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Search: Posts Made By: Pete Schweaty
Forum: Options January 8th, 2014, 09:52 AM
Replies: 5
Views: 1,519
Posted By Pete Schweaty
Bought to close on a pullback today. Paid 1.25,...

Bought to close on a pullback today. Paid 1.25, so roughly a 1:1 R:R.
Forum: Options January 7th, 2014, 08:22 PM
Replies: 5
Views: 1,519
Posted By Pete Schweaty
The long side is 330. Jan 2014 (Monthly) 9 days...

The long side is 330. Jan 2014 (Monthly) 9 days until expiration.
Forum: Options January 7th, 2014, 07:46 PM
Replies: 5
Views: 1,519
Posted By Pete Schweaty
Ok. I won't keep you in suspense. It was NFLX. It...

Ok. I won't keep you in suspense. It was NFLX. It was almost like they waited for me to sell the option before they downgraded the stock today.

So for you options traders with some experience: ...
Forum: Options January 7th, 2014, 01:22 PM
Replies: 5
Views: 1,519
Posted By Pete Schweaty
Man, I sure can pick em!

I may have the worst luck in the history of trading. I have been looking into credit spreads recently. Yesterday I picked one in a decent uptrend and sold a January bull put spread that had an 83%...
Forum: Options January 5th, 2014, 08:14 AM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Yeah. I closed it out for 0.79 on Friday. I...

Yeah. I closed it out for 0.79 on Friday. I picked up the book everyone was talking about. Its a good read so far, very detailed.
Forum: Options January 2nd, 2014, 08:03 AM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Thanks. I have just started trading spreads. ...

Thanks. I have just started trading spreads. Live and learn.
Forum: Options January 2nd, 2014, 08:02 AM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Thanks. Ill take a look.

Thanks. Ill take a look.
Forum: Options January 1st, 2014, 02:45 PM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Yeah. I am in profit, I just expected it to...

Yeah. I am in profit, I just expected it to continue to grow.
Forum: Options January 1st, 2014, 02:43 PM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Thanks. I'll look into the book.

Thanks. I'll look into the book.
Forum: Options December 31st, 2013, 06:50 PM
Replies: 20
Views: 7,196
Posted By Pete Schweaty
Max Profit of Vertical Spread

So I have a question about the max profit of a vertical spread. If I understand it correctly the maximum profit of a long call or put vertical spread is calculated by subtracting the higher strike...
Forum: Options November 30th, 2013, 02:14 PM
Replies: 7
Views: 4,176
Posted By Pete Schweaty
Cool. Thanks.

Cool. Thanks.
Forum: Options November 30th, 2013, 12:19 PM
Replies: 7
Views: 4,176
Posted By Pete Schweaty
Thanks for the response. Let me see if I...

Thanks for the response.

Let me see if I have it right.

So if Apple is trading at 570 and I am assigned on the 540 I wind up short 100 shares of AAPL at 540.
I can then exercise my 535...
Forum: Options November 30th, 2013, 07:45 AM
Replies: 7
Views: 4,176
Posted By Pete Schweaty
Thanks so much for the response. It clears a lot...

Thanks so much for the response. It clears a lot up.
Forum: Options November 29th, 2013, 04:49 PM
Replies: 7
Views: 4,176
Posted By Pete Schweaty
What happens when one leg of a spread is exercised?

First off , happy thanksgiving to everyone!

Second, I have a bit of a beginners question. What happens if the short leg of a vertical spread is exercised? I am relatively new to options and...
Forum: Options October 26th, 2013, 08:38 AM
Replies: 6
Views: 1,612
Posted By Pete Schweaty
As the above poster said, it depends on the...

As the above poster said, it depends on the delta, as well as the theta. Here is a great link that will work out all of your P&L for you. I use it before I enter a position to see what profit I...
Forum: Trading Journals October 17th, 2013, 06:10 PM
Replies: 14
Views: 2,517
Posted By Pete Schweaty
B on the day. Good job on your first trade. ...

B on the day.

Good job on your first trade. Good entry and exit. You should have taken the second trade you had planned. Baby steps to get back.
...
Forum: Trading Journals October 16th, 2013, 06:29 PM
Replies: 14
Views: 2,517
Posted By Pete Schweaty
10/16/2013 B Good entry. You could have hung...

10/16/2013
B
Good entry. You could have hung in for another push down and gotten more, but you traded well.

https://nexusfi.com/attachment.php?attachmentid=125886
Forum: Trading Journals October 16th, 2013, 06:28 PM
Replies: 14
Views: 2,517
Posted By Pete Schweaty
10/10/2013 F You need to decide if this is...

10/10/2013
F
You need to decide if this is what you want to do. You moved your stop again and gave up a 7 point winner.

https://nexusfi.com/attachment.php?attachmentid=125885
Forum: Commodities October 11th, 2013, 07:47 PM
Replies: 10
Views: 3,872
Posted By Pete Schweaty
Great points. Thanks for the input.

Great points. Thanks for the input.
Forum: Commodities October 9th, 2013, 03:46 PM
Replies: 10
Views: 3,872
Posted By Pete Schweaty
I do. I was just wondering what everyone else...

I do. I was just wondering what everyone else looks at. I like to see the highs and lows put in the overnight market.
Forum: Commodities October 8th, 2013, 07:13 PM
Replies: 10
Views: 3,872
Posted By Pete Schweaty
Do you look at overnight data?

For those of you that look at commodities, on your charts, do you show the extended session or hide it? Why?
Forum: Trading Journals October 7th, 2013, 12:57 PM
Replies: 14
Views: 2,517
Posted By Pete Schweaty
10/7/2013 D Absolutely horrendous. You took...

10/7/2013
D
Absolutely horrendous. You took 3 trades. To start the day. All of which were losers, but would have been winners if you had not messed with your SL levels. You came out with an...
Forum: Commodities October 3rd, 2013, 05:43 AM
Replies: 6
Views: 5,173
Posted By Pete Schweaty
Thanks. I noticed it happens frequently. The...

Thanks. I noticed it happens frequently. The large offers (or bids) are pulled right before price slams through them. Price will usually reverse, just not where those big orders are.
Forum: Trading Journals October 2nd, 2013, 03:05 PM
Replies: 14
Views: 2,517
Posted By Pete Schweaty
I am not sure if this should be a journal entry...

I am not sure if this should be a journal entry or not. I decided to take the day off from trading and just watch the market today after yesterdays 2 losers and one BE. The results . . ....
Forum: Commodities October 2nd, 2013, 12:02 PM
Replies: 6
Views: 5,173
Posted By Pete Schweaty
If I understand it correctly, and I may be way...

If I understand it correctly, and I may be way off (thats why I am asking), those huge sell orders represent commercial selling. There is no way anyone can get filled for several hundred orders in...
Showing results 1 to 25 of 54

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