Looking for a good option play idea...

M

mizhael

Hi all,

I am looking for a good option play trade idea... specifically, I am looking for opportunities where the odds look like 100:1 but actually it's about 10:1, etc. i.e. in a bet, if I lose, I lose small but if I win, I win big...

Any good ideas for the current markets?

Thanks!
 
Quote from ForexForex:

Buy one of the weekly options on the Thursday before expiration. The odds are much better than your requirements of a 10% success rate. Buy 1 strike OTM.

My pick of the week:

  • GOOG Jun 2011 485.00 put
  • Buy Thursday sell Friday.
  • Paper trade this and see how it does.
http://finance.yahoo.com/q?s=GOOG110624P00485000
More...

Oh I missed your post.

Thursday is already passed...

How did it go?
 
Quote from nfamousyoungest:

Buy OTM put on eur/usd, hope shit hits the fan. Sub 1.40 strikes. Or put backratio.
More...

Bearish Eur? What's a good maturity?

Hopefully I can see prices from Bloomberg...
 
Quote from ForexForex:
Buy one of the weekly options on the Thursday before expiration. The odds are much better than your requirements of a 10% success rate. Buy 1 strike OTM.

My pick of the week:

  • GOOG Jun 2011 485.00 put
  • Buy Thursday sell Friday.
  • Paper trade this and see how it does.
http://finance.yahoo.com/q?s=GOOG110624P00485000
More...
Quote from mizhael:
Oh I missed your post.

Thursday is already passed...

How did it go?
More...

Based on quotes at market close for a 1 strike OTM GOOG put the paper trade would be:

Buy GOOG Jun 2011 480.000 put @ $2.45
http://finance.yahoo.com/q?s=GOOG110624P00480000
Close on Friday.
 
ForexForex,

I am new to equities and options. Can you please tell us why did you choose GOOG for this trade? What kind of analysis did you do? It seems like you anticipated the down move in the UL, am I right here?

Thanks inadvance for bearing with my noobish questions.
 
Quote from ForexForex:
06-23-11 11:28 PM

Based on quotes at market close for a 1 strike OTM GOOG put the paper trade would be:

Buy GOOG Jun 2011 480.000 put @ $2.45
http://finance.yahoo.com/q?s=GOOG110624P00480000
Close on Friday.
More...


Now trading @ $4.50.

Since last day of trading is today I would close it. This sort of 1-2 day trade every week with the weekly options should fit your requirements. Also check out the QQQ options, much cheaper.
 
remember GS in 2010 when the SEC lawsuit came out.. on expiration day LMAO..

puts that were trading at 2 cents went to 20 dollars
 
Quote from ForexForex:

Now trading @ $4.50.

Since last day of trading is today I would close it. This sort of 1-2 day trade every week with the weekly options should fit your requirements. Also check out the QQQ options, much cheaper.
More...

Nice call on that trade FF. Can you explain how you screen for your setups?
 
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