My Options Play

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Quote from hankster:

Hi,
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.

The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
:)
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Well done. :cool:
 
Quote from hajimow:

Hi,
Here is an INTC trade I am doing.
I bought the Jan 27.5 calls for .50 about a week ago hoping to leg into a spread.
When INTC moved up I sold half of my Dec 27.5 calls for .55 spread against my remainder Jan 27.5 calls.

The other half I sold for .90 today.
Now, I have zero cost, a nice profit and probably will be able to sell short calls again if I want.
Sorry, I can' t figure the return because my cost is way less than zero.
Damn it feels good to be a trader.
:)
Congratulations for that excellent trade.
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Thanks and congrats on yours also.
I like zero risk and zero cost spreads.
I have some others also.
PENN, GOOG, VLO, UPL, UTX
Yes, I have lots of trades that I lost money on too.
What I like about spreads is the risk/reward ratio.
I do naked puts also but only one or two at a time and only if I have 100% cash to cover them.
I much much prefer spreads.
:)
 
What do you mean by "zero risk and zero cost spreads"? It seems impossible ...
:confused:
Quote from hankster:
Thanks and congrats on yours also.
I like zero risk and zero cost spreads.
I have some others also.
PENN, GOOG, VLO, UPL, UTX
Yes, I have lots of trades that I lost money on too.
What I like about spreads is the risk/reward ratio.
I do naked puts also but only one or two at a time and only if I have 100% cash to cover them.
I much much prefer spreads.
:)
More...
 
I have done the following predictions by looking at the charts. My Predictions are for about 3 weeks time frame. Remember when I use the words like "definitely", It does not really mean "definitely". I just feel like that and don't trade solely on my predticons. I am posting it so that in the future I can come back and see was I right or wrong.

1-QQQQ seems should go down to 40. Top should be 42.50

2-ADI if it goes above 38.75, it will go up otherwise it should go down. Suppoprt is 36.

3-TXN: If it hits 34 it will go up but if it hits 31, it will go down. It seems that it is in uptrend but most probably it will be a market performer and MCAD shows it will go down.

4-XLNX: It seems that it will fill the 27 gap. Support 26. Second support 25.25.Resistance 26.75, 27,28. It seems that uptrend is cooling off.

5-INTC: It seems that it is in uptrend. I think it will hover around 27.5 in Dec option expiry day.

6-DELL: I see DELL at 32.5 by December option expiry date. If it goes to 30 by Dec Option expiry date, I will buy it as it will definitely hit 32.5 by Jan option expiry date.
 
Quote from hajimow:

My today's action:
Sold 6 naked PUT for TXN 30 Dec @ 0.2
Sold 5 naked PUT for ADI 35 Dec @ 0.15
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you sure you want to be short gap and gamma going into the holiday season?
 
well---

I did some VLO dec 100c ( vlo lt) as I said I would-- exercised real patience and caught the LOD (1.70) on some-- (21 total) -- but still the darn stock didn't gain any traction into the close. At least the open gaps have now filled.

I did get filled on AAPL Jan06 70 Puts on my GTC order @ 4.20 - this looks to be a decent fill - then I sold some Jan 65p when AAPL pulled back near lows - still long the Jan 62.50p also -

AAPL has got to crack- IMHO - so I recommend keeping it on the radar screen for a short entry - if you missed the recent move higher--- (like I did) at least we can salvage something by trying to catch the top -- :eek: :eek: :eek: and riding it back to the

40s

(sort of facetious about the "top")

Ice
:cool:
 
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