Expiration Week Only-EXTREME Options Trading

I

increasenow

Expiration Week Only-EXTREME Options Trading...

let's be flat out real...the best opportunities for trading options lie in the Expiration Week Only-EXTREME Options Trading...

these 5 days give great 'huge move' options trading...anyone just trade options this week?

we are about 4 weeks away from doing this in August...the moves of the options as relates to underlying stock/etf/index are flat out amazing...
 
butterflies are not to bad to trade within the last 2 weeks before expiration. However, I am usually rolled out into the next month by the first 2 days of expiration week.
 
See--
http://seekingalpha.com/article/151275-book-review-trading-options-at-expiration-by-jeff-augen



Quote from increasenow:

Expiration Week Only-EXTREME Options Trading...

let's be flat out real...the best opportunities for trading options lie in the Expiration Week Only-EXTREME Options Trading...

these 5 days give great 'huge move' options trading...anyone just trade options this week?

we are about 4 weeks away from doing this in August...the moves of the options as relates to underlying stock/etf/index are flat out amazing...
More...
 
I do it, trading options on expiration week is the bread and butter of my option trading. I never trade option spreads under any other conditions.

I know most of you guys will think this is crazy but for some reason, it works much better for me than longer term ones... I guess my signals and trading style are better suited for that. In fact, last fall when all hell broke loose, I came out on top because of it. Had I been stuck in long term spreads I would have taken the same kind of hit many LLP's have taken...

However there are a few things to consider:

1) You need to be ultra careful because you do not have the luxury of time to recover to very steep moves.

2) There are only one expiration week for stocks per month so you are forced to trade weekly's on index the rest of the time and that limits choices.

3) You can hardly buy "over-insurance" because it looses its value very fast.
 
does anyone know anyone that really 'for real' only trades these 5 days?...you need to check it out...the moves in the options are MONSTER compared to relatively small moves in underlying...
 
Quote from increasenow:

does anyone know anyone that really 'for real' only trades these 5 days?...you need to check it out...the moves in the options are MONSTER compared to relatively small moves in underlying...
More...

I trade them every expiration which for me it's twice a month, not just once as they are my favorite weeks. It's not for the faint of heart though. Thus, your timing of the magnitude of volatility, and the direction of the underlying better be impeccable.
 
Quote from spindr0:

Get castrated!

(wink)
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haha ^ priceless trading wisdom?

if it'll help me deal with high gammas....


the dude above
Thus, your timing of the magnitude of volatility, and the direction of the underlying better be impeccable.
More...

^ totally not for me...

I'll be "wrong" the first 3 weeks, then "right" the next 2 weeks after that.
 
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