 9/26...it might go all the way to $36 this week...
NASDAQ and it tech stocks looks to be in for a correction or is it just a minor pullback, look at QQQ/FB/TWTR/NFLX etc. All have downside divergenence
  • #4,890
  • Sep 22, 2014 8:15am Sep 22, 2014 8:15am
Quoting Cecil Gee
{quote} I've rolled into next weeks $23 call on GDX, SEP 26 EXP for 19c plus 7c I paid for the above trade so I'm still in this Market Vectors Gold Miners ETF (GDX) -NYSEArca 22.66 {image} 0.47(2.03%) 20:45 - Nasdaq Real Time Price
I'm adding more long GDX contracts to the one I already have $23 calls for 7c, averaging out to 16c

GDX Sep 2014 23.000 call (GDX140926C00023000)
-OPR
0.07 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.11(61.11%) 15:59
  • #4,891
  • Sep 22, 2014 8:18am Sep 22, 2014 8:18am
Quoting The Fool
{quote} YHOO dropping like a brick, I might have to roll down $38 short calls, expiry 9/26...it might go all the way to $36 this week...
closed the $38 short put for $0.25 net, inna hole $0.20 on the $36 long - YHOO could get there this week, we'll see
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,892
  • Sep 22, 2014 9:59am Sep 22, 2014 9:59am
Quoting The Fool
{quote} closed the $38 short put for $0.25 net, inna hole $0.20 on the $36 long - YHOO could get there this week, we'll see
At the open today I had idea of a YHOO put debit spread 39/37 for this week expiry... it could get filled for ~$0.50. It trades now for bid 0.68 / ask 0.71... but I had to get out and do something else, and was reluctant to get back to action so soon. Never mind. So many opportunities on this stock...

I was thinking about pre-earnings trade on BBRY, like 11/12 or 11/12.50 debit call spreads... Often price goes up until earnings, especially in cheap stocks where people expecting some kind of big comeback... (like JCP a few times before). Maybe enter now and exit on Thursday before market closes. IV will increase even more, now is about 120% for this week options. So, catch a rise in IV and possibly a rise of price, but reducing costs by buying a spread... Hm...
Hope is dangerous in this game.
  • #4,893
  • Sep 22, 2014 10:27am Sep 22, 2014 10:27am
Just killing time...

Put/Call Open Interest and Volume

tastytrade team Mythbusters style...
Hope is dangerous in this game.
  • #4,894
  • Sep 22, 2014 11:01am Sep 22, 2014 11:01am
Quoting StrayDog
{quote} At the open today I had idea of a YHOO put debit spread 39/37 for this week expiry... it could get filled for ~$0.50. It trades now for bid 0.68 / ask 0.71... but I had to get out and do something else, and was reluctant to get back to action so soon. Never mind. So many opportunities on this stock... ..
Yep, big brouhaha around YHOO. Alibaba okay'd more share sales today (green shoe) and so YHOO proxy holders keep selling. Big crowd of long call bag holders. I need sub-$38 today....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,895
  • Sep 22, 2014 7:06pm Sep 22, 2014 7:06pm
Quoting The Fool
{quote} I don't think there will be much upside for EWZ before the elections. There will be uncertainty until the votes are in, or Dilma will be shown ahead in pre-election polls, or the polls will show a race too close to call, but any of these are going to weigh on the Brazilian stocks. I am seeing implied volatility spiking, so I will sell a bearish vertical call spread on Monday for the 10/3 expiration. Probably $50/$52 for a $0.30 credit if I can get it.
need 10/3 $49/$52 to get $0.30, still a good trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-22_EWZ.png Size: 322 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,896
  • Sep 22, 2014 7:28pm Sep 22, 2014 7:28pm
Quoting The Fool
need 10/3 $49/$52 to get $0.30, still a good trade
iv spiking, might make more sense to look out 10/10 & catch the post-election crash
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-22_ewztos.png Size: 104 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,897
  • Sep 22, 2014 8:11pm Sep 22, 2014 8:11pm
HLF spiked down >10% today. Previous drops have bounced. An Oct bull put spread might have a good chance - maybe the $30/$25 for $0.80/$0.56, $0.24 credit....but spreads suck...I will look for better trades
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-22_hlf.png Size: 107 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,898
  • Sep 22, 2014 11:34pm Sep 22, 2014 11:34pm
Quoting The Fool
need 10/3 $49/$52 to get $0.30, still a good trade
trying to catch a post-election surge still appealing to me, but I think EWZ may be weighed down long term by strong USD, weak commodity prices, threat of rising rates in the US. But a big change after the elections could break EWZ back to the summer highs anyway...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-22_ewz.png Size: 331 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,899
  • Sep 23, 2014 5:31am Sep 23, 2014 5:31am
Quoting Cecil Gee
{quote} I'm adding more long GDX contracts to the one I already have $23 calls for 7c, averaging out to 16c GDX Sep 2014 23.000 call (GDX140926C00023000) -OPR 0.07 {image} 0.11(61.11%) 15:59
gold catching a nice rise today, GDX will follow, $23 maybe - good luck Cecil
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,900
  • Sep 23, 2014 5:51am Sep 23, 2014 5:51am
Quoting The Fool
{quote} iv spiking, might make more sense to look out 10/10 & catch the post-election crash {image}
I think that is a good idea, Oct10 expiry. I just did not follow much about predictions of after election effects to the market depending on which candidate win, but since the IV rank is at 100, maybe some wide IC would provide enough credit... will look into it later. But IV crush on Monday Oct6 is something that will happen.

Edit:
Also, maybe the best timing would be to enter an IC or some credit spreads with Oct10 options on Friday Oct3, and exit on Monday?
Hope is dangerous in this game.
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