The numbers for the ORCL trade didn't add up. He clearly stated he bought March23 2012 calls for $1.00, no strike mentioned. But the only $1.00 options available were the March23 30.00 Puts. He hasn't clarified this discrepancy yet.
My option trades
- Thread starter ryanpatrick
- Start date
The numbers for the ORCL trade didn't add up. He clearly stated he bought March23 2012 calls for $1.00, no strike mentioned. But the only $1.00 options available were the March23 30.00 Puts. He hasn't clarified this discrepancy yet.
Yeah, I figured he'd clear that up for us too when responding. I'm guessing he meant puts since he had said he was going to try to buy ORCL puts in an earlier post.
ForexForex:
Five posts and no response to this? Why not?
It is early evening here, had an afternoon nap.
Just going through my Blue Chip pattern trading results on the winners. It did n´t turn out so good in analysis. Best case scenarios for exit with profit are below.
BAC made net loss figuring in commissions and spread
COF was the best of them with a net 12%
WFC made net 5%
JPM made 2% net
Took 5 days.
Not at all impressed with the results. Tough to exit and cover your costs of the bid ask spread and the commissions.
Kind of through with playing with Blue Chips and pattern trading.
___________________________
Been reading up on calendars and double diagonals. Guess I start researching the Calendars. Calendars are apparently not about market movement so much, as you require the direction right and you collect the THETA, which is what both ATTICUS and DON have been harping on.
If you do CALLS, then you want the expiration to end up above the original starting point of price. Vice versa on the PUTS.
So will start researching and experimenting with Calendars now. The idea of taking profits based on market movement with calendars, is either abandoned, or in limbo. Just plan on Theta collecting.
The idea of forecasting where the market will be in one to four weeks is somewhat difficult to wrap my head around.
_____________________________
Just going through my Blue Chip pattern trading results on the winners. It did n´t turn out so good in analysis. Best case scenarios for exit with profit are below.
BAC made net loss figuring in commissions and spread
COF was the best of them with a net 12%
WFC made net 5%
JPM made 2% net
Took 5 days.
Not at all impressed with the results. Tough to exit and cover your costs of the bid ask spread and the commissions.
Kind of through with playing with Blue Chips and pattern trading.
___________________________
Been reading up on calendars and double diagonals. Guess I start researching the Calendars. Calendars are apparently not about market movement so much, as you require the direction right and you collect the THETA, which is what both ATTICUS and DON have been harping on.
If you do CALLS, then you want the expiration to end up above the original starting point of price. Vice versa on the PUTS.
So will start researching and experimenting with Calendars now. The idea of taking profits based on market movement with calendars, is either abandoned, or in limbo. Just plan on Theta collecting.
The idea of forecasting where the market will be in one to four weeks is somewhat difficult to wrap my head around.
_____________________________
ATTICUS
Question on the Calendar.
I´m looking at QQQ 67 strike.
Buy the May 67 Call, @ 1.77
Sell the March Quarterly @ ,67 cents
IV ´s work out according to instructions.
HOWEVER, I am wondering if one can just as well move ITM
and do the calendar on a strike like 63, further away from any market reaction.
The IV´s still are okay.
Question on the Calendar.
I´m looking at QQQ 67 strike.
Buy the May 67 Call, @ 1.77
Sell the March Quarterly @ ,67 cents
IV ´s work out according to instructions.
HOWEVER, I am wondering if one can just as well move ITM
and do the calendar on a strike like 63, further away from any market reaction.
The IV´s still are okay.
I don't respond to atticus's lapdogs. My inquiry was directed to atticus in response to his post.
So I assume the link your subordinate has provided is approved by you? If so then any concerns should be addressed on the thread in question within a few days, not 1 year later on an unrelated thread. Instead of hijacking this thread could you post in the proper thread to stay on topic.
i
It's fine to question things, but you don't know what you're doing. A $4 ATM straddle is not going to generate $0.70 in delta-gains from a $2 move in the underlying. I don't know if you're ignoring the advice because you're pig-headed or if it's really this confusing for you. I don't have the time or inclination to hand-hold.
Assume IVs are inviolate. Disregard them completely. You were talking about Q when NWM was discussing AAPL realized vol. Nobody confuses a 17-vol with a vol in the 30s.
The BS that you can't sell gamma in a small account is absurd. You can buy flies and condors with a few bucks, literally. My niece trades a $4,000 account and is predominately short gamma in debit-spreads. I have a nephew trading short gamma with $350 in his account that his parents hold on his behalf.
Quote from ForexForex:
So I assume the link your subordinate has provided is approved by you? If so then any concerns should be addressed on the thread in question within a few days, not 1 year later on an unrelated thread. Instead of hijacking this thread could you post in the proper thread to stay on topic.
The link is fine and you're a fraudulent POS. Go play in traffic. Thank your personal God that you'll never meet me as you would lose the ability to operate a keyboard.