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  1. TheBigShort

    Earnings journal

    Large order today. MASI 120/140 140/160 Cr.8.40 CRL 125/140 140/155 Cr. 7.86 LITE 53/62 62/71 Cr. 4.53 VAC 90/105 105/115 Cr. 6.47 JEC 70/77.5 77.5/85 Cr. 4.30 SEDG Long 44 Calls outright 2.15 IFF Long 135 Puts outright 3.30
  2. TheBigShort

    Earnings journal

    I took a look at the software a while back and it seemed out dated. Clearly I was looking at it from a wrong angle. How much are you paying a month for it? On a side note, I have been waiting all weekend to say this; I am fully loaded on the IFF May17 135 puts @ 3.30. I am no doubt over paying...
  3. TheBigShort

    Earnings journal

    Cool software, what is it? No it was not 2.20 @ the open. There was no bid on the 78 strike at the open which is probrably skewing your results. As OM said liquidity only comes in at around 9:45 so you have to kind of get lucky there. I did not close the 82 strike. Instead I just closed the...
  4. TheBigShort

    Earnings journal

    Out @ 1.65
  5. TheBigShort

    Is buying options a mugs game?

    sorry, timing of what?
  6. TheBigShort

    Is buying options a mugs game?

    Why do I have a feeling CELG is 90% of your portfolio?
  7. TheBigShort

    Earnings journal

    It's my last week where I will have the luxury to look for opportunities all day. This weekend has been monumental for me and I believe I have found another piece to the puzzle. I'll be looking to beat my returns from last week. Max risk on any given trade will remain at 6% I averaged a little...
  8. TheBigShort

    Is buying options a mugs game?

    You should never think in terms of buying is better than selling and vice versa. Once you have a view of what you think will happen, use the correct option(s) to carry out your view. The caveat is, now you have extrinsic value, which may be over or under priced. You can most definitely be...
  9. TheBigShort

    Earnings journal

    Last trade of the week. Long the TSN May10 132C FLY 73.5/78/82 for $1.00
  10. TheBigShort

    How to join a professional trader hub?

    Here's something to think about. If you sell a put on MSFT and AAPL and the market tanks, do you loose on both positions? If I die, does that mean you die? If my house blows up, does your house blow up? What about the premium you collected from MSFT and AAPL puts? Can you invest in land...
  11. TheBigShort

    Earnings journal

    as promised - My weekly PnL. I am more than happy with the result.
  12. TheBigShort

    Earnings journal

    Closed EOG 89.5 Call only avg Px 2.25. Nice winner. Very dissapointed in my ATVI trade. Closed at 1.65 within first 2 minutes of open (stock @ 48.3). If I had waited 2 minutes the stock dropped down to 47 and I could have gotten alot more for it.
  13. TheBigShort

    How to join a professional trader hub?

    https://www.tastytrade.com/tt/shows/options-jive/episodes/strategies-for-increasing-pop-08-31-2017 I figured you to be a TastyTrader :p. It's the Probability of Profit. How likely a strategy is to expire worthless. It's the sales hook.
  14. TheBigShort

    How to join a professional trader hub?

    Surprisingly enough, high POP trades are not actually as high as you might think. That's because your PnL fluctuates daily! You can not just put the position on and reassess at expiration. People usually have to sell more vomma/vanna and gamma than their account can handle to get a decent amount...
  15. TheBigShort

    How to join a professional trader hub?

    Tasty Trade and OptionAlpha can be dangerous as they condition you to receive credits and systematically be short vol. You will see people on many forums who believe an Iron Fly is better than a butterfly because you receive a credit. My favourite is when I see TastyTraders comment "Selling...
  16. TheBigShort

    Earnings journal

    I think this will be the biggest ROC trade on the journal!
  17. TheBigShort

    Earnings journal

    I am also long the EOG 121C FLY 84/89.5/95 @ risk of 2.76
  18. TheBigShort

    Earnings journal

    long the 50/46/42P FLY on ATVI @ 1.19. I am pretty confident with this one. Edit** its 121 FLY
  19. TheBigShort

    Earnings journal

    Popped up above double digits today. I'm very happy with the results. All trades are defined risk with max loss never exceeding 6% of account. The max risk I took this week on a single trade was 4% of account size.
  20. TheBigShort

    Earnings journal

    Out of QCOM @1.90 Out of CI @ 1.80
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