Filled on following orders:
BTO 12 OIH Oct 150p @9.10
STO 10 OIH May 155 @ 3.5
should be an interesting trade
BTO 12 OIH Oct 150p @9.10
STO 10 OIH May 155 @ 3.5
should be an interesting trade
Calendar Spreads
- Thread starter gatorplease
- Start date
Donna,
Glad to see you got into the trade.. This will be interesting to follow and see which strategy works best. Keep me updated and I'll follow it as well. Ratio Diagonal is also interesting, I'd like to look into that a little more.
From my end it'll be a bit boring as I usually try not to trade very much, I found previously that my "overtrading" didn't help much.. so now I watch and TRY to sit on my hands...
Good Luck.
Glad to see you got into the trade.. This will be interesting to follow and see which strategy works best. Keep me updated and I'll follow it as well. Ratio Diagonal is also interesting, I'd like to look into that a little more.
From my end it'll be a bit boring as I usually try not to trade very much, I found previously that my "overtrading" didn't help much.. so now I watch and TRY to sit on my hands...
Good Luck.
Quote from pipepuller:
Donna,
Glad to see you got into the trade.. This will be interesting to follow and see which strategy works best. Keep me updated and I'll follow it as well. Ratio Diagonal is also interesting, I'd like to look into that a little more.
From my end it'll be a bit boring as I usually try not to trade very much, I found previously that my "overtrading" didn't help much.. so now I watch and TRY to sit on my hands...
Good Luck.
overtrading is my worst problem as well:eek: but will keep in touch thru this medium...will be interesting to watch yours as well thx
Hey Everyone,
I'm looking for some opinions on my next move here. 6 weeks ago I opened the following Cal spread:
Bot 5 JUL/APR AAPL Puts at $2. Now, I own the JUL 60P's at 2.60 bid. The JUN 60P is 1.35 bid and the MAY 60P is .60 bid.
Would you sell the MAY and/or JUN 60 puts, or would you just take profits on the JULY 60's?
Looking forward to your comments.
Thanks.
I'm looking for some opinions on my next move here. 6 weeks ago I opened the following Cal spread:
Bot 5 JUL/APR AAPL Puts at $2. Now, I own the JUL 60P's at 2.60 bid. The JUN 60P is 1.35 bid and the MAY 60P is .60 bid.
Would you sell the MAY and/or JUN 60 puts, or would you just take profits on the JULY 60's?
Looking forward to your comments.
Thanks.
do you think aapl will continue to drift down?...
If it were me I would either close it for a nice .60 profit OR I would sell the May depending on what I "felt" the underlying would do. I don't think selling June is a good choice...
also it may not hurt to wait a day or two first to see what aapl is going to do...
also it may not hurt to wait a day or two first to see what aapl is going to do...
maybe sell the may 62.5p strike?
again I don't have a good feel for aapl. I looked at Barron's stock grader which has it as a buy at 71...so fundamentally it may be fine. OTOH May and June are very week traditionally for tech and aapl HAS been drifting down. Looking at the 62.5 put that vp is suggesting is an idea there is a 30% probability of being at 62.5 and a 70% chance it won't be....
I guess if I were painted into a corner on this and I honestly didn't have strong reasons to change the strategy I would stick with taking the .60 for May. If the stock goes strongly down I could then roll to June for more profit (right?) and still have Jul which would be worth more. If the stock stays the same then I'll have a closing roll in June. I doubt the stock will go up strongly...thats about the only think I feel reasonably comfortable with...but who knows.
You do change the strategy if you go for the diagonal...more risk but more reward. The only poor choice is to sell June. Sell May or close the spread unless you feel there is a fairly strong chance the stock won't recover (to 62.5) by may then if you do (feel that way) go for the diag.
Ideally in these calendars you want the stock stay either stay churning or drift in the direction that is helpful...definitely sleep on it GL donna
I guess if I were painted into a corner on this and I honestly didn't have strong reasons to change the strategy I would stick with taking the .60 for May. If the stock goes strongly down I could then roll to June for more profit (right?) and still have Jul which would be worth more. If the stock stays the same then I'll have a closing roll in June. I doubt the stock will go up strongly...thats about the only think I feel reasonably comfortable with...but who knows.
You do change the strategy if you go for the diagonal...more risk but more reward. The only poor choice is to sell June. Sell May or close the spread unless you feel there is a fairly strong chance the stock won't recover (to 62.5) by may then if you do (feel that way) go for the diag.
Ideally in these calendars you want the stock stay either stay churning or drift in the direction that is helpful...definitely sleep on it
GL donna