my divine commedia to optionality

[ironchef]

My apology, not trying to challenge you approach, just sharing my view. We each trade based on our personal background, experiences and psychological makeup.

I have been trading GOOGL, GE and TEVA, mostly single legs, long and short, for the last several years. GE and TEVA , GOOGL .

Best wishes and best of luck to you.

 

[.sigma]

This week I'm homing in on

$VG
$RAIL
$BTU
$ENLC

 

[.sigma]

My apology, not trying to challenge you approach, just sharing my view. We each trade based on our personal background, experiences and psychological makeup.

I have been trading GOOGL, GE and TEVA, mostly single legs, long and short, for the last several years. GE and TEVA , GOOGL .

Best wishes and best of luck to you.

No need for apologies, I understand your premise. I think we just have a different context in how we define opportunity in rising/falling markets. Its all good! I welcome healthy dialog and encourage it that's why I created this journal, so please comment more in the future! Cheers!

 

[.sigma]

This week I'm homing in on

$VG
$RAIL
$BTU
$ENLC

These all look like good prices to buy, but I'm waiting on some sort of strength before I jump in.

Meanwhile $CMRX keeps pushing higher daily! Wish I stayed in!

 

[.sigma]

$TWTR up a little (0.34cents) I'm looking forward to $31

 

[.sigma]

My 50/55/60 put fly is negative since $KSS blew past the implied move.

I always allocate a very small % of my buying power to these speculative plays so I never win big nor lose big.

 

[.sigma]

Took a shot at $TGT earnings with a wide condor.. booked a loss

Booked a small winner in $LOW, overall net-net-neg for the day

 

[.sigma]

I sold the /ESZ19 NOV 3115/3120 call vertical @ 2.75 credit yesterday.

BOT back @ 1.65 today for a 1.10 winner

 

[.sigma]

This week I'm homing in on

$VG
$RAIL
$BTU
$ENLC

Still looking for a great entry.. although all of these prices are good overall to buy for these stocks.

 

[.sigma]

/ES @ 3108.. the last day was the first "down day" we've seen in awhile. But was it really a "down" day? Down days are more related to up days than we think. Every down tick somehow is evidence of buying activity and each "correction" gets absorbed by the smart doe and we chug another 100 points higher.

In 2020 I'm going to focus more on options on futures.. I'm still trying to figure out the best products to use for my personality.. Why trade the SPX over the /ES? Its really up to you and your plan. $SPX is the mother of all products. But I've been diving into both SPX options and /ES options.