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What's your game plan for July?

I like to break them down into easier-to-visualize components. 1-3-2 butterfly into: 1-2-1 Butterfly. Maximum loss equal on either side. 0-1-1 Credit spread. Maximum loss on the right hand side. Together the 1-3-2 butterfly has a greater loss on the right.

Vanzandt switch to buying OTM weekly calls on the tech stocks: GOOGL NFLX AMZN TSLA AAPL FB QQQ July will be a good month. The run up to earnings begins now. Goog luck.

FYI Markets close early at 1 PM EST on Tuesday, July 3. Closed on Wednesday, July 4. Get your option orders in by 1 PM on Tuesday - You snooze, you lose.

I think you misunderstood truetype's post. It has nothing to do with TSLA. A stop is a stop - you exit and take the loss. Otherwise no sense in setting stops. IMO ....... You can't set stops on long option positions. Down 50% one day up 300% the next. Your "stop" has to be the total debit of...

Pen and paper.

Q: What's the minimum liquidity needed to get in and out a stock fairly easily? A: 1 share.

The Russian goal tender made a good save on that last kick during the shootout. He dives a little too far ....... but he gets his foot on the ball just in time.

TD Ameritrade. Also try IB again ..... maybe contact them about the minimum for a retail account. All they have on their site is: Trading Group Masters = min $10,000 Broker Masters= min $10,000 I don't think retail account fits in the above categories. There was an ET thread about a month ago...

You must be thinking of the bone incident?

ABC at $100 Buy 105 Put $8.00 Sell 125 Put $27.00 Credit $19.00 = $1900 ABC at $110 105 Put worthless 125 Put $15.00 $19.00 - $15.00 = $4.00 = $400 profit Not taking into account commissions, bid/ask spread and assuming it's option expiry day.

100 BAC July06 29.00 calls at $0.34 Current bid $0.10. Still another week. Options don't trade in a linear fashion, they are volatile. Down 70% one day, up 300% the next day. But I must reiterate - I think you would be better off buying calls on the FANG stocks and their close cousins -...

My prediction for July ..... Vanzandt's long calls will outperform Destriero's flies. The market will rally into earnings. Vanzandt must stay the course and buy calls - do not waver. My advice is to switch to FANG stocks - such as FB, NFLX, GOOGL, AMZN, TSLA, QQQ, and perhaps AAPL. Good luck...

I like to break it down into easily visualized trades - then put it back together. 1/2/1 fly is easy to figure out - so I start with that. 1087/1125/1200 = price target about $1125. 1/1 put credit spread. 1087/1125 = price target $1125+ Together the 2/3/1 put fly has a price target of...

I would like to see tommcginnis reply more often instead of giving likes. He's a serial liker - he gives more likes than anybody else. He has a small list of ET buddies that he gives his likes to.

Paper trading is no good. There is no Fear and Greed when paper trading.

They are $310 ITM. EDIT: I forgot to mention in the OP that those are calls.

TSLA at $350.00 TSLA1 Jan18, 2019 options. Strikes $3.00 to $40.00. Ask on the 40.00 only $6.05. No volume - Open interest very low. Anybody know the history behind these options?

OTM Call Credit Spread. Then it become ITM - hence his dilemma of dealing with short ITM options.

You can still drive a car without knowing what's going on under the hood.