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  • #11,801
  • Jan 13, 2016 8:52pm Jan 13, 2016 8:52pm
the SVXY BWB (big wide butterfly) above can prolly be had for cheaper if you wait til we get a bit of vix crash....also, you don't have to hold till expiry as there may be good returns in the spread well before then - I have shown the P/L in April, ~2 months b4 expiry....in fact, this is the better way to trade these flys - with plenty time to work.....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,802
  • Jan 13, 2016 8:56pm Jan 13, 2016 8:56pm
10yr weekly candles for SVXY
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,803
  • Edited 9:25pm Jan 13, 2016 9:12pm | Edited 9:25pm
if you don't mind burning some margin, you can break a wing on the flys or do wide long-dated diagonals....Feb/Mar UVXY diag shown needs to burn $2 to get the debit down to 40c, I will keep shopping them....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,804
  • Jan 13, 2016 10:13pm Jan 13, 2016 10:13pm
always looking for pricing anomalies....obviously not gonna fill a long vert for a credit, but if you get in this long dated UVXY vert for 10c you could do well on any big vix spike, especially one in late Q2 (sell in May,,,,go away?)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,805
  • Jan 13, 2016 11:28pm Jan 13, 2016 11:28pm
Quoting The Fool
{quote} show some trades, by all means, even if you are trading futures options,,,,,& welcome to the thread. I have been in the city this week, dealing with medical stuff, hope to be back to the trading obsession before too long....
Sure mate. I will be settling down with IB later on next Monday. Not gonna put anymore trade now since it is going to expired next few days for the contract. Currently waiting for our account department to setup everything with IB now.
  • #11,806
  • Jan 14, 2016 2:02am Jan 14, 2016 2:02am
c'mon gimme a YUM pop on the 2/3 ER --- Feb1 $75/77 vert calls for 15c?
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,807
  • Jan 14, 2016 9:05am Jan 14, 2016 9:05am
MOST TRADES I HAVE NEED TIME TO WORK BUT NFLX ER TRADE IS COMING DUE NEXT WEEK WITH ER ON 1/19.....IVR coming up nicely I just need the share price to move up some, NFLX been getting dinged hard....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,808
  • Jan 14, 2016 9:17am Jan 14, 2016 9:17am
similar trade on AAPL (ER 1/26) not doing as well, needs AAPL to rally > $100
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,809
  • Jan 14, 2016 9:20am Jan 14, 2016 9:20am
Quoting The Fool
c'mon gimme a YUM pop on the 2/3 ER --- Feb1 $75/77 vert calls for 15c?
20c as close as she got on this, YUM sliding bumps the iv's and I won't chase above 20c.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,810
  • Jan 14, 2016 2:25pm Jan 14, 2016 2:25pm
market rally helping all my short vol (short UVXY & long SVXY) trades, but I need rally to find some legs for a week or so....I should look for some premium to sell b4 it's all gone....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,811
  • Jan 14, 2016 2:29pm Jan 14, 2016 2:29pm
Quoting Cecil Gee
{quote} took the trade on a long call USO $9.50 for Fridays expiration, its a high risk trade but risk worthy as I'm in for 3c, yesterdays bottom line has held up today thats not to say it may blow right through tomorrow especially with the data released today. If I can get $8.50 put for 4c before closing then I'll make this into a strangle trade again for Fridays exp USO Jan 2016 9.500 call (USO160115C00009500) -OPR 0.03 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.11(78.57%) 20:06 United States Oil (USO)...
took the put side in oil USO $9 put for 4c, closed the above one at 4c lost a little when you factor in comms cost

USO Jan 2016 9.000 put

0.04 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.10(71.43%)
  • #11,812
  • Jan 14, 2016 2:30pm Jan 14, 2016 2:30pm
Quoting Cecil Gee
{quote} took the put side in oil USO $9 put for 4c, closed the above one at 4c lost a little when you factor in comms cost USO Jan 2016 9.000 put 0.04 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.10(71.43%)
tomorrows expiration
  • #11,813
  • Jan 14, 2016 2:33pm Jan 14, 2016 2:33pm
Quoting The Fool
setting up tomorrow's trades: Jul PBR calls vert - $5/$6 for 4c - great r:r, see if it fills
woulda hadda double that debit, no chase - all my ideas that did not fill were great ideas....so at least I have that...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,814
  • Jan 14, 2016 2:35pm Jan 14, 2016 2:35pm
Quoting Cecil Gee
{quote} took the put side in oil USO $9 put for 4c, closed the above one at 4c lost a little when you factor in comms cost USO Jan 2016 9.000 put 0.04 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.10(71.43%)
yeah, maybe so....sharpshooting with 1-2 dte always a gamble, but your low risk accounts for that. I still think oil will shoot for sub $30 in Q1, we'll see.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,815
  • Jan 14, 2016 2:48pm Jan 14, 2016 2:48pm
Quoting The Fool
c'mon gimme a YUM pop on the 2/3 ER --- Feb1 $75/77 vert calls for 15c?
think I was within 5-10c of this at the open, no chase
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,816
  • Jan 14, 2016 2:49pm Jan 14, 2016 2:49pm
Got in on a nice Big Lizard on the QQQs around the open. Also put on a short vert call spread on SPY at the high of the day short 193c long 196c. Apple rallied back nicely for me today 105 may still be a possibility well see...My oil position was up a bit today almost back to break even on my covered call in USO. My BBY short put spread got KILLED today with BBY down like 9-10%. Overall made some money on the day though so can't complain. My short bond vert call spread is pretty much B/E as well.
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  • #11,817
  • Jan 14, 2016 2:50pm Jan 14, 2016 2:50pm
Quoting The Fool
....Feb/Mar UVXY diag shown needs to burn $2 to get the debit down to 40c, I will keep shopping them....
tried this diag for 40c as shown above, was not close at the open
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,818
  • Jan 14, 2016 2:53pm Jan 14, 2016 2:53pm
Quoting The Fool
$1.35 seems a lot to pay but you can see the r:r is decent and I have adjusted the vols down (-25% from current) to the levels seen when SVXY was last ranging around $60....volatility will not last 4ever
filled the Jun SVXY bwb ($50/60/70 calls) as shown above for $1.20, need a risk rally into Q2. Prolly coulda got it for less if I'd waited.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,819
  • Jan 14, 2016 3:03pm Jan 14, 2016 3:03pm
Quoting thegmann
Apple rallied back nicely for me today 105 may still be a possibility well see...
I was encouraged by AAPL moving up a bit - if it will grind up to $104 by ER week without dropping much IVR, my Jan5 $104 calls calendar will make a bunch...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11,820
  • Jan 14, 2016 9:04pm Jan 14, 2016 9:04pm
huge r:r in the wide Jan '17 USO call verts
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
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