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    My Trades to date-Feel free to post comments!

    Thanks for the info. Nah, I'm good trading with my capital. I'm pretty confident with my trading and forecasting. IMO Paper trading doesn't give you real experience and the real experience is what's important. For example, if you're trading a 50k paper trading account with no real risk, you'll...
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    My Trades to date-Feel free to post comments!

    $1. I use interactivebrokers, not too fond of the platform, but I'm managing with it. Serves me well especially with options trading since you're supposed to stay small on position size.
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    My Trades to date-Feel free to post comments!

    From the vix chart, it seems that every 3-4 months it spikes up. So I wanted to give myself that time frame for it to reach that goal. The tight spread is because I have a smaller account so i want to limit my losses to very minimal. Thanks for the bull put bull call explanation. Updates...
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    Premium Sellers vs. Option Buyers

    The reason for my trade is to collect credit while being bullish on the stock. I guess a better strategy would've been to use a bull put credit spread. I'm not sure if its possible to do a credit bull call spread. Because My account is small however, my goal is to just grow the account by...
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    My Trades to date-Feel free to post comments!

    Hey guys, just thought it would be cool to post my trades and to possibly receive feedback from you guys. I understand the theory behind the volatility and implied volatility (standard deviations etc), however I don't really have a formula to predict vol (would like to know what you...
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    Premium Sellers vs. Option Buyers

    question: Naked strangles are essentially unlimited risk in either direction with limited profit. That being said, any purchases on either leg is just to reduce risk with the position. So, for verticals (debit and credit spreads), my understanding is that the purchasing of legs to off set...
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    Interactive Brokers credit Spread help thanks!

    Hey guys, So I was trying to put a credit spread on today on IB. I wanted to place a credit spread on VIX Long July VIX 14.00 PUT @$0.6 Short july VIX 15.00 PUT @$1.1 When I select "Credit" as I assume this is what it is, it swaps buy/sell actions on the long and short positions...
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    Conservative Options Trades

    How come you're selling this so far out in terms of date? Are you waiting for this to expire worthless? or will you close out the position earlier? can you explain your trade ? thanks!
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    Conservative Options Trades

    Question: Today I placed a spread trade of what I thought IB was going to place as a debit bull call spread on BKS. I selected "vertical" and debit (didn't notice the trade got switched calls got switched around). I wanted to place an ITM bull call spread. short 14 call long 13 call...
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    Conservative Options Trades

    question, if every options trader is groomed to trade the sameway, i.e buy low vol sell high vol, follow certaib tech patterns, look at fundamentals the same way etc, doesn't that suggest there should be a way to capitalize on the status quo?
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    Writing options for a living

    Cool analogy. I look at the market like a game of Jenga. With every new height it reaches it becomes a little more unstable, until it crashes and then re-builds again.
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    Writing options for a living

    Well her account ended up with a profit, mine ended up with a net loss. Same positions on both. I know I don't know everything and I'm still learning, but I mean you might as well do it with real money because simulating trades you don't have the same risk and are more bold. That can lead...
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    Writing options for a living

    The irony in this is that as we were talking about just selling naked premium and how an account could blow up if you're just picking up pennies. TODAY, my account almost blew up. sort of. My mistake was I got over confident about BKS and put on a naked position call at 18.00 and at 19.00...
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    Writing options for a living

    so it will be an unrealized loss, but profit at expiration assuming things went your way? and dynamically managing would just mean buying and selling/shorting? That being said, isnt this a guarantee profit or break even?
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    option strategy question #2!

    sle gave me this idea, but I assume its already been done and picked apart. Wasn't sure what to search to id this or what this strat is called, but what if you make a pseudo IC for example: make use of stop limit orders on the underlying Stock abc currently trading at $5. Sell OTM 3.00...
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    nickle and diming OTM options contracts

    I guess if you can some how hedge for that 1% , your strategy would be viable 100%. Or maybe make that 1% a time when you break even on your trade? Also is anyone doing the following: 30-56 days to expire example stock abc currently at 9.36 sell OTM Put 8.00 for 0.3 sell OTM call 11.00 for...
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    nickle and diming OTM options contracts

    By delta you're referring to the expected move of an option based on a dollar increase of the underlying? So delta 20 would be equivalent to a 20 cent move in an option? Right now I have no sources of a data or IV other than cboe. lol. not willing to shell out the extra cash if i don't know...
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    Writing options for a living

    HMM that is actually really smart. So instead of dishing out part of your premium to cover your naked call, you're just putting a limit order on the underlying to protect from the upside..? Is this essentially breaking even? For example, you sell an OTM call with strike of 5.00 for $1. You...
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    nickle and diming OTM options contracts

    well, as long as you're trading within your means its okay isn't ? Worst case scenario is you get stocks put to you, whereby you can sell covered calls on them. In the 2008 crashes, the market tanked but it wasn't more than 50% i believe. or maybe just a tad over 50%. That being said, If you...
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    nickle and diming OTM options contracts

    So assuming there is liquidity, this is viable? Of course staying small. I mean if you could find 20 different underlyings all of which you assume will move up or down by x % over the next year, you could essentially leg out of the positions on higher percentage gains right?
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