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re: Calling all Traders
Posted on 12/19/19 at 3:21 pm to thatguy777
Posted on 12/19/19 at 3:21 pm to thatguy777
beat top and bottom and trading lower...typical
Hope they kill the call
Hope they kill the call
1
Posted on 12/23/19 at 10:53 am to thatguy777
Last trade for the year/decade: sold a basket of weekly LYFT $49 call spreads during crazy hour last Friday (3-4PM). Was expecting sideways action this week. But it got pummeled at the open. Down 5% last time I looked. I’m done! 
Posted on 12/24/19 at 6:39 am to Jag_Warrior
i paired more than a few short calls/puts to a handful of deep OTM(worthless) options sitting in my account..
for these dec trades...no binary events. relatively low/no volume.. imo, the goal of 1% return per day from decay only is realistic. we'll see..
most will expire last friday of jan... but i'll close regardless of return as earning season begins its blessings in the new year.
plan for 2020 is to retire the credit spreads and return to primarily selling naked positions on "high quality" stocks. (back testing selling strangles/undefined risk of that call side only...was very positive)
for these dec trades...no binary events. relatively low/no volume.. imo, the goal of 1% return per day from decay only is realistic. we'll see..
most will expire last friday of jan... but i'll close regardless of return as earning season begins its blessings in the new year.
plan for 2020 is to retire the credit spreads and return to primarily selling naked positions on "high quality" stocks. (back testing selling strangles/undefined risk of that call side only...was very positive)
Posted on 12/24/19 at 12:04 pm to mrgreenpants
quote:
plan for 2020 is to retire the credit spreads and return to primarily selling naked positions on "high quality" stocks. (back testing selling strangles/undefined risk of that call side only...was very positive)
I think that's a good way to go. For margin reasons, on high priced underlyings, I'll sometimes put on iron condors (or credit spreads) that have outer wings so wide that they're basically just synthetic strangles - but I can do a lot more of them and still stay within my max allocation/max loss limits. And some of my biggest dollar gainers have been when I've gotten shares put to me on failed short puts. I'd mess my pants if I got tagged with 1000 shares of AMZN. But if one can afford to hold say a NFLX position of that size, watching & waiting (selling calls along the way), as it goes from a 282.5 put assignment to a 327.5 call assignment, it makes for a Merry Christmas.
Next year I'll probably do more 40+ day premium selling strategies on the popular indices: SPX, QQQ, RUT, etc. I'll still hit the AMZN, NFLX and CMG type equities for bigger premium, fast buck weekly trades. And hopefully the earnings seasons next year will be as good as the ones this year.
This has been a great year for high probability premium selling - totally justifies my decision to stop trading stocks on 50/50 probabilities (at best) a few years ago. But I know that going forward, I need to be more diversified with my tickers (less tech heavy), more diversified with my expirations and more beta neutral.
Merry Christmas to all the traders and investors on the Money Board... and those wayward elves on the Off Topic board too.
Posted on 12/25/19 at 9:01 am to Jag_Warrior
Merry Christmas boys! Glad this thread has survived. Looking forward to a monster 2020!
Geaux Tigers!
Geaux Tigers!
Posted on 1/2/20 at 2:01 pm to thatguy777
Seems to be a decent amount of action out there today.
bought some feb WORK calls earlier. Name seems to be getting a lot of bullish action today
bought some feb WORK calls earlier. Name seems to be getting a lot of bullish action today
Posted on 1/2/20 at 4:53 pm to thatguy777
welp.
(finally back to normal)
the shock is more or less worn off from that clemson game...
ok..
volume was best today since...before christmas.
even the ever reliable $spy was lethargic.
..the spreads were still just too wide.
there are some high impact reports dropping next friday.. so hopefully markets get more juiced going into it
(finally back to normal)
the shock is more or less worn off from that clemson game...
ok..
volume was best today since...before christmas.
even the ever reliable $spy was lethargic.
..the spreads were still just too wide.
there are some high impact reports dropping next friday.. so hopefully markets get more juiced going into it
Posted on 1/8/20 at 2:37 pm to mrgreenpants
did a divident capture on $T today..
purchased at open.. no problem.
but had a heck of a time getting an acceptable price on the ITM calls... got an "ok" fill just now.
is almost better just telling the stock now and take what i already got.
looks like the says of the almost automatic 1% to hold a stock overnight may be gone...at least with AT&T.
purchased at open.. no problem.
but had a heck of a time getting an acceptable price on the ITM calls... got an "ok" fill just now.
is almost better just telling the stock now and take what i already got.
looks like the says of the almost automatic 1% to hold a stock overnight may be gone...at least with AT&T.
Posted on 1/8/20 at 4:44 pm to mrgreenpants
Putting that nasty CMG trade from last week behind me now. Loaded the chamber this week with BA short puts @ 317.5, AMZN short put credit spreads @ 1850, SBUX short iron condors @ 85/90.5 inside legs, BKNG short iron condors @ 2032.5/2102.5 inside legs, TWTR short calls @ 34.
Wanted an earnings play, so tried to short some strangles on BBBY before the close @ 14.5/19, but couldn’t get a fill. Looks like it got smacked after earnings and almost got to 14.50 before recovering to about 15.50 now. Wish that had executed.
Wanted an earnings play, so tried to short some strangles on BBBY before the close @ 14.5/19, but couldn’t get a fill. Looks like it got smacked after earnings and almost got to 14.50 before recovering to about 15.50 now. Wish that had executed.
Posted on 1/9/20 at 8:43 am to Jag_Warrior
quote:
Wish that had executed.
Let me rephrase that: thank goodness it didn’t!
BBBY getting hammered at the open. Down to 13.64 right now. Some days it’s better to be lucky than good.
Posted on 1/12/20 at 6:06 am to Jag_Warrior
it is *finally* upon us, mofos..
...earnings season.
rejoice
...earnings season.
rejoice
This post was edited on 1/12/20 at 6:25 am
Posted on 1/13/20 at 8:25 am to mrgreenpants
Probably going directional (weekly short puts or put spreads) on the big banks. Haven’t really looked at DAL closely enough to plan a strategy yet.
Hoping for some increased volatility in SPX this week and next - sorry “long only” stock people.
Hoping for some increased volatility in SPX this week and next - sorry “long only” stock people.
Posted on 1/14/20 at 6:31 am to Jag_Warrior
Went heavy on JPM Jan 17 132 short puts before the close. Earnings this morning looked good. Pre-market looks good. Let’s see if we get a follow through at the open. Looking to close these out this morning if all goes well.
Posted on 1/15/20 at 6:29 am to Jag_Warrior
i had positions on citi and then PNC...
i didnt get my call exercised on $T.. so i'll probably be holding that for a spell or 2 (not complaining about a 5% dividend payer).. but i planned to use those funds right now for earnings.
grrr
i didnt get my call exercised on $T.. so i'll probably be holding that for a spell or 2 (not complaining about a 5% dividend payer).. but i planned to use those funds right now for earnings.
grrr
Posted on 1/15/20 at 9:05 am to mrgreenpants
JPM paid well. I had short put orders in for BLK and BAC yesterday. Neither executed. Just as well. Whatever I would have made on BLK I’d have given back on the BAC disappointment.
Didn’t go for C or GS. I don’t follow them as closely as the other financials.
Didn’t go for C or GS. I don’t follow them as closely as the other financials.
Posted on 1/21/20 at 10:23 am to Jag_Warrior
long JNJ 150 calls-expire friday. Earnings in the morning
F
F
This post was edited on 1/22/20 at 6:35 am
Posted on 1/22/20 at 12:41 pm to thatguy777
I have some SBUX 94/92 strangles expiring on Friday. The only thing that saved me (so far) is yesterday’s downdraft.
Didn’t you have some PINS calls? Looks like that one has recovered nicely.
Didn’t you have some PINS calls? Looks like that one has recovered nicely.
Posted on 1/24/20 at 11:07 am to Jag_Warrior
Made a late play on AXP late yesterday: short 135/140 call spreads - turned out to be a (wrong!) directional bet that it wouldn't exceed expectations on the earnings call this morning. After watching it rocket up to 138.13 and the calls going DEEP in the money, thankfully, it's backed off. I'm a penny away from an exit price that will give me a big ol' $30 net profit. But that beats the heck out of the $2000+ loss that I was looking at about 9:45.
But still, I'll take that little $30, and since everything else is profitable this week, this will be a great week overall.
This is a perfect example of why I only trade options now (and primarily a net seller of premium). Stocks and ETFs are fine as investment vehicles. But if you trade them, you have to be right on the direction and the timing to make money. Here, I was wrong on the direction, but (semi) right on the timing and the range... and that's all that matters with options. Plus, there's the defined risk/max loss element and they're not as capital intensive. Icing on the cake: you can make even more money when the market tanks because of the increased IV/higher premiums.
ETA: woo-hoo! Executed. I can afford a tank of 93 octane gas now.
But that beats the heck out of the $2000+ loss that I was looking at about 9:45. But still, I'll take that little $30, and since everything else is profitable this week, this will be a great week overall.
This is a perfect example of why I only trade options now (and primarily a net seller of premium). Stocks and ETFs are fine as investment vehicles. But if you trade them, you have to be right on the direction and the timing to make money. Here, I was wrong on the direction, but (semi) right on the timing and the range... and that's all that matters with options. Plus, there's the defined risk/max loss element and they're not as capital intensive. Icing on the cake: you can make even more money when the market tanks because of the increased IV/higher premiums.
ETA: woo-hoo! Executed. I can afford a tank of 93 octane gas now.
Posted on 1/24/20 at 12:32 pm to Jag_Warrior
went long SQ March $75 calls yesterday
Posted on 1/30/20 at 7:15 am to Jag_Warrior
The PINS calls expired worthless in Jan...that last ER killed that trade.
Time for some short puts on FB?
Time for some short puts on FB?
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