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Hello All,
I've added another $200 to our options account. I plan on doing this each month on the very last day of the month. It will take a little while for these funds to clear but we should be ready for trading with the funds we deposited to get the ball rolling.
This will bring our total deposits for the options account to $700.
Foe those following the the Forex action, we funded that account with $1000. I will be showing screen shots of both accounts so that folks can see how trading in both areas can be profitable as well as a whole Hell of a lot of fun!
Are you ready? I am!! It's great to be back after all those health issues held me back over the past 2 years.
Just an FYI for everyone. I've deposited $500 into that TradeKing account and plan on adding $200 the first of every month. We will start our regular trading of options starting 1/2/2013. Since most of my day to day trading will probably be with the forex market, our options trading will just supplement our overall speculative holdings.
I will probably also try to mix in some core holdings as we go along to show how we really build a strong portfolio. This is something I've always done but usually only post about the options trading. I'm thinking doing all of these items will show how we build and protect a quality portfolio.
With that said, don't be surprised to see all types of posts from all different types of areas. Get ready because we're gonna blow it up!
Should be a big year for us in 2013. I am excited for the future! Hope you and yours have a Happy New Year.
BB... ready for 2013. Made a few good trades (with a couple of bad ones... lol) but still ahead.
As soon as I get more time I will look into forex trading. Just started to figure out this options trades.
Have a great New Years and hope to see here soon.
Happy Holidays, Bobby and all!
Good luck with that Forex, man...the last thing I need is a 24 hour marketplace,lol.
Ya, I've been really concentrating on that forex gig. But I do think I will trade a few options from time to time. Hope you enjoy the Holiday Season. You ready for 2013 trading?
HiBB hope you had a great christmas.. miss you here.
Well it looks like we're going "all in" on forex for now. I'll be opening an account at Oanda and starting my live trading on 1/2/13.
It's been fun guys but it's time to move on to greener pastures...
Wishing you all a Merry Christmas and Abundantly Profitable New Year!
Looking at MOS
Buy 5 DEC22 MOS $52.50/PUTS @ $0.81
Sell 5 DEC22 MOS $50.00/PUTS @ $0.29
Well done. I know Jimmybob loves that SODA play. He's always preaching about it. let's see what happens this Christmas season for their sales.....
Couple of positive trades this week. Closed them out not sure about this fiscal cliff stuff.
Sell order for 5 SODA Jan 19 '13 $45 Call at a limit price of $0.8 was executed at $0.80. Got in @ .40
Sell order for 5 HPQ Jan 17 '15 $12 Call at a limit price of $3.35 was executed at $3.35. Got In @ 2.40.
Still holding YHOO. Think more room to run.
Buy to open order for 10 YHOO Jan 18 '14 $25 Call at a limit price of $0.25 was executed at $0.24. Up 160%.
Heck Yes! Rick is Da Man!
FCX can still make us a few coins tomorrow!
WYNN made us tons of money so far
Our long term AAPL is moving as well
GOOG making it's move:
My blood really gets pumping when Steve Liesman and Rick Santelli go at it. ROFL
I am using Oanda as the broker. They have a great demo platform that you can papertrade in real time. I started the demo with a mere $1000 using 50:1 leverage.
It's a hell of a lot of fun because you can trade 24 hours a day!
trying to understand it BB.... will jump in soon.
Anyone else following me over to the dark side? I'm sitting at 12% gains to my total portfolio in forex over the past 8 days.
I'm lov'n it!
Hey folks, if you have never tried forex, you gotta give it a go. I'm having a blast right now!
FCX Weeklies look interesting.
BUY 4 FCX NOV30 $39/CALLS @ $0.53
Let's try a few WYNN for the week
Buy 2 NOV30 WYNN $110/CALLS @ $1.25
This was the closing price on Friday so we may be able to get a better entry price.....
Looking over my stocks and currencies today. Taking a real hard look @ AAPL right here! The weekly chart is really shaping up and I could see a nice run in our future for the bulls.
But when you look at the daily chart it's hard to overlook the recent fall from grace. We have a possible Head-N-Shoulders developing right now. If this is the "real" pattern shaping up then it spells bad news longer term for AAPL. We are working on the right shoulder now and I'd see a target price right around $680 or so.
So which way would we eventually go? Well, I think all the "fiscal cliff" talk will give us our signal. If our elected officials can finally work for us and not themselves, an agreement will be found. This would lead to a massive stampede by the bulls. If we jut get more business as usual and we "go over the cliff," you can expect the bears to have their way. I would have no doubts of seeing the mighty AAPL back below $400!!
So how do we play it? Well, using options of course. Let's try for a Feb play and go with the $680/$685 Call Spread.
Buy FEB AAPL $680/CALLS @ $6.75
SELL FEB AAPL $685/CALLS @ $5.95
Total risk is $0.80
Our possible reward is $5.00
If we get those contracts on Monday, we must watch closely. If Congress can hammer out an agreement like many folks seem to think we can sit back and enjoy our profits. If we get closer and close to Christmas with no agreement, I'd try to look for my exit.
Good Luck
Lets rock the new year...BB.
For those interested in what we can expect with a starting point of $1000 and then add a mere $200 per month. I have created the following spreadsheet.
Note: You will open and fund an account with $1000 in December of 2012. Our first trades will start in Jan of 2013. The total anount of capital you will risk for the year is the original $1K + $2.4K = $3.4K.
If you don't have or don't want to risk the first $1000 to start, then you will have a bit of a different outcome as noted in the spreadsheet below. The total amount of capital you will risk over the year will be $2.4K....
As you can see in both examples we are shooting for 20% each month.
Good Luck!
I'm really dig'n on JPM
BUY 10 DEC22 JPM $43/CALLS @ $0.25
I'd try to grab these as soon as the market opens on Monday. I have a target of about $45.00. Could be a 10 bagger for us!
Happy Thanksgiving everyone. Hope you and yours enjoy many blessings!
I'm thinking GOOG is a nice little set up.
Buy 3 DEC22 GOOG $690/CALLS @ $8.20
SELL 3 DEC22 GOOG $695/CALLS @ $6.60
Total Risk = $1.60 per spread
BUY 3 MAR16 GOOG $780/CALLS @ $5.80
SELL 3 MAR16 GOOG $800/CALLS @ $3.70
Total Risk = $2.10 per spread
I've been paper trading a whole lot with forex right now. It's only been a week or so but it really satisfies the "trader bug" in me. Still not sure if I can make money at the same rate as I can with options. But I have this feeling that I will probably be trading both over the next year.
I can see set ups in both places. So it would only be beneficial to look for the most profitable possibilities and stick your money there.
Have a great weekend folks....
BB... got my darts ready. Watching my list very closely.
No doubt about that. I have been looking at so many stocks that are at or near support that I don't know what to think. By the way been traveling for the past week or so, thus never responded to your previous message. My trading tends to be a little longer term than your typical trade but I have paid a lot of attention to what you do because I feel I need to learn to be a little shorter term in my thinking.
Best wishs
So many nice set ups are starting to develop. This may be the mother of all bull runs about to take place my friends!
OK, I guess I got my answer. 2 days and only one response. Sounds good. Now I can just go make money and forget about all this real time posting. I'll be on Simple's Green Room if you're looking for me.
http://investorshub.advfn.com/Simples-Green-Room-5392/
Working on some Forex skills right now.....
I new you would respond.... lol
Thanx buddy. I'm just wondering if it's time for me to make a change in my life. No reflection on you or anyone else that follows this board.....
Been following you BB, just hard for me since I've been on the road alot lately... sometimes I miss ur trades or don't have time to respond. But I do following this board.
Gotta see for myself.....
I'm really starting to think I'm talking at myself. I see that there are about 84 boardmarks for the board itself and about 160 (or so) folks that have membermarked me. Yet I really don't see much feedback.
No questions. No remarks. No feedback. Nada
So I'm starting to really wonder if taking my time to teach newbies the basics of options trading is worth it. Out of 84 boardmarks we have about 5 folks that check in from time to time. So is trying to do analysis on these trades worth it?
January is just around the corner and I will be going live once again. But I gotta tell ya, trying to post trades and analysis for those trades as quickly as I make them takes alot of work. So what's everyone looking for on this board.
Do you want just another bozo to shout out trades? Scream symbols. Take money from promoters and then post how this next penny trade could make you millions in the next day or so? (hahaha I like that idea) You tell me.
We just added to the Q's for a Dec position....
Buy 5 Dec22 QQQ $66/CALLS @ $0.50
Thinking about selling some T Calls against the $36 Call we bought a few weeks back. This will create a credit spread and hopefully turn a loser into a gain.....
Add another position to the paper trading account.
BUY 8 DEC22 GLD $176/CALL @ $0.85
SELL 8 DEC22 GLD $180/CALL @ 0.43
RISK = $0.42
Here's your chance to buy the dip.
Buy Nov17 QQQ $64/CALLS @ $0.51......
Q's on fire now! Our options are up 34%!
Q's now up about 30%. I love options!!
Q's up 19% so far..... More to come?
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Moderator boca_bobby | |||
Assistants |
HOW DO YOU MEASURE UP AGAINST THE 3 MAJORS?
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MONTH | DEPOSITED | ADD PREVIOUS MONTH | SUB TOTAL | % GAINED | $ GAINED | $ TOTAL | DATE ACHIEVED |
JANUARY | $200.00* | $500.00** | $700.00 | 20% | $140.00 | $840.00 | 1/10/2013 |
FEBRUARY | $200.00* | $840.00 | $1,040.00 | 20% | $208.00 | $1248.00 | 1/15/2013 |
MARCH | $200.00* | $1248.00 | $1,448.00 | 20% | $289.60 | $1,737.60 | |
APRIL | $200.00* | $1,737.60 | $1,937.60 | 20% | $387.52 | $2,325.12 | |
MAY | $200.00* | $2,325.12 | $2,525.12 | 20% | $505.02 | $3,030.14 | |
JUNE | $200.00* | $3,030.14 | $3,230.14 | 20% | $646.03 | $3,876.17 | |
JULY | $200.00* | $3,876.17 | $4,076.17 | 20% | $815.23 | $4,891.41 | |
AUGUST | $200.00* | $4,891.41 | $5,091.41 | 20% | $1,018.28 | $6,109.69 | |
SEPTEMBER | $200.00* | $6,109.69 | $6,309.69 | 20% | $1,261.94 | $7,571.63 | |
OCTOBER | $200.00* | $7,571.63 | $7,771.63 | 20% | $1,554.33 | $9,325.95 | |
NOVEMBER | $200.00* | $9,325.95 | $9,525.95 | 20% | $1,905.19 | $11,431.14 | |
DECEMBER | $200.00* | $11,431.14 | $11,631.14 | 20% | $2,326.23 | $13,957.37 |
*The account will have $200 added to the portfolio each month for a total of $2,400
** The account was funded with $500 to start trading.
(Note: The following webinars work best using Internet Explorer as your web browser)
BOCA_BOBBY......
DEPOSITS MADE FOR THE $50/WEEK PORTFOLIO
DATE | AMOUNT | TOTAL TO DATE | DATE | AMOUNT | TOTAL TO DATE | DATE | AMOUNT | TOTAL TO DATE | ||
12/27/2012 | $500 | $500 | ||||||||
01/01/2013 | $200 | $700 | ||||||||
DATE | 1/16/13 |
CASH | $558.56 |
HOLDINGS | $1020.00 |
TOTAL | $1578.56 |
*Total Value is figured by taking the value of all holding at the end of the trading day and adding it to the cash on hand.
LATEST TRADES FOR THE $50/WEEK PORTFOLIO
TRADE # | DATE IN | SYMBOL | STRIKE | EXPIRE MONTH | TYPE | CONTRACTS | PRICE IN | COMMISH | PRICE OUT | COMMISH | CAPITAL IN | CAPITAL OUT | % GAIN / LOSS | NOTES: |
1 | 01/02/13 | GS | $135 | FEB16 | CALL | 2 | $3.35 | $6.25 | $5.475 | $1.44 | $676.31 | $1,093.56 | 60.2% | Basic Spread |
01/02/13 | GS | $140 | FEB16 | CALL | -2 | $1.79 | $1.30 | $2.875 | $6.33 | - $356.62 | -$581.33 | |||
2 | 1/7/13 | GS | $135 | JAN19 | CALL | 2 | $0.86 | $6.32 | $2.03 | $6.34 | $178.32 | $399.66 | 124.1% | Weekly Contracts |
3 | 1/11/13 | DE | $92.50 | JAN19 | CALL | 20 | $0.15 | $18.70 | $0.13 | $18.78 | $318.70 | $241.22 | - 24.31% | Price action disappeared so well sell for a small loss. |
4 | 1/14/13 | LNKD | $120 | JAN19 | CALL | 2 | $1.285 | $6.33 | $96.00 | $6.37 | $263.33 | $185.63 | - 29.51% | Stopped Out |
5 | 1/14/13 | GOOG | $720 | JAN19 | PUT | 2 | $3.62 | $6.32 | $7.60 | $6.37 | $730.32 | $1,513.63 | 107.3% | $700 is a short term target |
6 | 1/15/13 | SODA | $50 | JAN19 | CALL | 2 | $1.10 | $6.32 | $0.71 | $6.34 | $226.32 | $135.66 | - 40.1% | Hope to see a SP of $52 or higher by weeks end. STOPPED OUT. |
7 | 1/15/13 | GS | $140 | JAN19 | CALL | 4 | $1.17 | $7.70 | $0.70 | $7.72 | $475.70 | $272.28 | - 42.8% | Earnings Play. We need patience. This play was closed way to early and turned out a winner! |
8 | 1/16/13 | AAPL | $490 | JAN19 | PUT | 2 | $3.10 | $6.32 | $2.67 | $6.35 | $626.32 | $527.65 | - 15.8% | Tried to get cute and paid for it!! |
9 | 1/16/13 | AAPL | $515 | FEB01 | CALL | 4 | $16.69 | $7.71 | $6,683.71 | Back to a basic spread to help reduce risk! | ||||
1/16/13 | AAPL | $520 | FEB01 | CALL | -4 | $14.74 | $2.92 | - $5,893.08 | ||||||
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TRADE | DATE IN | SYM | Strike | Expire Month | Type | Contracts/Shares | Price In | Commish | Price Out | Commish | CAPITAL IN | CAPITAL OUT | % GAIN/LOSS | NOTES: |
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TRADE | DATE IN | SYM | Strike | Expire Month | Type | Contracts/Shares | Price In | Commish | Price Out | Commish | CAPITAL IN | CAPITAL OUT | % GAIN/LOSS | NOTES: |
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TRADE | DATE IN | SYM | Strike | Expire Month | Type | Contracts/Shares | Price In | Commish | Price Out | Commish | CAPITAL IN | CAPITAL OUT | % GAIN/LOSS | NOTES: |
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PERSONAL CHALLENGE PERFORMANCE BY THE NUMBERS:
STARTING CAPITAL $500 (2012) | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
MONTHLY DEPOSITS | $200.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
MONTH ENDING CAPITAL | $0.00 | X | X | X | X | X | X | X | X | X | X | X |
Monthly $ Gain | $0.00 | X | X | X | X | X | X | X | X | X | X | X |
Yearly $ Gain | $0.00 | X | X | X | X | X | X | X | X | X | X | X |
Monthly % Gain | 0% | X | X | X | X | X | X | X | X | X | X | X |
Yearly % Gain | 0% | X | X | X | X | X | X | X | X | X | X | X |
Butterfly Plays on Hold
THE GREEKS
The Greeks are a collection of statistical values (expressed as percentages) that give the investor a better overall view of how a stock has been performing. These statistical values can be helpful in deciding what options strategies are best to use. The investor should remember that statistics show trends based on past performance. It is not guaranteed that the future performance of the stock will behave according to the historical numbers. These trends can change drastically based on new stock performance.
Delta:
The Delta is a measure of the relationship between an option price and the underlying stock price. For a call option, a Delta of .50 means a half-point rise in premium for every dollar that the stock goes up. For a put option contract, the premium rises as stock prices fall. As options near expiration, in the money contracts approach a Delta of 1.
In this example the delta for stock XYZ is 0.50. As the price of the stock changes by $2.00 the price of the options will change by 50 cents for every dollar. Therefore the price of the options will change by (.50 x 2) = 1.00. The call options will have their price increased by $1.00 and the put options will have their price decreased by $1.00. The Delta is not a fixed percentage. Changes in price of stock and time to expiration will have an effect on the delta value.
Gamma:
Sensitivity of Delta to unit change in the underlying. Gamma indicates an absolute change in delta. For example, a Gamma change of 0.150 indicates the delta will increase by 0.150 if the underlying price increases or decreases by 1.0. Results may not be exact due to rounding.
Theta:
Sensitivity of option value to change in time. Theta indicates an absolute change in the option value for a 'one unit' reduction in time to expiration.
Vega (kappa, omega, tau):
Sensitivity of option value to change in volatility. Vega indicates an absolute change in option value for a one percent change in volatility. For example, a Vega of .090 indicates an absolute change in the option's theoretical value will increase by .090 if the volatility percentage is increased by 1.0 or decreased by .090 if the volatility percentage is decreased by 1.0. Results may not be exact due to rounding.
Rho:
Sensitivity of option value to change in interest rate. Rho indicates the absolute change in option value for a one percent change in the interest rate. For example, a Rho of .060 indicates the option's theoretical value will increase by .060 if the interest rate is decreased by 1.0. Results may not be exact due to rounding.
Disclaimer: All posts on this board are to be taken as the opinion of the poster. In no way is the information posted to be taken as investment advice or to be taken as the final word as to buy or sell any stock, option, bond, currency, etc. Posters on this board are not to be considered advisors in any way and all due caution should be taken when making financial decisions based on information conveyed in this forum. As with any investment decision, we would encourage everyone to do their very own due diligence and/or get the advice from a licensed professional for such advice. All the risks associated with any investor willing to buy or sell any stock, option, bond, currency, etc. because of information revealed here in this forum are solely on the individual making the investment and not on the poster of this message board.
Boca_Bobby Chartsletter Off Line for now.
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