Bought 10 contracts QQQ 100 weekly calls at $0.07

FXforex · Aug 27, 2014

QQQ at $99.45
Bought 10 contracts QQQ 100 Aug29 weekly calls at $0.07.

convexx · Aug 27, 2014

I love you, man. Such a baller. GL.

traderlux · Aug 28, 2014

FXforex

start watching options on FCX, Freeport Mc, you can get overnight doubles many times...

FXforex · Aug 28, 2014

traderlux said:
FXforex

start watching options on FCX, Freeport Mc, you can get overnight doubles many times...

I don't see anything special about FCX.

convexx · Aug 28, 2014

So much edge! Excelsior!

traderlux · Aug 28, 2014

FXforex,

watch the 35.50 put from end of day today, until tomorrow, could be a double, right now could get it for about $.05....

like I said, watch the options...

FXforex · Aug 28, 2014

traderlux said:
FXforex,

watch the 35.50 put from end of day today, until tomorrow, could be a double, right now could get it for about $.05....

like I said, watch the options...

This is the Options forum on ET, so options are the main topic. I already have a few stocks that interest me when it comes to options and watching anymore will be too distracting.

AAPL
GOOGL
AMZN
PCLN
TWTR
TSLA
GMCR
CMG
QQQ

RichardRimes · Aug 28, 2014

Seriously FX....YOU...do not trade options! You trade the UL via options..thats IT!!!!

FXforex · Aug 28, 2014

RichardRimes said:
Seriously FX....YOU...do not trade options! You trade the UL via options..thats IT!!!!

Could you be more specific how buying OTM weekly calls is trading the UL via options? IMO ....They are very different.

FXforex · Aug 28, 2014

FXforex said:
QQQ at $99.45

Bought 10 contracts QQQ 100 Aug29 weekly calls at $0.07.

UPDATE

QQQ at 99.41 and the position is still open.
Need a 1% jump on Friday to put the QQQ to $100.40.
I have entered a limit order to sell the calls for $0.40.

Any other comments from the peanut gallery?