??
He paid $9 and said he would stop out at 5.5. It turns out he stopped out at 5.5ish and decided to go long.
What's unrealistic? The prices he said traded and they are consistent with his post timing and he's honest in documenting his trades.
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My option trades
- Thread starter ryanpatrick
- Start date
??
He paid $9 and said he would stop out at 5.5. It turns out he stopped out at 5.5ish and decided to go long.
What's unrealistic? The prices he said traded and they are consistent with his post timing and he's honest in documenting his trades.
Quote from newwurldmn:
??
He paid $9 and said he would stop out at 5.5. It turns out he stopped out at 5.5ish and decided to go long.
What's unrealistic? The prices he said traded and they are consistent with his post timing and he's honest in documenting his trades.
Oh yeah, I watched minute by minute yesterday....lol, I clearly sold on that last leg back to 590 or so....I had hard stop loss at 5.50, but I overrode that and sold at market. Even jumped into the 590 calls. Like I said earlier, they are going to push AAPL to $600 before all is said and done. This is one of those rare guarantees in the market. I felt that yesterday afternoon when from no where bids were coming in at $585 then $586, 587, 588, and by the time the market ended 590 or so. Had the market been opened for another 30 minutes we'd be at 595 yesterday. That's how crazy it looked for AAPL.
Quote from Nine_Ender:
There are things you said about this trade that are unrealistic,
given the spread involved and volatility of AAPL.
Closing bid price was $5.60. So if your "stop loss" is $5.50, you sold right ? Otherwise, your real stop loss is the entire position.
Then you are risking 18% of your portfolio on an option expiring in 2 days.
Oh just read this sorry, too many posts pushing the pages on this thread, just noticed this post. But I did answer it.
THERE IT IS ..... AAPL HITS $600 AT THE OPEN LOL. I was set up to close out those 590 calls, and I'm out....13.40. Freaking made my money back....leaving this one alone until I'm sure the correction is in.....lol
Quote from falconview:
Heck Ryan
Ur up to $9469 already since two days ago?
Just no keeping up with you mon!
Yea, made it there on the two GOOG put spread I had. I was actually back to $8300 yesterday on AAPL and possible GES loss, actually lost -625.9 on the AAPL puts and expected to lose -462.95 on the GES call, but just locked in +1,669.10 on the 3 AAPL 590 calls I added yesterday afternoon....I was 110% sure they were going to push AAPL to $600 by end of week lol. Just glad to be right and make it out alive. I'm all cash now at $10,049.34. Just going to sit back and look at those earnings for next week. I think someone did mention we have big names next week.
It sure smells like the start of a correction here, even if its 1-3% correction instead of 5-8%.
Alright, can't stay 100% cash for long, added 2 CREE Apr 30 call at 2.34. Small risk here, earnings are in April and I hope it occurs before expiration too. Just can't sit and watch it as it bounces of the lower end of its uptrend channel anymore.
Quote from ryanpatrick:
Oh yeah, I watched minute by minute yesterday....lol, I clearly sold on that last leg back to 590 or so....I had hard stop loss at 5.50, but I overrode that and sold at market. Even jumped into the 590 calls. Like I said earlier, they are going to push AAPL to $600 before all is said and done. This is one of those rare guarantees in the market. I felt that yesterday afternoon when from no where bids were coming in at $585 then $586, 587, 588, and by the time the market ended 590 or so. Had the market been opened for another 30 minutes we'd be at 595 yesterday. That's how crazy it looked for AAPL.
I've been long teh May 525 calls since about 525 (before that last dip in the stock). I kept them but I bought some April 590 puts and sold some April 630 calls. Flattend my delta and long a lot of downside gamma and some local gamma as well. Skew is perfectly flat and vol is pretty bid.
All this was about the 595 level.
Gaaaawd almighty!
Ryan
You are up 555% in your equity in a little less than four months.
$1800 to $10,049.
Man o Man!
Well you give me inspiration for sure! I´m re-thinking some of the ways I am trading. Done some fine tuning on my system, but will have to increase the number of trades,which in turn means going into stocks.
I´m a little confused on how much leverage an option gives yet, vs a stock price move, for say 1%, or .5%
I suppose I can figure it out?
Ryan
You are up 555% in your equity in a little less than four months.
$1800 to $10,049.
Man o Man!
Well you give me inspiration for sure! I´m re-thinking some of the ways I am trading. Done some fine tuning on my system, but will have to increase the number of trades,which in turn means going into stocks.
I´m a little confused on how much leverage an option gives yet, vs a stock price move, for say 1%, or .5%
I suppose I can figure it out?
Quote from falconview:
Gaaaawd almighty!
Ryan
You are up 555% in your equity in a little less than four months.
$1800 to $10,049.
Man o Man!
Well you give me inspiration for sure! I´m re-thinking some of the ways I am trading. Done some fine tuning on my system, but will have to increase the number of trades,which in turn means going into stocks.
I´m a little confused on how much leverage an option gives yet, vs a stock price move, for say 1%, or .5%
I suppose I can figure it out?
There are a lot of losses along the way too....It's not as pretty as it looks lol. There's been some stressed out days. Like me trying to fight AAPL the past few days losing about -1600 along the way, before making it all back this morning. I'm not touching AAPL again for a while though.
I did buy more CREE calls at $2.40. And also added long term position for the first time. Bought RAX 2 June 50 calls at $8.00. I'll create a spread with RAX to limit some short term noise in the market incase it does happen. But, I'm aiming for a gap higher in its next earning report sometime in May.