Global Options Trades

Global OptionsTrades said:
You're welcome - hope it is of use.

1. I use several, and build a composite buy or sell based on Bollinger Bands, Moving Averages and Stochastics to confirm that a trend has finished.

2. I use IB. I think I might have answered the second part on the other thread where you and others asked questions. Posts 77 and 78, here:
https://www.elitetrader.com/et/threads/is-buying-options-a-mugs-game.332249/page-8#post-4860135
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Thanks! I suppose you won't give away a bit of your secret sauce? : )
 
Pkay said:
Thanks! I suppose you won't give away a bit of your secret sauce? : )
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Sure, I'll just pop round to your house and put the trades on for you if you like!

Afterwards, I'll wash your car and mow your lawn too!

:D

For me, the 'secret sauce' that you refer to took 20 years of studying, modelling, backtesting, iterating and repeating to learn how to make a profit out of trading options.

You need to understand what you're trying to achieve, then find a way of doing it that suits your financial situation, your professional life and your personal life. What works for you might make more money than what works for me.

That you have all the information that you need (here and in the other thread, referenced yesterday) to do what I do, and you haven't joined up the dots to do it, suggests to me that you should perhaps be doing something else.
 
Trades from last week follow.

Sold FTSE Puts at a profit following a reversal on Tuesday.

Security / Ticker: FTSE
Open Trade Date: 09 April 2019
Trade: Sell to Close
Expiry Date: 17 May 2019
At the Money / Out of the Money: AtM
Exercise Price: 7,400
Direction: Call
Opening Price: 98.4
Close Trade Date: 14 May 2019
Closing Price: 147.7
Roundtrip P&L: 50.1%


Security / Ticker: FTSE
Open Trade Date: 09 April 2019
Trade: Sell to Close
Expiry Date: 17 May 2019
At the Money / Out of the Money: OotM
Exercise Price: 7,150
Direction: Call
Opening Price: 20.8
Close Trade Date: 14 May 2019
Closing Price: 3.6
Roundtrip P&L: -82.5%


And bought Calls:

Security / Ticker: FTSE
Open Trade Date: 14 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 7,275
Direction: Call
Opening Price: 101.1

Security / Ticker: FTSE
Open Trade Date: 15 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: OotM
Exercise Price: 7,525
Direction: Call
Opening Price: 12.2
 
I got DAX wrong! Closed out May Puts at a loss.

Security / Ticker: DAX
Open Trade Date: 10 April 2019
Trade: Sell to Close
Expiry Date: 17 May 2019
At the Money / Out of the Money: AtM
Exercise Price: 11,800
Direction: Put
Opening Price: 192.2
Close Trade Date: 15 May 2019
Closing Price: 0.7
Roundtrip P&L: -99.6%

Security / Ticker: DAX
Open Trade Date: 10 April 2019
Trade: Sell to Close
Expiry Date: 17 May 2019
At the Money / Out of the Money: OotM
Exercise Price: 11,200
Direction: Put
Opening Price: 26.8
Close Trade Date: 15 May 2019
Closing Price: 1.0
Roundtrip P&L: -96.3%

NB Not that it changes anything of significance but I noticed a typo when entering this trade. This version is correct.

Bought Calls:

Security / Ticker: DAX
Open Trade Date: 15 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 12,100
Direction: Call
Opening Price: 225.3

Security / Ticker: DAX
Open Trade Date: 15 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: OotM
Exercise Price: 12,750
Direction: Call
Opening Price: 18.1
 
Sold S&P 500 Puts at a profit:

Security / Ticker: ES
Open Trade Date: 25 April 2019
Trade: Sell to Close
Expiry Date: 21 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 2,920
Direction: Put
Opening Price: 51.3
Close Trade Date: 16 May 2019
Closing Price: 74.1
Roundtrip P&L: 44.5%

Security / Ticker: ES
Open Trade Date: 25 April 2019
Trade: Sell to Close
Expiry Date: 21 June 2019
At the Money / Out of the Money: OotM
Exercise Price: 2,800
Direction: Put
Opening Price: 9.6
Close Trade Date: 16 May 2019
Closing Price: 19.2
Roundtrip P&L: 100.4%


Also closed Put side of Straddle ata profit, leaving 2940 Calls open.

Security / Ticker: ES
Open Trade Date: 29 April 2019
Trade: Sell to Close
Expiry Date: 21 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 2,940
Direction: Straddle
Opening Price: 50.1
Close Trade Date: 16 May 2019
Closing Price: 87.6
Roundtrip P&L: 74.9%


Before buying Calls:

Security / Ticker: ES
Open Trade Date: 16 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 2,880
Direction: Call
Opening Price: 46.7


Security / Ticker: ES
Open Trade Date: 16 May 2019
Trade: Buy to Open
Expiry Date: 21 June 2019
At the Money / Out of the Money: OotM
Exercise Price: 3,000
Direction: Call
Opening Price: 3.3
 
Nikkei 225 Puts expired with an aggregate net profit.

Security / Ticker: N225
Open Trade Date: 08 April 2019
Trade: Sell to Close
Expiry Date: 09 May 2019
At the Money / Out of the Money: AtM
Exercise Price: 21,750
Direction: Put
Opening Price: 348.7
Close Trade Date: 09 May 2019
Closing Price: 478.1
Roundtrip P&L: 37.1%

Security / Ticker: N225
Open Trade Date: 08 April 2019
Trade: Sell to Close
Expiry Date: 09 May 2019
At the Money / Out of the Money: OotM
Exercise Price: 20,625
Direction: Put
Opening Price: 41.6
Close Trade Date: 09 May 2019
Closing Price: -
Roundtrip P&L: -100.0%
 
Following a Bullish reversal on Thursday, closed the Put side of the June Straddle at a small profit and initiated long position by buying calls:

Security / Ticker: N225
Open Trade Date: 07 May 2019
Trade: Sell to Close
Expiry Date: 13 June 2019
At the Money / Out of the Money: AtM
Exercise Price: 21,625
Direction: Straddle
Opening Price: 549.7
Close Trade Date: 16 May 2019
Closing Price: 622.0
Roundtrip P&L: 13.1%


Security / Ticker: N225
Open Trade Date: 16 May 2019
Trade: Sell to Close
Expiry Date: 11 July 2019
At the Money / Out of the Money: AtM
Exercise Price: 21,375
Direction: Call
Opening Price: 510.2

Security / Ticker: N225
Open Trade Date: 16 May 2019
Trade: Sell to Close
Expiry Date: 11 July 2019
At the Money / Out of the Money: OotM
Exercise Price: 22,375
Direction: Call
Opening Price: 186.4
 
On each reversal, I sold Bull Put spreads at various expiries through 2019, for immediate cash credit. Not sure how useful it is to show them here, but can do so if anybody is interested.
 
Global OptionsTrades said:
On each reversal, I sold Bull Put spreads at various expiries through 2019, for immediate cash credit. Not sure how useful it is to show them here, but can do so if anybody is interested.
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Yes, please do.
I'm using options myself as a directional trade. Just buying calls or puts.
But I'm very interested in the mechanics of those multi-legged positions.

JP
 
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