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Let's Trade Options

  • #14,941
  • Mar 29, 2017 7:28pm Mar 29, 2017 7:28pm
$25 for XLF is a high for the last many years but it traded up to $30 and change before the US financial crisis....you could look at cheap call spreads further out in time - maybe Jan '18 $28/29 for 8c....?
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  • #14,942
  • Mar 29, 2017 7:33pm Mar 29, 2017 7:33pm
Quoting The Fool
YEAH I see support generally @ $23....financials should benefit with a rising rate regime on tap ..
not to mention the Squid is running the apparatus behind the curtain, they're looking to roll back Dodd-Frank, etc....maybe GS a better bet?
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  • #14,943
  • Mar 29, 2017 8:18pm Mar 29, 2017 8:18pm
yup
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  • #14,944
  • Mar 30, 2017 6:29am Mar 30, 2017 6:29am
/GC down near $10, I might try to catch a slide back to GLD $115 over the next few weeks.......put vert nothing fancy, 10c risk to net 4x at best
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,945
  • Mar 30, 2017 12:40pm Mar 30, 2017 12:40pm
Quoting Wulfgar
{quote} got a full boat in on Fibre futures. 1.0902 aggregate. I'll close it based on the DXY holding the line
Getting some momo on these things. Got 9 contracts short on this and another 5 on in the Yen futures at a similar level. plus 15 on in gold futures short at 1256 aggregate(Ya I doubled down when we double topped), a boatload of GLD 120 puts for 5.20 aggregate and still sitting on those 20+ Dirty futures from 53.55(I'd like to sell more above 51)

I'm pretty overly bullish on the Greenback and equities obviously. I have some decent put insurance on a few stocks and ETFs but not enough to really protect all my long delta exposure with those huge futures positions

Oh well, no guts, no glory.
  • #14,946
  • Mar 30, 2017 12:42pm Mar 30, 2017 12:42pm
Quoting The Fool
/GC down near $10, I might try to catch a slide back to GLD $115 over the next few weeks.......put vert nothing fancy, 10c risk to net 4x at best {image}
Ya man the big boys dont want the shiny at these prices. I think the squid likes shiny stuff just under $1k
  • #14,947
  • Mar 30, 2017 12:43pm Mar 30, 2017 12:43pm
Quoting The Fool
{quote}not to mention the Squid is running the apparatus behind the curtain, they're looking to roll back Dodd-Frank, etc....maybe GS a better bet? {image}
I waa gonna add to my squid position but I'm starting to get tight on margin and those damn ratio spreads I like gobble it up quick in big boy stocks like the squid
  • #14,948
  • Mar 30, 2017 4:09pm Mar 30, 2017 4:09pm
@ NY open tried to fill GLD and GS spreads as noted just above, no dice. Will look again tomorrow....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,949
  • Mar 31, 2017 9:52am Mar 31, 2017 9:52am
Filled a MS May 43/46 Call spread for a buck... literally risking like .20 of the stocks underlying move...If it drops under 42.60 Ill close it

I usually don't sniper trades like this but it seems like too good of a R:R to pass up. Its like a 20:1 if it hit 46 today...lol
  • #14,950
  • Edited 11:21am Mar 31, 2017 10:53am | Edited 11:21am
Quoting The Fool
spent a quarter on a SPY call calendar, Mar31/Apr5 @ $236
in for 25c out for 52c, prolly about the best I could hope for. To trade these weeklies spreads I have gotten gunshy about putting on Friday trades, let the weekend political tweets and bombshells settle and look on Monday or later. I have some SPX Fri/Mon call calendars that have come up short ($239) so we'll see if the long legs catch a break next Monday.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,951
  • Mar 31, 2017 11:23am Mar 31, 2017 11:23am
Putin?

http://www.cnbc.com/2017/03/31/myste...ity-spike.html

"In total, the party that has become known as "50 Cent" after its favorite purchase price has spent about $90 million, and has already seen $55 million worth of purchased options expire worthless."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,952
  • Mar 31, 2017 12:13pm Mar 31, 2017 12:13pm
idk what it takes to move the ^VIX anymore. It has to be something completely out of the blue, a surprise not baked into the pie. I don't mind putting on some long vix trades thru the etn's or whatever, but I will always do it with cheap spreads...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,953
  • Mar 31, 2017 1:59pm Mar 31, 2017 1:59pm
Quoting The Fool
{quote}in for 25c out for 52c, prolly about the best I could hope for. To trade these weeklies spreads I have gotten gunshy about putting on Friday trades, let the weekend political tweets and bombshells settle and look on Monday or later. I have some SPX Fri/Mon call calendars that have come up short ($239) so we'll see if the long legs catch a break next Monday.
$236 SPY calls calendar closed worth about 60c .... SPY closed at $235.75 so I coulda held for 3 days into the long calls next week maybe catch a pop.....oh well, these things are always dicey if you take them to the last hours....if your name is pinning the strike best scenario is to have a big pile so you can take some off with a nice 2x-3x profit and leave the rest for a shot at glory in the following days
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,954
  • Apr 2, 2017 11:12pm Apr 2, 2017 11:12pm
NFP week on tap and let's see if we can get the new quarter off with a retest of spoos highs - I am loading SPX Apr7/10 2,400 calendar calls for 25c, will pay a little more
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,955
  • Apr 3, 2017 8:32am Apr 3, 2017 8:32am
Quoting The Fool
NFP week on tap and let's see if we can get the new quarter off with a retest of spoos highs - I am loading SPX Apr7/10 2,400 calendar calls for 25c, will pay a little more
filled at 20c..great trade foo, way to catch the pullback backasswards. A month b4 the heart of Q1 earnings, could be a good time for a real pullback....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,956
  • Apr 3, 2017 12:16pm Apr 3, 2017 12:16pm
Quoting The Fool
Putin? http://www.cnbc.com/2017/03/31/myste...ity-spike.html "In total, the party that has become known as "50 Cent" after its favorite purchase price has spent about $90 million, and has already seen $55 million worth of purchased options expire worthless."
I didnt wanna tell you bro. But I'm "Fitty-cent"

I'm quiet this week. Trades getting whipped around and the mother-in-law is visiting from Michigan so I'm absorbing body shots from all sides.
  • #14,957
  • Apr 3, 2017 12:29pm Apr 3, 2017 12:29pm
bro there's a 12 step program for long vol traders.....hope springs eternal, though - anyway I just don't see it...sideways is the new down. Even today, the spoos was down >0.5% for most of the morning & now looks like it wants to finish flat. You just can't kill the Boogie Man....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,958
  • Apr 3, 2017 12:46pm Apr 3, 2017 12:46pm
Quoting The Fool
bro there's a 12 step program for long vol traders.....hope springs eternal, though - anyway I just don't see it...sideways is the new down. Even today, the spoos was down >0.5% for most of the morning & now looks like it wants to finish flat. You just can't kill the Boogie Man....
Ya it's killing all my vert debit spreads. Even big directional moves are not really pushing vol anywhere. Without Vega options trading is a grind.

Good time to play the futures and currency markets.

I'm gonna crack open my TST accnt nxt week. I have 180k in there from the combine I haven't touched in awhile.
  • #14,959
  • Apr 5, 2017 10:17am Apr 5, 2017 10:17am
Quoting Wulfgar
{quote} Getting some momo on these things. Got 9 contracts short on this and another 5 on in the Yen futures at a similar level. plus 15 on in gold futures short at 1256 aggregate(Ya I doubled down when we double topped), a boatload of GLD 120 puts for 5.20 aggregate and still sitting on those 20+ Dirty futures from 53.55(I'd like to sell more above 51) I'm pretty overly bullish on the Greenback and equities obviously. I have some decent put insurance on a few stocks and ETFs but not enough to really protect all my long delta exposure with...
filled another 6 contracts at 51.72.
30 contracts on dirty aggregate 53.16 entry now.

I'd like to see 36 in the next few month's. maybe China or russia will drop the petrodollar?
  • #14,960
  • Apr 5, 2017 11:24am Apr 5, 2017 11:24am
boogie chilluns....lets get this bullmarket 2,400 breakout going....I filled a SPY call calendar Apr7/Apr12 @ $240 today for 11c, hope to run some of it into next week on the bo. I have similar SPX 2,400. Not shooting at anything short other than cheap SPY put and UVXY call spreads out in time
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"If The Fool persists in his Folly he will become wise." - William Blake
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