Yeah someone pointed out the Massive options crush, so many are pissed.
I did get 247.5 july26 calls, hopefully spy gives me a little.

Maybe IDK, something institutional, they had to have been keeping it down all day on purpose to have them buy. In 10 min it went up .50

Averaged MSFT to .49, incredible 3.5 million + at the last 10 min.

Don't think MSFT will be another MU? Looking more and more grim, I guess people are just panic selling though.

Yeah I'll do the same if it continues to drop, add more at the EOD.

If it goes lower I'll add, but that was 18 contracts don't know if I want to add more.

Oh well, settled for .57. Let's cross our fingers that next week is another green week as well. Which means now It'll touch .50.

Yeah we'll see if it dips below the $73.56 range, 4 red candlesticks in a row, this trading is so odd.

Waiting for .50, come on baby!

This is so boring, waiting to grab cheap on either side for the climb and fall... boring though.

Never hold overnight, I know this, yet held overnight, sigh.

Ofc, bought for .23, sold for .04 yay!

Lol, I have a SPY call for 247.5, selling at market for probably a huge loss, with my luck the market would turn around.

I got Visa calls, but unfortunately at 102 instead of 100.

I was trying to get a put as well, but brokerage wouldn't let me place for whatever reason. Probably for the better, although it also means we probably drop tomorrow just to make me sad.

BABA again, it was on fire today and it's expected to be on fire tomorrow too. I'll probably get a call for aug11 for 165 or 170 as their earnings are aug10.

Probably BABA, SPY, and aapl. NASDAQ futures are already up .37%

BOT BABA 157.5 CALL @.32
seconds later, price was driven downto .26 ofc.

SOLD BABA 155 Call .63 +.17, right before the run to the current .82

Oh I've used them for both Scottrade and Schwab. You can manually input your info, but not being verified its not really the same.

Yeah I was thinking about getting a call, but figured It was too risky, it'll definitely be the highlight of tomorrow, watching all of the action.

As long as BABA doesn't drop. Picked up a call for 155 @.45 couldn't sell... need to put some money into my eoptions account in the next couple of days so I can start making a lot of quicker trades with more money. Although I realize there's such a bigger risk competing how fast a price can fall and the option price unless you buy a it into the money.

BABA has been a Bull for quite a few days. Fingers crossed.

As long as BABA doesn't drop. Picked up a call for 155 @.45 couldn't sell... need to put some money into my eoptions account in the next couple of days so I can start making a lot of quicker trades with more money. Although I realize there's such a bigger risk competing how fast a price can fall and the option price unless you buy a it into the money.

BABA has been a Bull for quite a few days. Fingers crossed.

Yeah it's down so much now, and ofc no trading options after hours so we'd be at the mercy of the price in the AM. I'm sure it'll still gapup though

Me too as I wanted to buy, but again it's easy after the fact to say "I should've bought it". Look what happened to the banks, does t always go up either.

Maybe it'll be a green Tuesday.

BABA is pretty low right now, red day I guess, but it's had seven green days, just another volatile one.

Not when you're far out of the money on the calls, if the price got even near the strike you'd make more than you'd lose on the puts.

I was going to buy a NFLX call this morning, but realized they're too much of a gamble/risk, so bought BABA instead.

I bought SPY 247 7/19 calls this morning and got out even, too flat.

SOLD SPY 247 7/19 Call @.10

At this rate 246 call on SPY would've been a better call considering the low volume and rather flattish trading.

BOT SPY 247 7/19 Call @.10

Up and Up TSPG goes again on positive news, nothing can stop it!

I disagree that puts are riskier. However the perception is their riskier because of the 9 year Bull market we've had. Calls are just as risky, it just depends on the short and longer term trend of either the market or ticker.

Being a bear in a Bull market is riskier. Being a Bull in a Bear market is riskier.

After SNAP started to fall from $17, generally calls were/are riskier than puts until an overall and confirmed direction change. I did buy a spy put last week and lost some $, so like I'm one to talk.

It's definitely been an interesting and painful week, my brother told me never go against the market/trend and I'm realizing how correct is is. At least you got out at .16, SPY is crazy today, you figure they'll drop eventually but damn.

Thanks again, I opened an eoptions account. You're right for options you get the money back and are able to use it the next day. I think trading smaller amounts of $200-$300 at a time is a much better or safer way to go, but then again you'll always have those crazy stocks that you could've makes thousands on.

I know that 90% of traders lose and probably give up, I' know intraday is more turned focused, up or down.

I've been killed a number of times with having to hold an option overnight, my baba put yesterday was a good example, I would've sold at 1.20 or even 1.10 since I had a $1000 investment, but held and ofc lost almost half that this morning.

Yes, myself and my July14 244 puts pray for a red day. However, of this week has been an example of anything, it's who the heck know what'll happen. That said, it'll probably be green.

BOT SPY 244 Put @ .23

Yes trading more than 5, I'll check them both out though, but I just spent $50 for 78 contracts. It's really killer. Thanks for all the info, the cash account helps a lot. I think my Scottrade account got converted to a cash account but I didn't have enough money to wait for the funds to come back through three days after the trade where now I do

So you're saying eoption is probably my a better choice all around? The fees really do kill you, it's pretty crazy .

Thanks, I was thinking of Interactive Brokers since Schwab still has higher fees than IB, although I'll have to make an initial 10k deposit.