why I just loaded June calls on the silver train

My analysis of the trade is that the OP didn't have confidence in his setup. Two big red flags:
  • Choosing June options instead of May options for a short term trade.
  • Bailing out within 15 minutes of position being green for the 1st time.
Nothing to learn from this trade. :confused:
 
Quote from athlonmank8:

It's hard to understand, because he doesn't know what he's doing.

He bought June because he was flat out gambling and looking for TIME to protect his ass. Yeah a vertical spread would have made MUCH more sense imo.

He's lucky it bottomed Friday or he would have been toast
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Shut the fuck up loser. vertical spread doesnt make it better or worse, you sac reward for bit less risk, and if the expectation is a gap/rubberband you dont want to cap the reward.

Nothing wrong with this trade after 4 consecutive major gap downs followed by 1 sideway.

I did the diagonal spread instead, lost $1100 profit today for a $2200 max less risk. But now i am capped and will need to exit if it keeps going up as delta between the 2 legs are getting very close.

-SLV
110513
C36 CALL (SLV) ISHARES SILVER TR MAY 13 11 $36 (100 SHS) (Margin) -20 $1.71 -$3,420.00 $2,244.66 -$1,175.34

-SLV
110618
C32 CALL (SLV) ISHARES SILVER TR JUN 18 11 $32 (100 SHS) (Margin) 20 $5.90 $11,800.00 $9,083.24 +$2,716.76
 
Quote from newguy05:
Nothing wrong with this trade after 4 consecutive major gap downs followed by 1 sideway.
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Can you explain the June calls, instead of the May calls for such a short term position? The OP can't even explain it.
 
I played the June calls to assume a little less risk but still be exposed to the set up I thought would happen. I exited the position on 2 trades as well as entered the position on 2 trades. Total profit was about 32%. One reason I exited the trade because the bounce happened just like I had planned. I had to play whatever that looked like. It just so happened the bounce upon the exit was 6% at the open. I would have liked it to be 10% but that was not the case.

The point being is
I traded my plan for entry
I exited the trade just like I had planned
I was rewarded for the effort

I would do it again, with a stock or a commodity. It is a highly profitable setup.
 
Quote from mksummny:

the key is Monday. It will be the 4th day of margin liquidation and in my experience the effect last only 3 days with the 4th being the bounce. I would rather be early than late on this train. Its a rubberband effect I am looking for.
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It worked just like I had planned. This is the reason I stopped posting on the boards here. It was a constructive trade with no ill harmed intended and I still get all the nastiness from others. This is the same reason I stopped posting on the PnL boards. There are always those that feel they must tear others down to make themselves feel good. I am so sorry your miserable.
 
Quote from mksummny:

It worked just like I had planned. This is the reason I stopped posting on the boards here. It was a constructive trade with no ill harmed intended and I still get all the nastiness from others. This is the same reason I stopped posting on the PnL boards. There are always those that feel they must tear others down to make themselves feel good. I am so sorry your miserable.
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It's just athlonmank8 really, he's been trolling et for years with his bullshit. Looks like just found the option forum.
 
Quote from newguy05:

It's just athlonmank8 really, he's been trolling et for years with his bullshit. Looks like just found the option forum.
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who the fuck are you? Vertical doesn't make it better? Bullshit. This POS isn't going to gap 30 pct overnight so you might as well lower your basis and sell some premium. He bought the fuckin calls 2 days before a weekend dumbass. Get the fuck out of here, you're a retard. Btw, why are you crying? Did I hurt your feelings in another thread?
 
Quote from mksummny:

It worked just like I had planned. This is the reason I stopped posting on the boards here. It was a constructive trade with no ill harmed intended and I still get all the nastiness from others. This is the same reason I stopped posting on the PnL boards. There are always those that feel they must tear others down to make themselves feel good. I am so sorry your miserable.
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I'm not miserable at all. You come here thinking your hot shit. You need a reality check. Why did this bounce on the 4th day? Explain it.
 
Quote from newguy05:

Shut the fuck up loser. vertical spread doesnt make it better or worse, you sac reward for bit less risk, and if the expectation is a gap/rubberband you dont want to cap the reward.

Nothing wrong with this trade after 4 consecutive major gap downs followed by 1 sideway.

I did the diagonal spread instead, lost $1100 profit today for a $2200 max less risk. But now i am capped and will need to exit if it keeps going up as delta between the 2 legs are getting very close.

-SLV
110513
C36 CALL (SLV) ISHARES SILVER TR MAY 13 11 $36 (100 SHS) (Margin) -20 $1.71 -$3,420.00 $2,244.66 -$1,175.34

-SLV
110618
C32 CALL (SLV) ISHARES SILVER TR JUN 18 11 $32 (100 SHS) (Margin) 20 $5.90 $11,800.00 $9,083.24 +$2,716.76
More...
look at his post date you ignorant fuck. It's thursday. There is something wrong with it but you're too busy posting about a meaningless diagonal spread. Why are you short the front month? Are you a gambler too? You do realize margins went through the roof and being long volatility isn't the cool thing to do anymore right?
 
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