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Trades and Positions - For Week Ending 1-16-15...
underlined trades are since last post
Closed Positions
AAPL Jan 23 $109P @ .91 - sold 1/2 @ $2.15 - sold 1/4 @ $2.54 - sold bal @ $3.50
IWM's
$116.50WP @ .43 - sold 1/2 @ $1.52 - sold 1/4 @ $1.57 - sold 2 more @ $2.03 - sold bal @ $2.10
$117WP @ .52 - sold 1/2 @ $1.77 - sold 1/4 @ $1.83 - sold 2 more @ $2.46 - sold bal @ $2.70
SPY's
$199P @ $1.005 - sold @ .95
$202.50WP @ .58 - sold 1/2 @ $3.35 - sold 1/4 @ $4.10 - sold bal @ $3.20
$203WP @ .73 - sold 1/2 @ $3.78 - sold 1/4 @ $4.34 - sold bal @ 4.23
VXX Jan 17 $33.50C @ .61 - sold 1/2 @ $2.73 - sold 1/4 @ $3.05 - sold bal @ $2.60
Open Positions
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75 - sold 1/3 @ 4.20 - leaves 1/3
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55
BIDU Jan 30 $210P @ $1.35 - sold 1/3 @ $2.86
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50 - Sold 1/4 @ $10.50 - leaves 1/4
FB Jan 23 $75P @ .43 - sold 1/2 @ $2.15
FB Jan 30 $73.50P @ $1.28 - sold 1/4 @ $2.93
IWM's
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55 - sold 17% @ $2.07 - leaves 1/2
$116P @ .67 - sold 1/3 @ $1.93 - sold 17% @ $2.67 - leaves 1/2
Jan 30's
$113.50P @ .59 - sold 1/4 @ $1.66 - sold 1/4 @ $2.04 - leaves 1/2
$114.50P @ .74 - sold 1/4 @ $2 - sold 17% @ $2.46 - leaves 1/2
SBUX Jan 23 $80P @ .99 - sold 1/3 @ $2.10
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91 - sold 17% @ $3.35 - leaves 1/2
$200.50P @ .88 - sold 1/3 @ $2.96 - sold 17% @ $3.56 - leaves 1/2
$201.50P @ $1.06 - sold 1/3 @ $3.60 - sold 17% @ $4.11 - leaves 1/2
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86 - sold 1/4 @ $3.31 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.24 - sold 1/4 @ $3.67 - leaves 1/2
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55
jim
unfortunately, I had a funeral to attend today and I knew that it would take up most of my day so the only trading I did today was to sell my expiring options at the open.
I still am holding Puts for next week and Jan 30 as well. Nothing has changed IMO except we got an OPEX rally in the afternoon (just another chance to sell 'em IMO.
I will be a buyer of a few names but I'm still bearish.
Sure jb, that's fine. I appreciate the offer!
Jim
No changes at this time. I'm riding my positions
Why OM Chatroom is THE BEST for Options Traders
(and why you should join)
First, my disclaimer....
I have no equity affiliation with the site. I have no financial stake in the site.
I am what is called a moderator (I guess) but other than that... no affiliation.
Now, why is OM chat the best? THE PEOPLE!!
I don't need to tell you about JB. His trades speak for themselves.
He is a bigtime Home Run hitter who may strike out some but those Grand Slams he gets on a fairly constant basis make you forget about those K's! One of his hits will cover 3 months of losses.
If swinging for the fences is not your style you might want to check out UPB (or Beanz as I like to call him). His understanding of the macro environment and his ability to trade based on that is a real gift. He is pretty consistent and he garners gains regularly.
Do you like market and world insight? Then you gotta listen to "Old Man" Mikey. His many years of trading and moderating rooms makes his views on trading insightful (and delightful!). He has seen it all (at least a couple of times!) and his experience with different facets of the market will help you get a better understanding of what's going on. He is a frequent speaker (wired for sound) and is always willing to impart his wisdom and help the newbies as well as the seasoned Vets.
Straight Put/Call plays starting to bore you? Interested in learning advanced option trading strategies like Spreads? Whether it be Vertical Spreads, Calendar Spreads, Credit Spreads or fancy Iron Condors, 2 by 1 Spreads, etc then Lee is your man. Nobody knows them better and he will show you ways to make money/maximize your plays like you never dreamed of. He will show you how to take ALL of your money off the table and still make big bucks. He is also a very experienced trader with an astute eye on stocks. He has an uncanny ability to pick reversals and he is always willing to share his knowledge as well. He also is a frequent speaker.
RetiredMM (ME!) Well, most of you know me or of me. What I bring to the table is 20 years of being a professional trader (NASD Market Maker) and I've traded another 13 years for my own account. I have been trading Options exclusively for probably 5 years. I do INVEST in stocks, but I TRADE Options. It is a huge difference and when you understand that it will be your first lesson in becoming a real trader. I am a contrarian that trades levels and I trade on "Feel". I create plans on what I think the market in general will do (macro) and I do the same with individual stocks/etf's (micro). I share my game plan with the room, i will telegraph my plays and then I will post them as soon as practicable. I will always give you my thesis on why I will do/or have done a trade. If you agree, join the party. If you think i'm off base, ignore me, or even better, go the other way! I've got no problem with that. Some of my best plays were made when someone suggested a trade and I did my due diligence and I saw the opposite and played the other side. If you disagree with me you can tell me so and I'll listen why.
The room players.... there are a ton of players from a high school phenom who has been on CNBC to hedge fund veterans. The ideas that are constantly thrown out there are amazing. Great discussions, some debates, but everyone gets along pretty well. We all want everyone to succeed.
You should take the plunge and give it a try. It will certainly be worth your time whether you decide to stay or even if it isn't right for you. At least you will get a feel of what goes on.
good luck!
you know what i'm holding if you've read my posts...
and soon to be 200ma!
Defensive Coordinator... SPAGS!!
jb
So we got our new(old) DC. You gotta be happy!
thx jb
jim
we will have to see what trading looks like tomorrow before I tell you my feel for Monday. I'm not a scalper (although on occasion I will do it)
Trades and Positions - Updated...
underlined trades are since last post
AAPL Jan 23 $109P @ .91 - sold 1/2 @ $2.15 - sold 1/4 @ $2.54 - leaves 1/4 - sold bal @ $3.50
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75 - sold 1/3 @ 4.20 - leaves 1/3
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55
BIDU Jan 30 $210P @ $1.35 - sold 1/3 @ $2.86
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50 - Sold 1/4 @ $10.50 - leaves 1/4
FB Jan 23 $75P @ .43 - sold 1/2 @ $2.15
FB Jan 30 $73.50P @ $1.28 - sold 1/4 @ $2.93
IWM's
$116.50WP @ .43 - sold 1/2 @ $1.52 - sold 1/4 @ $1.57 - sold 2 more @ $2.03 - leaves 2
$117WP @ .52 - sold 1/2 @ $1.77 - sold 1/4 @ $1.83 - sold 2 more @ $2.46 - leaves 2
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55 - sold 17% @ $2.07 - leaves 1/2
$116P @ .67 - sold 1/3 @ $1.93 - sold 17% @ $2.67 - leaves 1/2
Jan 30's
$113.50P @ .59 - sold 1/4 @ $1.66 - sold 1/4 @ $2.04 - leaves 1/2
$114.50P @ .74 - sold 1/4 @ $2 - sold 17% @ $2.46 - leaves 1/2
SBUX Jan 23 $80P @ .99 - sold 1/3 @ $2.10
SPY's
$199P @ $1.005 -
$202.50WP @ .58 - sold 1/2 @ $3.35 - sold 1/4 @ $4.10 - leaves 1/4
$203WP @ .73 - sold 1/2 @ $3.78 - sold 1/4 @ $4.34 - leaves 1/4
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91 - sold 17% @ $3.35 - leaves 1/2
$200.50P @ .88 - sold 1/3 @ $2.96 - sold 17% @ $3.56 - leaves 1/2
$201.50P @ $1.06 - sold 1/3 @ $3.60 - sold 17% @ $4.11 - leaves 1/2
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86 - sold 1/4 @ $3.31 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.24 - sold 1/4 @ $3.67 - leaves 1/2
VXX Jan 17 $33.50C @ .61 - sold 1/2 @ $2.73 - sold 1/4 @ $3.05 - leaves 1/4
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55
Sometimes you can just get in that groove and when you do you gotta ride it for all it's worth.
Are We Done? No No No!!!
So a spectacular $2+ run in SPY recouping 65% of the loss in the last 2 hours (mostly in the 1/2 hour after 2 pm). Additionally, it is trading up .65 AH recouping another 18.5%. Why did this happen? What prompted the big rebound?
We all know it was following Oil. But why? There was no news. But was there something underlying? Yes there was. What was it? Oil Options expiration (today) which as us options traders know, can really move a market. But a 7% + move off even an oversold condition in 45 mins? SHORTS. This was a major short squeeze going into OPEX but most of these shorts are still flush with GREEN as they they were taking some of their huge profits. My guess is they are covering to roll them over and at higher prices.
OK, so now we know why (at least in the opinion of some on the street), so what does it mean? I believe that we may see a bump up in the morning and to me it just means another opportunity to sell. I have given you my targets and I am sticking with them. I honestly didn't think we would get to these levels so fast (or I would have made a lot more $$!). That sometimes changes my thoughts but not today. My first target of $200 was easily smashed. My next target of $197.90ish was not too far away (about $1). I still think we get there this week and then my $195 target followed by $192. My time frame is EOM.
Timing and levels are very tricky and that is why I always scale out of positions. I may think that the market will continue to go in my direction but I have no crystal ball. I would rather give some away too early than to see 3, 4, 5, even 10 baggers disappear in the blink of an eye because I was stubborn and believe me I've done that so many times and have learned my lesson. I would even venture to say that when I was an MM I probably gave away more profits in one day than anyone in this room will give away in a lifetime (just trying to squeeze a few more baggers).
So today I got out of 75% of my expiring options, 1/2 of next weeks and 25% on my Jan 30's.
Trades and Positions - Updated...
underlined trades since last post
AAPL Jan 23 $109P @ .91 - sold 1/2 @ $2.15 - sold 1/4 @ $2.54 - leaves 1/4
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55
BIDU Jan 30 $210P @ $1.35
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50
FB Jan 23 $75P @ .43
FB Jan 30 $73.50P @ $1.28
IWM's
$116.50WP @ .43 - sold 1/2 @ $1.52 - sold 1/4 @ $1.57 - leaves 1/4
$117WP @ .52 - sold 1/2 @ $1.77 - sold 1/4 @ $1.83 - leaves 1/4
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55
$116P @ .67 - sold 1/3 @ $1.93
Jan 30's
$113.50P @ .59 - sold 1/4 @ $1.66
$114.50P @ .74 - sold 1/4 @ $2
SBUX Jan 23 $80P @ .99
SPY's
$202.50WP @ .58 - sold 1/2 @ $3.35 - sold 1/4 @ $4.10 - leaves 1/4
$203WP @ .73 - sold 1/2 @ $3.78 - sold 1/4 @ $4.34 - leaves 1/4
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91 - sold 17% @ $3.35 - leaves 1/2
$200.50P @ .88 - sold 1/3 @ $2.96 - sold 17% @ $3.56 - leaves 1/2
$201.50P @ $1.06 - sold 1/3 @ $3.60 - sold 17% @ $4.11 - leaves 1/2
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86 - sold 1/4 @ $3.31 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.24 - sold 1/4 @ $3.67 - leaves 1/2
VXX Jan 17 $33.50C @ .61 - sold 1/2 @ $2.73 - sold 1/4 @ $3.05 - leaves 1/4
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55
Trades and Positions...
AAPL Jan 23 $109P @ .91 - sold 1/2 @ $2.15
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55
BIDU Jan 30 $210P @ $1.35
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50
FB Jan 23 $75P @ .43
FB Jan 30 $73.50P @ $1.28
IWM's
$116.50WP @ .43 - sold 1/2 @ $1.52
$117WP @ .52 - sold 1/2 @ $1.77
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55
$116P @ .67 - sold 1/3 @ $1.93
Jan 30's
$113.50P @ .59
$114.50P @ .74
SBUX Jan 23 $80P @ .99
SPY's
$202.50WP @ .58 - sold 1/2 @ $3.35
$203WP @ .73 - sold 1/2 @ $3.78
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91
$200.50P @ .88 - sold 1/3 @ $2.96
$201.50P @ $1.06 - sold 1/3 @ $3.60
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86
$199P @ $1.15 - sold 1/4 @ $3.24
VXX Jan 17 $33.50C @ .61 - sold 1/2 @ $2.73
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55
My Thesis and How It's Playing Out...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109637404
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109754271
So up above are my 2 posts from last week. I outlined my thesis and my plan. I held to them really well and now I'm in the last phase of my thesis. The plan was correct although my timing got skewed a little because I was hoping for a higher bounce than I originally anticipated so I didn't get a chance to sell at around $206-$207 SPY which I was hoping for (this was changed from $205ish). Since the market reversed hard on Friday and I was still looking for upside I didn't buy my Puts. And when I realized we were not going to test those levels, it was too late. I don't like to chase a market unless I'm really convinced we had seen the big reversal so I stood pat and waited for the bounce.
Well, we did not get the bounce yesterday (in fact it was a big down day again) but I was convinced that they would make another run before we got the big dumpage I was looking for. Well we got the big bounce today (although still not as high as I wanted) but when I saw it couldn't stay above $205.20ish I decided it was time. I got out of all of my calls and went all in on Puts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109877927
At one point today I had 150%-300% gains but I think this is the beginning of a pullback or maybe even a mini correction of 7% so I will still scale out but I will wait for the market to go much lower. I think any rally we see over the next few days will be a great selling opportunity. JMHO.
Good luck to all.
Hello All
I've had the flu for the past few days so I didn't do any trades yesterday, but since I didn't get the opportunity to fulfill my Put portion of my thesis last week because the market tanked a few hours prior to when I thought, I was waiting for an up day like this to take advantage so even though i'm under the weather I had to get up and do these trades...
I sold the 3 call (spreads) positions I had left and I entered Put trades...
AAPL $109C sold @ $3.66 - cost .80
BABA $103/$106CS sold @ .76 - cost .335 CREDIT for an effective sale of $1.095 with a zero cost
GILD $100/$103CS sold @ $1.10 - cost .05 CREDIT for a effective sale of $1.15 with a zero cost
New Trades...
AAPL Jan 23 $109P @ .91
BABA Jan 23 $100P @ .87
BIDU Jan 23 $217.50P @ $1.64
BIDU Jan 30 $210P @ $1.35
CMG Jan 23 $700P @ $4.69
FB Jan 23 $75P @ .43
FB Jan 30 $73.50P @ $1.28
IWM's
$116.50WP @ .43
$117WP @ .52
Jan 23's
$115P @ .50
$116P @ .67
Jan 30's
$113.50P @ .59
$114.50P @ .74
SBUX Jan 23 $80P @ .99
SPY's
$202.50WP @ .58
$203WP @ .73
Jan 23's
$200P @ .80
$200.50P @ .88
$210.50P @ $1.06
Jan 30's
$198P @ $1.03
$199P @ $1.15
VXX Jan 17 $33.50C @ .61
VXX Jan 23 $35C @ .94
stutz
read my prior posts
Awesome Lee!
Bull Market Returns??
So now that I have almost sold all of my year end/new years plays (long into year end and short into the new year) and I have had an excellent couple of weeks, how do I stand and where do I/we go from here? Have we entered the next phase of the Bull Market or is this just a trap?
My thesis had been to buy SPY $200 (and other names when it got to that level) as the market was coming off the EOY highs and then sell the bounce at around $204.50ish. That is what I did. I was also planning to enter the Put trades at those levels but the market just felt too strong for me to enter there. I re-entered some lotto Call trades for tomorrow (AAPL $113C and PCLN $1092.50/$1095CS) for a continuation tomorrow. So does that mean I have changed my mind? Absolutely not!
So what is my next move? I am hoping for a gap up and continuation tomorrow so I can sell all of the balance of my call spreads and calls (except maybe 1 or 2) and I plan on entering the Put play again. I will short the market (SPY & IWM Puts and VXX Calls) and I will also buy Puts in select names like PCLN and GOOGL along with a few others. I think with a hard bounce like this we should have expected much higher volume. This to me means that the sellers have kind of stepped away to try and get higher prices. They will reach a point where they will step back in and I think that it may come sometime tomorrow or Monday. I will be ready for it.
I also stated that after this hard quick bounce that we will be going a lot lower. I still believe that. I think we see $197 first stop with a possibility we see $195 and an outside chance of $192-$190. When I enter the Put play I will be entering short and medium term plays as we may have a few weeks of volatility.
Good Luck to all.
Thoughts?
What Happened and Where Do We Go
Another new year and another opportunity to make some green!
So those of you who know me and/or follow me you know what my year end/new years play was. For those that don't or didn't see i'll tell you...
So my plan was to be long the final 2 weeks of the year as I thought that there would be a Santa Claus rally (just like everyone else). There were some shaky moments there before I went long and I was buying as the market was selling off. I got in with really good pricing and it paid off handsomely, but that was just the first part of my trade, the precursor if you will. My real play was to sell my longs on the last couple of days of the year and SELL,SELL, SELL on those last 2 days. That is what I did. I made nice profits on the longs but it was the Puts where I really cashed in. I started positions in multiple SPY & IWM strikes and OPEX's, as well as NFLX, PCLN, GOOGL, AAPL. I bought more on Jan 2 as well. Although I made decent money on my Jan 02 $205 SPY Puts I should have made a lot more as I thought what happened today was gonna happen Friday so I didn't sell near the highs. Well we all know what happened today and I am out of everything but 1/3 of my NFLX Puts which I think will tank more.
So why did I make this play and why did the market tank today. Oil? The dollar? Profit taking? Well I would say all those did contribute but in a very small way. I believe it was because of the very same reason I made my year end play on Puts...
What happened in the last couple of weeks to me was a major telltale sign. All of the news was bad for the market, employment, oil, China, Micro and Macro issues, etc and yet after a few pullbacks the market shrugged it off. Why? Because it was a self fulfilling prophecy. The longs were determined to have a Santa Claus Rally no matter what. They were trying their hardest to close the market over the 18,000 level breached for Santa (on a 1000 point increase in 6 days) but there were just too many smart sellers out there to close it there for year end but the market was still up over 700 points off the lows of Dec 16th. And thus my thesis...
These players wanted so badly to have this rally (self fulfilling) that they shot their loads doing that and trying to hold it up as high as they could for year end. This market was headed in the right direction before the 6 day 1000 point rally (where the market was down 800 points) but the stubborn Bulls had to have it their way. They would not accept anything else. I saw that coming and that is why I played Calls for the Rally. IMO even with all that's happened and is happening, this market should have tested SPY $192 before it made it's move up and to a more reasonable $200-$203 level not the absurd $209 level. So now we pay the price (sort of). Instead of having an orderly market with some minor pullbacks in the beginning of this year what I think happens now is we get this $9 pullback on SPY ($200ish) with a bounce of about $4 (back to about $204ish- maybe $205) and then we start the next phase down. You may see some small bounces off of $200 again but I think we see $197 with a chance to see $195 or maybe even $192 (doubtful though). I do think that the market will be up 5%-7% some time this year but I don't necessarily think that ends the year up that much. So there you have it. take it FWIW.
So what is my plan now?
As I am out of just about all my Puts I will start to Buy Calls in some of the names I had puts in (not NFLX) and some others as well as VIX or VXX Calls. I bought some GILD today which I plan on creating Calls spreads with (for next week OPEX). I plan on buying a few other names as well BUT this is just for a bounce!! I plan to sell them at around $204 SPY and then I will jump into Puts again.
Feel free to play along and maybe you have different stocks you like to play but the high Betas are the ones they will work with best (if you believe!).
Hello all!
Just really jammed up at work. New project added to my workload and a power struggle between the office and the field have taken up most of my time. Honestly I haven't been watching the market so intently because of the turmoil at work and some personal issues at home (not me and everything is ok now). Hopefully when I go on vacation I'll be able to post again (leaving the 18th).
Trades and Positions...
Trades Since Last Post Underlined...
Closed/Expired Trades...
TSLA - created $225/$232.50CS @ .625 - sold @ $7.73 - 12+ Bagger!
BABA Nov 7 $105C @ $1.48 - sold @ $1.333
GS Nov 22 $180C @ $3.20 - sold @ $7.50
X $39C @ .37 - sold @ $2.475 - 6.6 Bagger!
Open Trades...
AAPL Dec 20 $105C @ $1.495
AAPL Nov 22 $108C @ .91
ALGN Nov 22 $55C @ .346
BIDU Oct 31 $215P avg to $2.09
FB $73.50P @ .845
GLD Dec 20 $124C avg to .833
GPRO $70/$72.50CS @ .255 CREDIT!!
GPRO $63/$60PS @ .76
IBM Nov 22 $165C @ $1.40
IWM Puts - Oct 31
$107P @ .27 - DEAD
$108.50P @ .41 - DEAD
$109.50P avg to .21 - On Life Support
$110P avg to .123 - On Life Support
$112.50P @ .39
$113P @ .52
Nov 7 $111P @ .52
Nov 7 $112P @ .75
Nov 14 $109P @ .50
Nov 14 $110P @ .67
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MLNX Nov $52.50C @ .393
MON Jan 17 $125C @ .28
PCLN $1125P @ $2.09
RIG Nov 22 $33C @ .306
RIG Nov 22 $35C @ .15
RIG Jan 17 $37C @ .266
SPY Puts - OCT 31...
$195P avg to .546 - On Life Support
$194P avg to .37 - On Life Support
$192.50P @ .63 - DEAD
$192P @ .556 - DEAD
$191P @ .43 - DEAD
$190P @ .34 - DEAD
$197.50P @ .61
$198P @ .75
$196.50P @ .53
Nov 7 Puts
$195P @ .67
$196P @ .87
$197P @ $1.12
$197.50P @ $1.26
Nov 14 $195P @ $1.08
SLV Nov 22 $19C @ .045
SLV Dec 20 $20C @ .047
TWTR Nov 7 $52.50C @ $2.05 - DEAD
TWTR Nov 7 $55C @ $1.05 - DEAD
VXX Oct 31 $37C @ .53 - DEAD
VXX Oct 31 $35.50C @ .70 - DEAD
VXX Oct 31 $34.50C @ .895 - DEAD
VXX Oct 31 $32C @ .55
VXX Nov 7 $35C @ .64
VXX Nov 7 $36C @ .526
Positions with Partials Sales...
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
SHPG Nov 22 $200C @ $3 - sold 1/2 @ $6.30
USO $31C @ .26 - sold 1/2 @ .56
Absolutely. PCLN will move in sympathy with EXPE. So if you are looking for a play with not as much premium you could play PCLN but the IV in PCLN will start to move up as well today/tomorrow as their ER's are Tuesday
IBM
I forgot to put IBM on my list...
IBM Nov 22 $165C @ $1.40
stutz
Yes I think Oil bounces a bit but I also think it's temporary and I think Oil is still headed towards $75 maybe even low 70's.
Regarding RIG I just think it was overdone and that it will move back up. I've been in these for weeks and it isn't moving up as fast as I'd like but I'm still hopeful we get there by my OPEX dates.
Trades and Positions...
Trades Since Last Post Underlined...
Closed/Expired Trades...
TSLA - created $225/$232.50CS @ .625 - sold @ $7.73 - 12+ Bagger!
Open Trades...
AAPL Dec 20 $105C @ $1.495
AAPL Nov 22 $108C @ .91
ALGN Nov 22 $55C avg to .346
BABA Nov 7 $105C @ $1.48
BIDU Oct 31 $215P avg to $2.59
FB $73.50P @ .845
GLD Dec 20 $124C avg to .833
GPRO $70/$72.50CS @ .255 CREDIT!!
GS Nov 22 $180C @ $3.20
IWM Puts - Oct 31
$107P @ .27 - DEAD
$108.50P @ .41 - DEAD
$109.50P @ .74 - DEAD
$110P @ .78 - On Life Support
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MLNX Nov $52.50C @ .393
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .306
RIG Nov 22 $35C avg to .15
RIG Jan 17 $37C avg to .266
SPY Puts - OCT 31...
$195P @ .98 - On Life Support
$194P @ .72 - DEAD
$192.50P @ .63 - DEAD
$192P @ .556 - DEAD
$191P @ .43 - DEAD
$190P @ .34 - DEAD
SLV Nov 22 $19C @ .045
SLV Dec 20 $20C @ .047
TWTR Nov 7 $52.50C @ $2.05 - DEAD
TWTR Nov 7 $55C @ $1.05 - DEAD
USO $31C @ .26
VXX Oct 31 $37C @ .53 - DEAD
VXX Oct 31 $35.50C @ .70 - DEAD
VXX Oct 31 $34.50C @ .895 - DEAD
X $39C @ .37
Positions with Partials Sales...
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
SHPG Nov 22 $200C @ $3 - sold 1/2 @ $6.30
optionsNYC
BTW I did avg down on those. I'm down to:
TWTR Nov 7 $52.50C @ .20
TWTR Nov 7 $55C @ .13
I don't expect it to get there but I'm looking for some appreciation in Calls if TWTR goes a bunch higher.
optionsNYC
Yes I have another week and a half but you have to be realistic. I write them off in my mind and if it comes back to life it'll be like a present. If it shows some signs of life, I might avg down but not at this time.
Trades and Positions...
Trades Since Last Post Underlined...
Closed/Expired Trades...
BABA Dec 20 $95C @ $2.28 - sold 1/2 @ $4.56 - SOLD 1/4 @ $6.85 - sold bal @ $8.00
Open Trades...
AAPL Dec 20 $105C @ $1.495
AAPL Nov 22 $108C @ .91
ALGN Nov 22 $55C @ .44
BABA Nov 7 $105C @ $1.48
BIDU Oct 31 $215P @ $4.51
GS Nov 22 $180C @ $3.20
IWM Puts - Oct 31
$107P @ .27
$108.50P @ .41
$109.50P @ .74
$110P @ .78
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MLNX Nov $52.50C @ .393
MON Jan 17 $125C @ .28
RIG Nov 22 $33C avg to .306
RIG Nov 22 $35C @ .233
RIG Jan 17 $37C @ .34
SPY Puts - OCT 31...
$195P @ .98
$194P @ .72
$192.50P @ .63
$192P @ .556
$191P @ .43
$190P @ .34
SLV Nov 22 $19C @ .045
SLV Dec 20 $20C @ .047
TSLA $225C @ $4.375 - will create spread
TWTR Nov 7 $52.50C @ $2.05 - DEAD
TWTR Nov 7 $55C @ $1.05 - DEAD
VXX Oct 31 $37C avg to .53
VXX Oct 31 $35.50C avg to .70
VXX Oct 31 $34.50C avg to .895
X $39C @ .37
Positions with Partials Sales...
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
SHPG Nov 22 $200C @ $3 - sold 1/2 @ $6.30
GM JB!
Great first half of week - so-so last half.Over all - pretty good.
Let's see what happens this week!
Let's Kill It!
Trades and Positions...
Trades Since Last Post Underlined...
Closed/Expired Trades...
AMZN $335/$350CS @ $1.54 - Expired
BIDU - $217.50P @ $1.315 - sold 1/2 @ $2.27 - bal expired
FB $77P @ .395
GOOGL $550C @ .35 -
IWM Puts
$110.50P avg to .50 - Expired
$108WP avg to .14 - Expired
$108.50WP avg to .22 - Expired
NFLX $355P @ $2.20 - Expired
NFLX $325P @ .903 - Expired
P $21WP @ .82 - sold 2/3 @ $1.98
SPY Puts...
$192P @ .216 - Expired
$191.50P @ .15 - Expired
$193.50P @ .33 - Expired
$194P @ .43 - Expired
TLT $122C @ .153 - Expired
VMW $90/$95CS @ $1.36 - Expired
VXX $35WC avg to .395 - SOLD 1/2 @ .64 - bal Expired
VXX $33.50C @ .53 - sold 1/3 @ $1.635 - sold bal @ .73
Open Trades...
AAPL Dec 20 $105C @ $1.495
ALGN Nov 22 $55C AVG TO .44
BIDU Oct 31 $215P @ $4.53
GS Nov 22 $180C @ $3.20
IWM Puts - Oct 31
$107P avg to .27
$108.50P @ .41
$109.50P avg to .74
$110P @ .78
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MLNX Nov $52.50C avg to .393
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .40
RIG Nov 22 $35C @ .233
RIG Jan 17 $37C @ .34
SPY Puts - OCT 31...
$195P @ .98
$194P @ .72
$192.50P avg to ..626
$192P avg to ..556
$191P avg to .426
$190P avg to .34
SLV Nov 22 $19C @ .045
SLV Dec 20 $20C @ .047
VXX Oct 31 $37C avg to .70
VXX Oct 31 $35.50C @ .83
VXX Oct 31 $34.50C @ $1.02
Positions with Partials Sales...
BABA Dec 20 $95C @ $2.28 - sold 1/2 @ $4.56 - SOLD 1/4 @ $6.85
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
SHPG Nov 22 $200C @ $3 - sold 1/2 @ $6.30
Trades and Positions...
Trades Since Last Post Underlined...
Closed Trades...
FB Oct 31 $75P @ $1.61 - sold @ $1.32
LNKD $200P @ $1.25 - sold @ $1.075
NFLX Nov 22 $300P @ $1.48 - sold @ .62
PCLN $1110WP @ $3.85 - sold @ $1.45
PCLN Oct 31 $1090P @ $6.60 - sold @ $3.83
VIPS OCT 31 $190P @ $2.45 - sold @ .80
YELP $63P @ .95 - sold @ $4.35
Earnings Plays...
ALGN Nov 22 $55C @ .65
AMZN $335/$350CS @ $1.54 - DEAD
P $21WP @ .82
Open Trades...
AAPL Dec 20 $105C @ $1.495
BIDU - $217.50P @ $1.315
BIDU Oct 31 $215P @ $5.06 - I plan on making spreads on these
FB $77P @ .395
GS Nov 22 $180C @ $3.20
IWM Puts
$110.50P avg to .50
$108WP avg to .14
$108.50WP avg to .22
Oct 31 $107P @ .415
Oct 31 $109.50P @ .95
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MLNX Nov $52.50C avg to .52
MON Jan 17 $125C @ .28
NFLX $355P @ $2.20 - DEAD
NFLX Oct 24 $325P @ .903 - DEAD
RIG Nov 22 $33C @ .40
RIG Nov 22 $35C avg to .233
RIG Jan 17 $37C @ .34
SPY Puts...
$192P avg to .216
$191.50P avg to .15
$193.50P @ .33
$194P @ .43
OCT 31 $192.50P @ .94
Oct 31 $192P @ .83
Oct 31 $191P avg to .675
Oct 31 $190P avg to .55
TLT $122C @ .153 - DEAD
VMW $90/$95CS @ $1.36 - DEAD
VXX $35WC avg to .40
VXX Oct 31 $37C avg to .79
VXX $33.50C @ .53
Positions with Partials Sales...
BABA Dec 20 $95C @ $2.28 - sold 1/2 @ $4.56 - riding balance free
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
stutz
I think we get a quick hard drop to around $188ish. Then I think we head back north. I won't say that if we get serious momentum to the downside that we can't go lower. There are a lot of macro events that could cause a serious drop but I don't think we get that now. Honestly, I think this market should be trading at $170-$175 at the highest but since everything else is in the sh*tter and there is no place to get any returns they will continue to put money into US equities. I would really like to see it test $180 again and bounce from there with a rally into Christmas to test $200 but I don't know if we get that. I could see us staying in the $185-$195 channel into the new year.
Trades and Positions...
Trades Since Last Post Underlined...
Closed Trades...
AAPL $103WC @ .52 - sold @ .89
AAPL $101WC @ $1.03 - sold @ $2.43
AAPL Oct 31 $103C @ .75 - sold @ $1.65
ATK Nov 22 $140C @ .70 - sold @ .96
ANGI $7.50P @ .35 - sold @ .60
BA $125C $1.23 - sold 1/3 @ $2.25 - sold Bal @ $1.50
BABA Nov 22 $92.50C @ $1.84 - sold 1/2 @ $3.75 sold bal @ $4.73
CMG $600/$575PS @ $3.51 - sold @ $1.16
GPRO Oct 31 $85C @ $1.50 - sold @ $3.10
ILMN $170/$175CS @ .88 - sold @ $6.35 - 7+ Bagger
LMT $180/$185CS @ .91 - sold @ .83
TWTR $51WC @ .57 - sold 1/4 @ $1.36 - bal @ $1.11
TWTR $51.50C @ .54 - sold @ .80
TXN $45C @ .39 - sold @ $1.46 - 3.75 Bagger!
VZ $49C @ .12 - sold @ .21
X $35WC @ .59 - sold 1/3 @ $1.93 - sold 1/3 @ $1.63 - sold 1/3 @ $1.25
ER's Plays...(Open)
MLNX Nov $52.50C @ $1.05
VMW $90/$95CS @ $1.36 - DEAD
YELP $63P avg to .95
Non-ER's Plays
AAPL Dec 20 $105C @ $1.495
BIDU - $217.50P avg to $1.315 - I plan on making spreads on these
BIDU Oct 31 $215P avg to $5.06 - I plan on making spreads on these
FB $77P avg to .395
FB Oct 31 $75P avg to $1.61
GS Nov 22 $180C @ $3.20
IWM Puts
$110.50P @ .62
$108WP @ .18
$108.50WP @ .25
Oct 31 $107P @ .485
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
LNKD $200P @ $1.25
MBLY Dec 20 $60C @ $1.85
MON Jan 17 $125C @ .28
NFLX $355P @ $2.20
NFLX Nov 22 $300P avg to $1.48
NFLX Oct 24 $325P @ .903
PCLN $1110WP avg to $3.85 - I will make spreads on these
PCLN Oct 31 $1090P avg to $6.60 - I will make spreads on these
RIG Nov 22 $33C @ .40
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
SPY Puts...
$192P avg to .393
$191.50P avg to .326
Oct 31 $191P avg to .863
Oct 31 $190P avg to .713
TLT $122C avg to .153
VIPS OCT 31 $190P avg to $2.45
VXX $35WC avg to .46
VXX Oct 31 $37C avg to .79
VXX $33.50C @ .53
Positions with Partials Sales...
BABA Dec 20 $95C @ $2.28 - sold 1/2 @ $4.56 - riding balance free
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
I'm still holding ALL my Puts.
that's all I do. I'm not a scalp trader or a day trader. I usually hold my positions from days to weeks
yes a loser
ced
Yes. I think we are near the top and we will see a pullback to the $188ish area.