My option trades

Too bad!

I really enjoyed Ryan posting options trades. Now I feel like I am attending a seminar or class at an MBA school, or CME where I took classes including with Natenberg. Lot of great and smart guys on here, but speaking for myself, I am looking for trading ideas and thought we would all contribute same, with Ryan in the lead with a small account trying to reach a year-end goal of $18,000.

Suddenly after a few weeks I come back and don't see Ryan or any others posting trades. Just trying to impress with their vast knowledge of options, which I respect but unless the poster is outlining a trade in real-time it is of lesser value, to me.

So, I thank everyone who contributes their experience on options but I thought the title of this thread was "My Option Trades."
So let's post trades.


(however.... if Falconview invites me/us down to the Caribbean I will gladly read, re-read and memorize all his posts. lol)
 
Quote from iceman1:

Too bad!

I really enjoyed Ryan posting options trades. Now I feel like I am attending a seminar or class at an MBA school, or CME where I took classes including with Natenberg. Lot of great and smart guys on here, but speaking for myself, I am looking for trading ideas and thought we would all contribute same, with Ryan in the lead with a small account trying to reach a year-end goal of $18,000.

Suddenly after a few weeks I come back and don't see Ryan or any others posting trades. Just trying to impress with their vast knowledge of options, which I respect but unless the poster is outlining a trade in real-time it is of lesser value, to me.

So, I thank everyone who contributes their experience on options but I thought the title of this thread was "My Option Trades."
So let's post trades.


(however.... if Falconview invites me/us down to the Caribbean I will gladly read, re-read and memorize all his posts. lol)
More...

Here's one for ya- an earnings trade:

EDIT: RIMM weekly 13/14/15 fly.

IV drop and theta decay work extremely well for you. RIMM's shitty performance is probably already priced in so not expecting much movement. The new CEO is like a bag of dicks. Even if RIMM moves, you'll most likely break even at open tomorrow. So statistics says get into it.
 
Iceman, or anybody else into trading.

I´ve got a small dorm, left over from my Hostel runnng days, with a community kitchen. You buy your own food, rent your own car, you are welcome. The dorm has 4 bunk beds and bathroom. My grown grandkids stay there whenever they come. If you are going to go into the Mayan ruin exploration route, underground sacrificial caverns, or offshore diving, snorkeling, sailboat stuff then you probably will need another $500 spending money, for tour entry fees.
 
Quote from iceman1:

Too bad!

So, I thank everyone who contributes their experience on options but I thought the title of this thread was "My Option Trades."
So let's post trades.
More...

Agreed, a new thread can be spawned for falconview and other's Q&A, and lets get back to the original intent of this thread. Seems we may have lost ryan at this point.
 
My two paper trade calendars this week, seem to be working out as planned.

One the front month is looking to expire at zero and so $128 less $15 costs would be gained.

The second calendar I´m not so sure about. The front month still has considerable money in the front month that was sold. If there is money in it. by 10 a.m. tomorrow Friday, will go to the expense of closing that front month. I´m not at all sure how you handle that sold option contract on expiration Friday? I get extrinsic and intrinisc mixed up. Anyway, right now it has too much value. Presuming it reaches expiration and still has value, can you let it expire and do they just subract that money from your account? I´d like to save the closing costs of bid ask spread and commissions.

On the other hand, each calendar will have remaining, an April Call and a June Call. Which I will hold. The calendars were used to sell THETA, or time decay on the front month only. I didn´t really want the April, but that was the default TOS order setting. So I went with it. The second calendar, being in the paper trading TOS account, took the time to fiddle with the order entry a couple of times, until I got what I wanted, which was the long 3 rd month June option contract. Giving me time to decide what to do with it. Without worrying too much about Time Decay.

I´m grateful to ATTICUS for putting me on to this type of trade to sell THETA. They have worked out well. Think each calendar front month will clear a $1 or more per contract. Just sorry it was not real money cash trades. NEXT WEEK though, will do a real cash calendar. Think I have my trading system setup now? Will stick to equities and skip stocks and earnings reports. Too many surprises. Like the smoothness of the indexes, more predictable.

I´ve got 8 weeks to make my $10,000 goal. Though I´m expecting a market correction sometime in April.
 
I am deeply buried into a new mechanical trade:
Buy No. 1: SPY 140 calls at 2.15 (filled yesterday)
Buy No. 2: SPY 140 calls at 1.60 (filled today)
Sell Limit: 2.30
Stop: 1.29

I got a feeling that this one is probably going to lose.
 
Quote from iceman1:

So, I thank everyone who contributes their experience on options but I thought the title of this thread was "My Option Trades."
So let's post trades.
More...

I post a lot of trades on ET. Not to the frequency of the crackheads on the ES Journal, but often. I intentionally avoid posting the more complex or best R/R setups unless it makes sense to flatten the trade by going public. Not to say that anyone piles in, but it can't hurt.

Long May, short Apr vol in AAPL as they will announce an earnings date in the May cycle. Apr is 500bp under May to add credence to a May report.

The 610 Apr/May long calendar is excellent here at $12.90. Spread will hit $18.00 in the next 3 weeks.
 
Okay I´ll bite?

With one contract as a test, I´m long THETA and short Gamma. What does that mean for me to do?

Far as I can tell, my trade is making money?

The 67 QQQ calendar has widened as a spread from 51 cents to 71 cents.

The 68 QQQ calendar has widened as a spread from .50 cents to .99 cents.

Both calendars can be closed at a profit I presume?
Though I was merely going to let the sold short month expire, or close as the case may be, tomorrow morning. Then hold the long Calls for a rebound. This would I figured increase the profit from the two trades?
 
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