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My option trades
- Thread starter ryanpatrick
- Start date
Quote from traderlux:
...still not in the clear, its why i dont like euro-style, lets see what happens,....ive been burned before....
Yeah. Euro-style has nothing to do with it though. It's not like an American option would be any different. But he does have unhedgable risk to tomorrow morning. He is in a better position right now than when he was 5 points in the money.
Quote from newwurldmn:
Yeah. Euro-style has nothing to do with it though. It's not like an American option would be any different. But he does have unhedgable risk to tomorrow morning. He is in a better position right now than when he was 5 points in the money.
I could pull a ForexForex here and say it was only a paper trade.
Haha!
Mind you, I can take the loss tomorrow morning. Only a couple contracts- break even is at 2719 ish...
Quote from jeffalvinson:
03-21-12 07:16 AM
New System spit out a put trade for today.
I do not see "any possibility" the entry will be filled:
SPY APRIL 141 Puts
Buy 1: 1.75 / Sell= 2.30 but if tanks before profiting then
Buy 2: 1:35 / Sell= 1.90 (sell all)
Stop: 1.20 All
R/R: 1/1
Profit: .55 + .15 = +.70
Loss: -.55 + -.15 = -.70
---------------------------------------------------------------------------------
Analyzing the above SPY April 141 put trade that the new program spit out for
03-21-12 and comparing it with the SPY data on 03-21 & 03-22:
03-21 *APR140C 2.42 2.46 2.46 2.12 2.20
2012 *APR141P 2.42 2.30 2.63 2.17 2.45
03-22 *APR140C 2.20 1.73 1.92 1.61 1.76
2012 *APR141P 2.45 3.03 3.40 2.87 2.92
It appears it was correct on market direction but over zealous on entry discount.
I literally could have bought the open at 2.30 on 03-21 and sold at the next day's (03-22) opening price of 3.00 (+30%).
I am just thinking out loud and taking notes for possible programming revisions down the road.
Quote from newwurldmn:
I think you will be okay tomorrow. You should be able to book some kind of profit.
I made a mistake by not locking in the 60% of expected profits before the midday rally ended and began diving. I always forget Ib pattern day trader rule.
But the reversal and late rally in the last 30 mins gave me some hope. The reason I said I didn't like the upswing was because it could habe just as easily given up those gains.
This will be a lucky trade for me. O well I've needed one for a while now
Will use the proceeds to finance some long gamma positions... Next week might bring out some crazy animals.
I´m finding that now I am watching stocks, that my indicators ( home made ) don´t work at all in stocks, like they do in an index. Must be because of the large number of stocks you are averaging, or whatever. Whereas the players with a stock, are all over the board.
This should please Don.
I can do credit speads, iron condors, and now trying to do calendars. So Im at least pondering trading SELLING options. ( grin )
I do not know why I could not do what I wanted with that calendar today.
In TOS. a) -set the SELL PUTS for the March ( 8 ) days left weekly to end of month. ( bid )
b) Then the other half comes up for buying puts in April month. ( ask )
c) All at 67 strike in QQQ today. ATM or as close to it as possible.
It did give a suggested limit order of 9.58 or something and I changed that to 10.05,which is better than what I got from the option chains Anyway it rejected me.
Will try again tomorrow.
This should please Don.
I can do credit speads, iron condors, and now trying to do calendars. So Im at least pondering trading SELLING options. ( grin )
I do not know why I could not do what I wanted with that calendar today.
In TOS. a) -set the SELL PUTS for the March ( 8 ) days left weekly to end of month. ( bid )
b) Then the other half comes up for buying puts in April month. ( ask )
c) All at 67 strike in QQQ today. ATM or as close to it as possible.
It did give a suggested limit order of 9.58 or something and I changed that to 10.05,which is better than what I got from the option chains Anyway it rejected me.
Will try again tomorrow.
LULU must have reported EARNINGS after the close. It opened down 5% and then by noon, went up high 2%.
How can you trade something like that?
- KBH tomorrow has earnings I´m watching. -
How can you trade something like that?
- KBH tomorrow has earnings I´m watching. -