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Let's Trade Options

  • #8,141
  • Apr 10, 2015 10:38am Apr 10, 2015 10:38am
Quoting Cecil Gee
{quote} nope looks like it wants up and up so I've entered a call spread for today exp long 180 on DIA and sold 180.50 for net 7c DIA Apr 2015 180.000 call (DIA150410C00180000) -OPR 0.10 {image} 0.05(33.33%) 14:41 DIA Apr 2015 180.500 call (DIA150410C00180500) -OPR 0.03 {image} 0.04(57.14%) 14:49
up to 21c
  • #8,142
  • Apr 10, 2015 1:20pm Apr 10, 2015 1:20pm
Quoting The Fool
{quote} couldn't fill, canceled. Took a shot at a fizzle on the days SnP gains, SPY $209.5/$209 put vertical, for $0.12, trying to net min $0.08...
wrong again....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,143
  • Apr 10, 2015 3:10pm Apr 10, 2015 3:10pm
Quoting Cecil Gee
{quote} nope looks like it wants up and up so I've entered a call spread for today exp long 180 on DIA and sold 180.50 for net 7c DIA Apr 2015 180.000 call (DIA150410C00180000) -OPR 0.10 {image} 0.05(33.33%) 14:41 DIA Apr 2015 180.500 call (DIA150410C00180500) -OPR 0.03 {image} 0.04(57.14%) 14:49
closed at 180.34 minus 7c = net 27c

SPDR Dow Jones Industrial Average ETF (DIA)
-NYSEArca
180.34 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.94(0.52%) 21:00
|After Hours
  • #8,144
  • Apr 10, 2015 4:00pm Apr 10, 2015 4:00pm
Quoting The Fool
wrong again....
I'm batting 0.000 on late week scalps, pretty easy to see I can bid that strategy adieu.

Have a good weekend, ya'll.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,145
  • Apr 10, 2015 4:58pm Apr 10, 2015 4:58pm


http://theirrelevantinvestor.tumblr....00-has-made-no
"What you have done over the last four and a half months likely says a lot about what type of investor you actually are. If you have stayed the course, whatever your course may be, then you deserve a pat on the back. If on the other hand, you have been hopping from one strategy to the next, now is always good time to evaluate your game plan."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,146
  • Apr 10, 2015 9:09pm Apr 10, 2015 9:09pm
the road to parity steepens, downhill...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-10_FXE.png Size: 60 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,147
  • Apr 10, 2015 10:23pm Apr 10, 2015 10:23pm
TLT in a <$5 range for the last 4 weeks...and I have spreads set up outside that range. Typical. Of course, if I had put on short spreads instead, it would have broken out and dinged me.

I am getting pretty skeptical as to whether I should be trading at all. Maybe keep powder dry until some vol comes back into the mix...or give up for good. I am on a pretty sad losing streak. I need to go back to the drawing board, cultivate a more cautious approach. I will likely not be posting as much here. And I am losing interest in even looking in, but I will probably still be around. Of course, any options traders are welcome to continue posting and I wish you all the best of luck.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,148
  • Apr 11, 2015 7:43pm Apr 11, 2015 7:43pm
Am I reading this right - a 30:1 split for NFLX...?

http://finance.yahoo.com/news/netfli...232831281.html
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-04-11_NFLX.png Size: 63 KB
Click to Enlarge Name: 2015-04-11_nflx2.png Size: 35 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,149
  • Apr 12, 2015 7:44am Apr 12, 2015 7:44am
It would appear this forum is quite a good place to chat, share opinions, trading practices etc but it seems alot of you over complicate things a heck of a lot.
  • #8,150
  • Apr 12, 2015 1:45pm Apr 12, 2015 1:45pm
Quoting The Fool
... I am getting pretty skeptical as to whether I should be trading at all. Maybe keep powder dry until some vol comes back into the mix...or give up for good. I am on a pretty sad losing streak. I need to go back to the drawing board, cultivate a more cautious approach. I will likely not be posting as much here. And I am losing interest in even looking in, but I will probably still be around. Of course, any options traders are welcome to continue posting and I wish you all the best of luck.
Hey TF... we all have rough times occasionally... I am fighting with some of my own demons for quite some time. Taking a break and re-think trading plan / strategy could do you well. I didn't turned on my platform at all on Friday, since Orthodox Easter comes a week after Catholic one, and I had a day off. Lovely weather here... and tomorrow - business as usual, I have some problematic Apr spreads on AMZN and naked options on USO...

(I should have just bought DAX a couple of months ago, and hold the mofo. But, what's the fun in that? )
Hope is dangerous in this game.
  • #8,151
  • Apr 12, 2015 2:41pm Apr 12, 2015 2:41pm
Quoting StrayDog
{quote} Hey TF... we all have rough times occasionally... I am fighting with some of my own demons for quite some time.
YUP, been a rough sideways spell to try to make money in. Maybe I can turn things around with some good earnings trades. Looking at NFLX in the coming week. Might fund a May long call bfly with a Apr short put vertical...will wait for ivol to peak on ER day....

What did you do with SPY short vertical calls...you were short at $212, right? I have some spread $211/$212 that worry me for the coming week....
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-12_NFLX.png Size: 55 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,152
  • Apr 12, 2015 11:08pm Apr 12, 2015 11:08pm
crummy China trade balance print - will we see a fallback in EWH & FXI...?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-04-12_EWH.png Size: 56 KB
Click to Enlarge Name: 2015-04-EWH2.png Size: 39 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,153
  • Apr 13, 2015 3:34am Apr 13, 2015 3:34am
Quoting The Fool
{.... What did you do with SPY short vertical calls...you were short at $212, right? I have some spread $211/$212 that worry me for the coming week....
Yes, I have 212/214 bear call spreads, but May expiry
Hope is dangerous in this game.
  • #8,154
  • Edited 5:41am Apr 13, 2015 4:18am | Edited 5:41am
Quoting The Fool
crummy China trade balance print - will we see a fallback in EWH & FXI...? {image} {image}

Market is already calculating that this bad news means just more stimulus. Even Oil is up on it... (wtf?)

Abandon all hope, ye who enter short...

Just stimulus and more stimulus everywhere. Future PA for CONSIDERABLE TIME on probably every market is up and sideways...

More Bitching
I had an order on short CL Jun 41 put for $0.31 ($310) a few days ago... It was on midpoint, I didn't get filled. After a few minutes I thought that I might get a better price and canceled it. Tomorrow I got $0.36, but I didn't entered. Plan your trade... then just fu---ng TRADE your plan. There will be next opp... but you gotta milk the ones you see... not to mention that I had a EUR short 300 pips higher than current price... PATIENCE....


Add-on
A friend forwarded me one report and there it is, summary of all recent PA in one sentence:
This has been the tendency of this market – to price innegatives like earnings through sideways, choppy consolidation only to rally significantly higher once the “bad news” is delivered.
Hope is dangerous in this game.
  • #8,155
  • Apr 13, 2015 9:23am Apr 13, 2015 9:23am
Quoting The Fool
I have some spread $211/$212 that worry me for the coming week....
after a couple weeks of uptrend might I catch a break with a couple red candles this week? Looking for USD strength to weigh on stocks....we'll see.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,156
  • Apr 13, 2015 9:24am Apr 13, 2015 9:24am
filled a May/May4 $101 FXE puts calendar for $0.11
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,157
  • Apr 13, 2015 11:54am Apr 13, 2015 11:54am
Quoting StrayDog
A friend forwarded me one report and there it is, summary of all recent PA in one sentence: This has been the tendency of this market – to price innegatives like earnings through sideways, choppy consolidation only to rally significantly higher once the “bad news” is delivered.
Well, I could live with significantly higher rallies, except they never come, just ranging...SPY is pretty much in a 5 buck range since the end of Jan....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,158
  • Apr 13, 2015 1:48pm Apr 13, 2015 1:48pm
trying a Sep UVXY $12/$13 bull call vertical for $0.07, might get in for <$0.10
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,159
  • Apr 13, 2015 2:07pm Apr 13, 2015 2:07pm
Quoting The Fool
trying a Sep UVXY $12/$13 bull call vertical for $0.07, might get in for <$0.10
well that went away pdq, u snooze u looze
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,160
  • Edited 3:25pm Apr 13, 2015 3:09pm | Edited 3:25pm
Quoting The Fool
I have some spread $211/$212 that worry me for the coming week....
A little SnP downside and I am back in black on this spread, just need a little more of the same and some decay, I can get out safe on Thurs or Fri. Need to see EWZ pin $34 to blow up a $34 call calendar expiring this week. A couple perfect finishes like that all I need to erase a stack of small losers.
"If The Fool persists in his Folly he will become wise." - William Blake
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