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  • #7,141
  • Feb 9, 2015 1:31am Feb 9, 2015 1:31am
seeing things I like in early trade - /ES down a bit, helps my March call diagonals; /NG up $0.10 - I need natgas to find a bottom around $2.60, UNG to range around $13.50 until next week; /ZB bouncing a bit - I want to see TLT stick about where it is or finish there next week to make good on a put diagonal. This week I guess we will see the Greece drama continue its run & maybe weigh on risk assets. I tried last week & will try again to set up put diagonals on SPY. Will look at BrkWB's as an alternative to diagonals anytime I look at time spreads.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,142
  • Feb 9, 2015 9:13am Feb 9, 2015 9:13am
Quoting The Fool
looking at CSCO DC, ER's Wednesday - a Feb2/Feb $28 call x $26 put will make money pre-ER if share price sticks around $27.00
trying to get in $25.5/$28.5, @ $0.08 debit, iv has come up, not gonna fill, options are too cheap to chase...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,143
  • Feb 9, 2015 10:12pm Feb 9, 2015 10:12pm
Can the SnP put on +50 pts by the end of next week?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-09_spy.png Size: 67 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,144
  • Feb 10, 2015 9:08am Feb 10, 2015 9:08am
Quoting The Fool
Can the SnP put on +50 pts by the end of next week? {image}
trying to fill SPY calls Feb/Feb4 $209.5/$211 @ $0.00, b/e $210.50
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,145
  • Feb 10, 2015 11:18am Feb 10, 2015 11:18am
Quoting The Fool
{quote} trying to fill SPY calls Feb/Feb4 $209.5/$211 @ $0.00, b/e $210.50
took this call spread a little earlier doe end of week expiry, bought 209.50 for 8c and wrote 210 for 5c for a net of 3c and current trading price

SPDR S&P 500 ETF (SPY)
-NYSEArca
206.07 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 1.44(0.70%) 17:17 - Nasdaq Real Time Price


SPY Feb 2015 209.500 call (SPY150213C00209500)
-OPR
0.08 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.01(14.29%) 16:52

SPY Feb 2015 210.000 call (SPY150213C00210000)
-OPR
0.05 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.01(25.00%) 16:58
  • #7,146
  • Feb 10, 2015 12:29pm Feb 10, 2015 12:29pm
Quoting The Fool
{quote} trying to fill SPY calls Feb/Feb4 $209.5/$211 @ $0.00, b/e $210.50
filled at $0.00

Also got in a Jun/Jul $32 EWZ call calendar @ $0.08 debit today...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,147
  • Feb 10, 2015 12:48pm Feb 10, 2015 12:48pm
Quoting Cecil Gee
took this call spread a little earlier doe end of week expiry, bought 209.50 for 8c and wrote 210 for 5c for a net of 3c and current trading price SPDR S&P 500 ETF (SPY)
looks like you will make good money if SPY can get up >$207 early...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-10_spy.png Size: 50 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,148
  • Feb 10, 2015 1:36pm Feb 10, 2015 1:36pm
looking at bearish spreads on XLU, will drop further with rising rates, considering $50 a top
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,149
  • Edited 6:42pm Feb 10, 2015 2:35pm | Edited 6:42pm
Quoting The Fool
looking at bearish spreads on XLU, will drop further with rising rates, considering $50 a top
Trying to fill a Mar/Mar4 $42 put calendar for $0.04

....no go, will look again. Utilities may not fall so soon if the indices are going to go nuts.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,150
  • Edited 10:56pm Feb 10, 2015 10:17pm | Edited 10:56pm
The $7.33 hi/lo spread last week on TLT is the biggest red weekly candle I see since Jan '09, and, of course, just b4 last week I decided to go in short TLT via a Feb/Feb4 $130/$129.50 put spread. TLT took a dump on rate hike fear after the last NFP. B/e on the trade is $128.20, maxP at $130.25, and TLT lt at $129.69. Sitting close to the sweet spot but still 8 dte and glory. I could use a few green daily candles about now...

/ZB up a hair overnight, coming days are critical. Longer term, TLT could put on a long trend down if the Greece noise dies down and the ECB's QE cranks up and gets the party started.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-02-10_TLT.png Size: 101 KB
Click to Enlarge Name: 2015-02-10_tlt2.png Size: 58 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,151
  • Feb 11, 2015 12:42am Feb 11, 2015 12:42am
http://www.msn.com/en-us/news/other/...sXH?srcref=rss

Finally, winter gets some traction in the eastern US. It hasn't really been very cold for very long, but giant snow drifts count for something, and natgas is up a couple days in a row, after hitting a low not seen since June '12 last Friday. My UNG put diag for 2/20 expiry is sitting dead on the sweet spot....fat chance it might be there next Friday...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-10_ung.png Size: 58 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,152
  • Feb 11, 2015 9:29am Feb 11, 2015 9:29am
Hi Guys,

anyone here knows of a good live quotes provider?? mainly options, futures and stocks live quotes....
  • #7,153
  • Feb 11, 2015 9:46am Feb 11, 2015 9:46am
Quoting brokerr
Hi Guys, anyone here knows of a good live quotes provider?? mainly options, futures and stocks live quotes....
without searching myself, I don't know what to tell you - lotsa sites provide delayed quotes, the delay is not really a big deal unless you're trying to scalp or fine tune entry/exit. I use thinkorswim - you can get it with a TDAmeritrade account. I hear you can open an account w/ $0 balance....good luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,154
  • Feb 11, 2015 10:06am Feb 11, 2015 10:06am
Quoting The Fool
The $7.33 hi/lo spread last week on TLT is the biggest red weekly candle I see since Jan '09, and, of course, just b4 last week I decided to go in short TLT via a Feb/Feb4 $130/$129.50 put spread. TLT took a dump on rate hike fear after the last NFP. B/e on the trade is $128.20, maxP at $130.25, and TLT lt at $129.69. Sitting close to the sweet spot but still 8 dte and glory. I could use a few green daily candles about now... /ZB up a hair overnight, coming days are critical. Longer term, TLT could put on a long trend down if the Greece noise dies...
/ZB and TLT dropping like stone again, I am getting close to closing the trade for small profit. Everyone has been calling for the crash of bonds forever - all been wrong forever - now, all geniuses. I thought we'd see a big drop, just not this big. TLT working on a 2-week drop I'd guess as big or bigger than ever seen.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,155
  • Feb 11, 2015 10:13am Feb 11, 2015 10:13am
Remember, traders - next Monday is President's Day, exchanges are closed - free theta - plan accordingly...not another free 3-day weekend for us wage-slaves until the end of May....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,156
  • Feb 11, 2015 10:46am Feb 11, 2015 10:46am
Quoting The Fool
{quote} without searching myself, I don't know what to tell you - lotsa sites provide delayed quotes, the delay is not really a big deal unless you're trying to scalp or fine tune entry/exit. I use thinkorswim - you can get it with a TDAmeritrade account. I hear you can open an account w/ $0 balance....good luck.
thanks for your help
  • #7,157
  • Feb 11, 2015 11:44am Feb 11, 2015 11:44am
trying to fill a May/Jul USO call spread, $25/$26, for a nickel - might get it if /CL will sell off, no hurry though, money is made on the entry, same as any spec game
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,158
  • Feb 11, 2015 11:58am Feb 11, 2015 11:58am
Quoting The Fool
trying to fill a May/Jul USO call spread, $25/$26, for a nickel - might get it if /CL will sell off, no hurry though, money is made on the entry, same as any spec game
actually,/CL is falling back but prolly that is juicing up the USO options IV, raising their prices. I like the itm put calendar idea there, but not gonna pay much for it. Since it's so far out, I can afford to wait
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,159
  • Feb 11, 2015 11:59am Feb 11, 2015 11:59am
hey, welcome back StrayDog, are you ready to rock n' roll?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,160
  • Feb 11, 2015 12:01pm Feb 11, 2015 12:01pm
Quoting The Fool
SDog, I wanted to ask you a few questions about the SPX BrkWB's Tony does. Does he usually do these like <10 dte? Is the nearest strike itm, atm, or otm? He always puts them on for a credit, and the typical management step, if he can, is to....what? {image}
This is what he does all the time:

Feb5 - he entered BWB with Feb6 expiry
Attached Image (click to enlarge)
Click to Enlarge Name: SPX-BWB-1deo.PNG Size: 77 KB


Feb6 - Than he makes a regular Butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: SPX-BWB-2deo.PNG Size: 111 KB


Explanations are inside pictures...
Hope is dangerous in this game.
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