Let's Trade Options | Page 752 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Let's Trade The News V 0.4 ! 479 replies

Any Options, Bull Options & Option Bit 39 replies

Let's Trade The News! 46 replies

Let a trade develop? 17 replies

Attachments: Let's Trade Options
Exit Attachments

Let's Trade Options

  • #15,021
  • Apr 24, 2017 1:26pm Apr 24, 2017 1:26pm
Quoting The Fool
SHLD keeps sliding, even on a +1.0% market day like today, sorry I didn't fill bear spreads last week when it topped at $14. To do this week is to watch for extreme ER spikes to fade......names later...
Sensei,

I have been searching all day to find a good Vanilla FX Options Brokers. The only one i found was Saxo Bank and the liquidity is really horrible. It really confounds me, i thought finding a broker for demo trading should have been easy, but it is not.

I really need your help, kindly specify any brokers names. I want to get started in Demo Trading.

Sensei, i request you to please give me a list of brokers{If not posting here, PM is also fine}...I will do my due diliegence and I am some way from trading live. Help me get started in demo trading...

Thanks
  • #15,022
  • Apr 24, 2017 1:36pm Apr 24, 2017 1:36pm
Quoting aaven
Help me get started in demo trading... Thanks
I don't know who will take you with an account originating in India. However, if you just want to paper trade, the simplest thing is to get a pencil and a notebook. You can find all the US equity options chains on Yahoo Finance. The data is delayed but only by 15m, I think. Write down your trades using the actual mids in the bid/asks and you will be not too far off if you are looking at names with good liquidity. Follow your trades and close/adjust. That is the truest meaning of "paper trading" and it's how I started, forces you to look at the chains, do the simple math involved, etc. Good Luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,023
  • Apr 24, 2017 1:45pm Apr 24, 2017 1:45pm
trying to fill UVXY May5 $16/$16.5 bull calls for 11c, not happening, might be cheaper tomorrow. I am pretty sure this rally will be short-lived, have been wrong in this same sentiment many times b4....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,024
  • Apr 24, 2017 2:22pm Apr 24, 2017 2:22pm
Quoting The Fool
{quote}I don't know who will take you with an account originating in India. However, if you just want to paper trade, the simplest thing is to get a pencil and a notebook. You can find all the US equity options chains on Yahoo Finance. The data is delayed but only by 15m, I think. Write down your trades using the actual mids in the bid/asks and you will be not too far off if you are looking at names with good liquidity. Follow your trades and close/adjust. That is the truest meaning of "paper trading" and it's how I started, forces you to look at...
Sensei,

Thanks for responding. I have looked at options on equities, they have too many gap openings for my taste. About the account opening,I will be moving to State Side soon. My focus is on FX options, i mean i am looking to explore the possibility of using FX options alongside the FX spot trades.

I could really use couple of broker suggestions/ a nudge in the right direction/any source, so that i can explore the option pricing, option strategies and any liquidity problems etc...

Thanks
  • #15,025
  • Apr 24, 2017 2:55pm Apr 24, 2017 2:55pm
aaven, sounds like you need a good US broker who will deal spot fx and fx options, ideally in the same account. I don't have any that I can recommend. Maybe someone else who stops by here would care to....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,026
  • Apr 24, 2017 2:56pm Apr 24, 2017 2:56pm
Quoting The Fool
trying to fill UVXY May5 $16/$16.5 bull calls for 11c, not happening, might be cheaper tomorrow. I am pretty sure this rally will be short-lived, have been wrong in this same sentiment many times b4....
boondoggle filled at 11c, prolly back to Step 1 for me in the long vol trade 12-step program....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,027
  • Apr 24, 2017 9:49pm Apr 24, 2017 9:49pm
Quoting The Fool
{quote}boondoggle filled at 11c, prolly back to Step 1 for me in the long vol trade 12-step program....
I am holding off any short calls this week as trump is planning to release his corporate tax plan on wed. Any bullish corporate rhetoric from him can send bulls into wild frenzy and can drive Dow over 21K
  • #15,028
  • Apr 24, 2017 9:56pm Apr 24, 2017 9:56pm
Quoting The Fool
aaven, sounds like you need a good US broker who will deal spot fx and fx options, ideally in the same account. I don't have any that I can recommend. Maybe someone else who stops by here would care to....
Thanks Sensei for the support.
  • #15,029
  • Apr 24, 2017 9:57pm Apr 24, 2017 9:57pm
Quoting charron
I am holding off any short calls this week as trump is planning to release his corporate tax plan on wed. Any bullish corporate rhetoric from him can send bulls into wild frenzy and can drive Dow over 21K
it appears I am a lonely bear
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,030
  • Apr 25, 2017 8:57am Apr 25, 2017 8:57am
Quoting aaven
{quote} Sensei, Thanks for responding. I have looked at options on equities, they have too many gap openings for my taste. About the account opening,I will be moving to State Side soon. My focus is on FX options, i mean i am looking to explore the possibility of using FX options alongside the FX spot trades. I could really use couple of broker suggestions/ a nudge in the right direction/any source, so that i can explore the option pricing, option strategies and any liquidity problems etc... Thanks
I use https://www.interactivebrokers.com
My Toronto contact told me that they have a office in Bombay
They are cheap and efficient for Options

Try calling them during NY time
+91 22 61289888 Direct dial
+91 22 39696188 Direct dial
  • #15,031
  • Apr 25, 2017 11:51am Apr 25, 2017 11:51am
Quoting The Fool
{quote}it appears I am a lonely bear
Actually, I am also slightly bearish and looking for reversal opportunities but do not have balls to stand in front of this freight train. Sharpening my knives to slaughter those fat bulls, so to speak. However, it is very crucial to catch the right bull and not get gored in the backside
  • #15,032
  • Apr 25, 2017 12:13pm Apr 25, 2017 12:13pm
Quoting charron
{quote} I use https://www.interactivebrokers.com My Toronto contact told me that they have a office in Bombay They are cheap and efficient for Options Try calling them during NY time +91 22 61289888 Direct dial +91 22 39696188 Direct dial
Thanks Charron for the recommendation/pointing out in the right direction. It's a great help indeed!!!

May i ask do you trade FX options as well?

Thanks
  • #15,033
  • Apr 25, 2017 1:32pm Apr 25, 2017 1:32pm
Quoting aaven
{quote} Thanks Charron for the recommendation/pointing out in the right direction. It's a great help indeed!!! May i ask do you trade FX options as well? Thanks
I trade options verticals through currency ETFs - FXB and FXE specifically. Not directly thorugh FX Options
I find Currency ETF easier
  • #15,034
  • Apr 25, 2017 2:07pm Apr 25, 2017 2:07pm
Quoting The Fool
trying to fill UVXY May5 $16/$16.5 bull calls for 11c, not happening, might be cheaper tomorrow. I am pretty sure this rally will be short-lived, have been wrong in this same sentiment many times b4....
right, at least these long vol spreads have some time.....most of the money at risk is in the VXX Jun/Sep calendars
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,035
  • Apr 26, 2017 9:54am Apr 26, 2017 9:54am
Quoting Wulfgar
{quote} Dude that is waaaay above my skill set. I cant even imagine surfing waves like that is fun. I like 5-7 foot sets. That's plenty big and at least I don't feel like I'm going to die. Heading out now. Closed my Yen longs for a solid 8:1 R:R last night. Dxy rolling back down to levels that I wanna buy USD at. May add to my Euro shorts. opened a Bullish credit spread on X today May Monthly 25/28 put spread for 1.08 credit. I'm out with a close under 28. Other than that no new trades. Ate a loss on my EFA put spread last week.

Ow, my balls!!
  • #15,036
  • Apr 26, 2017 10:18am Apr 26, 2017 10:18am
Ill add more to my GC shorts if we jump up to 1268.40-1270. Potential for a major selloff is there with the tax cuts on the docket. Same with Bonds. Little rally on the 10 year note to 125'17 gets me short the contract. I figure with as tight of stops as I want to use on these I might as well use futures leverage instead of options on TLT.

Crude looks good if it spikes to 50.65

Not really much going on with stocks on the radar right now. I have my list and alarms set but its been quiet.
  • #15,037
  • Apr 26, 2017 10:24am Apr 26, 2017 10:24am
On a side note. X might be a generational play long if it dips below 20. Ill be waiting to buy the stock down there for my retirement account.
  • #15,038
  • Apr 26, 2017 10:31am Apr 26, 2017 10:31am
Quoting The Fool
{quote}I don't know who will take you with an account originating in India. However, if you just want to paper trade, the simplest thing is to get a pencil and a notebook. You can find all the US equity options chains on Yahoo Finance. The data is delayed but only by 15m, I think. Write down your trades using the actual mids in the bid/asks and you will be not too far off if you are looking at names with good liquidity. Follow your trades and close/adjust. That is the truest meaning of "paper trading" and it's how I started, forces you to look at...

^^^^ TITCR

honestly most would probably be more profitable doing this as well.

I have all my old notebooks with risk graphs mapped out on graph paper from the late 90's
  • #15,039
  • Apr 26, 2017 12:01pm Apr 26, 2017 12:01pm
Quoting The Fool
it appears I am a lonely bear
lonely and sad....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,040
  • Apr 26, 2017 12:03pm Apr 26, 2017 12:03pm
Quoting The Fool
{quote}SHLD still a good short methink, could go back to $5 in a market selloff & with everybody talking shit about it.
sad I missed an entry short at $14 by a few centavos, been a steady slide to <$11 now...
"If The Fool persists in his Folly he will become wise." - William Blake
39 traders viewing now