$PTX Feb17 2.50 CALLS @ 0.05c
(Nasdaq Biotech potential runner & buyout)

Also got Nov 2.50 Calls same price just in case :)

Pernix Therapeutics Holdings

Options Rock 'n' Roll

PTX Nov18 2.50 CALLS @ 0.05c (Nasdaq Biotech potential runner & buyout)

PTX INFO

Nice Picks :) me to i posted 1 trade thursday afternoon in the OM chat and thanks to what i've learn with "OM" mixed with my charting skills, i finally got my 1st 4 digits gains of 1100% profits ..this is only with a small $100 risk .. wohooooo !! :)

Open $AAPL Jan 2016 $180 Calls @ 23c (last week on June 17)

http://www.finviz.com/quote.ashx?t=AAPL

GLTA

OPTIONS Rock "n" Roll

Dang Time Flies like Stock Prices, i remember this like yesterday it was around the 30's .. WOW !!

Options Rock 'n' Roll

Good Read UPB :) OPTIONS Rock 'n' ROLL

Trading Volatility? Don’t Trade Stocks, Trade Options

In times of high volatility, options are an incredibly valuable addition to any portfolio as part of a prudent risk-management strategy, or as a speculative, directionally neutral trade.

After a trader has conducted their due diligence and enters a position, regardless of how certain they may be of the direction a volatile stock will take on, they are very much limited to the ebb and flow of the market and its participants. A prudent trader may have a risk management strategy in place such as portfolio diversification, a tight stop-loss order trailing their position, or a mandate to average down (or up) in case the stock makes a move against them. However, there are some important drawbacks to these strategies: diversification may take up precious amount of capital away from other ideas, stop-loss orders may trigger shortly before the asset goes the way it was anticipated from the beginning, and averaging down/up can take on inordinate risk as the position continues to go awry. Armed with the knowledge of options, traders can expand their risk management tool-set, and subsequently, increase the potential of returns on their positions.

Synthetic Stock Positions

One of the main ways that an option can mitigate risk is through its inherently leveraged nature. An astute options trader can take this one step further and create synthetic long and short stock positions entirely compromised of options. By going long with an at-the-money call, and writing an at-the-money put, the options trader can simulate a long stock position. Moreover, by writing a put option to counter the call option’s premium, the trade can be opened with little or no initial cost.

As the underlying stock rises, the call increases in value, and should the underlying stock plummet, the short put will increase in a value, and thus, the trader will take on downside losses, much like an actual long stock position. Conversely, a synthetic short stock position would be initiated when the trader buys a put and sells short a call.

The benefit that a synthetic stock position presents during times of volatility is the ability to control large volumes of shares with little to no capital tie-up, thus allowing traders with even small accounts to take on diversification measures. Furthermore, the synthetic positions offer more flexibility to exit the position through the purchase of a contrasting option: a put option for the long stock and call option for the short stock positions, as opposed to having to pursue a mandate to average down/up. Finally, synthetically shorting a stock has the added benefit of allowing the trader to short hard-to-borrow shares, not have to worry about borrow fees, and be unaffected by dividend payments.

The Protective Put

Options can also be used to protect an existing stock position against an adverse volatile movement. The simplest and most commonly used option strategy is the protective put, for a long stock position, and the protective call for a short stock position.

Let’s take a look at a stock known for its volatility: Tesla Motors, Inc. (TSLA). With the stock trading around the $185-$187 area in early March 2015, a bullish trader could go long in this position in the hopes of a quick swing to $224 level and purchase a $190 strike put option expiring on April 17th for $8.05 or $805. The trader will therefore enter the position fully aware of the maximum loss he can incur on this trade from the day of purchase until option expiry, which would be the put’s premium + the distance from the strike of the put to his entry price.

Tesla closed at $193.74 as of mid-March, so that would be a max loss of $11.79 per share or roughly a 6% loss per each 100-share position worth $19,374. Put it another way, from now until April 17th, regardless of how far down Tesla plummets after breaking support, the trader will always be able to exercise the option on expiry to sell off his shares at the strike price—even if Tesla drops by $1 below the strike or all the way down to zero.

Furthermore, if a trader has already experienced gains on a position, and as volatility looms on the horizon, such as it did on the days leading up to Tesla’s unveiling of the Model D, the trader can use some of their profits to lock in their gains by purchasing the protective put. The downside to this strategy is that a stock will need to move in the anticipated direction, and the option premium will need to break even. And should the stock not make such a move between now and the option expiry, the put options can expire at zero dollars due to the ravages of time decay (theta), without ever having been exercised. In order to combat a potential loss of premium, the trader can simultaneously write an inverse option to the protected put or call. This strategy is known as the collar, and it can serve to mitigate the protective option's premium outlay at the cost of putting a cap on future gains. However, collars are an advanced strategy, beyond the scope of this article.

Directional Neutrality

Perhaps the most advantageous characteristic of options over a pure-stock position would be the ability to employ directionally neutral strategies that can make money on a stock no matter which way it goes. As an extremely unpredictable moment approaches, such as an earnings report, a stock trader is limited to a directional bet that that is at the mercy of the markets. However, an options trader will welcome this impending volatility by going with long straddles and strangles. A straddle is simply the purchase of an at-the-money call option and an at-the-money put option with the same strike and expiry date. It is a net debit transaction that a trader enters in should they expect a large move in either direction in the near future. By examining the historical vs. implied volatility (IV) and expecting higher the IV in the future (such as when an earnings report date approaches), the trader can enter the straddle position, knowing full well the maximum loss they can incur is the net premium they paid for the combined options.

On the contrary, if a trader assumes that volatility levels are simply too high, the options are mis-priced, and subsequently the stock will not move as much as the market expects in the near future, they can sell straddles or strangles, taking advantage of the phenomenon known as the “IV crush.” Directional neutrality is perhaps the biggest weapon in an option trader’s arsenal, and it is the foundation for more advanced strategies such as butterflies, condors, and delta neutral trading. By being directionally ambivalent, the trader has conceded that the markets are random and has positioned themselves to make money both as a bull and a bear.

The Bottom Line

Options offer lower levels of capital outlay, a myriad of strategies that are directionally biased or neutral, and excellent risk management properties. While there is nothing wrong with trading pure stock portfolios, by arming themselves with the knowledge of options and their characteristics, a trader can add more tools into their arsenal and increase their chances of success in both volatile and docile times within the markets.

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Option Millionaires

Jan 5 - 9 #Options #RSI & #CandlePatterns




- Weeklys: Options Available For Trading

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/rd9eE2

Happy New Year to All Option Millionaires and Traders !!

"May the Money $ be with us Always"

Thanks, but i think i should thank you for serving, "Soldier Stay Safe", Best wishes to you LeggMason

ROck "n" Roll

not fair, i missed this AMAZING call.. GJ Jimmy Boy

ahhhh !!! still can'\t believe it Dang it ... $200 into potentially $35,700 via $OPEN calls

OPTIONS HEAVY ROCK "n" ROLL

well trying to remember gonna have to check my history in my trading account, i think i missed it to, not sure ? hmmmm gotta catch up on my stuff .. LOL !!

Was busy with Business & Personnal related stuff and i had to take some "ME" time, im better now so i'll slowly re-start posting, thanks for asking

Sorry to some i didn't advise, it was IMPORTANT and i didn't have the time to tell anyone.

OPTION MILLIONAIRES ROCK "n" ROLL

NP Bud Rock "n" Roll

Open $IMGN Aug 16 $13 Calls @ 10c -ERs Aug 1 (Pre-Market)

http://www.finviz.com/quote.ashx?t=imgn

GLTA

OPTIONS Rock "n" Roll

May 26-30 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/E60E0h

May 26-30 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/E60E0h

Closed $SBUX 77.50 / 82.50 May 17 (expired worthless)

oh well on to the next

May 19-23 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/wWLAJQ

May 19-23 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/wWLAJQ

May 5-9 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/BN0PIl

May 5-9 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/BN0PIl

my SBUX 77.50 only 20 so risking a small $240, my 82.50's i only have 10 @ 20c, (i never post how many contracts but just to illustrate that im not risking much)

i should of waited a day or 2 before taking my 1st 82,50's or else i would of never taken them but IMO this $SBUX should start moving soon, hopefully before Expiry, if i lose, it won't hurt, but im ready if it RUNS like ForestGump tho or i'll give $SBUX a shot of some NFLX juice

Good Luck to All

OPTIONS ROCK "n" ROLL

Added to my position of $SBUX May 17 $77.50 Calls @ 04c , now have an AVG of 12c

April 28 to May 2 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/ICsgXA

Dang i would be a Millionaire..LOL if i would do that with my own trades ;-P

Never giving up tho

OPTIONS ROCk "n" ROLL

April 28 to May 2 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/ICsgXA

Open $SBUX May 17 $77.50 Calls @ 20c (ERs today April 24 AMC)

also have a position in the $82.50 Calls

OPTIONS ROCK "n" ROLL

i think Lee had a different kind of Chocolate with special ingredients, not the ordinary ones like we had ..LOL !!!

April 21-25 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/IW1CYv

April 21-25 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/IW1CYv

yeah that could be a nice play there Good Luck

My SPY 182/181.50 Puts & GIMO $20 Calls (expired worthless)

didn't have much on the table so my risk was low to the amount i traded with.

OPTIONS Rock "n" Roll

Open $SPY April 19 $182 PUTS @ 07c

OPTIONS ROCK "n" ROLL

Open $SPY April 19 $181.50 PUTS @ 08c

OPTIONS ROCK "n" ROLL

April 14-18 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/RDFIoc

April 14-18 #Options #RSI #CandlePatterns & #Earnings




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/RDFIoc

Open $GIMO April 19 $20 Calls @ 10c

Options Rock "n" Roll

April 7-11 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/sMV68d

April 7-11 #Options #RSI & #CandlePatterns




======= Weekly Options =======


> ETF's and Indexes http://goo.gl/JsGwo3 (Chart version)


> ** STOCKS ** http://goo.gl/BHnQXW (List Version just Hover over the Ticker to view Charts)



- Weeklys: Options Listed with One Week to Expiration

http://www.cboe.com/micro/weeklys/availableweeklys.aspx



===== R.S.I OverBought/OverSold Levels =====


> RSI Above +70 "OVERBOUGHT"

http://goo.gl/sMV68d