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Let's Trade Options

  • #5,221
  • Oct 8, 2014 12:41pm Oct 8, 2014 12:41pm
with AAPL earnings out 10/20 I am looking at doing a bear call credit spread for 10/18 - I don't think AAPL will run up much over $100 pre-ER
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,222
  • Oct 8, 2014 12:45pm Oct 8, 2014 12:45pm
Quoting The Fool
with AAPL earnings out 10/20 I am looking at doing a bear call credit spread for 10/18 - I don't think AAPL will run up much over $100 pre-ER
http://www.latimes.com/business/tech...008-story.html

well, maybe not...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,223
  • Oct 8, 2014 12:50pm Oct 8, 2014 12:50pm
Quoting The Fool
{quote} I think FOMC minutes will be m/l a non-event. But I could be wrong about that - teetery markets might seize upon any additional hawkish tone and sell off more. I am in a IWM spread - Nov $105 short put/Dec $103 long put. In good profit now but could do better if IWM stays above $105 into next week but continues downtrend towards $103 thereafter. Earnings will show the way...
http://blogs.wsj.com/economics/2014/...eting-minutes/

Key phrases people will be looking for....

“Significant Underutilization”
“Considerable Time”
  • #5,224
  • Oct 8, 2014 12:52pm Oct 8, 2014 12:52pm
Quoting Cecil Gee
{quote} took the long put trade on AAPL for Fridays expiration. long $98 put for 38c and AAPL price I got in was for 98.95 Apple Inc. (AAPL) -NasdaqGS 98.95 {image} 0.67(0.67%) 20:16 - Nasdaq Real Time Price AAPL Oct 2014 98.000 put (AAPL141010P00098000) -OPR 0.38 {image} 0.06(18.75%)
forced to take the call side $100 call for 32c making this and the above into a strangle long trade

AAPL Oct 2014 100.000 call (AAPL141010C00100000)
-OPR
0.32 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.01(3.03%) 18:34
  • #5,225
  • Oct 8, 2014 1:02pm Oct 8, 2014 1:02pm
And buy-the-dippers are riding AGAIN... anybody surprised?
Hope is dangerous in this game.
  • #5,226
  • Oct 8, 2014 1:04pm Oct 8, 2014 1:04pm
Quoting njr
{quote} http://blogs.wsj.com/economics/2014/...eting-minutes/ Key phrases people will be looking for.... “Significant Underutilization” “Considerable Time”
http://www.zerohedge.com/news/2014-1...-misunderstood
  • #5,227
  • Edited 2:35pm Oct 8, 2014 1:41pm | Edited 2:35pm
Quoting StrayDog
And buy-the-dippers are riding AGAIN... anybody surprised?
not. Dovish Fed whacked my IWM bear put spread. But sucked some of the i.v. out of EWZ Nov calls, so my calendars are all looking better. Whacked fiber, too - glad I bailed on EUO puts days ago when it touched $1.25.

Long stretch til the next FOMC and the death of the Tapir....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,228
  • Oct 8, 2014 1:58pm Oct 8, 2014 1:58pm
Quoting The Fool
Long stretch til the next FOMC and the death of the Tapir....
yup, not til 10/29...oh wait, I see IMF has meetings this weekend - maybe Christine will say bad words about the frothy stock markets......yawn.....guess I better dust off my long call strategeries....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,229
  • Oct 8, 2014 2:00pm Oct 8, 2014 2:00pm
Quoting Cecil Gee
{quote} forced to take the call side $100 call for 32c making this and the above into a strangle long trade AAPL Oct 2014 100.000 call (AAPL141010C00100000) -OPR 0.32 {image} 0.01(3.03%) 18:34
its a good thing I added a long call on aapl to make a strangle otherwise I was looking at a big loss, with a little luck I may double my money
its actually 91c . My cost for the strangle is 70c

AAPL Oct 2014 100.000 call (AAPL141010C00100000)
-OPR
0.82 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.49(148.48%) 19:42
  • #5,230
  • Oct 8, 2014 2:40pm Oct 8, 2014 2:40pm
Quoting The Fool
{quote} not. Dovish Fed whacked my IWM bull put spread. ....
Good timing on IWM.

I did a Iron Fly on AA for earnings... Waited for AA to reach $16 and then entered 16 short straddle with 14 and 18 wings.
All options are for this week expiry, $0.71 total credit. So lets see. The mofo was trading all day around $15.70 - right between option strikes 15.50 and 16... so I had two versions of the same trade prepared... EM is around 70 cents.
Attached Image


PEP has strikes on every dollar, but trades right at $93.50... skipping that.

I still have 180/183 + 202/205 SPY Nov17 Iron Condor. I got $0.97 credit for it last week. Had the opp to close today for $0.72... now it trades for $0.90.
Well, tick-tack... tick, tack...
Hope is dangerous in this game.
  • #5,231
  • Oct 8, 2014 2:43pm Oct 8, 2014 2:43pm
Quoting Cecil Gee
{quote} its a good thing I added a long call on aapl to make a strangle otherwise I was looking at a big loss, with a little luck I may double my money its actually 91c . My cost for the strangle is 70c AAPL Oct 2014 100.000 call (AAPL141010C00100000) -OPR 0.82 {image} 0.49(148.48%) 19:42
ok I've closed the strangle on AAPL at $1.30 just shy of doubling. The cost of the strangle was 70c, what could of been a disaster turned out good

AAPL Oct 2014 100.000 call (AAPL141010C00100000)
-OPR
1.30 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.97(293.94%) 8:24PM GMT+01:00
  • #5,232
  • Oct 8, 2014 2:52pm Oct 8, 2014 2:52pm
Quoting StrayDog
{quote} Good timing on IWM. ...
nah, it's a bear put spread, Oct $105/Dec $103...I'm in it for about $1.20 debit net. Had good profit on it, shoulda known markets would fly on the Yellen dove's back. But I have some time, no worries...

good luck with AA.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,233
  • Oct 8, 2014 2:52pm Oct 8, 2014 2:52pm
put in a order to long puts on QQQ $98 PUTS for Friday for 20c or better. NOT FILLED YET

PowerShares QQQ Trust, Series 1 (QQQ)
-NasdaqGM
98.68 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 2.11(2.18%) 8:51PM GMT+01:00 - Nasdaq Real Time Price
  • #5,234
  • Oct 8, 2014 2:53pm Oct 8, 2014 2:53pm
Quoting Cecil Gee
{quote} ok I've closed the strangle on AAPL at $1.30 just shy of doubling. The cost of the strangle was 70c, what could of been a disaster turned out good AAPL Oct 2014 100.000 call (AAPL141010C00100000) -OPR 1.30 {image} 0.97(293.94%) 8:24PM GMT+01:00
good job, Cecil, way to stay in the saddle.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,235
  • Oct 8, 2014 2:58pm Oct 8, 2014 2:58pm
Quoting The Fool
{quote} good job, Cecil, way to stay in the saddle.
Thanks mate, trying to trade just 2 or 3 stocks, soon I will be trying something on this forum ''can we change our life in one month''
  • #5,236
  • Oct 8, 2014 3:03pm Oct 8, 2014 3:03pm
Quoting Cecil Gee
put in a order to long puts on QQQ $98 PUTS for Friday for 20c or better. NOT FILLED YET PowerShares QQQ Trust, Series 1 (QQQ) -NasdaqGM 98.68 {image} 2.11(2.18%) 8:51PM GMT+01:00 - Nasdaq Real Time Price
NO FILL best price I saw was 26c and QQQ retreated to 98.44

PowerShares QQQ Trust, Series 1 (QQQ)
-NasdaqGM
98.44 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 1.87(1.94%) 20:57 - Nasdaq Real Time Price
  • #5,237
  • Oct 8, 2014 3:12pm Oct 8, 2014 3:12pm
Quoting Cecil Gee
ok I've closed the strangle on AAPL at $1.30 just shy of doubling. The cost of the strangle was 70c, what could of been a disaster turned out good AAPL Oct 2014 100.000 call (AAPL141010C00100000) -OPR 1.30 {image} 0.97(293.94%) 8:24PM GMT+01:00
Very nice how you handled that.


Quoting Cecil Gee
... soon I will be trying something on this forum ''can we change our life in one month''
You don't have to trade for that change. Just find a wife ( or ). What? What?

Inserted Video
Hope is dangerous in this game.
  • #5,238
  • Oct 8, 2014 3:37pm Oct 8, 2014 3:37pm
Quoting StrayDog
{quote} Very nice how you handled that. {quote} You don't have to trade for that change. Just find a wife ( or ). What? What? http://youtu.be/UPHuE5pDlEs
depends on if she has enough to shop with
  • #5,239
  • Oct 8, 2014 4:16pm Oct 8, 2014 4:16pm
Quoting Cecil Gee
{quote} Thanks mate, trying to trade just 2 or 3 stocks, soon I will be trying something on this forum ''can we change our life in one month''
sounds like fun.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5,240
  • Oct 9, 2014 7:01am Oct 9, 2014 7:01am
Did Ma Yellen peg the gold bottom for the year? @ GLD that was $114.42 on 10/3. Gold up 2% in the last day. Nov vertical bull put spread on GLD - might safely sell the Nov $114 put against the long Nov $110, should be worth >$0.50 today, we'll see what GLD does this morning.
"If The Fool persists in his Folly he will become wise." - William Blake
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