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Trades and Positions...
Underlined trades since last post...
Closed Trades...
ATK Nov 22 $140C @ .70 - sold @ .96
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
ER's Plays...(Open)
ANGI $7.50P @ .35
CMG $600/$575PS @ $3.51
VMW $90/$95CS @ $1.36
YELP $62P avg to $1.26
Non-ER's Plays
AAPL $103WC @ .52
AAPL $101WC @ $1.03
AAPL Oct 31 $103C @ .75
AAPL Dec 20 $105C @ $1.495
BABA Dec 20 $95C @ $2.28
BIDU - $217.50P @ $1.61 - I plan on making spreads on these
BIDU Oct 31 $215P @ $5.33 - I plan on making spreads on these
FB $77P @ .48
FB Oct 31 $75P @ $1.77
GS Nov 22 $180C @ $3.20
IWM Puts
$108WP @ .245
$108.50WP @ .31
Oct 31 $107P @ .565
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 @ $4.50 - I will make spreads on these
PCLN Oct 31 $1090P @ $7.61 - I will make spreads on these
RIG Nov 22 $33C avg to .40
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
SPY Puts...
$192P @ .52
$191.50P @ .42
Oct 31 $191P @ $1.01
Oct 31 $190P @ .825
TLT $122C @ .23
VIPS OCT 31 $190P @ $3
VXX $35WC @ .52
VXX Oct 31 $37C @ .87
Positions with Partials Sales...
BA $125C $1.23 - sold 1/3 @ $2.25 - holding Bal for ER's
BABA Nov 22 $92.50C @ $1.84 - sold 1/2 @ $3.75
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - sold another 1/3 @ $1.58
X $35WC @ .59 - sold 1/3 @ $1.93 - sold 1/3 @ $1.63
I know some of you sent me messages this past wee which I didn't respond to. I had an issue with my computer. Feel free to resend your questions.
nlightn
Sometimes I just think that a stock will take that long to get to that level. But as the stock continues to move up so will the pricing on the option and if I like the play I am going to jump in. If it gets there quicker than anticipated I have my position and although I lose some premium I am at least in the play. And the fact that they are far out, if the stock pulls back (assuming calls) the options won't move that much. If the option does move down a bit I will avg
Trades and Positions...
Underlined trades since last post...
New Plays From My Watchlist...
ER's Plays
AAPL $101WC @ $1.03
ANGI $7.50P @ .35
BA $125C $1.23
BIIB -Did not Play
CMG $600/$575PS @ $3.51
GPRO Oct 31 $85C @ $1.50
ILMN $170/$175CS @ .88
ISRG - did not play
LMT $180/$185CS @ .91
TXN $45C @ .39
VMW $90/$95CS @ $1.36
VZ $49C @ .12
YELP $62P @ $1.75
Non-ER's Plays
BIDU - looking at Puts ONLY on Strength - did not play yet - but I will soon
TWTR $51WC @ .62
TWTR $51.50C @ .57
X $35WC @ .59
Existing Plays...
AAPL Oct 31 $103C @ .75
AAPL Dec 20 $105C @ $1.495
ATK Nov 22 $140C @ .70
BABA Nov 22 $92.50C @ $1.84
BABA Dec 20 $95C @ $2.28
GS Nov 22 $180C @ $3.20
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MON Jan 17 $125C @ .28
NFLX Nov 22 $300P avg to $2.05
NFLX Oct 24 $325P avg to .903
RIG Nov 22 $33C avg to .40
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
Positions with Partials Sales...
MON Nov 22 $115C @ .47 - sold 1/3 @ $1.41 - riding bal free
My Watchlist...
ER's Plays
AAPL $101WC - for ER's
ANGI $7.50P
BA $125C
BIIB $315/$320 or $325CS
CMG $600/$575PS (if it moves higher, prior I will adjust strikes)
ILMN $170/$175CS
ISRG - possible PS
LMT $180/$185CS
TXN $45C
VMW $95/$99CS
VZ $49C
YELP $62P
Non-ER's Plays
BIDU - looking at Puts ONLY on Strength (above $217)- won't play otherwise
GPRO Oct 31 $82C - (actually ER's Oct 30)
TWTR $51WC
X $35WC
Trades and Positions...
Underlined trades since last post...
New Plays...
GS Nov 22 $180C @ $3.20
NFLX Nov 22 $300P avg to $2.96
NFLX Oct 24 $325P @ $1.79
SPY $185.50C @ $1.02 - sold @ $3.54
VXX $39WP @ .45 - sold @ 1.84
TLT $120.50P @ .07 - EXPIRED
IWM $110C @ .06 - - EXPIRED
Existing Plays...
AAPL Oct 31 $103C @ to .75
AAPL Dec 20 $105C @ to $1.495
ATK Nov 22 $140C @ .70
BABA Nov 22 $92.50C @ $1.84
BABA Dec 20 $95C @ $2.28
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MON Nov 22 $115C @ .47
MON Jan 17 $125C @ .28
RIG Nov 22 $33C avg to .456
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
GPRO $95C @ .74 - EXPIRED
GPRO $100C @ .37 - EXPIRED
SPY $193C @ .73 - EXPIRED
SPY $193.50C @ .56 - EXPIRED
SPY $194.50C @ .34 - EXPIRED
TKMR OCT 18 $25C @ - EXPIRED
UNG $23C @ .06 - EXPIRED
Positions with Partials Sales...
GMCR $125P @ .925 - Sold 2/3 @ $2.36 - Bal expired
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63 - Bal expired
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg - Bal expired
I am hoping for a rally so I can sell the market again and so I could sell some of my Calls at the levels I'm looking for. I think we have found our short term bottom but I am not convinced that the selling is over. I did not like the separation of the SPY and the IWM. This disparity is what kept the VIX/VXX as high as it was Friday. If the IWM went up as much as the SPY the VXX would have broken below $36. This is a little troubling to me. I am hoping that we can get a quick sharp rally and then I think we test $185 and possibly test $182.36 again. If we don't rally first and the market follows IWM then we could test Thursday's low. I called for an ugly October and we are certainly getting it
Trades and Positions...
Underlined trades since last post...
New Plays...
GS Nov 22 $180C @ $3.20
NFLX $325WP @ $2.15 - sold @ $1.28 - 40% Loss
NFLX Nov 22 $300P @ $3.38
SPY $185.50C @ $1.02
VXX $39WP @ .45
Existing Plays...
AAPL Oct 31 $103C avg'd down to .75
AAPL Dec 20 $105C avg'd down to $1.495
ATK Nov 22 $140C @ .70
BABA Nov 22 $92.50C @ $1.84
BABA Dec 20 $95C @ $2.28
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $1.85
MON Nov 22 $115C @ .47
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
GPRO $95C @ .74 - DEAD
GPRO $100C @ .37 - DEAD
SPY $193C @ .73 - DEAD
SPY $193.50C @ .56 - DEAD
SPY $194.50C @ .34 - DEAD
TKMR OCT 18 $25C @ - DEAD
UNG $23C @ .06 - DEAD
Positions with Partials Sales...
GMCR $125P @ .925 - Sold 2/3 @ $2.36 - Bal will expire
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63 - Bal will expire
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg - Bal will expire
NFLX - Now What.....
So those that know me, know that I am a long term BEAR on NFLX (more than almost any other stock). I was holding $275/$250PS and $275/$230PS on NFLX which expired last month (but I had a huge Credit on my spread of over $8 per spread so even though it never got there I made a lot on them) and I was also holding Oct 18 $420P and $410P which I sold in the past week for about a 4-5 bagger (too bad on that huh!!). So now what, now that we are down $115?
NFLX down over $100 and it is still trading at 100x ER's. The US which is the only profitable part of the company has decelerating growth, their expansion overseas is the right move but even the company has conceded that they will not be profitable overseas for years. They are expecting a 44% drop YOY for their next quarter and yet we should pay 100x er's for that privilege.
The last time NFLX ran into trouble the stock dropped 32% before screaming to new highs with the market euphoria. The first time it got slammed it went down 78%!! Like I said when the stock dropped to $310ish last time I felt the stock was worth $200-$225 at best and I still do. Will it get there? I doubt it but I do think we see $250-$275 (which is where I thought it was going to by Sept OPEX). I was a little early but I do think it gets there now (in the next few weeks).
So why has Jefferies (one of the firms that agrees with me on this) upgraded the stock (from underperform to neutral whoopee!)? Why not! They will get credit for a great call on the downside ($300 price target) and they know that it will bounce around these levels (raised PT to $350 easy achievable or close today) and they will look like heroes again. Other reiterations are the desperate moves of battered analysts.
I will be a seller of all rallies in this name so when the IV starts to subside and as the stock bounces a bit (hopefully) I will jump in to Puts or a Put Spread.
I don't tweet my picks. my twitter is @albabynyr
Trades and Positions...
Underlined trades since last post...
New Put Plays...
AMZN created $302.50/$300PS @ $1.69 CREDIT!! - sold PS @ $1.45 with a cost of $1.69 Credit - for an effective sale @ $3.14 - with a zero cost - INFINITY Bagger!!
BIDU created $197.50/$195PS @ $1.14 CREDIT!!- sold PS @ $1.25 with a cost of $1.14 Credit - for an effective sale @ $2.39 - with a zero cost - INFINITY Bagger!!
GOOGL created $545/$530PS @ $4.24 CREDIT!! - sold PS @ $9.45 with a cost of $4.25 Credit - for an effective sale @ $13.69 - with a zero cost - INFINITY Bagger!!
IBM $182.50P @ .74 - sold @ $2.51 - 3.4 Bagger!
IWM Puts
$103P @ .29 - sold 2/3 @ .94 - sold bal @ .90 - 3+ Bagger!
$104P @ .44 - sold 2/3 @ $1.38 - sold bal @ $1.24 - 3+ Bagger!
$105P @ .67 - sold 2/3 @ $1.90 - sold bal @ $1.81 - 2.7 Bagger!
LNKD $190P @ 1.24 - sold @ $2.64 - 2+ Bagger
PCLN created $1025/$1015PS @ $5.34 CREDIT!! - sold PS @ $3.80 with a cost of $5.34 Credit - for an effective sale @ $9.14 - with a zero cost - INFINITY Bagger!!
SPY Puts
$186P @ .695 - sold 2/3 @ $3.46 - 5 Bagger! - sold bal @ $4.13 - 6 Bagger!
$186.50P @ .75 - sold 2/3 @ $2.83 - 3.75 Bagger! - sold bal @ $4.01 - 5.5 Bagger!
$187.50P @ .99 - sold 2/3 @ $3.58 - 3.6 Bagger! - sold bal @ $5.10 - 5+ Bagger!
VIPS $170P @ $1.59 - sold @ $3
X $31.50P @ .47 - sold 1/2 @ .50 - sold bal @ .75
VXX Call Spreads
$39/$42Cs @ .35 CREDIT!! - sold @ $1.95 - effective sale $2.30 with a zero cost basis - INFINITY BAGGER!!!
$40/$42CS @ .64 CREDIT!! - sold @ $1.35 - effective sale $1.99 with a zero cost basis - INFINITY BAGGER!!!
Other Plays...
AAPL Oct 31 $103C avg'd down to .99
AAPL Dec 20 $105C avg'd down to $1.71
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80
avg'd down with new cost (after sale) @ $.70
BABA Nov 22 $92.50C @ $1.84
BABA Dec 20 $95C @ $2.28
GPRO $95C @ .74 - DEAD
GPRO $100C @ .37 - DEAD
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $3 - sold 1/4 @ $6.10 then
avg'd down with new cost (after sale) @ $1.85
MON Nov 22 $115C @ .47
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
SPY $193C @ .73 - DEAD
SPY $193.50C @ .56 - DEAD
SPY $194.50C @ .34 - DEAD
TKMR $25C avg to .62
UNG $23C @ .06 - DEAD
Positions with Partials Sales...
GMCR $125P @ .925 - Sold 2/3 @ $2.36
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg
Trades and Positions...
New Put Plays...
AMZN $302.50P @ $1.76 - created $302.50/$300PS @ $1.69 CREDIT!!
BIDU $197.50P @ $2.86 - created $197.50/$195PS @ $1.14 CREDIT!!
GOOGL $545P @ $10.56 - created $545/$530PS @ $4.24 CREDIT!!
IBM $182.50P @ .74 - sold @ $2.51 - 3.4 Bagger!
IWM Puts
$103P @ .29 - sold 2/3 @ .94 - 3+ Bagger!
$104P @ .44 - sold 2/3 @ $1.38 - 3+ Bagger!
$105P @ .67 - sold 2/3 @ $1.90 - 2.8 Bagger!
LNKD $190P @ 1.24 - sold @ $2.64 - 2+ Bagger
PCLN $1025P @ $5.78 - created $1025/$1015PS @ $5.34 CREDIT!!
SPY Puts
$186P @ .695 - sold 2/3 @ $3.46 - 5 Bagger!
$186.50P @ .75 - sold 2/3 @ $2.83 - 3.75 Bagger!
$187.50P @ .99 - sold 2/3 @ $3.58 - 3.6 Bagger!
VIPS $170P @ $1.59 - sold @ $3
X $31.50P @ .47 - sold 1/2 @ .50
VXX Call Spreads
$39/$42Cs @ .35 CREDIT!! - sold @ $1.95 - effective sale $2.30 with a zero cost basis - INFINITY BAGGER!!!
$40/$42CS @ .64 CREDIT!! - sold @ $1.35 - effective sale $1.99 with a zero cost basis - INFINITY BAGGER!!!
Other Plays...(nothing changed)
AAPL Oct 31 $103C @ $1.345
AAPL Dec 20 $105C @ $1.96
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80
avg'd down with new cost (after sale) @ $.70
BABA Nov 22 $92.50C @ $1.84
BABA Dec 20 $95C @ $2.28
GPRO $95C @ .74 - DEAD
GPRO $100C @ .37 - DEAD
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $3 - sold 1/4 @ $6.10 then
avg'd down with new cost (after sale) @ $1.85
MON Nov 22 $115C @ .47
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
SPY $193C @ .73 - DEAD
SPY $193.50C @ .56 - DEAD
SPY $194.50C @ .34 - DEAD
TKMR $25C avg to .62
UNG $23C @ .06 - DEAD
Positions with Partials Sales...
GMCR $125P @ .925 - Sold 2/3 @ $2.36
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg
Trades and Positions...
New Put Plays...
AMZN $302.50P @ $1.76
BIDU $197.50P @ $2.86
GOOGL $545P @ $10.56
IBM $182.50P @ .74
IWM Puts
$103P @ .29
$104P @ .44
$105P @ .67
LNKD $190P @ 1.24
PCLN $1025P @ $5.78
SPY Puts
$186P @ .695
$186.50P @ .75
$187.50P @ .99
VIPS $170P @ $1.59
X $31.50P @ .47
VXX Call Spreads
$39/$42Cs @ .35 CREDIT!!
$40/$42CS @ .64 CREDIT!!
Trades and Avg's...
AAPL Oct 31 $103C avg to $1.345
AAPL Dec 20 $105C avg to $1.96
BABA Nov 22 $92.50C avg to $1.84
BABA Dec 20 $95C avg to $2.28
AIG $51C @ .36 - sold @ .37
AIG $51.50C @ .25 - sold @ .19
BITA $80C @ .26 - sold @ .15
FB OCT 31 $80C @ $1.20 - sold @ $1.27
IWM Calls
$106C @ .92 - sold @ $1.43
$107C @ .57 - sold @ .95
$108C @ .32 - sold @ .55
Other Positions...
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80
avg'd down with new cost (after sale) @ $.70
GPRO $95C @ .74 - DEAD
GPRO $100C @ .37 - DEAD
KBH Jan 20 $20C @ $1.75
LOCO Dec 20 $40C @ .75
LOCO Dec 20 $45C @ .40
MBLY Dec 20 $60C @ $3 - sold 1/4 @ $6.10 then
avg'd down with new cost (after sale) @ $1.85
MON Nov 22 $115C @ .47
MON Jan 17 $125C @ .28
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C @ .30
RIG Jan 17 $37C @ .34
SPY $193C @ .73 - DEAD
SPY $193.50C @ .56 - DEAD
SPY $194.50C @ .34 - DEAD
TKMR $25C avg to .62
UNG $23C @ .06 - DEAD
Positions with Partials Sales...
GMCR $125P @ .925 - Sold 2/3 @ $2.36
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg
DEAD....
I made a play
I was wrong
I got HAMMERED!!
AMZN 320C @ $1.50 - sold @ $1.14
APC $97.50C @ $1.85 - sold @ $1.51
BIDU $210C @ $2.25 - sold @ $2
BIDU $212.50C @ $1.59 - sold @ $1.50
CMG $670C @ $2.44 - sold @ $1.88
GOOGL $575C @ $6 - sold @ $4.90
IBM $190C @ .56 - sold @ .42
LNKD $202.50C @ $1.12 - sold @ .755
PCLN $$1105C @ $4.65 - $2.30
PCLN $1120C @ $2.45 - sold @ $1.05
QIHU $65C @ $1.25 - sold @ .75
TWTR $52.50C @ .84 - sold @ .45
TWTR $54C @ .51 - sold @ .23
TWTR $55C @ .37 - sold @ .18
VIPS $190C @ $1.90 - sold @ $1.50
VIPS $195C @ $1 - sold @ $1
X $35C @ .32 - sold @ .24
Still holding SPY and IWM just in case
Trades and Positions...
(excluding new Call positions)
Closed Positions...
IWM Oct 10 $106P @ .20 - sold @ $1.33
IWM Oct 10 $105P @ .096 - sold @ .42
Oct 18 IWM Puts
$105P @ .36 - sold 2/3 @ $1.02 - sold 1/3 @ $1.42
$106P @ .51 - sold 2/3 @ $1.40 - sold 1/3 @ $1.96
$107P @ .70 - sold 2/3 @ $1.97 - sold 1/3 @ $2.52
Oct 10 SPY Puts
$193P @ .58 - sold @ $1.61
$192.50P @ .31 - sold @ $1.95
$191.50P @ .22 - sold @ $1.07
Oct 18 SPY Puts
$193.50P @ .77 - sold 2/3 @ $1.84 - sold 1/3 @ $3.19
$192.50P @ .633 - sold 2/3 @ $1.50 - sold 1/3 @ $2.095
SPY $194/$192 Strangle @ .93 - sold @ $1.70
SPY $196.50C @ .43 - expired
NFLX $447.50P @ $1.02 - sold 1/2 @ $2.29 -bal EXPIRED
NFLX $472.50C @ .93 - EXPIRED
USO Nov 22 $33.50P @ .45 - sold 1/2 @ $1 - sold 1/4 @ $1.46 - sold bal @ $2.11
USO Nov 22 $34P @ .54 - sold 1/2 @ $1.23 - sold 1/4 @ $1.75 - sold bal @ $2.40
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
GMCR Oct 18 $125P @ .925 - sold 2/3 @ $2.36
GS Oct 18 $185C @ $1.446 - sold 3/4 @ $4.63
GS Oct 18 $190C @ .64 - sold 3/4 @ $2.105 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
MBLY Dec 20 $60C @ $3 - sold 1/4 @ $6.10
Open Positions - No Sales Yet
AAPL Oct 31 $103C avg to $1.49
AAPL Dec 20 $105C avg to $2.07
BABA Dec 20 $95C avg to $2.84
BABA Nov 22 $92.50C avg to $2.32
BITA Oct 18 $80C avg to .263
GLD Dec $20 avg to $1.04
GPRO Oct 18 $95C avg to .74
GPRO Oct 18 $100C avg to .37
KBH Jan 17 $20C @ $1.75
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .1825 - dead
MON Nov 22 $115C avg to .47
MON Jan 17 $125C avg to .28
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C avg to .30
RIG Jan 17 $37C @ .34
SLV Nov 22 $19C avg to .075
SLV Dec 20 $20C avg to .08
TKMR Oct 18 $25C avg to .693
UNG Oct 18 $23C avg to .06
My Call Plays for the Bounce...
So if you read my previous posts you know that I was looking for a washout down to $190.50 on SPY. My plan was to then jump into a bunch of Calls for what I believe will be a bounce to between $194-$195. Below are the Calls (and VXX Puts) I jumped in. It could go a bit lower before bouncing and if that is the case I will buy more.
This is just a bounce play for me to take advantage of the swings. I ultimately think we will test $185-$187 - with an outside chance of even getting to $180. So after the bounce I will do the same thing. I will set up a page with a separate watch list and prepare for the drop by setting up my Put plays.
See below for my Calls:
My Plan and My Execution....
(and a bit of advice that I hope might help)
For those that follow me you know that I am basically a Bear. But you also know I play both sides. Luckily, I have been right with my call on the market since the beginning of the summer. I've sold the rallies and bought the bottoms. My most recent calls were to buy Calls a week before BABA IPO with the plan to sell a couple of days after BABA day as I thought that we be the top of the market. As BABA day rolled around I sold all of my Calls. I was going to wait until Monday or Tuesday after that but the market told me that it was time to buy Puts that Friday and not to wait. So I adjusted my plan (very important that you can adapt to market conditions) and I jumped into a boatload of puts. My call was for the market to test $192ish with a chance at $190 and to bounce to $195-$197 (depending on where it turned. I sold all of my Puts when SPY broke $192.90 to the downside and I was going to wait to see if it broke $192. If it broke I was going to play more Puts an d if it held I was going to jump into Calls for the bounce. Well it turned so hard so fast at $193.36 that I didn't jump into Calls. I still thought it needed to test $192.
So that was play #1 I missed.
So when we got that huge spike that day I mentioned that I was looking for a Gap up the next morning and that I was going to jump into puts in a big way. I had bought a few calls as well for the ride. Well it didn't Gap up and came down pretty good. I didn't get the chance to sell the market again (Missed play #2). I don't like to miss plays that I have planned for so my next play was to watch $195. To me that was a major Level. It if held and bounced I figured I'd get the chance to jump into Puts at $197 but if it broke I was gonna jump into a boatload of Puts when it broke $195. Well it broke $195 and the market tanked. I did very well on the Puts and I got out of all of them when SPY broke $192.90.
When I jumped into the Puts I had laid out to the Chat room my plan. I thought the market was not only going to test $192.36 again but that it would ultimately fail and then test $190 - $190.50. My plan was that when SPY broke $191 to the downside that I was going to jump into Calls in a big way for a bounce to $194-$195. That is what I did. In the last 12 minutes of the day Friday I jumped into a ton of Calls (plays will be posted on a separate post). BTW I think after this bounce we will test $185-$188 with a possibility that we even test the $180 level.
So why am I telling you this? I'm not doing this to brag but to try and explain the importance of having a plan. I will now cut and paste posts I made to the chat room yesterday so it can hopefully help out some traders and make them better....
2014-10-10 07:31:23 AM retiredmm I have very opinions on the market and I have outlined to you over the past few weeks.
2014-10-10 07:32:20 AM retiredmm Well I think we will be seeing $190-$190.50 (probably today) with a hard quick bounce to $195ish
2014-10-10 07:32:36 AM retiredmm So what does that mean to me?
2014-10-10 07:32:59 AM retiredmm It means I should do my homework and prepare for my next set of plays
2014-10-10 07:33:48 AM retiredmm So last night before and after the NY Rangers game (BTW Let's Go Rangers!!) i planned and set up my next set of plays
2014-10-10 07:35:00 AM retiredmm Trading is not about 9:30 -4:00 it is about the time after that. It is about planning your strategy and then implementing it during hours
2014-10-10 07:36:43 AM retiredmm So knowing what my thesis is I developed my plan. I set up a new screen (i can have 4 separate screens in etrade) and I set one up just for my bounce plays for when the market breaks $191
2014-10-10 07:38:52 AM retiredmm This screen has a watchlist but it also has multiple market depth screens with diff stocks/ETF's set up on each one with order entry screens set up to press a button to execute when i'm ready
2014-10-10 07:40:46 AM retiredmm When the market reaches near my levels I will start making my first dips into buying calls. If we get the flush early I will be getting today OPEX calls near the closing prices from yesterday and I will be getting higher ones for next week.
2014-10-10 07:41:57 AM retiredmm So I did my homework and I have identified the stocks that I feel are ripe for a bounce and i identified the levels where i think they will bounce to
2014-10-10 07:43:11 AM retiredmm The point i'm trying to make here is that the real work isn't done during market hours but after market hours. The execution part comes during market hours.
2014-10-10 07:43:55 AM retiredmm It's like a football game. You game plan all week. You make the moves necessary to be able to succeed gametime
2014-10-10 07:44:19 AM retiredmm then of course you have to execute during the day
2014-10-10 07:46:00 AM retiredmm So now I have my plan. if the market does what I think today then i will execute, if it doesn't then my game plan has to change. I will not force it. I will stick to my plan. If the market doesn't flush today then the plan gets put on hold because my thesis isn't changing yet.
2014-10-10 07:52:59 AM retiredmm So right now the market can't make up it's mind. If we have an up day today I will continue to be a seller. If it goes down marginally I will wait and do nothing new (just stick with what I have). I think we will flush, I think we will bounce hard and then I think we fall again and then go into the $185-$187 area. Remember, I've been calling for an Ugly October.
2014-10-10 07:53:38 AM retiredmm So if we flush, I execute the plan, if we rally, I'm a seller, if no big moves I do nothing
2014-10-10 07:55:53 AM retiredmm Remember all..... Plan Plan Plan.... Set yourself up to Execute and.... if your thesis is correct execute the plan.
2014-10-10 07:57:21 AM retiredmm Don't execute the plan if your thesis doesn't hold (don't just jump in and buy because market is turning earlier than you thought because the majority of times it will cost you and big)
Yes. I wouldn't be surprised if it was today or the beginning of next week
thx dude
All Current Positions...
Closed Positions...
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35 - sold 1/4 @ $6.93 - sold Bal @ $1.49
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50 - sold 1/4 @ $9.45 - sold bal @ $2.30
TKMR Oct $27.50C avg to $1.125 - sold 2/3 @ $3.10 avg- sold bal @ $1.80
BIDU $210P @ .745 - sold @ $1.10 avg
CMG $660P @ $1.92 - sold @ $3.09
GOOGL $575P @ $1.43 - sold @ $5.60
IWM Puts
$107.50P @ .37 -sold @ $1.34
$108P @ .465 - sold @ $1.64
$109P @ .74 - sold @ $2.355
LNKD $205P @ $1.44 - sold @ $3.90
SPY Puts
$194.50P @ .46 - sold @ $1.73
$195P @ .69 - sold @ $2.06
$195.50P @ .64 - sold @ $2.395
TWTR $52P @ .375 - sold @ .53
VXX $31C @ .35 - sold @ $1.01
VXX $32C @ .236 - sold @ .66
ISRG $460P @ $2.20 - sold @ $1.37
CRR Nov $70C @ $2.17 - sold @ .95 - 56% Loss
IBM $185P @ .46 - sold @ .22
PCLN $1090P @ $3.90 - sold @ $1.41
SPY $195P @ .56 - sold @ .32
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50 - sold 1/3 @ $2.21 - leaves 1/3
GPRO Oct 10 $95C @ .775 - sold half @ $4.30
GPRO Oct 10 $100C @ $1.01 - sold 1/2 @ $3.45 - leaves 1/2
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395 - sold 1/4 @ $5.10
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg - sold 1/4 @ $2.15
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
Oct 18 IWM Puts
$105P @ .36 - sold 2/3 @ $1.02
$106P @ .51 - sold 2/3 @ $1.40
$107P @ .70 - sold 2/3 @ $1.97
NFLX $447.50P @ $1.02 - sold 1/2 @ $2.29 - bal will expire
Oct 18 SPY Puts
$193.50P @ .77 - sold 2/3@ $1.84
$192.50P @ .633 - sold 2/3 @ $1.50
USO Nov 22 $33.50P @ .45 - sold 1/2 @ $1 - sold 1/4 @ $1.46
USO Nov 22 $34P @ .54 - sold 1/2 @ $1.23 - sold 1/4 @ $1.75
Open Positions - No Sales Yet (all Calls)
AAPL Oct 31 $103C avg to $1.49
AAPL Dec 20 $105C avg to $2.07
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
BITA Oct 18 $80C avg to .39
GLD Dec $20 avg to $1.14
GPRO Oct 18 $95C @ $2.18
KBH Jan 17 $20C @ $1.75
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MBLY Dec 20 $60C @ $3
MON Oct $120C avg to .1825
MON Jan 17 $125C @ .30
MON Nov 22 $115C @ .64
NFLX $472.50C @ $1.23
RIG Nov 22 $33C @ .61
RIG Nov 22 $35C @ .40
RIG Jan 17 $37C @ .34
SLV Nov 22 $19C avg to .075
SLV Dec 20 $20C avg to .08
TKMR Oct 18 $25C @ .875
UNG Oct 18 $23C avg to .12
I hope you banked BIG!!.
jim1234
TWTR has been holding up quite nicely (much to my dismay) but this is definetely not the flush I am looking for. I see $192 (SPY) in the next couple of days with a possibility (probability) of $190 by early next week if not sooner. I see a bounce to $194 - $195 and then it could go either way. If that was the flush we are headed higher but if not I could see it going to $185-$187. I am still leaning towards the latter but it's too far away to tell at this point.
All Current Positions...
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50 - sold 1/3 @ $2.21 - leaves 1/3
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395 - sold 1/4 @ $5.10
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg - sold 1/4 @ $2.15
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35 - sold 1/4 @ $6.93
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50 - sold 1/4 @ $9.45
USO Nov 22 $33.50P @ .45 - sold 1/2 @ $1
USO Nov 22 $34P @ .54 - sold 1/2 @ $1.23
TKMR Oct $27.50C avg to $1.125 - sold 2/3 @ $3.10 avg
Open Positions - No Sales Yet (all Calls)
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
CRR Nov $70C @ $2.17
GPRO Oct 10 $95C @ .775
GPRO Oct 10 $100C @ $1.01
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
UNG Oct 18 $23C @ .17
NEW TRADES From Friday...
(all Puts except VXX)
all oct 10 unless specified
BIDU $210P @ $1.04
FB $75P @ .28
GOOGL $575P @ $1.43
ISRG $460P @ $2.20
IWM Puts
$107.50P @ .42
$109P @ .795
Oct 18's
$105P @ .40
$106P @ .545
$107P @ .745
LNKD $205P @ $1.44
NFLX $447.50P @ $1.465
SPY Puts
$194.50P @ .67
$195.50P @ .93
Oct 18
$193.50P @ .975
$192.50P @ .795
TWTR $52P @ .40
VXX $31C @ .57
VXX $32C @ .41
Trades... New Positions (Re-Post)
all oct 10 unless specified
BIDU $210P @ $1.04
FB $75P @ .28
GOOGL $575P @ $1.43
ISRG $460P @ $2.20
IWM Puts
$107.50P @ .42
$109P @ .795
Oct 18's
$105P @ .40
$106P @ .545
$107P @ .745
LNKD $205P @ $1.44
NFLX $447.50P @ $1.465
SPY Puts
$194.50P @ .67
$195.50P @ .93
Oct 18
$193.50P @ .975
$192.50P @ .795
TWTR $52P @ .40
VXX $31C @ .57
VXX $32C @ .41
Other Trades from previous positions on a different post
Positions and Trades... (from last week)
Underlined trades since last post...
Closed Trades...
AMZN Oct 3 $317.50P avg to $1.633 - sold @ $3.04
GPRO $90WP @ $2.05 - sold 2/3 @ $4.15 - sold Bal @ $3
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85 - sold bal @ $3.40
NFLX $440P avg to .866 - sold @ $2.76
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99 - sold bal @ $8.93 avg
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33 - sold 2/3 @ $3
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40 - sold bal @ $2.50
YHOO Oct 18 $38P avg to .273 - sold @ .28
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15 - sold another 1/2 @ $5.075 - sold bal @ $6.30
IWM Oct 3 $110P @ .66 - sold 3/4 @ $2.063 - sold bal @ $2.45
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42 - sold 1/4 @ $2.50 - sold bal @ $4.33
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67 - sold 1/3 @ $2.59 - sold bal @ $2.95
IWM $107WP @ .40 - sold @ .66
IWM Oct 10 $106.50P @ .79 - sold @ $1.05
PCLN Oct 18 $1050P @ $1.05 - sold @ $4.80
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06 - sold 1/4 @ $3.03 - sold bal @ $3.48
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80 - sold 1/4 @ $2.54 - sold bal @ $3.18
SPY Oct 3 $197P @ .82 - sold 2/3 @ $2.20 avg - sold bal @ $4.25
SPY Oct 3 $196P @ .78 - sold 2/3 @ $2.18 - sold Bal @ $3.30
VXX $30C @ .72 - sold 1/3 @ $1.64 - sold 1/3 @ 2.30 - sold bal @ $2.37
HLF Oct 3 $42P @ .776 - sold @ .28
PCLN $1125P @ $4.85 - sold @ $3.30
Fridays Closed Trades...[/b]
AAPL Oct 3 $100C @ .47 - expired
NFLX $435P @ $1.255 - sold 1/2 @ $2.30 - bal expired - small loss
PCLN $1160C @ .765 - expired
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50 - sold 1/3 @ $2.21 - leaves 1/3
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395 - sold 1/4 @ $5.10
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg - sold 1/4 @ $2.15
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35 - sold 1/4 @ $6.93
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50 - sold 1/4 @ $9.45
USO Nov 22 $33.50P @ .45 - sold 1/2 @ $1
USO Nov 22 $34P @ .54 - sold 1/2 @ $1.23
TKMR Oct $27.50C avg to $1.125 - sold 2/3 @ $3.10 avg
Open Positions - No Sales Yet
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
CRR Nov $70C @ $2.17
GPRO Oct 10 $95C @ .775
GPRO Oct 10 $100C @ $1.01
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
UNG Oct 18 $23C @ .17
New Put Positions Posted earlier on another post
OM Chatroom vs OM ihub Board
Hello all. Many of you here know who I am or know of me. I was a NASDAQ MM for 20 years and I have been trading for my own account for another 12+ years. I have traded options exclusively for the past 3 years or so. I do INVEST in stocks but I trade options. And I want to state for the record that I have absolutely NO FINANCIAL INTEREST in either site although you could say that I am considered a moderator in Chat.
I have noticed that there has been a severe decrease in the amount of posts on this board (as it used to be in the top 3 of all boards posted on, on ihub)and a tremendous increase in the posts in the OM Chatroom. That is not a bad thing, it is absolutely a good thing. That is because many who come to this board will try the free trial in Chat and they like it so much that they stay. In the past 3-4 years that i've been in Chat the dynamics of the room has changed dramatically. There used to be a handful of experienced traders that did pretty well who would give ideas and mentor and teach the inexperienced. They basically were responsible for the bulk of the money made in Chat. But as the years went by this has changed dramatically. In some cases the student became the teacher after absorbing all that was taught them and by developing their own trading "personality". The room probably went from a half dozen seasoned moneymakers to few dozen. That doesn't mean that only a few dozen make money but there a a few dozen who many people will follow. That is hundreds of ideas a week if not more.
The Chatroom has different types of traders with different styles, for example, I am a contrarian and a market Bear with the market at these levels. I am usually early in my plays but I do that on purpose. I usually leg into trades (meaning I buy in multiple lots) and I scale out of positions as well. I will trade ranges and I will play both sides of the market looking to catch the levels. JB is the ultimate Home Run hitter who swings for the fences and and when he gets a hold of one it's like a NASA moonshot with his returns exceeding 100 baggers. UPB is just a good solid all around trader, Lee is the master of Spreads (which I play a lot as well) along with a whole bunch of others that have their specialties. I could go on and on about the peeps in the room but you should check it out yourself.
Mikey is always on the Mic explaining the market and the subtleties of trading options. Lee is on the Mic and doing video chats explaining Spreads, JB and UPB hit the Mic with market commentary and ideas (as well as having a live twitter feed with their ideas for members). Is everyone successful? No way. That is just not how the market works. Some people lose too much too quickly because they don't learn the correct way to trade options. It's not for everyone. But if you are serious about trading options and you are willing to put in the work to be successful, I think you owe it to yourself to to take the free trial and even a month or two longer to say that you really gave it a shot and you are willing to make the investment to better your market trading future.
retiredMM.
Trades... New Positions
all oct 10 unless specified
BIDU $210P @ $1.04
FB $75P @ .28
GOOGL $575P @ $1.43
ISRG $460P @ $2.20
IWM's
$107.50P @ .42
$109P @ .795
Oct 18's
$105P @ .40
$106P @ .545
$107P @ .745
LNKD $205P @ $1.44
NFLX $447.50P @ $1.465
SPY Puts
$194.50P @ .67
$195.50P @ .93
Oct 18
$193.50P @ .975
$192.50P @ .795
TWTR $52P @ .40
VXX $31C @ .57
VXX $32C @ .41
Other Trades from previous positions on a different post
So What Now??
As I have basically sold all of my Puts over the past couple of days I have reached a crossroads. I had later dated Puts but I sold them as SPY has reached my target a little sooner than expected. After going into a mini slump around the beginning of the summer I have come back with a vengeance. I have played the upside and the downside (mostly downside) and my timing has been pretty good. I've made the right plays on sell-offs and bounces and I have had the levels pretty good too. BABA day (as I like to refer to it was the day I sold the balance of my Calls and jumped big time into Puts. I had OPEX dates from Sept 26 all the way out til Oct 25 BUT.... now that the market has taken a nosedive over the past week and has reached my levels quicker than anticipated it prompted me to sell all but a handful of my Puts and had left me without direction. I entered into some Calls the past few days but those plays were not market related but stock specific. So today when the SPY hit the $192's (which was my target) I sold the balance of my puts. I wasn't ready to get into market related Calls yet and I found myself in an unusual position. What is my take now?
What is my take? Where is the market heading? Was this capitulation selling and the start of a rally to new highs? I am in what I consider to be No Man's Land here. Should I just ride my Calls and hope for the best before I make my thesis? Yeah. That's what I'll do. Then I got on the train for my ride home and I started to do some homework. Then I came home and did some more. And what did I find? The more I looked the more I saw the same thing. Today was NOT capitulation. Today was not a a harbinger of a rally to new highs. Today was exactly what it was... It was a shakeout that got some weak hands out of the market BUT... (IMO) it was not the end of the selling by any stretch of the imagination. There was a spike in volume at the low but not overwhelming volume. As a matter of fact today was not an unusual volume day at all. It was slightly higher than the 10 day avg but the largest volume by far today was not at the lows, it was in the last minute of trading (almost 7 times larger) where the market ended on a downtick of .22 on the SPY.
Capitulation is where you see a massive amount of volume on the low point of the day and huge volume continuing on the uptrend cleaning out the sellers. Volume on the spike was moderate at best. What you also usually see is a massive reversal. Capitulation is usually when the market gets hit huge (pretty big today) followed not only closing green but closing up pretty massively. I've seen capitulation days where the market was down 250+ points only to end up 200+ points (that is real capitulation!). We did see a nice reversal but you didn't see it solidly green. The markets were all basically flat on the day. So what does that tell me...
It tells me I am still a seller and I think we test the lows and we will probably end up testing $190 SPY (1900 SPX). I am hoping for a bit of a rally here so it will help my Calls go up, but mostly because I once again want to load up on Puts. As I've said, I think it will be an ugly October (although I didn't expect it so much in the first 2 days) but after what I hope is a little rally here (not even sold on that though) I will then lay into the market hard again but this time I will buy closer dated Puts as I think we will have sharp down days again so I can get better returns if I'm right.
So I'm hoping for a bit of a rally so me and my playas can make some green on our Calls and then to take a line from one of my favorite movies....
SELL MORTIMER SELL!!!
The OM chat room. See the sticky on top where Mikey invites you to it
allen11
I bought it on the gap up on Tuesday morning over $95 and sold some on Tuesday and some yesterday and then I reversed and bought calls and then avg'd down on them today.
In the chatroom I telegraphed what I was going to do. On monday I told the room that I would sell the Gap up in the morning near $95 and I was looking for a pullback to the $85-$87 range - When it got down in the $88's I sold a bunch and I was looking for it to test $87 but it couldn't break $90 again in a meaningful way so when it got to $90 I sold the Puts and bought Calls. Then today I avg'd down twice and my current cost is right around where it closed
Dtgoody
thanks!
Feel free to join me. the more the merrier. Just remember I am usually a little early on the majority of my plays as I like to scale in and out of positions.
ced
I think it is a good play
Positions and Trades... Another CRAZY DAY!!
Underlined trades since last post...
Closed Trades...
AMZN Oct 3 $317.50P avg to $1.633 - sold @ $3.04
GPRO $90WP @ $2.05 - sold 2/3 @ $4.15 - sold Bal @ $3
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85 - sold bal @ $3.40
NFLX $440P avg to .866 - sold @ $2.76
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99 - sold bal @ $8.93 avg
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33 - sold 2/3 @ $3
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40 - sold bal @ $2.50
YHOO Oct 18 $38P avg to .273 - sold @ .28
Todays Closed Trades...
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15 - sold another 1/2 @ $5.075 - sold bal @ $6.30
IWM Oct 3 $110P @ .66 - sold 3/4 @ $2.063 - sold bal @ $2.45
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42 - sold 1/4 @ $2.50 - sold bal @ $4.33
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67 - sold 1/3 @ $2.59 - sold bal @ $2.95
IWM $107WP @ .40 - sold @ .66
IWM Oct 10 $106.50P @ .79 - sold @ $1.05
PCLN Oct 18 $1050P @ $1.05 - sold @ $4.80
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06 - sold 1/4 @ $3.03 - sold bal @ $3.48
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80 - sold 1/4 @ $2.54 - sold bal @ $3.18
SPY Oct 3 $197P @ .82 - sold 2/3 @ $2.20 avg - sold bal @ $4.25
SPY Oct 3 $196P @ .78 - sold 2/3 @ $2.18 - sold Bal @ $3.30
VXX $30C @ .72 - sold 1/3 @ $1.64 - sold 1/3 @ 2.30 - sold bal @ $2.37
HLF Oct 3 $42P @ .776 - sold @ .28
PCLN $1125P @ $4.85 - sold @ $3.30
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50 - sold 1/3 @ $2.21 - leaves 1/3
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35 - sold 1/4 @ $6.93
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50 - sold 1/4 @ $9.45
NFLX $435P @ $1.255 - sold 1/2 @ $2.30
USO Nov 22 $33.50P @ .45 - sold 1/2 @ $1
USO Nov 22 $34P @ .54 - sold 1/2 @ $1.23
Open Positions - No Sales Yet
AAPL Oct 3 $100C @ .47
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
CRR Nov $70C @ $2.17
GPRO Oct 10 $95C @ .775
GPRO Oct 10 $100C @ $1.01
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
TKMR Oct $27.50C avg to $1.125
UNG Oct 18 $23C @ .17
CED
Only on certain stocks.
I AM NOT BULLISH YET!
I am looking for $192-$190 on SPY before we see reversal.
I think it will bounce hard off of those levels to $195-$197. After that I'm not sure if we consolidate and move higher or...
I wouldn't be surprised if wave 2 of selling comes in and we see $185 SPY
Positions and Trades... CRAZY CRAZY DAY!!
Underlined trades since last post...
Closed Trades...
AMZN Oct 3 $317.50P avg to $1.633 - sold @ $3.04
GPRO $90WP @ $2.05 - sold 2/3 @ $4.15 - sold Bal @ $3
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85 - sold bal @ $3.40
NFLX $440P avg to .866 - sold @ $2.76
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99 - sold bal @ $8.93 avg
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33 - sold 2/3 @ $3
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40 - sold bal @ $2.50
YHOO Oct 18 $38P avg to .273 - sold @ .28
Open Trades w/Partial Sales
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15 - sold another 1/2 @ $5.075 - leaves 1/4
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
IWM Oct 3 $110P @ .66 - sold 3/4 @ $2.063 - leaves 1/4
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42 - sold 1/4 @ $2.50
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67 - sold 1/3 @ $2.59 - leaves 1/3
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06 - sold 1/4 @ $3.03 - leaves 42%
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80 - sold 1/4 @ $2.54 - leaves 42%
SPY Oct 3 $197P @ .82 - sold 2/3 @ $2.20 avg - leaves 1/3
SPY Oct 3 $196P @ .78 - sold 2/3 @ $2.18 - leaves 1/3
VXX $30C @ .72 - sold 1/3 @ $1.64 - sold 1/3 @ 2.30
Open Positions - No Sales Yet
AAPL Oct 3 $100C avg to .47
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
CRR Nov $70C @ $2.17
GPRO Oct 10 $95C @ $2.15
GPRO Oct 10 $100C @ $1.72
HLF Oct 3 $42P @ .776
IWM $107WP @ .47
IWM Oct 10 $106.50P @ .79
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
NFLX $435P @ $1.63
PCLN $1125P @ $4.85
PCLN Oct 18 $1050P @ $1.05
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
TKMR Oct $27.50C @ $1.45
UNG Oct 18 $23C @ .17
USO Nov 22 $33.50P @ .45
USO Nov 22 $34P @ .54
Positions and Trades... CRAZY CRAZY DAY!!
Underlined trades since last post...
AAPL Oct 3 $100C avg to .47
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
AMZN Oct 3 $317.50P avg to $1.633 - sold @ $3.04
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15 - sold another 1/2 @ $5.075 - leaves 1/4
CRR Nov $70C @ $2.17
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50
GPRO $90WP @ $2.05 - sold 2/3 @ $4.15 - sold Bal @ $3
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
HLF Oct 3 $42P @ .776
IWM Oct 3 $110P @ .66 - sold 3/4 @ $2.063 - leaves 1/4
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42 - sold 1/4 @ $2.50
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85 - sold bal @ $3.40
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67 - sold 1/3 @ $2.59 - leaves 1/3
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85 - sold 1/4 @ $6.35
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055 - sold 1/4 @ $9.50
NFLX $440P avg to .866 - sold @ $2.76
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99 - sold bal @ $8.93 avg
PCLN Oct 18 $1050P @ $1.05
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33 - sold 2/3 @ $3
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06 - sold 1/4 @ $3.03 - leaves 42%
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80 - sold 1/4 @ $2.54 - leaves 42%
SPY Oct 3 $197P @ .82 - sold 2/3 @ $2.20 avg - leaves 1/3
SPY Oct 3 $196P @ .78 - sold 2/3 @ $2.18 - leaves 1/3
UNG Oct 18 $23C @ .17
USO Nov 22 $33.50P @ .45
USO Nov 22 $34P @ .54
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40 - sold bal @ $2.50
VXX $30C @ .72 - sold 1/3 @ $1.64 - sold 1/3 @ 2.30
YHOO Oct 18 $38P avg to .273 - sold @ .28
New Positions...
BABA Dec 20 $95C @ $3.325
BABA Nov 22 $92.50C @ $2.58
GPRO Oct 10 $95C @ $2.15
GPRO Oct 10 $100C @ $1.72
IWM $107WP @ .47
IWM Oct 10 $106.50P @ .79
NFLX $435P @ $1.63
PCLN $1125P @ $4.85
TKMR Oct $27.50C @ $1.45
Positions and Trades...
Underlined trades since last post...
AAPL Oct 3 $100C @ .72
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
AMZN Oct 3 $317.50P avg to $1.633
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15
BITA Oct 18 $75P @ $2.35 - Sold @ 3.55 avg
CRR Nov $70C avg to $2.17
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50
GPRO $90WP @ $2.05 - sold 2/3 @ $4.15
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
HLF Oct 3 $42P avg to .776
IWM Oct 3 $110P @ .66
IWM Sep 30 $112P @ .59 - sold 1/4 @ $1.68 - sold 1/2 @ $2.11 - sold Bal @ $2.20
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42 - sold 1/4 @ $2.50
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
LOCO Dec 20 $45C @ .75
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055
NFLX $440P avg to .866
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99
PCLN Oct 18 $1050P @ $1.05
SLV Nov 22 $19C @ .10
SLV Dec 20 $20C @ .105
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80
SPY Oct 3 $197P @ .82
SPY Oct 3 $196P @ .78
UNG Oct 18 $23C @ .17
USO Nov 22 $33.50P @ .45
USO Nov 22 $34P @ .54
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40
VXX $30C @ .72 - sold 1/3 @ $1.64
YHOO Oct 18 $38P avg to .273
yes. yesterday
Positions and Trades...
Underlined trades since last post...
AAPL Oct 3 $100C @ .72
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
AMZN Oct 3 $317.50P avg to $1.94
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15
BITA Oct 18 $75P @ $2.35 - Sold 1/3 @ $4.80
CRR Nov $70C @ $2.54
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
HLF Oct 3 $42P avg to .776
IWM Oct 3 $110P @ .66
IWM Sep 30 $112P @ .59 - sold 1/4 @ $1.68 - sold 1/2 @ $2.11
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67
KBH Jan 17 $20C @ .175
LOCO Dec 20 $50C @ .40
MON Oct $120C @ .676
MON Jan 17 $125C avg to .30
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055
NFLX $440P @ $1.655
PCLN $1137.50P @ $2.85 - sold 40% @ $6.99
PCLN Oct 18 $1050P @ $1.05
SLV Nov 22 $19C avg to .10
SLV Dec 20 $20C avg to .105
SPY Sep 30 $198P @ .39 - sold 1/3 @ $1.19 - sold 1/3 @ $1.99 - sold bal @ $2
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80
SPY Oct 3 $197P @ .82
UNG Oct 18 $23C @ .17
USO Nov 22 $33.50P @ .45
USO Nov 22 $34P @ .54
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99 - Sold 1/3 @ $3.40
VXX $30C @ .72 - sold 1/3 @ $1.64
YHOO Oct 18 $38P avg to .356
Positions and Trades...
Underlined trades since last post...
Positions... (SCROLL TO BOTTOM FOR NEW POSITIONS)
AMZN Oct 3 $317.50P @ $2.72
ATK Nov 22 $140C @ $2.75 - sold 1/3 @ $5.80 - Leaves 2/3
BIDU Oct 18 $210P @ $2.10 - sold 1/4 @ $5.15
BITA Oct 18 $75P @ $2.35 - Sold 1/3 @ $4.80
GMCR Oct 18 $125P @ .925 - sold 1/3 @ $2.50
GS Oct 18 $185C @ $1.446 - sold 1/2 @ $4.395
GS Oct 18 $190C @ .64 - sold 1/2 @ $2.015 avg
HLF OCT 18 $39P @ $1.30 - sold 1/3 @ $3.70
IWM Sep 26 $112.50P @ .46 - sold 1/2 @ $2.40 - sold bal @ $1.90
IWM Sep 26 $112P @ .73 - sold 1/2 @ $1.67 - sold 1/2 @ $1.87 - sold bal @ $1.41
IWM Sep 30 $112P @ .59 - sold 1/4 @ $1.68 - sold 1/2 @ $2.11
IWM Oct 3 $112P @ .79 - sold 1/4 @ $1.90 - sold 1/4 @ $2.42
IWM Oct 3 $111P @ .596 - sold 1/4 @ $1.34 - sold 1/4 @ $1.85
IWM Oct 18 $109P @ .75 - sold 1/3 @ $1.67
KBH Jan 17 $20C avg to .175
MON Oct $120C @ .676
MON Jan 17 $125C avg to .37
NFLX OCT 18 $410P @ $1.415 - sold 1/4 @ $5.85
NFLX Oct 18 $420P @ $2.03 - sold 1/4 @ $8.055
NFLX $440P @ $1.29 - expired
PCLN $1150P @ $2.035 - sold 1/4 @ $4.10 - sold another 1/4 @ $6 - leaves 1/2- bal expired
PCLN Oct 18 $1050P @ $1.05
SLV Nov 22 $19C avg to .126
SLV Dec 20 $20C avg to .105
SPY Sep 30 $198P @ .39 - sold 1/3 @ $1.19 - sold 1/3 @ $1.99
SPY Sep 26 $198P @ .555 - sold @ $1.54
SPY Oct 3 $198P @ .59 - sold 1/3 @ $2.33
SPY Oct 18 $195P @ .79 - sold 1/3 @ $2.06
SPY Oct 18 $194P @ .655 - sold 1/3 @ $1.80
UNG Oct 18 $23C @ .17
USO Nov 22 $33.50P @ .45
USO Nov 22 $34P @ .54
V Oct 18 $210P @ $1.146 avg - sold 1/3 @ $2.99
VXX $29C @ .395 - sold 1/2 @ $1.53 - sold bal @ .83
YHOO Oct 18 $38P avg to .53
New Positions...
AAPL Oct 3 $100C @ .72
AAPL Oct 31 $103C @ $1.64
AAPL Dec 20 $105C @ $2.17
HLF Oct 3 $42P @ .89
IWM Oct 3 $110P @ .66
NFLX Oct 3 $440P @ $2.025
PCLN $1137.50P @ $2.85
SPY Oct 3 $197P @ .82
VXX $30C @ .72
My next post will remove all closed out trades from Friday so it will be easier to read.