My Options Play

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My trades today:

Sold 2 naked Call 35 TXN Dec @0.25
Sold 3 same Call @0.3
I wish I could wait and sell 20 cents higher. I am happy anyway.
 
My trades today:

Sold 2 naked Call 35 TXN Dec @0.25
Sold 3 same Call @0.3
I wish I could wait and sell 20 cents higher. I am happy anyway.
 
Oops! Interesting!!! I'm back but will only post when I make new trades. I did make one today but not many contracts - AX Dec 55 Call bought at 4.50.

Will start posting my trades.

How are you uninvited_guest? Are you still in AAPL? Congratulations if you held on to your position when the stock retraced!

I'm not gonna lose! I'm not gonna lose!! I'm gonna make money!! Yeah! Yeah!!

Problem solved for short term trading!!!


Thanks!
 
Buying NASDAQ 100 INDEX TRACKING January-06 $42 Put QQQMP Option @ .85

STOP @ 0.60

Buying S&P DEP RCPTS/SPDRS TRUST January-06 $127 Put SPYMW Option @ 2.05

STOP @ 1.70
 
Quote from Multioption:

How are you uninvited_guest? Are you still in AAPL? Congratulations if you held on to your position when the stock retraced!
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I had Nov60 AAPL calls @ $0.80, sold @ $1.60 :) expired at about $5.00 :(

My present position is AMD Dec25 Puts @ $0.40 :eek: I will hold to expiration (no sense selling now).
 
Quote from Multioption:

I did make one today but not many contracts - AX Dec 55 Call bought at 4.50.
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Nice find! I hope you pour more coals on THAT fire and that you got in near day's open. AH shows stock's up $0.55. I'd be following you if I wasn't all bought up already.
 
Quote from cnms2:

See the two graphs:
  • -10 ctr. straddle-strangle
  • -10 ctr. strangle
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=912841>
  • Quote from hajimow:

    Which trade you would take? Look at the following two cases and their possible profits or losses and let me know which one you would pick as your trade. I will put the average of bid and ask as the premium and will ignore commission.

    Case 1: Sell Call and PUT TXN 32.5 for Jan.
    You will get $1.50 for Call and $1.35 for PUT. Total of $2.85. Margin needed will be 20% x 32.5 x 100=$650 per contract.
    We assume that TXN is at 32.5 now.

    Case 2: Sell Call 35 and Put 27.5 both for Jan.
    You will get $0.575 for Call and $0.175 for Put . Total of $0.75
    Margin needed will be (20% x 32.5- 2.5) x 100=$400 per contract.

    Some more info. Six month chart of TXN shows low of about 27.2 and max of 34.

    Max gain in case one is 285/650 x 100=44% which is almost impossible. If it closes at 34,your profit would be 135/650 x 100=20% and if it closes at 27.2, your loss will be -245/650 x100= -38%

    Max gain in case two is 75/400 x100=19% which is quite possible. If it closes at 34, you will still get 19% profit and if it closes at 27.2, your gain would be 45/400= 11%. You will only lose if it goes over 35.75 or below 26.75.

    Untrained eyes will hate Case 2 as you are dealing with nickle and dime but $2.85 looks attractive in Case 1. I would definitely go with Case 2. (nickel and dime case)
    If one of the days before option expiry date shit happens and stock goes up or down like $10, in both cases you are smoked. In that case, putting money under pillow would be the best choice.
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Are you using Hoadley's for this?

Thanks,

- The New Guy
 
No. I wrote a few Visual Basic routines in Excel, but I heard that Hoadley's very good and inexpensive.
Quote from thenewguy:
Are you using Hoadley's for this?

Thanks,

- The New Guy
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Quote from cnms2:

No. I wrote a few Visual Basic routines in Excel, but I heard that Hoadley's very good and inexpensive.
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good work, it looks great!

I just bought Hoadley's last night for $57USD.... it is PACKED with features... Now if I only knew what they all meant??

Thanks,

- The New Guy
 
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