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Yeah I was not in it either!!
I don't get it Bobby!! You and I are pretty dang good chartist but what is it that Jimmy does differnt that when he sees a play like this he can say 2 days before it runs that no one will realize that on Tuesday NFLX was under $60?
Maybe I need to work harder and sleep less. UPB is the same way. What is it that takes these guys to the next level?
Looks like we were a week early on our NFLX Calls.....Wow!
Still just holding those Weekly AAPL $680/Calls. Looks good so far....
Scorecard Results from 9/10/12 thru 10/2/12
Here are the current results of our paper trading.
Long term: (total risked = $365)
2 Jan13 GLD $165/$170 Call Spread @ $0.95 (Currently @ $2.95)
1 Oct AAPL $705/$710 Call Spread @ $1.75 (Currently @ $0.78)
If all positions were closed we would have $668.00
Short Term: (total risked = $200)
2 Weekly AAPL $680/Calls @ $1.00 (Currently @ $1.25)
If all positions were closed we would have $250.00
Closed Positions: (total gained = $1,698.00)
1 Weekly AAPL $660/$665 Call Spread @ $1.70 (Closed @ $2.20 gain $50) "quick trade today 10/2/12"
1 Weekly AAPL $690/$695 Call Spread @ $0.41 (Expired Worthless lost $41.00)
5 Weekly CAT $90/Calls @ $0.08 (Expired Worthless lost $40.00)
6 Weekly CAT $87.50/Puts @ $0.33 (Closed @ $1.50 gain $702.00)
2 Weekly SLB $75/Puts @ $1.10 (Closed @ $3.05 gain $390.00)
2 Oct PCLN $665/$670 Call Spread @ $0.50 (Closed @ $0.50 broke even)
4 Oct SBUX $52.50/$55 Call Spread @ $0.49 (Closed @ $0.22 lost $108.00)
5 Weekly NFLX $60/Calls @ $0.40 (Closed @ $0.30 lost $50.00)
5 Weekly BIDU $120/Calls @ $0.34 (Closed @ $0.15 lost $95.00) week ending 9/28
3 Oct GOOG $655/$650 Put Spread @ $0.60 (Closed @ $0.30 lost $90.00)
3 Sep ISRG $520/$525 Call Spread @ $0.70 (Closed @ $1.25 gain $165.00)
4 Weekly FFIV $110 Calls @ $0.45 (Closed @ $2.70 gain $900.00)
5 Weekly BIDU $125 Calls @ $0.20 (Closed @ $0.03 lost $85.00) week ending 9/21
AAPL came back for the late comers. Those $680/Calls came back to a buck for those that wanted in just before the close. We then end the day at $1.24 (ask price).....
Good Luck tomorrow on an AAPL run.....
$680/Calls now @ $1.33
Go AAPL Go
$680/Calls now @ $1.23
Rolled into 2 Weekly AAPL $680/Calls @ $1.00
Out of AAPL @ $2.20..... That was quick! lol
Took a position in AAPL...
Buy 1 Weekly AAPL $660/$665 Call Spread @ $1.70
I like the way AAPL seems to have come back for us. We should have some fun very soon with some CALLS......
Did my usual chart analysis on Sunday. I didn't really see a set up that just jumped out at me. Many of my favorite stocks were in a "bottoming" type of set up. I'd rather wait to see those stocks make a true turn up before we jump. If we do anything other than wait what we are really doing is just guessing and hoping a bottom was set.
So for right now we just sit on our gains over the past two weeks and continue to hold our 2 long term positions in GLD & AAPL.
This does not mean we won't jump in on a weekly option if the set up is right so stay tuned......
Out of BIDU at .90!!
BOOM!! Love BIDU!!
I'm out for the day, take care buddy!!
AAPL up another $2+ in AH trading. Would love to see this beast run to over $695 tomorrow!
BIDU holding strong. I look for a positive Friday once again so both BIDU & AAPL should continue up just a bit more......
I like the action on AAPL today. Looks like a healthy bounce so I took a shot here with a spread that expires tomorrow.
Buy 1 Weekly AAPL $690/$695 Call Spread @ $0.41
We risk $41 for a chance @ $500. Nice risk/reward IMO......
BIDU broke that tough $114 level. I think she runs a bit more. Good Luck
HAHA....I had to stop those lotto plays.....way more expensive then even a $20 scratch off!!
BIDU MOVING!!!!
Looking back at the CAT buy in yesterday. What the hell was I thinking. These "lotto" plays never pan out for me.
Note to self: Before taking a position that is called a "Lotto Play," simply run down to the nearest convenient store and play the REAL LOTTO. Your odds are very similar but the payoff is much greater!
Grrrrrrrrrrrrrrrr
Yeah....it is looking weak right now. I had high hopes with the cross over but not looking good. A break below $113 will get me out especially these being weekly calls.
Take a look at the 15min chart. It clearly shows a gap up with today's open. Do we go back and fill before it goes up further? Hmmmmm
Been burned twice on BIDU in the past 2 weeks. It often has some nice swings so we just need to be on the right side of those swings..... Good Luck
BIDU breaking down a little bit here....
I am going to wait for the 5 minute chart to setup grab a few more and run with it. BIDU has been good to me on the 60 minute setup only thing differnt this time is I bought the sto cross when it WAS NOT over sold....going against what I know alittle....
Updated Scorecard as of 9/26/12:
Here are the totals over the past 2 weeks folks. My strategy is pretty simple for now. We try to keep each position size to around $200 (then add commish). We look for plays that have a favorable chart showing a possible quick move. We then get in and watch closely. At the first sign of trouble we get out and take the profits or losses as they come. Pretty simple.
As far as which stocks to choose, I have a simple watchlist of about 25 of my favorite stocks. I do some general checking during the week. But then on Sunday, I narrow my list down to 5 or 6 "most favorable" plays for the upcoming week. This is then my "game plan" for the week.
After the market opens, we look at these 5 or 6 stocks exclusively. We look for the best entries we can and then jump in. That's it folks. No magic beans to sell ya.
On a side note, I do like to read other boards to see what's hot out there. But I really try not to deviate from my watchlist. I found for myself, that jumping around from stock to stock because others seem to be hot for them only gets me lost in the shuffle.
So know yourself. Discover you very own strengths and weaknesses. Then deal with those qualities to maximize your goals. With that said, here's our report card after almost 2 weeks of paper trading......
Long term: (total risked = $365)
2 Jan13 GLD $165/$170 Call Spread @ $0.95 (Currently @ $2.65)
1 Oct AAPL $705/$710 Call Spread @ $1.75 (Currently @ $1.20)
If all positions were closed we would have $650.00
Short Term: (total risked = $40)
5 Weekly CAT $90/Calls @ $0.08 (Currently @ $0.05)
If all positions were closed we would have $25.00
Closed Positions: (total gained = $1,729.00)
6 Weekly CAT $87.50/Puts @ $0.33 (Closed @ $1.50 gain $702.00)
2 Weekly SLB $75/Puts @ $1.10 (Closed @ $3.05 gain $390.00)
2 Oct PCLN $665/$670 Call Spread @ $0.50 (Closed @ $0.50 broke even)
4 Oct SBUX $52.50/$55 Call Spread @ $0.49 (Closed @ $0.22 lost $108.00)
5 Weekly NFLX $60/Calls @ $0.40 (Closed @ $0.30 lost $50.00)
5 Weekly BIDU $120/Calls @ $0.34 (Closed @ $0.15 lost $95.00) week ending 9/28
3 Oct GOOG $655/$650 Put Spread @ $0.60 (Closed @ $0.30 lost $90.00)
3 Sep ISRG $520/$525 Call Spread @ $0.70 (Closed @ $1.25 gain $165.00)
4 Weekly FFIV $110 Calls @ $0.45 (Closed @ $2.70 gain $900.00)
5 Weekly BIDU $125 Calls @ $0.20 (Closed @ $0.03 lost $85.00) week ending 9/21
Taking a lotto shot here with 5 Weekly CAT $90/Calls @ $0.08. Looking for a little bounce......
Good Luck. I just can't buy Calls for a company that I wish the worst of luck for no matter how the chart may look. But if you can make a few coins then by all means, go for it......
KCG-Loaded Options
KCG Oct 20 '12 $3 Call (lotto)
KCG Nov 17 '12 $2.50 Call
KCG Jan 19 '13 $3 Call
KCG Jan 19 '13 $2.50 Call
Heavy in 2.50 Calls
http://stockcharts.com/h-sc/ui?s=kcg
Agreed, they will blow out the Iphone 5 numbers for the hoilday season. Got in Jan 13 705 call for 26.00
Sold out of 6 Weekly CAT $87.50/Puts @ $1.50. Very nice gain for us and this probably concludes our trades for the week.
Still holding:
2 Jan13 GLD $165/$170 Call Spread
1 Oct AAPL $705/$710 Call Spread
I will update our scorecard later. Hope you guys had a great week so far!
We may correct all the way to the election. Way too much uncertainty out there as far as policy goes. Just play the charts and stick to what works.....
HAHA...Yeah AAPL may be just building up to Friday's pop that I am waiting for....I knew we had to correct eventually but this pull back is needed and when it is over we could run crazy into the election!!
When I was doing my Sunday watchlist, I really thought the maket may go red for a while. But then I looked at the futures and they were green. So I stayed a bit neutral.
But now I am more convinced that we need this correction and it may last for a bit.
Only thing I am currently bullish on is GLD & AAPL. But I'm just about always bullish on AAPL.
Out of 2 Weekly SLB $75/Puts @ $3.05. We bought at $1.10 so this gainer we offset any losses for the week.
Out of 2 Oct PCLN $665/$670 Call Spread @ $0.50. We break even but the chart is turning south.....
HAHA....Just sold mine a little bit ago....=( was going good till the market turned out!!
Out of 4 Oct SBUX $52.50/$55 Call Spread @ $0.22. We bought @ $0.42. Enough is enough so we just move on....
ONN tv has ceased operations. :(
I'm here,
watching L-Back's video series again.
Opps, looks like I lost one, a follower that is.....
I usually don't check my membermarks but I did so last night. I was showing 163 folks read what I post. Now today I just looked and see that I'm down to 162.....
Oh the horror. I guess making a few grand over 2 weeks might not have been up to their standards. I'll try harder folks! ROFLMAO
Scorecard:
For those trying to follow our plays, here is where we sit so far. Let's remember that these are basically just the plays I've talked about over the past 2 weeks. I still plan on paper trading for the most part of this year.
Long term: (total risked = $661)
2 Jan13 GLD $165/$170 Call Spread @ $0.95 (Currently @ $2.80)
2 Oct PCLN $665/$670 Call Spread @ $0.50 (Currently @ $3.90)
1 Oct AAPL $705/$710 Call Spread @ $1.75 (Currently @ $1.35)
4 Oct SBUX $52.50/$55 Call Spread @ $0.49 (Currently @ $0.42)
If all positions were closed we would have $1,643.00
Short Term: (total risked = $418)
6 Weekly CAT $87.50/Puts @ $0.33 (Currently @ $1.02)
2 Weekly SLB $75/Puts @ $1.10 (Currently @ $2.30)
If all positions were closed we would have $1,072.00
Closed Positions: (total gained = $745.00)
5 Weekly NFLX $60/Calls @ $0.40 (Closed @ $0.30 lost $50.00)
5 Weekly BIDU $120/Calls @ $0.34 (Closed @ $0.15 lost $95.00) this week
3 Oct GOOG $655/$650 Put Spread @ $0.60 (Closed @ $0.30 lost $90.00)
3 Sep ISRG $520/$525 Call Spread @ $0.70 (Closed @ $1.25 gain $165.00)
4 Weekly FFIV $110 Calls @ $0.45 (Closed @ $2.70 gain $900.00)
5 Weekly BIDU $125 Calls @ $0.20 (Closed @ $0.03 lost $85.00) last week
Well something drastic happened.... lol
We sold out of BIDU @ $0.15. Better to recover something than let them expire worthless. Looks like Puts are the better way to go this week.....
Still holding SLB & CAT Puts. They look ready to just fall apart. But the BIDU Calls are just not kicking in like I thought they might. We will hold over night to see where we go unless something drastic happens in the next hour or so......
We added a few BIDU here:
Buy 5 Weekly BIDU $120/Calls @ $0.34.......
I really wanted to sell the SLB & CAT Puts earlier today, but I think this selling may continue a bit more. We are holding for now.
FWIW:
We made another deposit of $50 towards our account again today. We'll just keep adding funds in preparation for trading to begin in Jan 2013......
$100 total so far
I really like the idea of the mere $50/week thing we got going on here but this type of Broker really offers us a nice package. Or maybe we will just keeps things as is for now and when we build the portfolio up to over $2K we can just transfer over and then continue on our merry way with the $50/week deposits going into our new OptionsHouse account.
I'll vote for this one.
Just an FYI folks. I am seriously thinking of switching my options trading account over to OptionsHouse. Although I've been with TradeKing for years now, OH offers a great commissions rate and has a better trading platform.
The kick in the butt is that it will change our little challenge a bit. I would need to open the account with at least $1K to be able to trade and $2K if I wish to trade spreads. So it's something to keep in mind.
I really like the idea of the mere $50/week thing we got going on here but this type of Broker really offers us a nice package. Or maybe we will just keeps things as is for now and when we build the portfolio up to over $2K we can just transfer over and then continue on our merry way with the $50/week deposits going into our new OptionsHouse account.
Any comments?
Annnnnnnnd we get stopped out of NFLX @ $0.30..... So much for that bounce.....
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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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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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