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Calling all Traders

Posted on 10/27/19 at 7:15 pm
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 10/27/19 at 7:15 pm
Long nov Butterfly on GOOG 1300/1350/1400 and long Jan calls on pins at 27

Let’s discuss in here. Would love to hear all opinions and thoughts. No judgement in here. Just thoughts on trades
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/27/19 at 8:13 pm to
What was the premium on the two 1350 writes?
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 10/27/19 at 8:27 pm to
8.50 debit on the trade. Not sure about 1350s. I’d have to go. Back and look
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/27/19 at 8:43 pm to
I thought those butterfly call spreads were a strategy used when you expect the stock to stay in narrow trading range near the price of the calls you write. All of those call prices are out of the money.

Am I wrong?

You have zero profit on that spread until the stock reaches 1300 right?

Am I missing something?
This post was edited on 10/27/19 at 8:44 pm
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 10/27/19 at 8:51 pm to
It’s the November’s but yea. Trust me one this one
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/27/19 at 8:58 pm to
Right but your maximum profit is at 1349 and goes down if the stock goes over that right?

So you are paying $8 bucks for potentially $41 in profit and the stock has to move up $43 just to break even. Right?
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 10/27/19 at 9:07 pm to
Give me a minute. I’ll try to lay it out for you

Sorry man I don’t feel like putting a paragraph on here but I’m basically bullish on the stock. Maybe I’ll feel more explanatory tomorrow. Delta is 50% on trade
This post was edited on 10/27/19 at 9:11 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82020 posts
Posted on 10/28/19 at 8:29 am to
quote:

Let’s discuss in here
quote:

Sorry man I don’t feel like putting a paragraph on here but I’m basically bullish on the stock. 
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/28/19 at 9:53 pm to
presented without comment..

Posted by wasteland
City of peace
Member since Apr 2011
5600 posts
Posted on 10/28/19 at 10:13 pm to
What platform are you using?
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/28/19 at 10:39 pm to
:)
This post was edited on 10/28/19 at 11:31 pm
Posted by KamaCausey_LSU
Member since Apr 2013
14505 posts
Posted on 10/29/19 at 8:39 am to
quote:

What platform are you using?

Looks like OptionsProfitCalculator.com. Very simple and easy to use for quick screens when you don't want to manually do the math.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/29/19 at 9:15 am to
^^ yup on screenshot..

platform is tc2000. ..







$grub is paying out lotto tix to the put buyers (down 40%)..

i closed $ma for a quick 1%



This post was edited on 10/30/19 at 2:31 am
Posted by Jag_Warrior
Virginia
Member since May 2015
4087 posts
Posted on 10/29/19 at 10:30 am to
Trying to sell some 11/8 call spreads on EA and 11/1 on SBUX today. Not as confident on EA... might need more time for reversion. Both backed up just before my price hit. :( We’ll see if there’s an IV expansion at least on EA since they announce earnings after the bell today. SBUX can wait til tomorrow if need be. Still sticking with the 20-25 delta on each.

Great thread idea. I hope that we can keep this alive.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/29/19 at 10:50 am to
$PINS and $etsy are both setting up to provide good times.

volatile. nervous buy&hold investors (overheated option prices). inside bar on month/weekly chart whith increasing ATR on small timeframes.

i'll check for opportunity right before close (of their announcements)
Posted by Jag_Warrior
Virginia
Member since May 2015
4087 posts
Posted on 10/29/19 at 3:20 pm to
Yep. I’m looking at ETSY too, along with GRMN and *maybe* LYFT before earnings tomorrow. PINS on Thursday. Went with a SBUX call spread a day early. My EA didn’t hit today. :(

Will look at some strangles for the less volatile earnings announcements next week. RACE might be a possibility if IV is in the sweet spot.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/30/19 at 3:39 am to
dont forget about $fb and $aapl.


not sure if it was simply luck up trading into it($fb ranged aboout 4% past week)..
but that high volatility created a nice arbitrage situation (2 separate spreads combined...do not show where a loss is possible)

we'll see
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 10/30/19 at 3:52 am to
a winning grubhub lotto ticket on reddit..

Posted by Jag_Warrior
Virginia
Member since May 2015
4087 posts
Posted on 10/30/19 at 8:28 am to
Killer move on GRUB.

I didn’t pay enough attention to my alert calendar to see that GRMN was reporting BEFORE the open today. Moved directionally as expected. Missed EA and missed that one. F’ me! Oh well. On to SBUX, ETSY and (maybe) LYFT. I’m long AAPL stock, but yeah, it does have decent IV.
Posted by thatguy777
br
Member since Feb 2007
2384 posts
Posted on 10/30/19 at 11:06 am to
likely long calls DD...earnings before open tomorrow. Some bullish options trading in it today-not doing this

executed vertical call spread 190/195 on fb expiring friday

bought etsy 52 put weekly
This post was edited on 10/30/19 at 2:43 pm
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