Let's Trade Options | Page 465 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Let's Trade The News V 0.4 ! 479 replies

Any Options, Bull Options & Option Bit 39 replies

Let's Trade The News! 46 replies

Let a trade develop? 17 replies

Attachments: Let's Trade Options
Exit Attachments

Let's Trade Options

  • #9,281
  • Jun 28, 2015 11:55pm Jun 28, 2015 11:55pm
Can we get 50? A 50 pt gap down for the S&P? /ES sitting at -30 right now.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,282
  • Jun 29, 2015 3:08am Jun 29, 2015 3:08am
Quoting The Fool
Can we get 50? A 50 pt gap down for the S&P? /ES sitting at -30 right now.
nah...btfd 4ever yo. sure there will be a chance for more downside if Wed comes and there is no Greek deal. On top of that it's NFP week...and it's a short week, too - exchanges and banks closed Friday in observance of Independence Day on Saturday. A good week to try selling vix puts...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,283
  • Jun 29, 2015 8:02am Jun 29, 2015 8:02am
Good morning speculators, plenty to see and do today, an eventful end to the quarter and new month, I am very interested to see what NY does with the open.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,284
  • Jun 29, 2015 8:46am Jun 29, 2015 8:46am
trying to fill a Jul puts $202/$200 for $0.31 credit --- $202 is 24 deltas........omg could we roll green b4 the close.....fml
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,285
  • Jun 29, 2015 9:46am Jun 29, 2015 9:46am
Quoting The Fool
trying to fill a Jul puts $202/$200 for $0.31 credit --- $202 is 24 deltas........omg could we roll green b4 the close.....fml
filled all for 31c-32c, IC'd against $216/218 calls now, looking at UVXY
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,286
  • Jun 29, 2015 9:58am Jun 29, 2015 9:58am
Quoting The Fool
{quote} 20% cash is my redline. I hold to that pretty well. Trade sizing is something else. But I usually have risk limits in mind. Which are prolly too big. On defined risk trades, I will put a max of 10% of total equity at risk. Usually it is about 5%. I know that I will be adjusting losing trades, but sometimes I don't do that so well, in which case, anyway, I had an original limited risk I could live with. I am usually doing 4-5 lot trades at a minimum, up to 20 lot trades on the high side. Occasionally I will do larger trades, 50 lots maybe....
1 contract on most set-ups gets you squat ($25-50), especially if you're only shooting for 50% max profit ... .

Me personally, 50% is a lot of cash to keep on the sidelines ... . Although it's good on days like this ... . Got plenty of cash on hand to trade volatility. Put on one SPY IC, shooting for fills in a DIA IC (diff expiration than SPY IC) and a TLT IC.

The EURUSD has filled the entire gap, so I'm just going to stick with the FXE IC I've got on now.

On the cusp of getting out of a July 17 short SPY call vert (214/217) for 50% max ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,287
  • Jun 29, 2015 10:10am Jun 29, 2015 10:10am
Out of my July 17 214/217 short call SPY vert for .32 (50% max profit).

Was slightly concerned shortly after I put it on (really did think a Greek deal would happen last week), because I went a little "fat" with the contracts ... .

Still got two fatty short SPY call verts on (July 24 214.5/217.5 and a July 31 215/218) that I'd like to see the back end of ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,288
  • Jun 29, 2015 10:20am Jun 29, 2015 10:20am
Surprised the Dough/TastyTrade nobbers aren't putting on more trades (only Tony, who plays SPX), although Bob is always working something on the futures end of things ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,289
  • Jun 29, 2015 11:16am Jun 29, 2015 11:16am
Quoting Cecil Gee
looking forward to news that may negatively affect the US markets certainly in the short term that could come from GREECE tomorrow, my assumption is purely based on what I'm seeing in the major indices and VIX chart plus monitoring the USD cash index for clues. Its just the way its setting up at the moment. I have DOW 17982 AND a close beneath 18030 today will reaffirm for a single day put action tomorrow and into next week on DIA for me, could even be quite a big down move so I'm position some long vertical put spread closer to...
this is just a start for further drops coming despite some bounces that will eat into time decays if not out far enough, Apple for 118 is another trade I'm looking at for some kinds spread 2 weeks before its are earning out
  • #9,290
  • Jun 29, 2015 11:26am Jun 29, 2015 11:26am
Quoting Cecil Gee
{quote} this is just a start for further drops coming despite some bounces that will eat into time decays if not out far enough, Apple for 118 is another trade I'm looking at for some kinds spread 2 weeks before its are earning out
Yeppers ... . Could be a productive couple of weeks here ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,291
  • Jun 29, 2015 11:29am Jun 29, 2015 11:29am
Quoting ZebraSquirl
{quote} Yeppers ... . Could be a productive couple of weeks here ... .
yes hopefully been positioned since last Thursday for this on a few spreads, only mistake was not selling naked puts on the VIX, volatility set to move higher
  • #9,292
  • Jun 29, 2015 12:03pm Jun 29, 2015 12:03pm
Quoting Cecil Gee
{quote} this is just a start for further drops coming despite some bounces that will eat into time decays if not out far enough, Apple for 118 is another trade I'm looking at for some kinds spread 2 weeks before its are earning out
could not pass on this earnings trade for APPL dated 20 July, long vertical put spread with a net cost of 8c taken earlier plus comms there is some distance to cover but with the Greece drama continuing that may help out, will look to do others as and when I find them and with different strikes


AAPL Jul 2015 120.000 put (AAPL150724P00120000)
-OPR
1.09 0.29(36.25%) 17:38

AAPL Jul 2015 119.000 put (AAPL150724P00119000)
-OPR
1.01 0.32(46.38%) 17:38
  • #9,293
  • Jun 29, 2015 12:26pm Jun 29, 2015 12:26pm
what man dare fade the VIX spike aarrrgghhh?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,294
  • Jun 29, 2015 12:34pm Jun 29, 2015 12:34pm
Quoting Cecil Gee
{quote} yes hopefully been positioned since last Thursday for this on a few spreads, only mistake was not selling naked puts on the VIX, volatility set to move higher
Have kicked myself several times for not getting in at the dip to 12 last week ... . Could have been in and out quick and dirty ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,295
  • Jun 29, 2015 12:40pm Jun 29, 2015 12:40pm
Quoting The Fool
what man dare fade the VIX spike aarrrgghhh?
(Checks man nuggets) ... . Nope, not big enough ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,296
  • Jun 29, 2015 1:00pm Jun 29, 2015 1:00pm
UVXY sailing off, TLT breaking out, SPY giving up 2070, EURUSD closed the gap ... . Could watch all day, but did what I wanted to do: got out of my short call SPY vert fatties ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #9,297
  • Jun 29, 2015 1:25pm Jun 29, 2015 1:25pm
Quoting ZebraSquirl
UVXY sailing off, ... .
UVXY up $9 .... ... I gotta tie my pecker to my leg....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,298
  • Jun 29, 2015 3:01pm Jun 29, 2015 3:01pm
Quoting Cecil Gee
{quote} I may of closed early this may end up 400 points down also remember I've been talking about that 17600 level for a few weeks now, take that out then I'm looking for a further 1000 point drop over the coming months. Its healthy to get a correction of some sort now as the US will be gearing up to its elections next year and usually that coincides with a continuation of a bull market. Thanks T.F.
the above quote was made in APRIL and today we had a low of 17600 again before we bounced of slightly, we have bounced of this area a few times but this time it may go then the above could happen
  • #9,299
  • Jun 29, 2015 3:01pm Jun 29, 2015 3:01pm
Quoting The Fool
{quote} UVXY up $9 .... ... I gotta tie my pecker to my leg....

wow, up $12+ ...but I didn't touch it....we'll see what tomorrow brings....fading the VIX spikes is the way to go, easier said than done, though....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #9,300
  • Jun 29, 2015 3:08pm Jun 29, 2015 3:08pm
Quoting Cecil Gee
{quote} could not pass on this earnings trade for APPL dated 20 July, long vertical put spread with a net cost of 8c taken earlier plus comms there is some distance to cover but with the Greece drama continuing that may help out, will look to do others as and when I find them and with different strikes AAPL Jul 2015 120.000 put (AAPL150724P00120000) -OPR 1.09 0.29(36.25%) 17:38 AAPL Jul 2015 119.000 put (AAPL150724P00119000) -OPR 1.01 0.32(46.38%) 17:38
already up to 34c net debit on APPLE trade, holding for more
17 traders viewing now