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Buy 1 (1.90) filled yesterday and I am waiting for a Buy 2 (1.60) fill today. So far today the low on the Mar 36 calls today has been 1.64 and now unfortunately its rebounding before dropping to 1.60. There's a lot more dollar profit in these trades if both buys (B1 & B2) fill before...

That was deliberate because the SPX was nearing the top (1370) of its 3 year range, I felt there was very little upside left in the markets but I felt MT had a little more upside potential. (Ryan had warned me if the market started tanking, MT would go first and he was right!) So the second...

This turned out to be a nice pairs trade: The MT calls stopped out at -20%. The IYT puts hit the 91 target and sold at +40%.

This is a 10 year old mathematical mechanical trading system that is combined with 5 other similar type systems and then programmed into a master program. The master program outputs various results based upon current SPY data and older SPY data up to 9 days old. Its looking at the short term...

My SPY programmed mechanical system just filled Buy No. 1, SPY March 136 calls at 1.90. Now the calls either have to sell at 2.47 or drop to Buy No. 2 at 1.60 with a new sell target at 2.25 for both Buy 1 & Buy 2 calls. The program output looks like this: SPY MAR136C: BUY 1= 1.90 x...

It was the last area of resistance in early January 2012 before IYT broke higher into its recent range. You know the old saying when a stock breaks higher to a new range, "what was resistance is now support." What's currently hurting the transports is oil prices are rising again and...

I sold the MT calls at a loss today but still holding the IYT puts. Fortunately the IYT puts are more than making up for the MT loss. (That was my version of a pairs trade.) The attached chart of the SPX shows, if today closes below yesterdays low, its possible we could drop to the 1340.

falconview, IYT is the ETF for the Dow Jones Transports. I want IYT looking "weak" because I bought puts! Its just about the only etf with a negative 10dma/20dma bearish crossover. Everything else is parabolic (straight up). MT had a perfect pullback to the 30dma. Its rare to find anything...

This morning I bought calls on MT, target=23.50 and puts on IYT, target= 91.

I use to follow a guy's thread on silicone investor website in the late 1990's to early 2000's. He started with $3K and turned it into $2.3 million simply buying long options on tech stocks during the amazing tech boom (Nasdaq 5000) of the late 1990's to early 2000. The Bear of 2000-2002...

These don't need to be bought until Feb 27 (earnings Feb 28). By then, 10 days of expiration will be gone and that should drop the prices a bit.

Ryan, Here is a potential earning play with good price movement and dirt cheap ATM March options. CVC 15.29 earnings date: Feb 28 Straddle: March 15 calls .95 March 15 puts .75 Debit.............. 1.70 (under 2.00!) Look at the attached price chart for range. I.V. on Stock (32)...

falcon, Here is a good mathematical point about a stock with a 10% swing on earning: $50.00 stock times 10% = $5.00 Range = $45 to $55 On something like this you need a straddle with cheap options: $50.00 stock 50 strike call = 1.00 50 stike put = 1.00 Debit...............-2.00 You...

Stopped out at the open, -11% loss. The worst part is, I know better than to trade puts on Expiration Week, but the R/R was just too tempting.

falcon, Calls or Puts and at what price? Jeff

My computer program spit this out today, so I just placed a complex order for the SPY 133 Puts (exp. Mar 16) Buy Limit: 1.57 Sell Limit: 2.46 Stop........ 1.41 Reward to Risk: (5.56 to 1) ($89 Profit vs -$16 Loss) I hate buying puts on expiration week because long term statistics...

Ryan, Your math and overall thinking on this trade was perfect for these kinds of trades. Do you remember a few days ago I mentioned that the call/put debit should be under 2.50 and that under 2.00 is best? Then all you need is the prior stock price range history (like you mentioned in...

Ryan, Good job on ACOM, the call/put debit is almost at a double! Jeff Very cheap options are really the key to these things and a catalyst to propel the stock in either direction. That means smaller movements give a profit easier on the total debit.

Ryan, I also keep wondering when we will get at least a -5% correction? Its seems like since December 20, 2011 every small correction has been sideways instead of down (see attached chart of SPX). Its possible that this parabolic market action will continue until we reach the prior high...