Options Trades For Capital Growth

Thought I would share my trade with you. Email confirmation:

2016-03-03 15:45:03 ET BOUGHT 1 CALL GOOGL 2016MAR04 740.00:US at $0.80 USD

Risk is the $80.00 debt I paid, expires tomorrow.

:)
 
OptionGuru said:
Thought I would share my trade with you. Email confirmation:

2016-03-03 15:45:03 ET BOUGHT 1 CALL GOOGL 2016MAR04 740.00:US at $0.80 USD

Risk is the $80.00 debt I paid, expires tomorrow.

:)
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Out at $0.10

2016-03-04 11:33:37 ET SOLD 1 CALL GOOGL 2016MAR04 740.00:US at $0.10 USD


:)
 
I wonder how traders who make a living day-trading options are doing!

I read a book on Options years ago, titled ''Trade Like a Bookie'' written by Dave Caplan. The author expounded on writing options when market is range bound.

I think the market is range bound for one or two weeks. That's good news for Options writers.

Watching certain stocks like a hawk. Though I cannot trade more than one stock at a time.

I'm around, but watching the markets.
 
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OptionGuru said:
Thought I would share my trade with you. Email confirmation:

2016-03-03 15:45:03 ET BOUGHT 1 CALL GOOGL 2016MAR04 740.00:US at $0.80 USD

Risk is the $80.00 debt I paid, expires tomorrow.

:)
More...
Lol!

Did you buy a mini-option?
 
Quest2016 said:
Lol!

Did you buy a mini-option?
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No, they were the regular options ...... It was about 2-strikes ( $10.00) OTM with 1 day to expiration - hence the $0.80 price I paid. I sold at $0.10 on expiry day.

GOOGL opened at about $735.00 on Friday and had a range of $10.00 throughout the day - but not in my direction. GOOGL ended up at $730.00.



:)
 
Buy To Open 10 CCL Jul 15 2016 50.00 Call Limit $2.60


ccl_july50_call.png
 
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OptionGuru and Quest2016,

I am just curious, both of you are going long on Calls and trading very short term. Why? Some here claimed short Options is the only way to profit as going short you are "the house" or you are "the insurance company" and time is on your side.

Seem to me short term prices of the underlying tend to be random and I for one found it very hard to profit from short term trading.

Regards,
 
ironchef said:
OptionGuru and Quest2016,

I am just curious, both of you are going long on Calls and trading very short term. Why? Some here claimed short Options is the only way to profit as going short you are "the house" or you are "the insurance company" and time is on your side.

Seem to me short term prices of the underlying tend to be random and I for one found it very hard to profit from short term trading.

Regards,
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Long vs Short discussions are useless.


ironchef said:
Your limit order is higher than both the bid and ask?
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My guess is that the ask was at $2.60 when the order was entered and filled. By the time the order confirmation screen popped up the ask dropped to $2.50 - or maybe a browser cache issue?




:)
 
OptionGuru said:
Long vs Short discussions are useless.
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For long time duration perhaps yes, but to me intuitively, for very short term trade (a few days till expiration), time decay is a major factor in option price and it favors selling?
 
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