Vertical Spreads for Aggressive Growth

Looking to open another SPX position. Just want to see if we can really fall through 1295 and stay down. I'm not leveraged enough for APR, so I'll look to open a few more positions. I'm not going to chase anything big this close to expiry though.

I've got my eye on AAPL again. Maybe for next month or a long put/call position. Downward pressure from the 20SMA. Upward pressure from the 200SMA. Which will it break through first? Looks like they will meet at $59. I think that tech is overbought right now, but AAPL is a strong company and that was a pretty quick consolidation.

Looking at MRVL also. Sitting right on support right now at $54.
 
Quote from cnms2:

For simplicity, in this study I'm using the same number of 100's of shares and options contracts, and:
-using shares the absolute risk is higher
-using options the profit is smaller.
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thanks...that is interesting to note
 
Quote from Cache Landing:

Looking to open another SPX position. Just want to see if we can really fall through 1295 and stay down. I'm not leveraged enough for APR, so I'll look to open a few more positions. I'm not going to chase anything big this close to expiry though.

I've got my eye on AAPL again. Maybe for next month or a long put/call position. Downward pressure from the 20SMA. Upward pressure from the 200SMA. Which will it break through first? Looks like they will meet at $59. I think that tech is overbought right now, but AAPL is a strong company and that was a pretty quick consolidation.

Looking at MRVL also. Sitting right on support right now at $54.
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interesting...I've been playing the heck out of the spx this month..I added another 30 call spread 1340/1350 and suprisingly did actually get filled at .50cents...I've got so many puts/calls this month I can't keep up:D
 
Quote from Cache Landing:



I've got my eye on AAPL again. Maybe for next month or a long put/call position. Downward pressure from the 20SMA. Upward pressure from the 200SMA. Which will it break through first? Looks like they will meet at $59.
More...

Cache,

stop stealing my trades...lol j/k seriously, it seems we trade with common setups.

I also think that AAPL will be stuck between those 2 averages for a lil while. My guess is that it consolidates between the 50 and 200 MAs for a couple of weeks.

Currently, I have a few APR 60/62.5/65 FLYs which im holding until last week of expiration.
 
Quote from DonnaV:

interesting...I've been playing the heck out of the spx this month..I added another 30 call spread 1340/1350 and suprisingly did actually get filled at .50cents...I've got so many puts/calls this month I can't keep up:D
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I've got the APR 1340/1350 also. I'm looking to about double the margin that I've got tied up in SPX before the end of the month. I don't plan on getting too aggressive with it. Just want to try to put the money to good use before expiry. This little dip down (if it is just a dip) should give me an opportunity to grab more puts, but I'd get a better credit on the call side.
 
Quote from rallymode:

Cache,

stop stealing my trades...lol j/k seriously, it seems we trade with common setups.

I also think that AAPL will be stuck between those 2 averages for a lil while. My guess is that it consolidates between the 50 and 200 MAs for a couple of weeks.

Currently, I have a few APR 60/62.5/65 FLYs which im holding until last week of expiration.
More...

Alright... alright.... You did tip me off to MRVL. But you can't take credit for AAPL. I've been losing money on that ticker all by myself.:D

I think you'll make out pretty good on that fly. I wish I could say the same for the bull put I had to bail out on.
 
This whipsaw action of SPX is kind of bitter sweet. On the one hand, my current position is loving it. On the other hand, I want to increase the size of the position and I'm not getting a good chance. I'd considered adding some bear calls today, but I was having all sorts of server problems and didn't want to jump without any idea on what was going on today. Looking back at the charts now, it might have been a good opportunity.:( Oh well, there is always another train coming down the tracks.
 
Took the opportunity as we approached 1310 to open a few more SPX bear calls. I couldn't get filled with a spread limit so I legged into this one and got the 1340/1350 @ 0.95

If the resistance holds again and we dip down, I will again be looking to finish off the IC with a bull put.
 
Quote from rallymode:

cache,

did you ever take a position in MRVL? It seems a bull put spread could've made us some money at the $54 support.
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For a number of reasons I actually opted not to take a position just yet. Now that it is above the 20SMA I am again considering it, using that same support as the basis for my trade.
 
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