Just make sure that you have a defined strategy, with a discernible edge. Don't go picking trades on a whim. There are plenty of traders who make money solely trading indices, others with single names, and some that trade both. The key is to have a system that generates trades with positive expected value, regardless of the product.
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My option trades
- Thread starter ryanpatrick
- Start date
Just make sure that you have a defined strategy, with a discernible edge. Don't go picking trades on a whim. There are plenty of traders who make money solely trading indices, others with single names, and some that trade both. The key is to have a system that generates trades with positive expected value, regardless of the product.
Quote from Doobs789:
Just make sure that you have a defined strategy, with a discernible edge. Don't go picking trades on a whim. There are plenty of traders who make money solely trading indices, others with single names, and some that trade both. The key is to have a system that generates trades with positive expected value, regardless of the product.
thanks for the info
Anyone going bearish the market? I'm looking for a pullback with JUN SPX OTM put flys, funded by covered call position on bluechip stocks. Also being reckless and sold SPY JUN 150C naked.
Ryan, sorry to hear about your mom.
I am long over 100 each the 550/590/630 and 570/590/610 flies in AAPL for May18. $16.20 and $4.40 at risk, respectively. The rationale is a 200-300bp drop in realized vol on the hold. Stock gave back the gains, so I expect we trade to 77 tomorrow, but will touch 90 by Friday.
Looking for 2.00 on the narrow fly and 3.50 on the wide.
I am long over 100 each the 550/590/630 and 570/590/610 flies in AAPL for May18. $16.20 and $4.40 at risk, respectively. The rationale is a 200-300bp drop in realized vol on the hold. Stock gave back the gains, so I expect we trade to 77 tomorrow, but will touch 90 by Friday.
Looking for 2.00 on the narrow fly and 3.50 on the wide.
Quote from ryanpatrick:
The market showed topping signs in late March, I started following and trading AAPL short term positions dropped my account from $10000 to $8100. Took out about $6800 from account for family emergency (mom has cancer). Haven't traded since early April, and just logged back on today.
I have $1,224.81 remaining after visiting my family out west. Guess, today's a fine day to return if not yesterday.
I'm still jet lagged (in terms of earning trading)....so I'm still catching up. I can see that healthcare has been down, some cloud stocks are solid, restaurants are mixed as usual, the AAPL economy was strong CRUS busted out. I just got the list for this week.....I'm looking at V and WFM for calls and EL for puts.
Not in any positions yet.....and WOW, the thread is overblown, feels like so many different threads put into one.
By the way, seems like I missed out on 100 pages.
Thanks for the update. Without you at the helm this boat has been drifting aimlessly.
Quote from probe1957:
Yeah, I am working a couple of bear put spreads on SPY and QQQ. Not exactly going my way right now tho.
I waited until today because the first day of the month could be strong. I had SPXPM JUN front spread 1360P/1300P for a while and doing well, but decided to complete the fly with JUN 1240P today, which I funded by selling equity OTM MAY puts and a bit of naked SPY calls. I'm bearish but not overly bearish.
Test
Still trying to respond to this thread. Lets me read it, but not reply.
Sympathies and good wishes to Ryan and his Mom.
Still trying to respond to this thread. Lets me read it, but not reply.
Sympathies and good wishes to Ryan and his Mom.