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Let's Trade Options

  • #14,021
  • Aug 15, 2016 10:16pm Aug 15, 2016 10:16pm
Quoting The Fool
no point in trading vol in a market devoid of it.
filled 9/16 VXX $30/$29 bull vert puts @ 14c today
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,022
  • Aug 16, 2016 6:28pm Aug 16, 2016 6:28pm
Quoting The Fool
this CREE DC cost 13c, it might be worth 18c tomorrow, ER day.....CREE didn't move, price still at mid zone of the DC, so I will have to close out everything to net out a nickel with heavy comm loss.....iv's dropped 7% ahead of the ER.........
couldn't get out with anything decent pre-ER, decided to let it ride. I see CREE dropped to around $25.50 after the release......we'll see how much of an iv drop there was, I might make out OK if the put calendars pin on my $25 (or $26) strikes...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,023
  • Aug 17, 2016 10:47am Aug 17, 2016 10:47am
Quoting The Fool
{quote}couldn't get out with anything decent pre-ER, decided to let it ride. I see CREE dropped to around $25.50 after the release......we'll see how much of an iv drop there was, I might make out OK if the put calendars pin on my $25 (or $26) strikes...
$23.50....a 14% drop....damn, I shoulda strangled him. If CREE sp bounces a little to close the week, I could find a perfect calendar finish @ $25-$26....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,024
  • Aug 17, 2016 11:01am Aug 17, 2016 11:01am
Quoting The Fool
{quote} $23.50....a 14% drop....damn, I shoulda strangled him. If CREE sp bounces a little to close the week, I could find a perfect calendar finish @ $25-$26....
How are you fool? Life treating you well? Haven't heard from you lately

I finally got my promotion talked about so many moons ago.

Traffic Program Manager. Not to be confused with City Traffic Engineer, equal to civil engineer 3 on the scale of things.
  • #14,025
  • Aug 17, 2016 12:59pm Aug 17, 2016 12:59pm
Quoting Pharm0r
How are you fool? Life treating you well? Haven't heard from you lately I finally got my promotion talked about so many moons ago. Traffic Program Manager.
Hey Bud, I've been busy. 'Grats on the new title. I've always thought traffic was kinda cool, at the pointy-head end where they do some interesting math modeling. Whenever I have any kind of revision to do, though, I just farm it out.

Trading has been sucky - epic low volatility. I am just hanging around with some dry powder in case things change.....they will, eventually.

Best to ya....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,026
  • Aug 17, 2016 9:05pm Aug 17, 2016 9:05pm
Quoting Pharm0r
Traffic Program Manager. Not to be confused with City Traffic Engineer, equal to civil engineer 3 on the scale of things.
Didn't you use to work on the boats?
You reap what you sow.
  • #14,027
  • Aug 18, 2016 7:34am Aug 18, 2016 7:34am
Quoting NorthTrader
{quote} Didn't you use to work on the boats?
I was in the Navy when I was younger
  • #14,028
  • Aug 18, 2016 7:36am Aug 18, 2016 7:36am
Quoting The Fool
{quote}Hey Bud, I've been busy. 'Grats on the new title. I've always thought traffic was kinda cool, at the pointy-head end where they do some interesting math modeling. Whenever I have any kind of revision to do, though, I just farm it out. Trading has been sucky - epic low volatility. I am just hanging around with some dry powder in case things change.....they will, eventually. Best to ya....
We just farm everything out- no point in having a PE to be honest, not on the government side of things.

Same here- have everything lined up to buy equities if ever they should fall "if ever". Hopefully I wont be retired by then....you're in the Golden State aren't you? Hope those fires aren't near you
  • #14,029
  • Aug 18, 2016 8:20am Aug 18, 2016 8:20am
Quoting Pharm0r
{quote} I was in the Navy when I was younger
Me too. Oil and gas carriers though, not those ones with guns
You reap what you sow.
  • #14,030
  • Edited 9:30am Aug 18, 2016 9:07am | Edited 9:30am
Quoting Pharm0r
you're in the Golden State aren't you? Hope those fires aren't near you
no, WA (Evergreen)...last year was the epic wildfire year here......wetter this year.

Well, sideways market thumbing nose at most of my trades....really it's a good time to be sidelined and work my other jobs....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,031
  • Edited 1:36pm Aug 18, 2016 9:17am | Edited 1:36pm
perfect fail for CSCO DC.....iv's were flat going in to the ER, but still fell after it, while the share price didn't move much......I can let it ride and have a 4$-wide strangle for next week, another turd waiting to stink...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,032
  • Aug 18, 2016 11:55pm Aug 18, 2016 11:55pm
..... fuck I don't even know....will there ever be market volatility ever again?
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,033
  • Aug 19, 2016 3:05pm Aug 19, 2016 3:05pm
sure......lol

http://realmoney.thestreet.com/artic...x-call-options
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,034
  • Aug 19, 2016 7:55pm Aug 19, 2016 7:55pm
Quoting The Fool
..... fuck I don't even know....will there ever be market volatility ever again? {image}
I thought last summer blew ... . This blows wayyy harder ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #14,035
  • Aug 19, 2016 8:09pm Aug 19, 2016 8:09pm
Quoting ZebraSquirl
I thought last summer blew ... . This blows wayyy harder ... .
I heard that. Something else blows: I had a spread mismatch go against me at E*Slobs this week. No margin call, but they were holding some $k's in margin and my bp was near nill. This was for some VXX calendars that were split and are now all worthless....I'm just letting them run to expire worthless. So I called in. First guy, I tried walking him thru all my valid margined trades. He did not know what a diagonal spread is. OK, let me get you to somebody in our derivatives dept......on hold 20 min....next guy, did not know what a diagonal spread is, but he did see the glitch on my VXX calendars, so he said he'd try to get it fixed by Monday. Meanwhile I was shut out of the account several days. This is a situation where their computer mis-matches legs of a spreads. So, if you have say VXX Sept/Oct $20, $23, $25 call calendars.....say a 10 lot, 8 lot and 12 lot....all put on at different times. Should be no margin required for calendars, right? Of course, but their computer grabs 8 @ $20 and matches it against 12 @ $25.....dings you for $4k margin.....Why? Duh....stoopid machines, people minding the shop don't even understand the basics of spreading.....fml....I should just find a different hobby....

Hope you've been doing well, zeebs....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,036
  • Aug 19, 2016 8:13pm Aug 19, 2016 8:13pm
Quoting The Fool
I heard that. Something else blows: I had a spread mismatch go against me....
Second time that has happened this year. Anyway, I filled the wide Oct UVXY calls fly shown just above, w/o the Kahuna vert.....for 33c.

I am counting on the Fed to talk it up at Jackson Hole....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,037
  • Aug 19, 2016 8:44pm Aug 19, 2016 8:44pm
Quoting The Fool
sure......lol http://realmoney.thestreet.com/artic...x-call-options
If history repeats itself, then this would be the time to get bullish on VIX. But, history has not been proven this year. Sell and go away in May was non existent. As well as August has been bullish in comparison. Regardless, I'm putting my monopolies on the VIX bulls coming Monday.
  • #14,038
  • Aug 19, 2016 8:50pm Aug 19, 2016 8:50pm
the long vol dream never dies......just give yourself lotsa time, maybe long shares outright.....something will pop, some day.

The nice thing about supercheap call spreads with lots of time: if there is a vol spike, they will make money, the strikes are not that important. The wider, the better, both between strikes (in a fly, for instance) and in time.....you pay more for both, but you get what you pay for, generally.

Have not seen you in a while, pete - have you been trading? Boy, they really messed up the boards over on Yahoo, huh - I think I remember you from the UVXY board, no....?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,039
  • Aug 19, 2016 9:02pm Aug 19, 2016 9:02pm
Quoting The Fool
the long vol dream never dies......just give yourself lotsa time, maybe long shares outright.....something will pop, some day. The nice thing about supercheap call spreads with lots of time: if there is a vol spike, they will make money, the strikes are not that important. The wider, the better, both between strikes (in a fly, for instance) and in time.....you pay more for both, but you get what you pay for, generally. Have not seen you in a while, pete - have you been trading? Boy, they really messed up the boards over on Yahoo, huh - I think I...
Hey Fool. Yes I've been on the sidelines for a while, since this unrealistic over aged bull run had me feeling claustrophobic. The Yahoo message board is a mess and hard on the eyes (not sure what they were thinking when they made the change).

Made plenty after Brexit but lost it all the week after, when volatility when the opposite direction. Got lucky with CSIQ / BABA and now MRO. Holding long spreads for NVDA and TMUS. New favorite UNP. Been waiting to jump in VIX and after you posted that article; I'm going swimming and hopefully not against the current this time.

This is way overdue and should happen soon. If not, then I will be a supporter of Trump.
  • #14,040
  • Aug 19, 2016 9:22pm Aug 19, 2016 9:22pm
Quoting peterdrill
{quote} Hey Fool. Yes I've been on the sidelines for a while, since this unrealistic over aged bull run had me feeling claustrophobic. The Yahoo message board is a mess and hard on the eyes (not sure what they were thinking when they made the change). Made plenty after Brexit but lost it all the week after, when volatility when the opposite direction. Got lucky with CSIQ / BABA and now MRO. Holding long spreads for NVDA and TMUS. New favorite UNP. Been waiting to jump in VIX and after you posted that article; I'm going swimming and hopefully not...
I'm also looking at VIAB for a short term bullish play. August options expired and peak front open interest sits in at the Sept 45 Call. Abundance of calls overhead should accelerate short term resistance in the $45 area.

Another one I'm looking at: EMR. Several downgrades and price cut target to $44.
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