My Options Play

hajimow · Nov 22, 2005

My option trades today were:

1-Sold 10 naked Call INTC 27.5 Dec @0.1
Comment: I have naked PUT for 27.5 and I also sold naked PUT 25 Dec yesterday. I was not that patient for this this trade. INTC was up unusually today and those Calls were traded at 0.2 later
2- Sold 2 naked Call ADI 40 Dec @ 0.35
Also were trading on the stock.
3- Sold 4 naked Call TXN 32.5 Dec at 0.9 and 2 @ 1.05
4- Sold 4 naked Call TXN 35 @ 0.25

Unfilled orders:
I wanted to sell 4 naked PUT DELL Dec 32.5 @ 2.60 that did not get filled.
I gave XLNX a rest today.
If TXN goes down, I will sell naked PUT 30 Dec if I can get 0.35.

Rob on Business · Nov 23, 2005

Quote from hajimow:

If TXN goes down, I will sell naked PUT 30 Dec if I can get 0.35.

Thanks, Hajimow. If TXN were to go down, would you not stand to make more if you BOUGHT a put, rather than sell one? I thought your selling the calls on TXN would be the money makers if it went down - no?

uninvited_guest · Nov 23, 2005

Quote from Rob on Business:

Thanks, Hajimow. If TXN were to go down, would you not stand to make more if you BOUGHT a put, rather than sell one? I thought your selling the calls on TXN would be the money makers if it went down - no?

Blind leading the blind.

vedanta · Nov 23, 2005

Dear hajimow

I am new to this thread.

What index and futures options do you consider. Thanks

Boy Plunger · Nov 23, 2005

Quote from Multioption:

Thanks @cnms2. Still on the move - travelling- but I pop in to read contributions! I'll continue posting my options play.

Where's the P/L now and how far are you from your goal? I forgot your goal details and don't have the time to search 175+ pages. Thanks.

Multioption · Nov 23, 2005

Quote from Cluseau:

Where's the P/L now and how far are you from your goal? I forgot your goal details and don't have the time to search 175+ pages. Thanks.

The original capital is down from $10,000 to $8,500. You can edit your options for ET so that you have 40 posts per page. I have 27 pages.

Boy Plunger · Nov 23, 2005

Quote from Multioption:

The original capital is down from $10,000 to $8,500. You can edit your options for ET so that you have 40 posts per page. I have 27 pages.

So, what are the plans going forward? I saw 175 pages for this thread but when i opened it a second and third time the count went down. Weird. Anyway, what lessons have you learned from this ongoing experiment? Thanks.

hajimow · Nov 23, 2005

Sold 14 naked PUT for XLNX 25 Dec @ 0.25.
Seems free money.
Bid 0.25 ask 0.3

Multioption · Nov 23, 2005

Quote from Cluseau:

So, what are the plans going forward? I saw 175 pages for this thread but when i opened it a second and third time the count went down. Weird. Anyway, what lessons have you learned from this ongoing experiment? Thanks.

I'll continue to post my trades on this thread. Lesson learnt so far is that I need to switch my entry signal from the daily to intraday chart. I usually ignore overbought/oversold sentiment before entry, but will have to stay paying atention to warnings on imminent price correction that often show up on the intraday!

With hardwork, I could still pull a surprise before December ending!

hajimow · Nov 23, 2005

Sold 10 naked Call XLNX 27.5 Dec @ 0.5