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  1. O

    Equity option trading

    I understand your point, where using a bull call spread will lower my risk, especially on these earning trades because of their increased IV. It is a good and valid point, and should be considered for new option traders/investors who are new to high IV earning trades. But then, by putting on...
  2. O

    Equity option trading

    As for this morning I added new options: Bought 15 NTES June 25 calls at $1.45 for ($2193.75) Still holding 7 AZO June 135 calls now at $1.95 10 CRM June 70 calls at $1.40 10 ARD June 55 calls at $4.00 10 UPL June 95 calls at $3.70 I'd hold ARD and UPL for another 1-2 days before...
  3. O

    Equity option trading

    And here's what I have at the open. SOLF is now at $28.30, those SOLF June 25 calls are at $4.50/$4.70 and the IV on that option is now at 80. Just as expected, the IV dropped from its high yesterday of 110 back to an average level at 80. My option price calculations had IV at 70, so you're...
  4. O

    Equity option trading

    Okay, looks like a better morning than yesterday, especially with strong earnings from SOLF, which has been hot as of late, and jumping another +10%. and for those that didn't understand what I meant by the IV issue. Let's take a look at SOLF. IV on those SOLF June 25 calls are at 110%. You...
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    Jeff R.'s Trading

    my bad rogersjeff.....didn't mean to post what I saw on my quotetracker streamer with those odd trades on KYUS or so. Just posted facts from the streamer.....didn't even make an argument......here's my question: One of the dude offered to give you $100 express mail with signature comfirmation...
  6. O

    Equity option trading

    Okay, bought some directional trades here: Keeping AZO calls, and still have 10 CRM June 70 calls. Added: 10 ARD June 55 calls at $2.20 10 UPL June 95 calls at $2.50 Both are directional bought this morning according to more estimates that oil will move to $150 or higher in the...
  7. O

    Equity option trading

    Thanks for the advice optioncoach, I'll take them as they come. As for IV, I do have a pretty good understanding of their movements, sorry about the broad comment on IV. When I started, I used to always check current IV with a 3-month range and 6-month range (optionsxpress creates a nice graph...
  8. O

    Equity option trading

    Still holding AZO June 135 calls, but adding 10 CRM June 70 calls at $1.70 for $1712.95 cost.
  9. O

    Exotics for retail ?

    it's not that new....you know they have this type of options on forex right? Been trading this type of options on forex since 2003. In forex, you bet that a currency pair won't hit a certain level or that it will move past a certaing level. Ex. US/EUR: I'll bet $500 that it won't go past $1.6000...
  10. O

    Equity option trading

    Almost bought DRYS calls.....Look for some DRYS calls tomorrow morning, we are going to get an implied volatility crush from 75 back into the 50s, and options should be ripe in the morning to trade DRYS as a momentum move going forward.
  11. O

    Triangle, base, flag

    Here's my chart: RIMM back in late April. *Breakout of base above $120, buy between $119-$122. First target $140, then $150.
  12. O

    Equity option trading

    Buy 7 AZO June 135 calls at $3.20 for ($2252.95)
  13. O

    Opening Orders - 2008

    1 long position (900 sh EXM 59.43 to 60.06) +$536.79
  14. O

    Equity option trading

    Closed 7 EXM June 60 calls at $5.10 for $3,557.05. Net gain is $1304.10 edit: Oh and by the way, total account shows: $22,552.30 +$2,552.30 :)
  15. O

    Option Question

    What happens now is that you can get excercised if you did not close your short puts. By excercising, you will now own WFMI shares bought at $32. With WFMI now at $30, you would automatically lose $2 per share after owning the shares. Does that clear things out? Remember, you sold puts at...
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    Jeff R.'s Trading

    Interesting argument, I have quotetraker and I can get the exact price range with shares traded at any 1-minute time frame....here are the results for KYUS: 2:28PM: price was $2.57-$2.58; volume: 2800 sh 2:29PM: price was $2.57-$2.58; volume: 2770 sh 2:30PM: no trades 2:31PM: price was...
  17. O

    Equity option trading

    Generally, you want the IV to be around 50 for earning stocks, and most of the time you will get them around 40-60. With an IV between 40-60, a 10% stock move will give you over 100% in option gains. At IV of 75, a 10% stock move will give you option gain of only 75%. If you can find earning...
  18. O

    Equity option trading

    Buy 7 EXM June 60 calls at $3.20 for ($2252.95) EXM reports monday morning and have ya'll noticed, EXM short interest increased from 250K back in Aug. 2008 to current level of 3.3M, while the stock ended August 2008 around $40 and is now at $55. Looking for 8-11% move to $59-$61, but in the...
  19. O

    Equity option trading

    Never heard of optionslam.com I will check it out. As for ADSK, it goes in and out of great earning play. I played it this time because to me it was a fairly low vol. play. I didn't need ADSK to hit 10% gain to make a good chunk. I just needed ADSK to make 5-6% move for a good trade. Plus, the...
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    Equity option trading

    Didn't update their guidance, and ADSK is playing it safe, not quite the way investors hoped. Closed 10 ADSK May 40 calls at $1.10 at the market open. Loss is ($425.90) Account: $21,248.20 +$1248.20
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