Let's Trade Options

You guys are excellent---thank you for all of your advice. I joined the "Motely Fool" website---relatively helpful

http://www.simpleroptions.com/public...aa18abc2a0d2f4

JC on APPL & TSLA. I thought last week when I got into Dec bull call vertical AAPL would run with the Santa Rally and revisit $118+, did get some movement up, but it was short-lived, & the chart looks weak now & set up for a break down. So if I don't see AAPL move up tomorrow early.I will get out of that trade

CNBC...



So, the opposite of what we are trying... to make money using our brain...

I am interested in this VXX call spread, but I will go $1 lower - closer to the price, i.e. Dec 26.5 / 27, If I can under $0.15 debit.

been looking VXX spreads over, might want a little more time on the back end

see Dec4 $26/$26.5 for $0.16

Drag on VXX / UVXY is very visible now. While VIX is +7.6%, both VXX and UVXY are currently around zero change...
Yeah, that Dec4 (or Dec26) expiry could be maybe better.

Some interesting names have ER's this week... COST, ADBE, LULU, and some other. Checking the option chains and charts now.

I am in a LULU calendar....

For ER's buying premium - CIEN (Dec 11 BMO), now about $17.40 is a mover - maybe 17/18 weekly long strangle? Or 17.5 weekly long straddle...

Ask was $0.13 today.... but I was indecisive, now it trades bid/ask: 0.15 / 0.17...

OK, maybe something else will come up, volatility is rising across a board... BABA IVR was 9, now is 19... AAPL IVR was 39, now 44; and so on.
If nothing "clever" comes to my mind, I will just wait for some of the stocks that I traded before gets to IVR over 60 - and sell strangles or something...
Note to myself: Better to trade nothing than to trade just for the sake of trading...

In case of some long, long red candles... from tomorrow maybe even some weekly gamma plays...
CG where are you?

I tried to get in that when I saw a $0.16 mid - for $0.15 - never got filled....

LULU IVR still rising, I may have entered early, paid a little too much, directionally wrong....I guess that's about it. At least I didn't accidentally do 100 instead of 10....

Edited....

Yeah, I know... I missed VXX also... that $0.13 from above is $0.21 now... (at one point I was on bid with 0.13 and ask was on 0.13 also, but nothing happened... I got same situations before... then I have to cancel the order and put it again... but then I lowered the bid... )


I am in QQQ Dec 104/103 put spread... paid $0.37 debit....

We can see a follow-trough of today move, I think.... pretty ugly looking daily candle for now.
Couple of times I missed good trades because I was trying to "save" few bucks... I can't remember the expression in English for that right now... (stingy?)

hmmm, "penny wise, pound foolish"....? yep, pity about the VIX vertical, would have made bank pretty quick. Oh well, I'm never very sharp on Mondays. I don't have a feel for the likelihood of a follow through for the week - I had thought we'd get some volatility, though, with FOMC on the horizon, holiday thin volume starting to come in, big players locking in profits before year-end, etc...

$62.25. Sub-$60 coming before year-end. On the lookout for the first fracker default rumors.

a walk through the ruins, blood in the streets, etc....other names: SDRL, RIG, CLR, APA, SU, HAL, OXY, NE, QEP, WMB, ATW, HP, CHK

ya gotta start fishin these rebound opps, just keep it walled off to the downside....

Bargain basement prices on PBR. ER's on 12/12. They could expose some massive writedowns then and with all the other problems (scandal, oil price drop) you'd have to see the share price having a good chance of making lower lows. But, (big butt, hell they could be delisted) but, PBR will survive. They're backed by the Brazilian govt and sitting on enormous reserves. Commodity cycles are nothing new and the current oil swing low will run its course and oil will be trading at $100+ again in our lifetime, probably within the next few years.

If PBR drops after the ER I will think about buying the stock, get a little relief from theta...

Global selloff?
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Economy
European stocks fell for a second day as German imports and exports contracted in October, while Tesco (OTCPK:TSCDF, OTCPK:TSCDY) and energy companies plunged. German October imports slid 3.1% from a month earlier, while exports fell 0.5%. Snapping a world-beating rally, highly volatile Chinese stocks tumbled the most since August 2009, with the Shanghai Composite Index closing down 5.4% at 2,856.27 after earlier gains of as much as 2.4%.
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Looks like a follow trough of yesterdays price action after all. Unless BTFD crowd pull some reserve ammo. But, this could be another correction, maybe again -10%? And crying children looking at their parents with questions on their faces... "Where is Santa?" Bah... That was just sarcasm. FED to the rescue... again.

VIX another 20% up for today?
Man, TF! That VXX call spread was excellent idea!
Well, at least I will earn some pennies (I hope) on that QQQ put spread. Got burned on shorting NQ many times...
Interesting that I am actually positive with QQQ options strategies, but negative on NQ100 CFDs.


Add-on
Shorting QQQ some more, I think this is some small shortable pullback, I am in QQQ 103 weekly puts, $0.51 debit.