Let's Trade Options | Page 755 | 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

  • #15,081
  • May 16, 2017 10:00am May 16, 2017 10:00am
I put on a SPY put fly, Jun16 $226/230/234, for 20c - that's FOMC week...maybe catch a June swoon...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,082
  • May 16, 2017 10:13pm May 16, 2017 10:13pm
june swoon combo, anything below $233.50 would pay
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-16_2210spy.png Size: 95 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,083
  • May 17, 2017 8:32am May 17, 2017 8:32am
to btfd, or not to btfd? That is the question. The answer always "yes" but the next question "when?"....aaah, there's the rub....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,084
  • May 17, 2017 8:36am May 17, 2017 8:36am
Quoting Wulfgar
{quote} Bro, its gonna get there one day. Luckily IB lets me automatically roll these contracts forward via cheap futures spreads... I literally have been MIA on these markets. The Vix hitting these 20+ year lows in incredible. Can we see a monthly close <10? Come out to the Big Island man, its like living on the edge of the world. Never seems to get old to me. I know a few places that make a mean shaved ice for sure. On the trading side, I want to get short Cable if we pull back to 1.2940 or so on my new play FX account, I can see a nice 8:1...

Filled all these things... time to hold onto my butt and hope Trump Schlongs the dems impeachment accusations.

I did buy some Sept SPY 240 puts the other day for 6.18... they are trading for over $8 today. If the 237 cant hold through the days end I may just gobble up that profit.

I kinda like selling TLT at 123.50 too if we get there. Might do the options or just sell it in the futures market. Expecding bonds to channel for awhile.
  • #15,085
  • May 17, 2017 8:39am May 17, 2017 8:39am
Quoting The Fool
to btfd, or not to btfd? That is the question. The answer always "yes" but the next question "when?"....aaah, there's the rub....

237 is the key spot. IF that breaks I'm not seeing a whole lot until 234...I don't mind entering momo trades late. So Ill sit on my hands for a bit
  • #15,086
  • May 17, 2017 12:21pm May 17, 2017 12:21pm
^VIX popping 33% today, will watch it pull back over next few days.....but this is how ^VIX mountains start....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,087
  • May 17, 2017 2:30pm May 17, 2017 2:30pm
Quoting The Fool
^VIX popping 33% today, will watch it pull back over next few days.....but this is how ^VIX mountains start....
yup....im gonna hoard those spy 240 puts.... they were trading for 9.25 at the close. 30% increase on em due to the vix rise. only risked about .50 on those things.

Good news because my yen shorts are getting killed. few dozen ticks from stopping me out on the highs
  • #15,088
  • May 17, 2017 7:06pm May 17, 2017 7:06pm
Quoting Wulfgar
yup....im gonna hoard those spy 240 puts.... they were trading for 9.25 at the close. 30% increase on em due to the vix rise. only risked about .50 on those things. Good news because my yen shorts are getting killed. few dozen ticks from stopping me out on the highs
that was a gutsy trade bro, I thought there was no upside north of $240, too, but I did what I usually do - bought cheap otm put verts and flys, Sometimes when you have conviction hey go for some glory and just buy some puts......we get a 10% June swoon and SPY goes to $215 you will net what $19?...hope you bought a bunch.

Guts you might need to hang in, market will prolly float back...Trump saga will take a while to play out with beltway people saying it will take special counsel months to get rolling.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,089
  • May 18, 2017 1:24pm May 18, 2017 1:24pm
was thinkin bout shorting EWZ a week or so ago, too bad, but maybe one to watch for a rebound
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,090
  • May 18, 2017 8:40pm May 18, 2017 8:40pm
Quoting The Fool
was thinkin bout shorting EWZ a week or so ago, too bad, but maybe one to watch for a rebound
missed a good move, not sure what if anything I might do, need to read the Brazilian news...
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-18_2037ewz1.png Size: 85 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,091
  • May 18, 2017 11:31pm May 18, 2017 11:31pm
Quoting The Fool
{quote}that was a gutsy trade bro, I thought there was no upside north of $240, too, but I did what I usually do - bought cheap otm put verts and flys, Sometimes when you have conviction hey go for some glory and just buy some puts......we get a 10% June swoon and SPY goes to $215 you will net what $19?...hope you bought a bunch. Guts you might need to hang in, market will prolly float back...Trump saga will take a while to play out with beltway people saying it will take special counsel months to get rolling.

Ya most likely it will float back. But I'm all about getting the hero call to make my fortune so Ill continue to make these punts on the majors now and again and try to win the lotto.

I have been short ILF stock for awhile now from 32. Didn't have the 15% drop that EWZ did but I got a 10% drop today. Had a decent spike down on Cable too in spot. Short at 1.2940 but I'm looking for much lower(sub 1.18) so we will see. Stops are 1.3150. Ill hold for whichever comes first. Gold moving my way again too. Just a lot of noise and waiting around for something to crack. Its going to take forever for this Trump investigation to wrap up so that will probably be the biggest driver of the market for the time being.
  • #15,092
  • May 22, 2017 11:24pm May 22, 2017 11:24pm
2 fly better than 1
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-22_2323SPY.png Size: 88 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,093
  • May 23, 2017 7:52pm May 23, 2017 7:52pm
LOOKING for cheap long vol entries....low prob so looking for cheap thrills, would like to have running m/l alla time so maybe catch a spike.....the usual suspects....UVXY, Kahuna style - the front week has limited but risk-free upside, gets you a week of "infinite" profit potential in the back week....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-05-23_1948uvxy1.png Size: 84 KB
Click to Enlarge Name: 2017-05-23_1949uvxy2.png Size: 58 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,094
  • May 23, 2017 8:18pm May 23, 2017 8:18pm
Quoting The Fool
the front week has limited but risk-free upside, gets you a week of "infinite" profit potential in the back week....
set em up about 4 weeks in advance, week in/week out, as close to atm as you can and well you might go 10-20 weeks til you hit a runner in the long call back sets, but a large winner could nullify all small losses with some to spare....the frkkin doldrums won't last 4ever...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,095
  • May 24, 2017 8:28am May 24, 2017 8:28am
Quoting The Fool
{quote}set em up about 4 weeks in advance, week in/week out, as close to atm as you can and well you might go 10-20 weeks til you hit a runner in the long call back sets, but a large winner could nullify all small losses with some to spare....the frkkin doldrums won't last 4ever...

That's the rules of the game as I understand them.

Keep swinging for the fences and don't let small losses turn into big ones. Pretty simple in theory but I still fuck up. Just nowhere near like I used to
  • #15,096
  • May 24, 2017 8:42am May 24, 2017 8:42am
Yah mon....I am in no hurry to throw change at this market though, watching for another little leg up in the spoos, if I see it I might sell some SPY call verts out around $245 short. Let's see if the Fed minutes move anything. I think if we get to the Jun FOMC and they don't hike, we could see a little dip. Otherwise it's back to waiting for DT tweets, WWIII, asteroid strikes, alien zombie invasions, and things of this nature....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,097
  • May 24, 2017 4:53pm May 24, 2017 4:53pm
late night reading

https://www.bloomberg.com/view/artic...ine&yptr=yahoo

https://papers.ssrn.com/sol3/papers....act_id=2972979
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,098
  • May 25, 2017 8:08am May 25, 2017 8:08am
Quoting The Fool
late night reading https://www.bloomberg.com/view/artic...ine&yptr=yahoo https://papers.ssrn.com/sol3/papers....act_id=2972979
Ya man, but....Bitcoin though....unreal moves

I saw people calling for BC to go to 500k.... like the dotcom bubble
  • #15,099
  • May 25, 2017 9:00am May 25, 2017 9:00am
Quoting Wulfgar
Bitcoin though....unreal moves I saw people calling for BC to go to 500k.... like the dotcom bubble
I heard - how you gonna short it, though?....idk anything about it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #15,100
  • May 25, 2017 10:54am May 25, 2017 10:54am
Quoting The Fool
{quote}I heard - how you gonna short it, though?....idk anything about it.

I don't know. I bought 10 Bitcoin for like $300 a pop a year ago. Its 27k now s I might just cash it ut and stick it in my matress. But now I'm scared its gonna goto 500K and Ill miss out.

Decisions, Decisions
6 traders viewing now