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Weekly Option Trader


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Weekly Option Trader

  #251 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

How I play them..

My normal interday range chart on left, "call" range chart middle, "put" range chart right. This set-up allows me to easily see my options as well my daily interday 'longer" time frame chart.

Same set-up, I get a buy signal I buy either the straight calls or puts depending upon which direction the stock is going.

Only Tuesday and there were some nice trades today....

Take care and have fun...






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  #252 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

LOL, screwed up subject line: "An Apple a day keeps the Doc away"

What a day in AAPL today! No futures traded today, had way too much fun in AAPL weeklies....

Overall market look:



My Weeklies and how they look on daily charts:



Multiple trades in AAPL weeklies today and one nice one in BIDU

Action is really starting to heat up...

Take care and have fun tomorrow...






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  #253 (permalink)
uoume
boston + ma
 
Posts: 1 since Dec 2012
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Vikings1 View Post
Nope, they are as follows:

Anyhow, my rules are simple:

Red "down" line, red candle, buy the break of the low of that candle.
Green "up" line, blue candle, buy the break of the high of that candle.

GET OUT WHEN THE TRAILING STOP IS BROKEN: (white dashes)

NOTE: Potential profit targets would be major ones, like pivots and such.

That's it.



I just joined and read your posts. Very interesting. I am interested in trying your set up. Willing to share your set up?

Thanks for your posts. Super interesting. Only if I can follow you more closely......

  #254 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Some nice plays in CL and AAPL weeklies again.

Current Overall Market Look:




A look at some of the action today in CL, NQ, ES, & AAPL:

Take care and have a great day!





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  #255 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

The $ 64,000 Dollar question....

ES had an inside day; therefore above 1,421 and 1,424 will be tested; probably will be anyway..
TF wants 829.20, IMHO. If it breaks it, up it will go.
NQ breaks 2,622.50 and she could drop all the way to 2,492.
EUR/USD breaks 1.2875 and she will be a run to potentially 1.2660, which of course would/should not be a bullish thing for the market overall.

Anyhow like millions of others, I too will just stick to interday trades until we get some action from our fearless leaders in DC.

Take care and have fun!



Some other interday action today:




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  #256 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Interesting day, horse shit news across the board, yet the market soars! My ATM machine, (TF), was once again giving free money to all who wanted it. Oil had some nice plays and of course the AAPL weeklies were strong again today.

Current Market Outlook:

ES breaks today high at 1434.25 and it go easily go all the way to 1468.
NQ breaks today's high of 2698.50, 2720.75 is a given, IMHO.
CL breaks 85.20 and 84.04 will be hit, again IMHO.
TF breaks 837 and 862.20 will be in it's sights'
EUR/USD has 1.3054 in it's sights and then 1.3125; (which is obviously very bullish for the market).



Some other futures and how they faired today:





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  #257 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Some nice moves over night:

AAPL up as well in premorning, NQ headed for 2698.75 and then 2720.75?

Euro moved right to my 1.3054 target from last night, (well actually only 1.3052, missed it by two pips)

Today should be a fun one...(be nimble)

Take care.






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  #258 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Right to R2 @ 86.93 and probably 87 (big round number all trading computers can see). Can it get to R3 way up at 88.09? Maybe we'll find out today..


PS: NQ still trying to get to 2698.75

Have fun...





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  #259 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

We'll see, great set-up on oil though.........

AAPL weeklies very nice today as well (morning gap filled and maybe tuesday's gap too?? 529.97)




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  #260 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418


Wow, Fed doubles down on the printing. They must have gotten another new press; the trees of the rain forest should be shaking in their roots now...LOL! At least Steve Liesman had a "thrill run up his leg" in regards to the FOMC minutes, what a loser!

Not sure where to even start and thus will just post the charts and see where the chips fall tomorrow.

Everyone is worried about the so-called "Fiscal Cliff", it pales in comparison to what the FED is doing to us every single day...(just keep telling yourself that we are a rich nation, LOL!!)

Ok I am off my soapbox, no ones cares in the US anymore, or is just too stupid...so print baby print....

PS: That said it was a good day, missed the action in the afternoon, but morning was still a lot of fun in oil and AAPL weeklies...

PSS: NQ never took 2698.75, that is not a bullish sign (so far that is).....


Daily Charts:



Interday Charts:





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Last Updated on December 18, 2012


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