High volatility
- Thread starter ChrisM
- Start date
Trajan,
good people have helped me with that (take a look at earlier posts of this thread) but seriously, one of them has been working especially well: http://www.coveredcalls.com/
BTW where is trdmac ? Is he so quiet because he makes big bucks in options ?
I'll use that one when things are quiet. Yesterday, I went to Ivolatility.com to find something to trade and did enter a few orders, but it wasn't anything especially exciting, nothing got filled anyways.
Maybe trdmac is doing the same thing as me, taking nice long coffee breaks, relaxing and watching planets align. I was thinking last night about taking a break for a few days from trading. I took a few days off in April after a mediocre March. It did me a world of good, as I came back focused and been consistently profitable since(it also helps that the market is much better).
Yeah, I have bought a ten lot of the 15c for 2.60 and was going to sell either 15 of 17c or 20 of the 20c. Looking back, I don't particularly like being long that call. I tried to hit a bid and take a profit but somebody beat me to it. Instead, I just sold stock to hedge. My preference would be to buy an otm call in one of the further out months and sell the 17c against them and use that 15c as short stock.
Trajan, and Chris,
Wow I feel so missed. I have been poking around, dating a little and sleeping in. Just got back from a walk, I live on a lake and the weather was nice and hot today.
As for the market, I just took some longs (MDY) to be specific off the table yesterday or the day before. And have been watching my short puts rot away. I am looking for a pull back to deploy some cash, but that in and of itself may indicate where we go from here.
Wow I feel so missed. I have been poking around, dating a little and sleeping in. Just got back from a walk, I live on a lake and the weather was nice and hot today.
As for the market, I just took some longs (MDY) to be specific off the table yesterday or the day before. And have been watching my short puts rot away. I am looking for a pull back to deploy some cash, but that in and of itself may indicate where we go from here.
has exploded today so it could be nice opportunity. Meanwhile trying to close profits on short BPUR 5 put, while market goes up.
I do use IVolatility as well but the best for me would be own monitoring. At many times this is not only matter of volatility, but there is decent amount of opportunities so far.
trdmac, nice to read you back ! I understand you so well. Before leaving to Europe I had lived in Atlantic Highlands, NJ. Missing that place so much. Walking on the beach always charged my batteries
I do use IVolatility as well but the best for me would be own monitoring. At many times this is not only matter of volatility, but there is decent amount of opportunities so far.
trdmac, nice to read you back ! I understand you so well. Before leaving to Europe I had lived in Atlantic Highlands, NJ. Missing that place so much. Walking on the beach always charged my batteries
All I can say is lucky I covered my KBH and LEN in March. So now I am thinking it may be worth putting out some sort of a short on these.
My thought with Volatility being so low is that buying some puts may be a good strategy, don't think I could stomach another 20 points up.
Curious too if anyone is thinking about MSO, seems like this could have some explosive action in the near future. Generally, I don't like gimmick trades, but this does seem interesting.
My thought with Volatility being so low is that buying some puts may be a good strategy, don't think I could stomach another 20 points up.
Curious too if anyone is thinking about MSO, seems like this could have some explosive action in the near future. Generally, I don't like gimmick trades, but this does seem interesting.
trdmac,
I rarely buy options except to hedge my short position i.e. vertical spread - just closed one in BPUR buying back June 5 put for 10 bugs, while my long 2,5 put does not have a chance to be bought - but it was my only long option position yet.
I can see MSO on my top vola screen but while I trade non-directional strategies this particular one seems to not having any predictable resistance/support which means is too weird. I would think about selling vertical put spreads for this one.
...goes as follows:
I`ve closed short Call 7.5 buying back for 10 bucks/piece.
Earlier have closed another short position by buying back Put 5 for (again) $10/piece.
The only remain is long PUT 2.5 which nobody wants for $10/piece but it`s OK, it was expected, just hedged my position downside and lowered margin.
I`ve closed short Call 7.5 buying back for 10 bucks/piece.
Earlier have closed another short position by buying back Put 5 for (again) $10/piece.
The only remain is long PUT 2.5 which nobody wants for $10/piece
but it`s OK, it was expected, just hedged my position downside and lowered margin.