The DIA is probally the best option "expiration week play" but the risk is very high - as you know.
It will be interesting to see if you can pull it off again next month. Remember a 100% loss has to be made up with a 200% win.
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Expirations Week plays
- Thread starter xtrhvydty
- Start date
The DIA is probally the best option "expiration week play" but the risk is very high - as you know.
It will be interesting to see if you can pull it off again next month. Remember a 100% loss has to be made up with a 200% win.
Quote from forex-forex:
The DIA is probally the best option "expiration week play" but the risk is very high - as you know.
It will be interesting to see if you can pull it off again next month. Remember a 100% loss has to be made up with a 200% win.
I woun't play the DIA next month just because it's expiration week. It just looked to be way oversold this time.
Now the question is: do I take the rest of the profit now (it's almost a 5 bagger), or do I let greed take over and watch it slip through my fingers?
Just jumped into GOOG Jul 350p (1.05)/ Jul 340p (.65) spread.
Got a Credit from the 350p of $1050, and the 340p cost me $650.
This should be about a quick $350 after commission if GOOG stays above 350 by close on Friday.
Will watch the activity on this on Thursday afternoon to see if I want to buy it back before the EOD. (Earnings Release on Friday AM).
Got a Credit from the 350p of $1050, and the 340p cost me $650.
This should be about a quick $350 after commission if GOOG stays above 350 by close on Friday.
Will watch the activity on this on Thursday afternoon to see if I want to buy it back before the EOD. (Earnings Release on Friday AM).
Quote from jllm03:
Just jumped into GOOG Jul 350p (1.05)/ Jul 340p (.65) spread.
Got a Credit from the 350p of $1050, and the 340p cost me $650.
This should be about a quick $350 after commission if GOOG stays above 350 by close on Friday.
You are risking $9650 for $350.00. One bad trade will wipe out 27 such trades.
I watch my spread trades rather closely. If there is any movement within 10-15 points of my short side I am ready to buy it back. 360 is a major support for the past couple months. If it breaks that on Thursday I will exit.
My breakeven point on this trade is 350...that is 49 point movement in 2 days...more than likely I will be out of it by EOD thursday.
My breakeven point on this trade is 350...that is 49 point movement in 2 days...more than likely I will be out of it by EOD thursday.