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Let's Trade Options

  • #6,461
  • Dec 31, 2014 10:52am Dec 31, 2014 10:52am
trying to get filled on UUP Jun call vert $26/$27 @ $0.00 - just comms
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,462
  • Dec 31, 2014 11:05am Dec 31, 2014 11:05am
Quoting Cecil Gee
{quote} I'm good thanks hope you are too NEAR opening taking a long put on SPY $207 if I can get it for under 10c for Friday expiry also may consider $204 put for Jan monthly 2015 expiry. Have a great new years celebration
in a short while ago for 7c

SPY Dec 2014 207.000 put (SPY141231P00207000)
-OPR
0.07 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.16(66.67%) 16:46
  • #6,463
  • Dec 31, 2014 11:13am Dec 31, 2014 11:13am
Quoting The Fool
trying to get filled on UUP Jun call vert $26/$27 @ $0.00 - just comms
You would probably have to leg in to get that for zero... Especially on Jun options.

Quoting Cecil Gee
{quote} in a short while ago for 7c SPY Dec 2014 207.000 put (SPY141231P00207000) -OPR 0.07 {image} 0.16(66.67%) 16:46
Hi CG! That would be options that expire today. Nice going so far - already doubled! Pity I saw your post too late...
But I can't bake turkey and all... and trade in the same time ... New Year dinner is approaching, fast...
Hope is dangerous in this game.
  • #6,464
  • Dec 31, 2014 11:16am Dec 31, 2014 11:16am
Quoting StrayDog
{quote} You would probably have to leg in to get that for zero... Especially on Jun options. {quote} Hi CG! That would be options that expire today. Nice going so far - already doubled!
yeah had to look twice at what I did rolled it for Friday for total of 33c just in time,
  • #6,465
  • Dec 31, 2014 11:21am Dec 31, 2014 11:21am
Quoting Cecil Gee
{quote} yeah had to look twice at what I did rolled it for Friday for total of 33c just in time,
betting on a early Friday big bad bear to set the tone for 2015 in 9 trading days we haven't been able to test no where near the high set two weeks ago that tells me something, I know volumes light but we did have some time just before xmas
  • #6,466
  • Dec 31, 2014 11:28am Dec 31, 2014 11:28am
Quoting StrayDog
{quote} You would probably have to leg in to get that for zero... Especially on Jun options...
yeah, or bump it up a little. I also have UUP Mar/Jun $26 call calendars - filled at the $0.06 mid in minutes on one account, waiting waiting on others
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,467
  • Dec 31, 2014 11:28am Dec 31, 2014 11:28am
Quoting Cecil Gee
{quote} I'm good thanks hope you are too NEAR opening taking a long put on SPY $207 if I can get it for under 10c for Friday expiry also may consider $204 put for Jan monthly 2015 expiry. Have a great new years celebration
getting there, extremely light volume

SPDR S&P 500 ETF (SPY)
-NYSEArca
207.05 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.55(0.26%) 17:26 - Nasdaq Real Time Price
  • #6,468
  • Dec 31, 2014 11:33am Dec 31, 2014 11:33am
Quoting Cecil Gee
{quote} betting on a early Friday big bad bear to set the tone for 2015 in 9 trading days we haven't been able to test no where near the high set two weeks ago that tells me something, I know volumes light but we did have some time just before xmas
This chart is from this article - Can Stocks Get Over The Hump This Time? published 2 days ago...

Attached Image


For more bullishness SPX needs to break that channel (and IWM to go decisively over $121, IMO).
But, more likely, it will first go down a bit, and then up again. It will provide short term opps for shorting a bit, but I expect higher highs in first quarter of 2015.
Jawboning is powerful thing, and market tends to digest that for a very long time. Just look at Gold bull run. And then it ends.
Hope is dangerous in this game.
  • #6,469
  • Dec 31, 2014 11:35am Dec 31, 2014 11:35am
Quoting The Fool
{quote} yeah, or bump it up a little. I also have UUP Mar/Jun $26 call calendars - filled at the $0.06 mid in minutes on one account, waiting waiting on others
What $26 for UUP means for EUR/USD?
Hope is dangerous in this game.
  • #6,470
  • Dec 31, 2014 11:39am Dec 31, 2014 11:39am
Quoting StrayDog
{quote} This chart is from this article - Can Stocks Get Over The Hump This Time? published 2 days ago... {image} For more bullishness SPX needs to break that channel (and IWM to go decisively over $121, IMO). But, more likely, it will first go down a bit, and then up again. It will provide short term opps for shorting a bit, but I expect higher highs in first quarter of 2015. Jawboning is powerful thing, and market tends...
that's all i want that short term fill of 202 gap area in the spy for starters then the fake up move to get then the last bull runners
  • #6,471
  • Dec 31, 2014 11:42am Dec 31, 2014 11:42am
Quoting StrayDog
{quote} What $26 for UUP means for EUR/USD?
that would take E/USD below 1.1300 and USD$ PAST $96
  • #6,472
  • Dec 31, 2014 11:44am Dec 31, 2014 11:44am
If I would be a contrarian premium seller, which I am (for most of the time) not... I would probably sell TWTR puts.

After all that insider trading:
Via Rule 10b5-1 trading plans, seven Twitter insiders unloaded 1.18M shares from Dec. 1-23 at an average price of $37.99, observes Barron's.

Stock went down, IV high... this could be a future take-over candidate... M-cap under Instagram. Stock is trading around $36 now, so break-even with selling a Feb6 30 put for $0.81 credit would be 19% bellow current price. Low margin req, efficient trade, IMO.

Attached Image (click to enlarge)
Click to Enlarge Name: TWTR_short-put.png Size: 69 KB


Bid/ask for this weekly options are very large, but you can get fill at midpoint in a second. OR one could do regular Feb monthlies with 51 DTE for 0.95 credit.
So, on one hand there is options with 37 DTE and $0.81 credit, and 51 DTE for $0.95 credit (and off course a 2c bid/ask spread).
Hope is dangerous in this game.
  • #6,473
  • Dec 31, 2014 11:46am Dec 31, 2014 11:46am
Quoting Cecil Gee
{quote} that's all i want that short term fill of 202 gap area in the spy for starters then the fake up move to get then the last bull runners
Hope is dangerous in this game.
  • #6,474
  • Dec 31, 2014 11:52am Dec 31, 2014 11:52am
Quoting StrayDog
But I can't bake turkey and all... and trade in the same time ... New Year dinner is approaching, fast...
Yep. That turkey ain't gonna eat herself up. And I did a nice job, with bacon, garlic and all...

HAPPY NEW YEAR TO ALL OPTION TRADERS!!!

I WISH YOU LOTS AND LOTS OF VOLATILITY AND OPPORTUNITIES!

Attached Image
Hope is dangerous in this game.
  • #6,475
  • Dec 31, 2014 12:12pm Dec 31, 2014 12:12pm
Quoting StrayDog
{quote} What $26 for UUP means for EUR/USD?
There's not a cut/dry answer, since UUP is based on aggregate futures values. UUP was at $26 back in Jan/Feb 2009, when fiber was $1.25 or so, but the yen was much higher then. Anyway, if the euro and yen keep falling, we will get to UUP $26 in Q1 2015 - that's my bet, anyway....
Attached Image
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,476
  • Dec 31, 2014 1:09pm Dec 31, 2014 1:09pm
Quoting Cecil Gee
{quote} that's all i want that short term fill of 202 gap area in the spy for starters then the fake up move to get then the last bull runners
now we go
  • #6,477
  • Dec 31, 2014 1:11pm Dec 31, 2014 1:11pm
Quoting Cecil Gee
{quote} yeah had to look twice at what I did rolled it for Friday for total of 33c just in time,
doubled


SPY Jan 2015 207.000 put (SPY150102P00207000)
-OPR
0.67 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.16(32.65%) 18:55
  • #6,478
  • Dec 31, 2014 2:02pm Dec 31, 2014 2:02pm
Quoting Cecil Gee
{quote} doubled SPY Jan 2015 207.000 put (SPY150102P00207000) -OPR 0.67 {image} 0.16(32.65%) 18:55
trebled


SPY Jan 2015 207.000 put (SPY150102P00207000)
-OPR
1.15 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.16(32.65%) 19:44
  • #6,479
  • Dec 31, 2014 2:49pm Dec 31, 2014 2:49pm
Quoting Cecil Gee
{quote} I'm good thanks hope you are too NEAR opening taking a long put on SPY $207 if I can get it for under 10c for Friday expiry also may consider $204 put for Jan monthly 2015 expiry. Have a great new years celebration
heading the right way

SPDR S&P 500 ETF (SPY)
-NYSEArca
205.88 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 1.73(0.83%) 20:46 - Nasdaq Real Time Price
  • #6,480
  • Dec 31, 2014 10:30pm Dec 31, 2014 10:30pm
how much lower can oil go? Feb/Mar USO $18/$17 risks $0.04 to cover downside down to near $17 until Feb opex. Max P is $0.39 if you're @ $18.25 on expiration day. That's your lotto moment. But the trade is in profit between $17 - $22 at expiry, m/l... If oil bounces a bit in the next few days you might get in this diag for even less...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-12-31_uso.png Size: 61 KB
"If The Fool persists in his Folly he will become wise." - William Blake
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