Search results

The only thing that makes sense to buy in this market is GLD.

I am short CAT and I have also sold weekly covered PUT 92 for 0.24. I do it every week to reduce the loss. I know I am also limiting my profit. Consider that as a kind of stupid stop loss or damage control :)

Another issue that I would like and also warn all those who open an account with less than 25K is that mostly they fund their account because they really do not have more to fund over 25K. That is OK but their mentality is to double their money with like 15K in their account in 3 months. That is...

Pattern day trade for those who have difficulty understanding it: Suppose you have $10000 in your account. You buy 100 shares of a stock at $100 which amounts to your account value. So far everything is OK. After 2 hours the stock goes up to $102 and you want to sell it. You sell it and then you...

I sold all my holdings on SBUX today with a nice profit. I feel SBUX and market is toppy.

My way of trading when feeling bearish but not 100% sure is to sell out of the money call options. You can sell 133-135 weekly calls. If you are so sure you can sell at the money call. Here is the hard reality. People (market) is loaded with cash and most of it is on the sidelines and are really...

Expect SBUX to temporarily stall or pull back a little from here (55.90)

CAT is showing signs of weakness and ready to drop hard in the next couple of days. This is only my feeling from observing market and CAT price action.

Updated SBUX chart

If that option trader could have hold his breath and kept his position (we do not know what he has done), he/she is a winner now (so far).

Some bad days are 5 or even nothing. Very good days like 200 to 300 contracts. Multiple trades and not 300 contracts in one position. My biggest one time trade was 600 contracts to roll over a strangle which was 150 contracts on each side (150 x 2 x2).

None of them. I trade, SBUX, MCD, ADI, AMZN, GLD. AVGO, BA, CAT and maybe another half dozen of other stocks. I do not jump around. I almost never buy options. I always sell. If I am bullish, I sell options, If I am bearish, I sell options too. 50 contracts of PCLN weekly options for the strike...

I would roll out too.

If you meat me, I just trade about 50 contracts a day average.

It is not that big loss and his position is not huge. One thing that I always ask myself, is that what I would have done if I were him (after getting that loss in less than 20 hours).I mean damage loss.

Just for fun: Watch how he traded. I guess 197 contract was because he could not even afford even 198 contracts :) http://www.cboe.com/tradtool/webcast.aspx?mediaId=2ad5887ae1314d48885fb3061e910329 and now check out how much he lost.

Please ignore that downgrade twit attachment. IB had it under CAT stock but it has nothing to do with CAT. It is another stock. sorry for posting it.

Today I sold covered weekly PUT 91.5 @ 0.65 for my short position as damage control. I just saw this downgrade:

Tomorrow 11/15/2016 is SBUX ex dividend date. Today is the last day that if you buy the shares, you will get 0.25 dividend.

I agree with most of your points but market is full of sharks and you have to live with it. I got the impression that you meant that CAT is heavily manipulated which I don't think so. It is not like HerbaLife or maybe Shake Shak or FIT at the beginning. CAT is a very mature company that traders...