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  • #661
  • Feb 7, 2017 3:30pm Feb 7, 2017 3:30pm
One of the handful of options traders in StockTwits worth following:

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The rest -- pretty much directional traders using options as leveraging instruments -- way not my "thang."
Fireworks are fun ... as long as you don't blow your fingers off.
  • #662
  • Feb 8, 2017 6:21pm Feb 8, 2017 6:21pm
Trade Idea: ATVI Feb 17th 34/38.5/40/44.5 iron condor for a 2.31 cr; BPE/max loss: 2.19; BE's at 36.19/42.31 (High IVR/High IV; Earnings).

Don't believe I've played this puppy before ... . Background IV is not quite at 50%, but it'll have to do in this slim pickins market ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #663
  • Feb 9, 2017 5:19pm Feb 9, 2017 5:19pm
Quoting ZebraSquirl
Trade Idea: ATVI Feb 17th 34/38.5/40/44.5 iron condor for a 2.31 cr; BPE/max loss: 2.19; BE's at 36.19/42.31 (High IVR/High IV; Earnings). Don't believe I've played this puppy before ... . Background IV is not quite at 50%, but it'll have to do in this slim pickins market ... .
One-pennied it. Filled for a 2.30 credit.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #664
  • Feb 9, 2017 5:20pm Feb 9, 2017 5:20pm
Covering: VIX Mar 22nd 16/19 short call vert for a .35 db. In for .71, out for .35; $36 gross profit per contract.

Basically, taking it off at 50% max profit with 40 DTE.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #665
  • Feb 9, 2017 8:20pm Feb 9, 2017 8:20pm
Quoting ZebraSquirl
Trade Idea: ATVI Feb 17th 34/38.5/40/44.5 iron condor for a 2.31 cr; BPE/max loss: 2.19; BE's at 36.19/42.31 (High IVR/High IV; Earnings). Don't believe I've played this puppy before ... . Background IV is not quite at 50%, but it'll have to do in this slim pickins market ... .
Given the move post-announcement, probs going to roll up the 38.5 short put to the 40 strike (same expiry) ... . I don't see it giving up everything and drifting back down to 40 by expiry (Feb 17th).
Fireworks are fun ... as long as you don't blow your fingers off.
  • #666
  • Feb 9, 2017 9:07pm Feb 9, 2017 9:07pm
Quoting ZebraSquirl
Covering: VIX Mar 22nd 16/19 short call vert for a .35 db. In for .71, out for .35; $36 gross profit per contract. Basically, taking it off at 50% max profit with 40 DTE.
3/3 for these "Term Structure"/50 delta short call vert VIX trades so far this year, taking profit at 50% max (haven't had to roll a setup, either). Naturally, VIX has been doing largely nothing beyond "down" and "staying down," so it's been easy money. If we do ever get a significant pop such that I have to roll some of these setups, I'll probably change my tune ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #667
  • Feb 10, 2017 5:40pm Feb 10, 2017 5:40pm
Busy day:

Covering FXE Feb 17th 101 short call for a 2.24, scratching a broken fly setup. The entire chain is here: https://www.tradingview.com/chart/FX...-105-IRON-FLY/ The 107 long call is no bid, so will let it expire worthless in the absence of some ginormous pop.

Covering: NVDA March 17th 100/105/140/145 iron condor for an .87 db; in for a 1.57 credit, out for .87 -- $70 max profit/contract. Not quite 50% max, but with 35 days to go, taking profit here.

Covering: ATVI Feb 17th 38.5 short put for a .05 debit. The long put is no bid, so will let it expire worthless. The short call side I rolled out a week to the Feb 24th 40.5/48.5 for a 1.27 credit (not the greatest roll; I probably could've improved the short call strike a little more with that, but was working with my iPhone ... not ideal). Will putz with adding some short put side back in next week ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #668
  • Feb 10, 2017 11:21pm Feb 10, 2017 11:21pm
I needs me some long delta:

TRADE IDEA: SPY MAY 19TH 212/MARCH 17TH 224 SHORT PUT DIAGONAL

The low-down is here: https://www.tradingview.com/chart/SP...-PUT-DIAGONAL/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #669
  • Feb 12, 2017 12:13pm Feb 12, 2017 12:13pm
Next week, in a nutshell. There isn't much to play from a premium selling or "quality" standpoint: https://www.tradingview.com/chart/TM...IMMER-PICKINS/
Fireworks are fun ... as long as you don't blow your fingers off.
  • #670
  • Feb 12, 2017 12:15pm Feb 12, 2017 12:15pm
Quoting ZebraSquirl
I needs me some long delta: TRADE IDEA: SPY MAY 19TH 212/MARCH 17TH 224 SHORT PUT DIAGONAL The low-down is here: https://www.tradingview.com/chart/SP...-PUT-DIAGONAL/
I may use IWM or the Q's for this, since I already have SPY setups on ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #671
  • Feb 12, 2017 2:37pm Feb 12, 2017 2:37pm
TastyWorks: Going on six weeks since signing up for an invite, so I'm assuming the waiting period to even begin the application process to open an account is six to eight weeks, possibly more. I can only assume that they experienced a deluge of requests once they published their fee schedule on Jan 3rd, which is when I put in mine ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #672
  • Feb 12, 2017 7:03pm Feb 12, 2017 7:03pm
TW account funded by check was fast enough, now I have to revisit the Dough (basically, right?) platform. I never liked the GUI thing but they now have a "table" or chain based part to it.....I don't quite get the diagonal above, but that might be a good sign....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #673
  • Feb 13, 2017 5:36pm Feb 13, 2017 5:36pm
Quoting The Fool
TW account funded by check was fast enough, now I have to revisit the Dough (basically, right?) platform. I never liked the GUI thing but they now have a "table" or chain based part to it.....I don't quite get the diagonal above, but that might be a good sign....
To me, it looks like a ToS/Dough hybrid ... . You can either use the "old school" chains (which are growing on me) or the graphical version with the tiles, the BS curve, SD lines, colorized profit zones ... .

That diagonal's just a calendarized spread set up with certain delta characteristics for the short and the long ... . This market leads to putzing, not all of which is productive ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #674
  • Feb 13, 2017 5:44pm Feb 13, 2017 5:44pm
Yeah, I know you were shooting for a delta balance trade, I just would have sold the front leg for more I guess. I am shopping time spreads for a Q2 shake-up on the Make Europe Great Again election effects......but mostly raising cash, pretty close to all cash actually....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #675
  • Feb 13, 2017 5:46pm Feb 13, 2017 5:46pm
Quoting ZebraSquirl
To me, it looks like a ToS/Dough hybrid ... . You can either use the "old school" chains (which are growing on me)
yes I think that will be workable, I don't need much, really just need the platform to not get in the way - the graphical thing is junque
"If The Fool persists in his Folly he will become wise." - William Blake
  • #676
  • Feb 13, 2017 7:03pm Feb 13, 2017 7:03pm
Quoting The Fool
Yeah, I know you were shooting for a delta balance trade, I just would have sold the front leg for more I guess. I am shopping time spreads for a Q2 shake-up on the Make Europe Great Again election effects......but mostly raising cash, pretty close to all cash actually....
I still have a handful of odds and ends on, but this "feels like summer low vol" goes on for a couple of more weeks ... . I'll go bonkers ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #677
  • Feb 13, 2017 7:07pm Feb 13, 2017 7:07pm
Quoting The Fool
{quote} yes I think that will be workable, I don't need much, really just need the platform to not get in the way - the graphical thing is junque
Same here. Mainly looking for the low, per contract fees, along with the IVR/IV screeners, and that's about it, frankly. If there is some improvement with execution at the mid, well, I guess I could take that, too ... . Other bells and whistles, I don't need so much ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #678
  • Feb 14, 2017 10:14am Feb 14, 2017 10:14am
Opening: ATVI March 31st 39/42.5 short put vert for a .39 ($39)/contract credit. This is a little bit of put side pro for a broken earnings play call side ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #679
  • Feb 14, 2017 12:48pm Feb 14, 2017 12:48pm
Rolling: SPY April 21st 211/214 to 220/223 short put vert for a .19 cr (rolling to the 20-delta short put). This is part of an iron condor. Just doing a little delta balancing here, since this bull move seems to be unrelenting.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #680
  • Feb 14, 2017 3:08pm Feb 14, 2017 3:08pm
Covering: VIX April 17/20 short call vert for a .37 db (50% max). In for .75, out for .37, .38 ($38) gross profit per contract with 63 DTE. Still have a May 16/19 on ... .
Fireworks are fun ... as long as you don't blow your fingers off.
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