My option trades

Alright, I'm almost all out, and it may have paid off.....

Closed out WFMI may 85/90 spread at $3.50, that's up from $1.55 cost with net gain about $350.96

Closed the V position at a loss of -$287.98

Lol, what a start, net gain only came to $62.98.

That darn DOJ probe messed my beauty trades lol....It was looking beautiful yesterday just before the CEO (who probably had puts lol) announced the DOJ probe. I think he could have announced that next week.

For today, I have my eyes on LNKD, ROVI, and TRMB....Let me know if there are other good ones I might have missed.
 
Quote from optionatrix:

I got out of my V diagonal @ 3.35...a wash. Ryan, you should see profit with your trade.
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It came to a loss, I got greedy and set up a stop at $1.75 on the 120 calls, instead I got stopped at $1.47, freaking slowest computers they must have. lol.
 
Quote from ryanpatrick:

It came to a loss, I got greedy and set up a stop at $1.75 on the 120 calls, instead I got stopped at $1.47, freaking slowest computers they must have. lol.
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That's unfortunate - I looked at your trade after placing mine and it showed some profit. Anyway, nice job on WFMI.
 
Quote from optionatrix:

That's unfortunate - I looked at your trade after placing mine and it showed some profit. Anyway, nice job on WFMI.
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I got greedy and too hopeful though, I should have taken what the market gave....I took those short 125 calls at $0.20 right off the open, then saw the 120 calls at $2.20-$2.40 range and for about 1 minute my instinct said to take that small loss there....That's where I made my mistake and that's where I know now that I'm a little rusty. The market gave me the best backdoor exit, and I wanted to walk through the front door. I'm more tuned in now though, waiting for a nice entry on TRMB. The chart set up on TRMB looks nearly identical to WFM, which is one reason I'm looking more closely at this one than LNKD or ROVI.
 
I took some losses from my WTW trade (max loss on the Calendar was $500 something, but somehow I managed a $800 loss... dunno how... )... also Visa I closed with a $200 loss...

But GMCR came to the rescue with a $1300 profit.

So sort of broke even.

Took a loss on a number of my other trades... all in all, not a good morning for me. Total of $600 loss today...

FUCK!!!!!!!!
 
Quote from babutime:

I took some losses from my WTW trade (max loss on the Calendar was $500 something, but somehow I managed a $800 loss... dunno how... )... also Visa I closed with a $200 loss...

But GMCR came to the rescue with a $1300 profit.

So sort of broke even.

Took a loss on a number of my other trades... all in all, not a good morning for me. Total of $600 loss today...
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Wow, that's a lot of trading there....
 
Quote from ryanpatrick:

Wow, that's a lot of trading there....
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Yeah, you're right. I lost sight of the number of positions I had and only realized the difficulty of closing them in the morning later on...

Another rule added to my book..
 
Slightly off topic, and related to a product that I don't really know ..

"Leveraged CFDs with guaranteed stops".

Just wondering if these things can be viewed as long ITM options.

Edit: And if so .. there's a vol trade somewhere [?].
 
Quote from Rationalize:

Slightly off topic, and related to a product that I don't really know ..

"Leveraged CFDs with guaranteed stops".

Just wondering if these things can be viewed as long ITM options.

Edit: And if so .. there's a vol trade somewhere [?].
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cfd is contract for difference they trade like binary and/or cash settled european options, your quote sounds like marketing, these are heavily traded across the pond in Great Britain. You can't legally trade these in the US, not sure why.

http://en.wikipedia.org/wiki/Contract_for_difference
 
Quote from kinggyppo:

cfd is contract for difference they trade like binary and/or cash settled european options, your quote sounds like marketing, these are heavily traded across the pond in Great Britain. You can't legally trade these in the US, not sure why.

http://en.wikipedia.org/wiki/Contract_for_difference
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Not marketing. Far from it, & I disagree about the binary part. They're essentially swaps for retail.

Just thinking about apparent leverage without stop slippage specifically.

The CFD provider would seem to be kind of selling vol, by taking on the slippage / gap risk.

Edit .. so thinking about how to replicate & if there's an arb there.
 
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