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  • #14,601
  • Feb 2, 2017 11:56pm Feb 2, 2017 11:56pm
Quoting Wulfgar
Ya man I love calenders, cheap an you now your risk, plus its great to keep rolling the short unit once it expires. I put in a SPY 223 one recently that totally sucked, haha. But its all I saw at the time.
...I'm a bargain hunter on em, sometimes in the long-dated SPY and SPX you can find super-cheap sets that have a chance. I filled a 2c $225 SPY call calendar about a week or more wide not long ago and it pinned $225 on D-day for 40bag. I tell random hobos that and they're like in awe....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,602
  • Feb 3, 2017 7:30am Feb 3, 2017 7:30am
Quoting The Fool
{quote}...I'm a bargain hunter on em, sometimes in the long-dated SPY and SPX you can find super-cheap sets that have a chance. I filled a 2c $225 SPY call calendar about a week or more wide not long ago and it pinned $225 on D-day for 40bag. I tell random hobos that and they're like in awe....

I get it man. I like buying cheap options for a nickel or less right before expiration, Ill lose my 50 bucks or whatever most days but every few weeks Ill make 5k. Easier to tell the woman I lost $50 almost daily than losing 1500+
Attached Image
  • #14,603
  • Feb 3, 2017 7:53am Feb 3, 2017 7:53am
roll back Dodd-Frank....don't bet against the Squid....
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-03_0545gs.png Size: 75 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,604
  • Feb 3, 2017 7:58am Feb 3, 2017 7:58am
The squid by itself has been +20% of the DJI's rally. I got one of those breakout options plays floating around on GS still from after the election
  • #14,605
  • Feb 3, 2017 8:02am Feb 3, 2017 8:02am
GS up $4 in premarket
  • #14,606
  • Feb 3, 2017 8:09am Feb 3, 2017 8:09am
if DJT can stay off twitter, we should see some spoos rally action into next week. I have SPX Feb3/6 2290 calendar calls, will close today for $1+ NET
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,607
  • Feb 3, 2017 8:19am Feb 3, 2017 8:19am
Quoting The Fool
if DJT can stay off twitter, we should see some spoos rally action into next week. I have SPX Feb3/6 2290 calendar calls, will close today for $1+ NET
Nice, he was blowing up twitter this AM. Tore Arnold a new one, shook his dick at Iran, and took the typical jab at the "dishonest" media

Goldman could be a gap-and-go type day today... lookin to place a position at the open Jun 210/240 breakout position for about a $2 credit and $65 deltas

Seriously doubt the squid will be back at 210 anytime this year.
  • #14,608
  • Feb 3, 2017 8:31am Feb 3, 2017 8:31am
Quoting Wulfgar
doubt the squid will be back at 210 anytime this year.
...LOOK what it did post Oct earns, now looking into open blue sky....I might shop a cheap bull call vert with some time, no telling what it might do...I hate watching a fly go worthless in the rearview....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,609
  • Feb 3, 2017 8:43am Feb 3, 2017 8:43am
I call it the Big Kahuna - cheap diags with a cheaper vert to help protect the upside.....not sure I can fill these so cheap, we'll see....bp hit could be worth it if GS will move up well...
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-03_0640gs2.png Size: 81 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,610
  • Feb 3, 2017 8:43am Feb 3, 2017 8:43am
Quoting The Fool
{quote}...LOOK what it did post Oct earns, now looking into open blue sky....I might shop a cheap bull call vert with some time, no telling what it might do...I hate watching a fly go worthless in the rearview....

Same here... got a shit fill on my position this AM... wanted a $2 credit, ended up paying $2 instead so I had to position size accordingly.... when GS is at $300 Ill be laughin though
  • #14,611
  • Feb 3, 2017 8:44am Feb 3, 2017 8:44am
NFP data showed that Emperor Trump is pretty much saving the world
  • #14,612
  • Feb 3, 2017 8:52am Feb 3, 2017 8:52am
Quoting The Fool
I call it the Big Kahuna - cheap diags with a cheaper vert to help protect the upside.....not sure I can fill these so cheap, we'll see....bp hit could be worth it if GS will move up well... {image}

Whoa, that thing is exotic.
The big Kahuna would go well over here on the islands brah
  • #14,613
  • Feb 3, 2017 8:57am Feb 3, 2017 8:57am
Quoting Wulfgar
Whoa, that thing is exotic. The big Kahuna would go well over here on the islands brah
filled the diag for 9c and the vert for 5c....risking 15c to make max $1.30, b/e's $244 to $278 m/l...rooting for Squid to poke new highs and sit around $255
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,614
  • Feb 3, 2017 8:58am Feb 3, 2017 8:58am
Quoting Wulfgar
NFP data showed that Emperor Trump is pretty much saving the world
DonJon Trump is bigger than the World...too bad we don't have intergalactic travel yet...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,615
  • Feb 3, 2017 9:05am Feb 3, 2017 9:05am
hey have a good one bro....nice to have you back.....I gotta go stretch the old bones in the sauna (sleet on the windowpanes, yikes) and head to the day jawb....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,616
  • Feb 3, 2017 9:12am Feb 3, 2017 9:12am
Quoting The Fool
hey have a good one bro....nice to have you back.....I gotta go stretch the old bones in the sauna (sleet on the windowpanes, yikes) and head to the day jawb....
Good to be back. Be good my friend
  • #14,617
  • Edited 10:40am Feb 3, 2017 10:19am | Edited 10:40am
Quoting The Fool
I call it the Big Kahuna - cheap diags with a cheaper vert to help protect the upside.....not sure I can fill these so cheap, we'll see....bp hit could be worth it if GS will move up well... {image}

If I were to do it slightly differently, via an unbalanced PUT fly, would I be having similar odds to yours?
Margin Hold = $250
BTO Feb17 260p * 1
STO Feb17 257.50p *3
BTO Feb17 255p *2
Credit received - about $2.25
Cost of trade (ie Total Risk) = $0.25
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB

(The screen shot shows a credit of $2.32 which is highly unlikely. I think $2.25cr is more realistic)
  • #14,618
  • Feb 3, 2017 10:53am Feb 3, 2017 10:53am
Interesting, Snoopy, thanks - I will have to look at that when I have tos, later.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,619
  • Feb 3, 2017 11:52am Feb 3, 2017 11:52am
I have 2/17 UVXY $20 long puts, bot for 12c. Worth ~30c now. If we get a big bull balls week next week, they could get atm with a week of time, I'm guessing they might go to 60c. A really nice crash itm would put them at $1+. Could be cat food for a year. Tricky, though, because while the u/l is crashing so is the iv and the options valuation also. I saw this morning they sold for 48c and they dropped to 30c mostly on the iv bleed. I wish I hadda took 48c, I blame Wulfgar....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,620
  • Feb 3, 2017 12:20pm Feb 3, 2017 12:20pm
Quoting The Fool
I have 2/17 UVXY $20 long puts, bot for 12c. Worth ~30c now. ...
hey, those worked out ok, if I can close the deal. ABC! I just bot a little set of 2/24 $17 puts for a nickel....
"If The Fool persists in his Folly he will become wise." - William Blake
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