Vertical Spreads for Aggressive Growth
- Thread starter Cache Landing
- Start date
Quote from rallymode:
I am out at $.50 on this late day bounce. Cache, where do i send your commission?
What price are you holding for? i see resistance ahead at 140.
Nice trade guys I was wondering if Cache was getting out. I'm thinking of closing my put spread as well and opening another one
Quote from RichardRimes:
Nice trade guys I was wondering if Cache was getting out. I'm thinking of closing my put spread as well and opening another one
I first looked at OIH on Friday so cut me some slack, where is Rallymode getting resistance at 140? What put spreads are you looking at Richard? Right now it looks like OIH jumped up to the middle of a range and has a little more room to run.
actually I started with a calendar spread on OIH and when it droped I was losing on it so I thew in a put credit spread to make up some $$$ check out the calendar thread. I'm still under water on the call cal.
Wow, I go away for a couple days and you guys all start chatting.
Seems like there was some curiosity about whether or not I have offset the OIH position. As of yet I haven't. I've been travelling for the past couple days with only a PDA to keep track of trades. I had an alert set to notify me if OIH hit 140 as I was be busy with other things. It didn't quite get there today so I didn't take the opportunity to offset the 125/130.
I'm currently even on the 135/140 bull puts also. Like Rally, I think there will be a bit of resistance at 140, but I think ultimately we will reach 143-ish. I'm planning on holding until then to offset the 135/140 if it comes quick. Any decent follow through buying and I will close the 125/130.
In any case, good trade to all those who took advantage of this one. Rally, I'll give you this one for my promo rate of $FREE.99
Seems like there was some curiosity about whether or not I have offset the OIH position. As of yet I haven't. I've been travelling for the past couple days with only a PDA to keep track of trades. I had an alert set to notify me if OIH hit 140 as I was be busy with other things. It didn't quite get there today so I didn't take the opportunity to offset the 125/130.
I'm currently even on the 135/140 bull puts also. Like Rally, I think there will be a bit of resistance at 140, but I think ultimately we will reach 143-ish. I'm planning on holding until then to offset the 135/140 if it comes quick. Any decent follow through buying and I will close the 125/130.
In any case, good trade to all those who took advantage of this one.
Rally, I'll give you this one for my promo rate of $FREE.99Looks as though this might make a good long put trade. I think I would go with the SEP puts. Jury's still out for me on this one. I haven't really followed it much, so it will need some a bit more analysis.
Today's Action
BTC 2 OIH AUG 125/130 p @ 0.80
Year to Date P/L
Account Value: $14,650.50
YTD Gross P/L: 5,225.00
YTD Commiss: 574.50
YTD Net P/L: 4,650.50
YTD % P/L: 46.5%
BTC 2 OIH AUG 125/130 p @ 0.80
Year to Date P/L
Account Value: $14,650.50
YTD Gross P/L: 5,225.00
YTD Commiss: 574.50
YTD Net P/L: 4,650.50
YTD % P/L: 46.5%
Today's Action Cont.
BTC 2 OIH AUG 135/140 p @ 1.50
Year to Date P/L
Account Value: $14,764.50
YTD Gross P/L: 5,345.00
YTD Commiss: 580.50
YTD Net P/L: 4,764.50
YTD % P/L: 47.6%
Decided to go ahead and take profits on this one when it hit 143. I'll likely be looking to get back in if there is a bit of a drop from here. I'm all for capturing quick profits when the market gets choppy like this.
BTC 2 OIH AUG 135/140 p @ 1.50
Year to Date P/L
Account Value: $14,764.50
YTD Gross P/L: 5,345.00
YTD Commiss: 580.50
YTD Net P/L: 4,764.50
YTD % P/L: 47.6%
Decided to go ahead and take profits on this one when it hit 143. I'll likely be looking to get back in if there is a bit of a drop from here. I'm all for capturing quick profits when the market gets choppy like this.
I'd thought about opening some SPX bear calls today, but decided against it until we get closer to 1280. Problem is that I'm running out of time for AUG. I might get a bit anxious and open a small position in the near future though. It will likely be a bit more CTM than many are comfortable with.