Who's making money today?

badvestor · Nov 19, 2012

Quote from badvestor:

Watching Aapl today for those 525 calls

We had a nice continuation bounce after hours trading. I think aapl could see 550 today or tomorrow. I have set a gtc limit sell order to offload the Dec 525 calls at 32 and 35 into the morning volatility and expect a gap up. . Good for a 100% return.

You guys please post your profitable calls.

badvestor · Nov 19, 2012

Quote from badvestor:

We had a nice continuation bounce after hours trading. I think aapl could see 550 today or tomorrow. I have set a gtc limit sell order to offload the Dec 525 calls at 32 and 35 into the morning volatility and expect a gap up. . Good for a 100% return.

You guys please post your profitable calls.

Out for a nice double . Beats dicking around all day trying to eke out 2 es points. Will be looking to buy puts on Wednesday for at least 50% return.

badvestor · Nov 21, 2012

Quote from badvestor:

Out for a nice double . Beats dicking around all day trying to eke out 2 es points. Will be looking to buy puts on Wednesday for at least 50% return.

Bot dec 560 puts at 18.00. Looking to offload these at 25 and 30 for 50% roi tomorrow morning volatility. Will add more if necessary.

badvestor · Nov 23, 2012

Quote from badvestor:

Update:

Bought RIMM Oct and Nov 7.5 calls. Looking for 300%

I will buy AAPL puts in any weakness at 675 area

Rimm going to 50 by end of 2013. Will ladder into Leap calls on pull backs. Even with the run up its still good for 10 bagger using leaps.

badvestor · Nov 23, 2012

Quote from badvestor:

Bot dec 560 puts at 18.00. Looking to offload these at 25 and 30 for 50% roi tomorrow morning volatility. Will add more if necessary.

Added more at 9.15

Tyler Durden · Nov 24, 2012

Quote from badvestor:

Added more at 9.15

Seems like you know your options investing Badvestor! I want to transition from small/micro cap stock trading to options. I actually got into the markets for options trading but quit for lack of time/money, but i didnt try that hard or long to understand options. Are there any books or resources that have helped you? How have you learned the dynamics of options trading? PM if you like to keep this thread on topic. Thanks

badvestor · Nov 24, 2012

Quote from Tyler Durden:

Seems like you know your options investing Badvestor! I want to transition from small/micro cap stock trading to options. I actually got into the markets for options trading but quit for lack of time/money, but i didnt try that hard or long to understand options. Are there any books or resources that have helped you? How have you learned the dynamics of options trading? PM if you like to keep this thread on topic. Thanks

I'm making leveraged directional trades of underlying stock using options. No fancy gimmick trades. If you haven't noticed, this aapl trade is underwater. Looks like the late day rally may have some follow through higher next week.

My rules are simple. I don't care to follow 100's of stocks, I follow a few. My opinion is almost all stocks are shit, and I don't want to get smelly holding the poo too long. I look for high beta stocks that have liquid options with small spreads. Buy itm for 2 day swings or slightly otm for a week holds. Stocks like Rimm that show multi month potential I'll use leaps, why? I don't know when the dog is going to make its move and I don't want to pay comission and the spread every near term expiry. Generally if a options position loses 50% I'll bail and re-enter later, or if I see weakness at that 50% draw down area I'll average down and try bailing out with a small profit or even. Generally in an uptrend I'll never buy to hold overnight options expiring a week away. Why? Even if your directional call is correct the decay is criminally atrocious and in an uptrend the ranges are too small to overcome the atrocious decay. In 90% of the cases you could be correct in your directional analysis and still lose money. In an uptrend you're far better off selling the week out expiry options. I try to stay away from options during earnings periods.

I'm not an options expert, I'm using my experience in the markets to analyze stock behaviour to trade the stock using options. There are many on ET who are superior in knowledge on options intricacies. I haven't made any effort to learn more about the vagaries of the various greeks or exotic strategies as I focus primarily on directional analysis. For good book try amazon reviews or the book review on ET.

This thread is not about options trading. Its about are you making money today? If yes, you're welcome to share your trade.

badvestor · Nov 28, 2012

Quote from badvestor:

I'm making leveraged directional trades of underlying stock using options. No fancy gimmick trades. If you haven't noticed, this aapl trade is underwater. Looks like the late day rally may have some follow through higher next week. .

Averaged the position into a small profit. Taking this opportunity to get out of entire appl put position before midday bounce eats up the small gain. Sitting on the Orcl puts as I expect the normal orcl see saw back lower. Expecting a sideways week with a slow drift lower to exit end of week for a double on the orcl puts.

badvestor · Nov 29, 2012

Bot appl dec 7 560 puts avearaged @ 1.70. Looking for 3.00 on gap fill.

Btw, who are these people who buy stocks above yesterdays high in afterhours market? I thank you.

badvestor · Dec 3, 2012

Amzn looks over extended. Moon shot move of 11 positive daily closes in a row calls for some profit taking. I think amzn sees 250 by weeks end. Looking at the itm Jan 255 puts for a quick 30%