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  1. J

    Purely Mechanical Option Trading Part 2

    During one time or another in the past 10-12 years, I have tried the math trading formula's (before they were integrated into my current trading program completed in 2004-2005) on OEX Index options, QQQ etf options, DJX options and SPY options. A: Bid to Ask Spread: To me, option trading...
  2. J

    Purely Mechanical Option Trading Part 2

    Placed the following bracket orders today: [ Trade No. 1 ]: SPY 143 Nov Calls (filled) Buy Limit: 2.05 Sell Limit: 2.70 Stop: 1.40 [ Trade No. 2 ]: SPY 143 Nov Puts Buy Limit: 1.75 Sell Limit: 2.30 Stop: 1.05 Jeff
  3. J

    My OPTION TRADES..... part 2

    PM, You did very well on Oct expirations. As of Friday expiration closing prices: STK......Exp Close (10/19/2012) ARO........13.19 ATVI........11.18 CNX.........35.21 IGT..........13.00 LRCX...... 35.37 TRLG.......25.88 WMS.......16.65 Looks like you kept all the...
  4. J

    Purely Mechanical Option Trading Part 2

    Placed new Bracket Order for Friday 10/19/2012: SPY NOV 147 PUT Buy Limit: 2.35 Sell Limit: 2.95 Stop: 1.41 ___________________________________________________ Updated October trades: 10-02-12 08:26 AM SPY OCT 146 Puts Buy Limit = 2.05 Sell Limit = 2.56 (+25%) Stop = 1.41...
  5. J

    Purely Mechanical Option Trading Part 2

    This morning I lowered the sell limit of this filled order from yesterday to 2.58 (+25%) and the trade sold quickly. 10-18-12 07:22 AM Bracket Orders placed today (Trade No. 1 just filled): [ Trade No. 1 ] SPY NOV146 PUT Buy Limit: 2.06 Sell Limit: 2.68 to 2.58 (+25%) Stop: 1.24...
  6. J

    How Many Hours Do You Sleep A Night?

    When I was younger I slept 8 hours per night. However when I turned 35, I started getting Migraine headaches that would wake me up at 2am or 3am every night and that ends my sleep time. Even with Excedrin taken before bedtime to prevent them, I still get migraines almost everynight. So the...
  7. J

    Purely Mechanical Option Trading Part 2

    Bracket Orders placed today (Trade No. 1 just filled): [ Trade No. 1 ] SPY NOV146P Buy Limit: 2.06 Sell Limit: 2.68 Stop: 1.24 [ Trade No. 2 ] SPY NOV147P Buy Limit: 1.70 Sell Limit: 2.40 Stop: 1.41 Note: If Trade No. 2 fills and hits the sell limit, Trade No. 1 must be sold...
  8. J

    Purely Mechanical Option Trading Part 2

    Closed a few trades today on time limit, so here's an October update on filled and closed bracket orders: 10-02-12 08:26 AM SPY OCT 146 Puts Buy Limit = 2.05 Sell Limit = 2.56 (+25%) Stop = 1.41 Closed trade on 10/2/2012: +25%...
  9. J

    Purely Mechanical Option Trading Part 2

    10-11-12 Placed a Bracket order: SPY NOV 144 CALL BUY LIMIT: 1.98 SELL LIMIT: 3.96 STOP: 1.35 ___________________________________________________ Update of "filled" Bracket orders (Buy Limit / Sell Limit / Stop / in an automated order): 10-02-12 08:26...
  10. J

    Purely Mechanical Option Trading Part 2

    I placed the following automated brackets orders: [Trade 1 ] SPY NOV 146 CALL BUY LIMIT: 2.05 SELL LIMIT: 2.70 STOP: 1.41 ----------------------------------------------------------------- [Trade 2 ] SPY NOV 146 PUT BUY LIMIT: 1.65 SELL LIMIT: 2.15 STOP: 1.15 Jeff
  11. J

    Purely Mechanical Option Trading Part 2

    Just learned I have a family emergency and have to drive to Spokane Washington (from Missoula Montana) right now. I won't be able to manage this trade for Buy No. 2, so I just closed the trade at breakeven. I am taking off for Spokane. Have a good weekend, Jeff
  12. J

    Purely Mechanical Option Trading Part 2

    The program listed 2 buys for today's put trade which indicates I am buying into to weakness (contra). Here is the other buy (Buy No. 2): SPY OCT 148 Put Buy 2: 1.36 Sell Limit: 1.90 Stop: 1.08 Jeff
  13. J

    Purely Mechanical Option Trading Part 2

    I placed the following trade today with automated IB bracket order (Buy Limit / Sell Limit / Stop): SPY OCT 148 Put Buy Limit = 1.80 Sell Limit = 2.25 Stop = 1.08 (Note: this trade could end up with a Buy No. 2) Jeff
  14. J

    Purely Mechanical Option Trading Part 2

    Lets take a real example of the data and program outs that resulted in the 10/3/2012 winning call trade: (this data is from the evening of 10/2/2012 to determine a trade for 10/3/2012) SIG DATE..OPTION.....PREV...OPEN..HIGH..LOW...CLOSE 10-02 OCT143C..2.58...2.89...3.00...2.24....2.59...
  15. J

    Purely Mechanical Option Trading Part 2

    My stops vary from -22% to -40% depending on: 1: Signal type (Strong, Neutral, or Weak). 2: Trend (is the trade with the "Mathematical Trend" or "Contra" to the Trend). 3: Trend age (when a signal is trading with the Mathematical Trend is the trend New, Old, or somewhere in the...
  16. J

    Purely Mechanical Option Trading Part 2

    Bracket order (Buy Limit, Sell Limit, Stop) placed for SPY OCT 147 Puts Buy Limit= 1.46 Sell Limit = 2.04 Stop = 1.14 Jeff
  17. J

    Purely Mechanical Option Trading Part 2

    Trading only outright buy premium is all I have ever done. I find it forever-learning and frustrating at times, but its also extremely challenging and even fun on occassion. Jeff
  18. J

    Purely Mechanical Option Trading Part 2

    Thanks atticus, Jeff
  19. J

    Purely Mechanical Option Trading Part 2

    The system was back-tested prior to 2007 for a long period of time. Back-tested results made money. It has been forward tested in my cash account since July 2007 using SPY options. It has consistently made real money however the success rate of the system declined from July 2007 to May 2012...
  20. J

    Purely Mechanical Option Trading Part 2

    About four and a half years I started a thread call "Purely Mechanical Option Trading." Back then I discontinued posting because of health reasons, but I have recovered and have been ok for a while. This new thread will be a continuation of the same old system, but the old system has been...
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