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Let's Trade Options

  • #7,321
  • Feb 23, 2015 10:09am Feb 23, 2015 10:09am
Lots of earnings this week.

Lending Club (LC) is new kid on the block. Could this be a massive move? BABA didn't have much of a fireworks on it's first ER's.
Stock is around $23, only monthlies.... lets say long strangle March 22/24... each side is like $1.00 debit... wide bid/ask spread.

Other than that ---> Interested in non-directional plays in HD, FSLR, TGT, CRM, WDAY, DDD, ADSK... probably skip HPQ.
Hope is dangerous in this game.
  • #7,322
  • Feb 23, 2015 10:14am Feb 23, 2015 10:14am
Quoting The Fool
ugh, I gotta do something about this SPY diagonal. upside b/e has come in to about $112.65 - at the rate we're going, SPY will go past that in the coming week....unless Granny Yellen shakes things up....or Greece drama returns for an epilogue. {image}
Closed mine with a loss for $0.25 credit... got in at $0.03 credit... Idk ---> maybe better to cut it now, for 1/4 of potentially full loss.
This is a news driven market now, and all technical analyses is not worth much. Draghi and Yellen will speak on Tuesday and Wednesday...
Hope is dangerous in this game.
  • #7,323
  • Feb 23, 2015 12:05pm Feb 23, 2015 12:05pm
While we are waiting for AAPL to hit the $1T Mcap...

Another alternative for Greek drama ---> why AAPL and GOOGL woudn't just buy entire Greece? Like 50/50...

They could then develop tourism, all of their workforce could go to holiday there for free as a loyalty bonus... And they would kick out PCLN, EXPE, TRIP and others from Greece, every booking would go trough their joint company AP-GO. You know - for fun... also tax benefits... Rich could then lease entire islands for exotic fun parties, Roman style baby...

#sarcasam
#boringmarket
#wtf
#i-don't-need-iwatch
#aapl_$132
Hope is dangerous in this game.
  • #7,324
  • Edited 12:55pm Feb 23, 2015 12:40pm | Edited 12:55pm
Quoting StrayDog
{quote} Closed mine with a loss for $0.25 credit... got in at $0.03 credit... Idk ---> maybe better to cut it now, for 1/4 of potentially full loss. ...
Yep, I am just gambling for a little time - the upside b/e starts moving north faster the closer we get to Mar expiry. If I can make it to next week I might be in better shape, especially if JY spooks the markets a bit. Most probably this will be one I have to take a loss on - a good trader needs to be able to lose well - really the hardest thing in the game and the difference between rich traders and losers, like me. But I am improving.

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,325
  • Feb 23, 2015 12:54pm Feb 23, 2015 12:54pm
I bought a Mar/Mar4 FXE $115 call calendar today for $0.06, not risking much with a 10-lot.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,326
  • Feb 23, 2015 1:34pm Feb 23, 2015 1:34pm
Quoting The Fool
{quote} lol, 8 consecutive green daily candles on the Q's, gotta throw a red one in sometime....prolly be a doji
nah, make it nine, close green, what else ya gonna do with all that cash?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,327
  • Feb 23, 2015 2:00pm Feb 23, 2015 2:00pm
QQQ Mar otm verticals are dirt cheap.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-23_QQQ.png Size: 47 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,328
  • Feb 23, 2015 2:18pm Feb 23, 2015 2:18pm
HD and SPWR have ER's tomorrow BMO.

HD trades now for about $112... I did a HD short strangle Feb27 108/116 for $1.01 credit.

Thinking of doing something bearish or non-directional for SPWR. (SUNE and SCTY were down after ER's)
Hope is dangerous in this game.
  • #7,329
  • Feb 23, 2015 2:19pm Feb 23, 2015 2:19pm
I am fishing for a TLT V-bottom, not risking much with a 6-lot Mar/Mar4 $134 call calendar @ $0.10
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,330
  • Feb 23, 2015 2:30pm Feb 23, 2015 2:30pm
Quoting The Fool
I am fishing for a TLT V-bottom, not risking much with a 6-lot Mar/Mar4 $134 call calendar @ $0.10
This not gonna fill, mid upped to $0.13. Not gonna chase it. Really want to get past the Yellen anyway. Fuck the Central Banks.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,331
  • Feb 23, 2015 2:37pm Feb 23, 2015 2:37pm
Quoting The Fool
QQQ Mar otm verticals are dirt cheap.
wow, are Q's really gonna give up a doji? Could it be this easy - the Grrrks fuck the football one more time tomorrow and then the Yellen gets hawkish & markets slide til the Ides of March? I see it all as if in a dream...no wait that's KY on the monitor..damn....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,332
  • Feb 23, 2015 3:01pm Feb 23, 2015 3:01pm
Quoting StrayDog
....Thinking of doing something bearish or non-directional for SPWR. (SUNE and SCTY were down after ER's)
Got in position in last minute... I have sold only calls on this one. SPWR Feb27 30 calls, for $0.34 credit. Stock is now @ $27.80...
Hope is dangerous in this game.
  • #7,333
  • Feb 23, 2015 3:07pm Feb 23, 2015 3:07pm
Quoting StrayDog
I have sold only calls on this one. SPWR Feb27 30 calls, for $0.34 credit. Stock is now @ $27.80...
I'd bet that's the safest bet on the solar stocks now....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,334
  • Feb 23, 2015 3:10pm Feb 23, 2015 3:10pm
Quoting The Fool
{quote} nah, make it nine, close green, what else ya gonna do with all that cash?
QQ's close green, SPY as thin a candle as can be made....prolly all explode tomorrow on news that the Eurozone be saved
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,335
  • Feb 23, 2015 4:07pm Feb 23, 2015 4:07pm
Quoting The Fool
{quote} I'd bet that's the safest bet on the solar stocks now....
yeah, SPWR popped >$31, hope it falls back for ya SDog. This is why I have basically stopped playing these ER strangles..
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,336
  • Feb 24, 2015 4:12am Feb 24, 2015 4:12am
looking at equity futures flat early, UST futures have given up some ground, I expect we may flatline thru the day that way until Yellen speaks. My gut is we will see big moves as a result of her words in Congress, if not today then Wed. There seems to be some expectations that she will let out some hawkish noises, but I am not so sure....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,337
  • Edited 6:36am Feb 24, 2015 5:46am | Edited 6:36am
Quoting StrayDog
HD and SPWR have ER's tomorrow BMO. HD trades now for about $112... I did a HD short strangle Feb27 108/116 for $1.01 credit. Thinking of doing something bearish or non-directional for SPWR. (SUNE and SCTY were down after ER's)
HD @ $116... buybacks, dividend hike... breached EM to the upside...

Quoting StrayDog
{quote} Got in position in last minute... I have sold only calls on this one. SPWR Feb27 30 calls, for $0.34 credit. Stock is now @ $27.80...
SPWR @ $31, also breached EM to the upside... FSLR wild on news also...
Solar, SunPower in talks for solar power plants JV
Add-on: But, volume in premarket is only 100 shares, according to CNBC...

Ain't that a fun...

Hoping for a pullback... on both stocks... if SPWR is gonna be wild, I will defend position with stocks, or roll up and out... Hate this shit.

Defending a ITM short Calls
Attached Image

seems like I will boost my expirience...
Hope is dangerous in this game.
  • #7,338
  • Edited 9:07am Feb 24, 2015 8:41am | Edited 9:07am
Quoting StrayDog
HD and SPWR have ER's tomorrow BMO. HD trades now for about $112... I did a HD short strangle Feb27 108/116 for $1.01 credit. Thinking of doing something bearish or non-directional for SPWR. (SUNE and SCTY were down after ER's)
HD $117.... I closed the strangle for $1.57... that is a $0.56 loss per strangle, small loss, since I had only one... trade small / trade often...

few minutes later... b/e... I have no patience at all.
Add-on: I am an idiot.


Looking what to do with SPWR... calls are deep ITM.
Hope is dangerous in this game.
  • #7,339
  • Feb 24, 2015 10:08am Feb 24, 2015 10:08am
JY done nothing for the bears, we'll see what tomorrow brings, but I expect we are back to business as usual near term, so just BTFD...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,340
  • Feb 24, 2015 11:04am Feb 24, 2015 11:04am
Yeah... when defending options positions with stocks... you can bypass PDT rules with stocks CFDs... they have absolutely the same bid/ask and price like underlying stocks... No problem for PM accounts, but good to know if you have a smaller acc, under $25k...
Hope is dangerous in this game.
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