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Diving into the lake of Options


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Diving into the lake of Options

  #61 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
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Pedro40 View Post
Bought 50 SPY AprWK1 puts for 0.59

I realized that I bought puts (rookie mistake) when I wanted to get calls (and the timing was perfect). So I have just dumped the puts for 0.45 and bought 50 calls 155.5 for 0.61

Edit: There must be some delay with the CBOE quotes, because I bought these puts yesterday almost at the very bottom, but when I checked 5-10 minutes later when the market bounced back, the position was up 800-1000 bucks. So that's why I didn't realize right away that I got the wrong stuff, because that much gain was expected from the calls....

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  #62 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379


Pedro40 View Post
So I have just dumped the puts for 0.45 and bought 50 calls 155.5 for 0.61

Sold for 0.92 we have reached the target high for the day, let's see if it sells off from here...

Bought 50 SPY 155.5 puts for 0.4

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  #63 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379



Pedro40 View Post
Bought 50 SPY 155.5 puts for 0.4

Sold at 0.52

It does look like there is the 15 minutes delay, so in the future I have to use the originally planned, indicating a trade first and executing it 15 minutes later trick to be honest....

Account: 38.8K so these 3 last trades (2 winners, 1 loser) made about 1.2K

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  #64 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

Bought 100 SPY 155 WK1 for 0.11

daytrade...

Edit: Limit order for selling at 0.22

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  #65 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379


Pedro40 View Post
Bought 100 SPY 155 WK1 for 0.11

Edit: Limit order for selling at 0.22

Since it doesn't like it is going to make it there, sold for 0.16

Note to myself: use in the money options on expiration day.

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  #66 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

Bought 100 SPY Apr Wk4 157.5 puts for 0.66

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  #67 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379


Pedro40 View Post
Bought 100 SPY Apr Wk4 157.5 puts for 0.66

Salvaged only $700 of it. Should have switched to long after yesterday was a doji, meaning consolidation before further upward movement...

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  #68 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

Bought 100 SPY MayWk2 161.5 puts for 0.57

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  #69 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

I am going here big or bust, bought 2 more puts:

100 Spy MayWk2 163 puts for 0.45

100 Spy May13 163 puts for 0.92 ( we give this a week more to work)

There is a huge gap left behind what I expect to be filled in the next few days....

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  #70 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379



Pedro40 View Post
Bought 100 SPY MayWk2 161.5 puts for 0.57

I got ride of this, for 0.11, holding the other 2.

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Last Updated on May 10, 2013


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