My butterfly/calendar/straddle option trades

johnshepherd59 · Jun 25, 2012

Quote from atticus:

I'm not intending to be hyper-critical, but none of this makes any sense. It's like stating you should've gone short instead of going long.

That is what i am stating.

atticus · Jun 25, 2012

Quote from johnshepherd59:

That is what i am stating.

Ok, then the calendar was not the answer. The 1320 strike is up a buck. Sell futures or buy puts next time.

johnshepherd59 · Jun 25, 2012

Out of curiosity Atticus, do you believe in Technical Analysis (support, resistance, double bottom, i.e. looking at the charts?

atticus · Jun 25, 2012

Quote from johnshepherd59:

Out of curiosity Atticus, do you believe in Technical Analysis (support, resistance, double bottom, i.e. looking at the charts?

Sure, there are a few indicators I use on a daily-close basis. Along with some breadth statistics.

Doobs789 · Jun 26, 2012

In a RUT July 745/775/805 Fly @ 7.75 (from yesterday)

johnshepherd59 · Jun 26, 2012

Yeah, yesterday was a good day to buy.
Im seeing some greens today...just need to be patient.
The way facebook is going it might hit 35 this week.

johnshepherd59 · Jun 29, 2012

SPX at 1355 but I dont think i should sell. Wait maybe a week. Not much profit. Spx hit 1355 a lot faster than i thought. I think buying shorter duration flies may be a better idea.

johnshepherd59 · Jul 2, 2012

Sold part of the SPX fly. Sold an unbalanced fly at 1330/1355/1405 (sold 2 -1330/bought 6 1355 and sold 2 1405). The original fly has been converted to a 1305/1330/1355 fly for only 200 risk per thinkorswim. Max profit potential 4.7k.
Still holding on to Facebook.

iceman1 · Jul 2, 2012

Quote from johnshepherd59:

I guess calendar spread was better than butterfly for the SPX.

you are already second-guessing yourself - lol

iceman1 · Jul 2, 2012

Quote from johnshepherd59:

I actually bought 1320 jul calendar spread, but I sold it before the market drop, which I think was on Thursday. Would have been a gain if I waited. One thing I have decided to do after that experience is wait till the end of the day before making any decisions on selling.

more second guessing?