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Contractor
- Thread starter Builder17
- Start date
been awhile...
had some nice time off and got to do a lot of traveling in the past month or so. been working quite a bit as well, but threw on a couple trades this week.
Not real time, but bought APC 50 puts from wednesday to thursday for it's gap fill yesterday. A good first trade to come back to.
just got long SDS 35 puts for end of day. on the fence at the moment about this one, so will look to cut it if indexes fall further, (and SDS goes up)
had some nice time off and got to do a lot of traveling in the past month or so. been working quite a bit as well, but threw on a couple trades this week.
Not real time, but bought APC 50 puts from wednesday to thursday for it's gap fill yesterday. A good first trade to come back to.
just got long SDS 35 puts for end of day. on the fence at the moment about this one, so will look to cut it if indexes fall further, (and SDS goes up)
Quote from Builder17:
just got long SDS 35 puts for end of day. on the fence at the moment about this one, so will look to cut it if indexes fall further, (and SDS goes up)
eh this was an alright trade.
averaged into this when i thought the bottom was in today. turned out to be true, but didnt really get the move i was looking for in the price of the SDS 35 puts to my target of 1.2 (or SDS 33.8 by end of day). I like playing Opex ATM options, but the reward here was minimal (partially from being about a half hour early). The execution is the difficult thing about option pricing when playing off the equity charts. Something I'm striving to get better at, but difficult when I'm away working. believe we're headed higher on indexes in the short term. might play that next week if i have time.
when your playing small with options,its a good idea to short the sprd thats going to shrink, instead of buying a put or call, a lot of times the time erosion or vol drop will kill your profit,even when you are right about a stockQuote from Builder17:
eh this was an alright trade.
averaged into this when i thought the bottom was in today. turned out to be true, but didnt really get the move i was looking for in the price of the SDS 35 puts to my target of 1.2 (or SDS 33.8 by end of day). I like playing Opex ATM options, but the reward here was minimal (partially from being about a half hour early). The execution is the difficult thing about option pricing when playing off the equity charts. Something I'm striving to get better at, but difficult when I'm away working. believe we're headed higher on indexes in the short term. might play that next week if i have time.
Quote from ammo:
when your playing small with options,its a good idea to short the sprd thats going to shrink, instead of buying a put or call, a lot of times the time erosion or vol drop will kill your profit,even when you are right about a stock
Thanks ammo I appreciate your input. I agree and have definitely felt the pain of time decay, but have also made some quick money shorting options too. I dont have the available margin right now to do so unfortunately. Hurts to be right about the stock and not be rewarded.
Quote from Builder17:
EDIT: bought a couple more SPY 108 calls at 1.94. will see how last 15 minutes plays out. will get rid of everything if avalanche ensues, but feel like spy 107.4+ is safe close
apparently not...my SDS chart today was making me hesitant in my SPY trades today, but went ahead with these calls anyway. gonna see what tomorrow brings. im not convinced what im looking for has been invalidated just yet. first hour tomrrow should let us know.