Replies to post #15510 on OPTIONS TRADERS CO-OP

[royg1927]

Jane: ...I've heard a lot of people won't bother on Fridays. Now I can see why

Really? Maybe you might reconsider the data.

Expiring today Calls, lows to highs intraday (so far).

AAPL 610 calls 7x

AMZN 310 calls 6x

NFLX 397.5 calls 6x

TSLA 205 calls 7x

BIDU 165 calls 16x

SPY 190 calls 6x

IWM 11 calls 5x

I do not imply that it would be probable that one could catch the full range of these multipliers, of course not.

The lesson that seems obvious to me is that had a trader concentrated on calls with patience through the session he/she would certainly have been well rewarded.

So? Need to concentrate on developing skills to get the direction right. Today might well be one to do a pragmatic post mortem.

I did not post today after the early attempt(s) to scalp IWM puts. That was when I had to stop and reexamine my mind set. After that calls did work, but well after the early best entries.

I have something of a reputation about Fridays. Yes, I have been more successful on the expiration day than any other. It does require a somewhat different outlook, which is very difficult if not impossible to elucidate.