Closed out the AAPL APR 575 puts at $17.10. AAPL opened near $600, and that was enough, dividend and buyback program set into play too. Took the loss there. This morning sure looks like a drop, I'll be looking for 1 GOOG weekly put today. Plus ORCL looks like a good earning candidate, My research has given me odds on the put side already, so that's what I'll be looking for, looks like I'm stuck in this $8500-$10000 range for my account.
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My option trades
- Thread starter ryanpatrick
- Start date
Quote from ryanpatrick:
Closed out the AAPL APR 575 puts at $17.10. AAPL opened near $600, and that was enough, dividend and buyback program set into play too. Took the loss there. This morning sure looks like a drop, I'll be looking for 1 GOOG weekly put today. Plus ORCL looks like a good earning candidate, My research has given me odds on the put side already, so that's what I'll be looking for, looks like I'm stuck in this $8500-$10000 range for my account.
Vol low and correlation low so informational edge becomes more important and pretty much everyone on this site is at a disadvantage on that.
Quote from falconview:
Don Bright
Okay on the stock and strangle method. First I ever heard of it.
"only way is a credit spread"? What, you're not paying attention. Just pretend to sell outside strangle, and leave it alone. I have to say, with vol so low, you may not get much for it, but it will be 'safer' for you. Stock at 35, sell 30 put, 40 call. Watch money come in. Keep all this simple. Put those stupid books down. "
Is there any particular month involved with this? If your selling THETA I would hazard a guess at FIRST MONTH? Could it work on the weekly?
So you buy the stock, do your strangle, collect the THETA and then I presume go to expiration and then sell the stock? I presume the stock guarantees your strangle trade, for selling options as a margin qualifier?
OK, first off, please don't take anything I say as anything other than me simply trying to help you and others.
Selling strangles has nothing to do with buying stock. Take "buying" out of your vocabulary, or at least set it aside for this one.
Just sell otm puts and calls, near term. This is one, very simple way to make a little money. Of course you need keep an eye on it, but not unless you see the underlying getting real close to strike. Not a big deal. You may be put stock, hopefully at a price you like (much lower than when you put the trade on). The idea is to have both sides expire worthless, as most options do.
Don
2 goog 630 puts at 5.44. will add orcl puts too as an earning trade.
also got into 2 gs april 125 calls at 4.6
also got into 2 gs april 125 calls at 4.6
also went back to add the aapl 575 put at 14.95....all in now, just a matter of how the market turns for the rest of the week.
I see AAPL made a big drop on the open, but started 30 mins later back almost to the OPEN again. In the hourly chart anyway. Would hazard a guess that is over?
Well the experimental credit spread in QQQ for June month, didn´t move at all much. Nothing there as a credit spread is about declining THETA and three months out is too much, I guess.
The April JEFF Selling Strangle, paper trade, I put on gained .10 cents, what I really want to look at is a stock in theweeklies. Will try to do that today.
Don you keep saying SELL. My understanding is I cannot SELL with the amount of margin my account has, unless it has a back up something. So I will look for a stock that trades weeklies and see what a paper experiment will do. I think if I understand this right, I have to have the stock in my account in order to SELL anything.
Maybe I´ll ask the HELP desk in TOS?
Both earnings announcements ( I bought Paper trading CALLS ) lost money in OMN AND JEF.
Well the experimental credit spread in QQQ for June month, didn´t move at all much. Nothing there as a credit spread is about declining THETA and three months out is too much, I guess.
The April JEFF Selling Strangle, paper trade, I put on gained .10 cents, what I really want to look at is a stock in theweeklies. Will try to do that today.
Don you keep saying SELL. My understanding is I cannot SELL with the amount of margin my account has, unless it has a back up something. So I will look for a stock that trades weeklies and see what a paper experiment will do. I think if I understand this right, I have to have the stock in my account in order to SELL anything.
Maybe I´ll ask the HELP desk in TOS?
Both earnings announcements ( I bought Paper trading CALLS ) lost money in OMN AND JEF.
My Mechanical Trading System spit out Calls again (broken record).
Here's the Output:
Buy 1: SPY140 Calls at 2 .15 / Sell at 2.69, but if it tanks before profiting then
Buy 2: SPY140 Calls at 1.60 / Sell all at 2.30
Stop: 1.45
Win: .70 + .15 = .85
Lose -.70 + -.15 = -.85
Reward to Risk: 1/1
I bravely entered the darkness and Buy 1 is filled.
Here's the Output:
Buy 1: SPY140 Calls at 2 .15 / Sell at 2.69, but if it tanks before profiting then
Buy 2: SPY140 Calls at 1.60 / Sell all at 2.30
Stop: 1.45
Win: .70 + .15 = .85
Lose -.70 + -.15 = -.85
Reward to Risk: 1/1
I bravely entered the darkness and Buy 1 is filled.
Go to Think or Swim, click on "Analyze" and "Add Simulated Trade", type in IWM or QQQ, choose the weekly option "Mar4 12" with 3 days to go. Right click on the 65 puts, choose "Sell" "Strangle". Then click on "Risk Profile", adjust your call and put that you are selling to give you what you are looking for regarding income/risk, etc. Then simply enter the position.
DEMO only, until you master selling time premium.
DEMO only, until you master selling time premium.
Quote from falconview:
I see AAPL made a big drop on the open, but started 30 mins later back almost to the OPEN again. In the hourly chart anyway. Would hazard a guess that is over?
Well the experimental credit spread in QQQ for June month, didn´t move at all much. Nothing there as a credit spread is about declining THETA and three months out is too much, I guess.
The April JEFF Selling Strangle, paper trade, I put on gained .10 cents, what I really want to look at is a stock in theweeklies. Will try to do that today.
Don you keep saying SELL. My understanding is I cannot SELL with the amount of margin my account has, unless it has a back up something. So I will look for a stock that trades weeklies and see what a paper experiment will do. I think if I understand this right, I have to have the stock in my account in order to SELL anything.
Maybe I´ll ask the HELP desk in TOS?
Both earnings announcements ( I bought Paper trading CALLS ) lost money in OMN AND JEF.
Thankyou dreamliner. I´ve never been able to get into that analyzer thingy. I think because I use web trading instead of desktop? But I will check it over again, to see what I can do. I very much appreciate your assistance.