Weekly Options on Stocks - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Weekly Options on Stocks
Updated: Views / Replies:1,748 / 36
Created: by TraderRich Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

Weekly Options on Stocks

  #31 (permalink)
San Francisco CA
 
Trading Experience: None
Platform: Thinkorswin
Favorite Futures: stocks, option, gold, ETF, Emini Es, Forex
 
Posts: 25 since Jan 2016
Thanks: 30 given, 9 received


wldman View Post
I'm going to be hunting some, probably a bunch, of puts tomorrow. It's sell/roll day and its the first day of a new month. The threads where I'd normally post about that are behind the premium wall. I'd say that bucking up on the platform to upgrade your participation here would almost certainly be worth the investment. @Big Mike and his admins do a spectacular job and there is a shit ton of content that you can learn from.

So, if you are going to be around I'd post near real time how I'm thinking about new put sales...but I dont need practice typing or more distractions. Let me know I'll be staring at my screen all morning.

Dan

Thanks! I would love to join your thread and read about your post. Can you send me the link to your thread? I will also upgrade my account.

Thanks again!

Rich

Reply With Quote
 
  #32 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,535 since Aug 2011
Thanks: 1,250 given, 3,945 received

Hey Rich...

Engineers make a nice living. Learn from my mistakes: Keep your monthly nut small. Avoid consumer debt even if it means going without. Max your 401k contribution. Look at every use of cash as a competitor for trading dollars. Win or lose do not become emotional about money or trading.

As an engineer I bet you are comfortable with the quasi-stats model provided by option delta. Likelihood of expiring in the money can be used to build a model that you are comfortable with. Additionally on ToS you can find chance expiration in/out as well as chance to touch...build those into your typical review.

This will sound terse, but it is not meant to offend you. I want it to inspire you. It seems as though you have the tools and the "sense" for effective application of those tools. You have everything you need to make a go at it except the money. Get the damn money. So, you have to start small...big deal. Treat every trade the same and set out to make good trades. The money will take care of itself, especially if you take care of the money.

So. If you want to swing trade but cant carry positions that will satisfy your goals right now, consider trading synthetic long stock via an options "combo". Theoretically you will have the same p/l characteristics as long stock. Often you can position long call/short put dollar neutral or even a small credit. I know that there is a rule about "pattern day trading" that is in effect below some number of dollars...maybe $25,000. I'm not sure if/how that applies to retail options trading. I'm sorry if that negates the "idea", but at least you could get three trades in a month if I recall what that rule says. Also I'm sorry if I am a dumbass on margin requirements if that comes into play. It has been a long time since i had to be concerned with margin.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


In theory if stock is 55 at expiration, your long call is worth 6 bucks, your short put is worth Zero. Yes there are other factors that will move options price, interest rates and volatility and of course time..but you get the idea?

I do not know what the margin requirement is or what "level" options account you have or need but I bet the margin on a 10 lot is less than $49,000.

I am sorry if I am ignoring some barrier. Often I "de-risk" a profitable position by buying calls and selling stock delta neutral. That gives me a similar p/l characteristic and requires far less capital allocation.

On the analyze <risk profile> tab you can create the synthetic position and look at how it changes relative to vola, time and price of underlier.

Sorry if I'm blabbing about nothing you want to hear.

Have a nice weekend.

Dan

Reply With Quote
The following user says Thank You to wldman for this post:
 
  #33 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,535 since Aug 2011
Thanks: 1,250 given, 3,945 received

Hey man...


I do not "journal" on the platform very often any more. Don't upgrade just to read me...there are a number of threads that I would say from time to time have high value content. Also there are a number of legit guys that do real trades that would give you their input. I do recommend the upgrade but dont do that simply to exchange with me. I'll help you the best I can because you donated to the FIO fundraiser. It is not my business but I believe that if you make a polite request of our host @Big Mike he would consider extending your charitable donation towards the one time membership charge. Either way, well worth it in my opinion. Dan



TraderRich View Post
Thanks! I would love to join your thread and read about your post. Can you send me the link to your thread? I will also upgrade my account.

Thanks again!

Rich


Reply With Quote
The following user says Thank You to wldman for this post:
 
  #34 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,535 since Aug 2011
Thanks: 1,250 given, 3,945 received

I might have...

@TraderRich confused with @LittleFinger with respect to participation in the Holiday charity event.

Reply With Quote
 
  #35 (permalink)
San Francisco CA
 
Trading Experience: None
Platform: Thinkorswin
Favorite Futures: stocks, option, gold, ETF, Emini Es, Forex
 
Posts: 25 since Jan 2016
Thanks: 30 given, 9 received


wldman View Post
Engineers make a nice living. Learn from my mistakes: Keep your monthly nut small. Avoid consumer debt even if it means going without. Max your 401k contribution. Look at every use of cash as a competitor for trading dollars. Win or lose do not become emotional about money or trading.

As an engineer I bet you are comfortable with the quasi-stats model provided by option delta. Likelihood of expiring in the money can be used to build a model that you are comfortable with. Additionally on ToS you can find chance expiration in/out as well as chance to touch...build those into your typical review.

This will sound terse, but it is not meant to offend you. I want it to inspire you. It seems as though you have the tools and the "sense" for effective application of those tools. You have everything you need to make a go at it except the money. Get the damn money. So, you have to start small...big deal. Treat every trade the same and set out to make good trades. The money will take care of itself, especially if you take care of the money.

So. If you want to swing trade but cant carry positions that will satisfy your goals right now, consider trading synthetic long stock via an options "combo". Theoretically you will have the same p/l characteristics as long stock. Often you can position long call/short put dollar neutral or even a small credit. I know that there is a rule about "pattern day trading" that is in effect below some number of dollars...maybe $25,000. I'm not sure if/how that applies to retail options trading. I'm sorry if that negates the "idea", but at least you could get three trades in a month if I recall what that rule says. Also I'm sorry if I am a dumbass on margin requirements if that comes into play. It has been a long time since i had to be concerned with margin.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


In theory if stock is 55 at expiration, your long call is worth 6 bucks, your short put is worth Zero. Yes there are other factors that will move options price, interest rates and volatility and of course time..but you get the idea?

I do not know what the margin requirement is or what "level" options account you have or need but I bet the margin on a 10 lot is less than $49,000.

I am sorry if I am ignoring some barrier. Often I "de-risk" a profitable position by buying calls and selling stock delta neutral. That gives me a similar p/l characteristic and requires far less capital allocation.

On the analyze <risk profile> tab you can create the synthetic position and look at how it changes relative to vola, time and price of underlier.

Sorry if I'm blabbing about nothing you want to hear.

Have a nice weekend.

Dan

Hi Dan,

Thank you again for the information! Your point on money, especially the emotion part, has been a goal I am trying to reach. It is indeed difficult.
Regarding to TOS option chart, I understand those risk profile/probability analysis and know what they are in TOS but I failed to used them to my advantage. Please correct me if I have the wrong thoughts. Many time, I looked at the risk profile, OTM probability to understand my win probability but often enough, despite the high chance of being OTM when I sell puts/calls, it still went against my trade. It seems like these probability are good as long as the trend is in tact. This is where I try to combine the option probability with PA but the OTM probability doesn't seem to provide much advantage if I can read the PA with high probability and this is where I am trying to improve on. From your experience, the risk profiles/option analysis seems to be just as important as PA. I am wondering if you can point me direction on how to use the risk profile/probability Analysis with PA? Or tell me some key concepts I am missing?

Thank you!

Rich

Reply With Quote
 
  #36 (permalink)
San Francisco CA
 
Trading Experience: None
Platform: Thinkorswin
Favorite Futures: stocks, option, gold, ETF, Emini Es, Forex
 
Posts: 25 since Jan 2016
Thanks: 30 given, 9 received


wldman View Post
I do not "journal" on the platform very often any more. Don't upgrade just to read me...there are a number of threads that I would say from time to time have high value content. Also there are a number of legit guys that do real trades that would give you their input. I do recommend the upgrade but dont do that simply to exchange with me. I'll help you the best I can because you donated to the FIO fundraiser. It is not my business but I believe that if you make a polite request of our host @Big Mike he would consider extending your charitable donation towards the one time membership charge. Either way, well worth it in my opinion. Dan

Thanks for the advice! I did upgrade to Elite and it has a lot of information that it made me feel overwhelm. I don't know where to begin. I will keep searching and browsing.

Thx!

Reply With Quote
 
  #37 (permalink)
Legendary Market Chamois
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,948 since Nov 2011
Thanks: 6,038 given, 3,499 received


Jaap8242 View Post
Why would you trade weekly options?
In this video, Tom Sosnoff of Tastytrade gives his opinion on Weekly versus Monthly options.
https://www.tastytrade.com/tt/shows/market-measures/episodes/weekly-vs-monthly-08-19-2013

Thank you for this video. Great stuff.....

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote

Reply



futures io > > > > Weekly Options on Stocks




Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

Thanks for everything -- $250 in Amazon Gift Cards ready to give away

Right now
 

Journal in July -- over $2,500 in prizes w/NinjaTrader

July
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day Trading Weekly Options turkmay The Elite Circle 34 March 2nd, 2019 09:37 PM
Dale Brethauer - weekly options ? Volt Trading Reviews and Vendors 4 July 10th, 2017 07:50 AM
weekly options based off NT charts tracy NinjaTrader 2 November 17th, 2014 04:18 PM
Naked Strangles On Weekly SPX Options WarrenGekko Options on Futures 14 March 12th, 2013 11:43 AM
Allistah's Weekly Options Seller Journal Allistah Trading Journals 81 July 23rd, 2012 04:22 PM


Tags
ai, atm, buy, cash account, charity, chart patterns, charts, combine, day trading, delta, dow, error, etf, fundraiser, holy grail, holy_grail, how to, implied volatility, information, instrument, ira, journal, key, limit, list, living, loss, ma, macd, margin, msft, option trading, options, patterns, platform, portfolio, price action, qqq, real time, regression, research, review, reward, risk/reward, scan, short, short term, slope, spread, spreads, spy, stocks, stop loss, strange, strategy, tastytrade, theoretical, theta, think or swim, tos, traded, trading, trend, trends, type, volatility, volume

All times are GMT -4. The time now is 07:04 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts