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  • #6,841
  • Jan 26, 2015 6:06am Jan 26, 2015 6:06am
Quoting StrayDog
BABA?
Not sure if you talk bout same thing as I think of but slumping oil may be pretty nice boost for China. Not like I were any expert on China stuff, can see not good numbers coming out. But who the heck knows whats going on inside huh? Overall pretty wild bet, but can pay very well. See, paranoid me tends to think China wants its slice in internet trade and communism has this nice little attitude if wants something, goes through corpses. So think Baba could be pretty nice long term investment .
"I know one thing, that I know nothing." Sokrates
  • #6,842
  • Jan 26, 2015 7:41am Jan 26, 2015 7:41am
I am newbie in Options. what do you think about buying QQQ Feb 27 Puts strike price @104? current price is about 1.75, I am expecting QQQ to drop to 102 in next 2-3 weeks. is it a good idea?
  • #6,843
  • Edited 8:59am Jan 26, 2015 8:48am | Edited 8:59am
Quoting The Fool
Here's a SLB weekly vertical bear put spread - risk $0.02 to make max $0.48, b/e at $79.40....will see if it's there on Monday, but something similar will be, getting filled on something like this for $0.02 might be a dream, but surely fill @ < $0.05. Defined risk, no margin hit, huge upside, what's not to love? SLB lt $82.00... {image}
Nice idea, I am for it, I just love to go closer to the price... Pay more, but higher probability. I bought just a few of SLB Jan30 80/79.50 bear put spreads for $0.12... maybe I will add more later, at better prices...

add-on... ha, just minutes after, there it is at $0.07... OK, waiting game is on.
Hope is dangerous in this game.
  • #6,844
  • Jan 26, 2015 9:02am Jan 26, 2015 9:02am
Quoting charron
I am newbie in Options. what do you think about buying QQQ Feb 27 Puts strike price @104? current price is about 1.75, I am expecting QQQ to drop to 102 in next 2-3 weeks. is it a good idea?
Bought QQQ puts Feb 27 Strike Price 103.50 for $1.88 instead, lets hope it works out
  • #6,845
  • Jan 26, 2015 9:24am Jan 26, 2015 9:24am
Quoting charron
{quote} Bought QQQ puts Feb 27 Strike Price 103.50 for $1.88 instead, lets hope it works out
Well, if you got that wrong, that is all you can lose. I like spreads, they "hold" their value much better. That could be Feb 27 104/102 bear put spread for debit, OR you can sell spreads, like Feb 27 104/106 call spread for credit... If you are familiar with debit and credit spreads, both are defined risk strategies (and defined profit), easy to understand.
Hope is dangerous in this game.
  • #6,846
  • Jan 26, 2015 9:26am Jan 26, 2015 9:26am
Quoting StrayDog
{quote} BABA?
BABA is still relatively new however it does have good daily range and is liquid. For me I need at least 2 quarters of earnings and the charts to fill in more to male calculated trades
  • #6,847
  • Jan 26, 2015 9:29am Jan 26, 2015 9:29am
Quoting charron
{quote} Bought QQQ puts Feb 27 Strike Price 103.50 for $1.88 instead, lets hope it works out
welcome, my friend when buying options always remember your time decay, you have a little over four weeks and generally after the second week time decay accelerates so you need to keep you eye on it. Good luck anyway
  • #6,848
  • Jan 26, 2015 9:41am Jan 26, 2015 9:41am
Quoting StrayDog
{quote} I bought just a few of SLB Jan30 80/79.50 bear put spreads for $0.12... maybe I will add more later, at better prices...
Added more for $0.05 debit... yep. First ones I bought in a rush, and second to average price, since I am already in.
So, I am a proud owner of those mofos for $0.085... Either I lose more, or win more.
Add-on: losing more has more probability atm.


Other than that, MSFT & TXN have ER's tonight, and bunch of companies tomorrow BMO... I will do some of them.
Hope is dangerous in this game.
  • #6,849
  • Jan 26, 2015 9:48am Jan 26, 2015 9:48am
Quoting Cecil Gee
start looking at SLB, strikes every $1 and a movement of nearly $3 per day, lottery scalping dream
I'm going for it but as a call spread, I'm long $84 SLB call and wrote $84.50 call for a net 5c or $5 per contract. As this may happen quickly I've put in a GTC to take me out AT $84.45.
Below is the current price

Schlumberger Limited (SLB)
-NYSE
83.65 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 1.65(2.01%) 15:44 - Nasdaq Real Time Price

SLB Jan 2015 84.000 call (SLB150130C00084000)
-OPR
0.54 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.04(8.00%) 15:13

SLB Jan 2015 84.500 call (SLB150130C00084500)
-OPR
0.49 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.11(18.33%) 15:26
  • #6,850
  • Jan 26, 2015 12:11pm Jan 26, 2015 12:11pm
Quoting Cecil Gee
{quote} I'm going for it but as a call spread, I'm long $84 SLB call and wrote $84.50 call for a net 5c or $5 per contract. As this may happen quickly I've put in a GTC to take me out AT $84.45. Below is the current price Schlumberger Limited (SLB) -NYSE 83.65 {image} 1.65(2.01%) 15:44 - Nasdaq Real Time Price SLB Jan 2015 84.000 call (SLB150130C00084000) -OPR 0.54 {image} 0.04(8.00%) 15:13 SLB Jan 2015 84.500 call (SLB150130C00084500) -OPR 0.49 {image} 0.11(18.33%) 15:26
$84 maybe tough to take out
  • #6,851
  • Jan 26, 2015 12:26pm Jan 26, 2015 12:26pm
http://finance.yahoo.com/news/citi-i...141656571.html

Schwab offered $0.25/share for FXCM? I tried to buy a $5 Mar/Jun call calendar for $0.05 today. not sure of fill....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,852
  • Jan 26, 2015 12:43pm Jan 26, 2015 12:43pm
Quoting The Fool
risk $100 to make $940 on a big retrace of the SBUX ER pop, ok if you don't get all of that {image}
I'm looking at doing a long put spread on SBUX, not sure whether to do this weeks or next week expiration. This weeks I can get in for 10c net if I longed $86 put and wrote $84 put
  • #6,853
  • Jan 26, 2015 12:50pm Jan 26, 2015 12:50pm
Quoting Cecil Gee
{quote} I'm going for it but as a call spread, I'm long $84 SLB call and wrote $84.50 call for a net 5c or $5 per contract. As this may happen quickly I've put in a GTC to take me out AT $84.45. Below is the current price Schlumberger Limited (SLB) -NYSE 83.65 {image} 1.65(2.01%) 15:44 - Nasdaq Real Time Price SLB Jan 2015 84.000 call (SLB150130C00084000) -OPR 0.54 {image} 0.04(8.00%) 15:13 SLB Jan 2015 84.500 call (SLB150130C00084500) -OPR 0.49 {image} 0.11(18.33%) 15:26
we're on


Schlumberger Limited (SLB)
-NYSE
84.08 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 2.08(2.54%) 18:49 - Nasdaq Real Time Price
  • #6,854
  • Jan 26, 2015 1:25pm Jan 26, 2015 1:25pm
Quoting Cecil Gee
{quote} we're on Schlumberger Limited (SLB) -NYSE 84.08 {image} 2.08(2.54%) 18:49 - Nasdaq Real Time Price
Good eye, Cecil. Nice bounce in eur/usd takes the heat off oil, boosts the oil patch stocks, hope it runs for ya.

I am trying to get filled @ small credit on a Feb/Feb4 UNG $12.5/$12 bear put diagonal spread....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,855
  • Jan 26, 2015 1:43pm Jan 26, 2015 1:43pm
I am trying to fill 2 weekly spreads: a $85/$85.50 AXP bull call vertical and a USO $17/$17.50 bull call vertical - trying to fill below the mid on these, prolly won't make it. I am not much of a Monday trader....will look at possible ER trades for names with ER's this week. I sold the UUP Mar/Jun $26 call calendar I had for $0.18, had bought it for $0.06....going surveying, great sunny day here, warm enough to wear shorts....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,856
  • Jan 26, 2015 2:44pm Jan 26, 2015 2:44pm
Quoting Cecil Gee
{quote} we're on Schlumberger Limited (SLB) -NYSE 84.08 {image} 2.08(2.54%) 18:49 - Nasdaq Real Time Price
we're not on, just did not have the final push. see what tomorrow brings may have to flip it
  • #6,857
  • Jan 26, 2015 5:26pm Jan 26, 2015 5:26pm
Quoting The Fool
I am trying to get filled @ small credit on a Feb/Feb4 UNG $12.5/$12 bear put diagonal spread....
no dice
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,858
  • Jan 26, 2015 5:32pm Jan 26, 2015 5:32pm
Quoting The Fool
I am trying to fill 2 weekly spreads: a $85/$85.50 AXP bull call vertical and a USO $17/$17.50 bull call vertical - trying to fill below the mid on these,....
filled the AXP spread @ $0.10 debit....then AXP dropped at the close....lt $83.30, I need a ~$3 pop by Friday to make some money. I don't risk much on pure directional trades....USO bull spread not filled, prolly just as well...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,859
  • Jan 26, 2015 9:48pm Jan 26, 2015 9:48pm
Quoting The Fool
http://finance.yahoo.com/news/citi-i...141656571.html Schwab offered $0.25/share for FXCM? I tried to buy a $5 Mar/Jun call calendar for $0.05 today. not sure of fill....
This calendar was filled at $0.05, made $0.02 already ......risks $100 to make $1500+
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6,860
  • Jan 26, 2015 9:50pm Jan 26, 2015 9:50pm
Quoting The Fool
{quote} This calendar was filled at $0.05, made $0.02 already ......risks $100 to make $1500+
Go man go. . Like a Rotschild
"I know one thing, that I know nothing." Sokrates
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