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


Weekly Options on Stocks
Updated: Views / Replies:1,750 / 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

  #1 (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

Weekly Options on Stocks

Hi Everyone,

Wondering if anyone is trading weekly options on stocks?

I have been trading weekly options for the past 6 months.

Would love to discuss and gather more insight from you

Thanks!!

TraderRich

Reply With Quote
The following user says Thank You to TraderRich for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Fort Worth, TX
 
Trading Experience: Intermediate
Platform: Jigsaw
Broker/Data: AMP Futures
Favorite Futures: none
 
Posts: 33 since Feb 2017
Thanks: 96 given, 13 received



TraderRich View Post
Hi Everyone,

Wondering if anyone is trading weekly options on stocks?

I have been trading weekly options for the past 6 months.

Would love to discuss and gather more insight from you

Thanks!!

TraderRich

I'd like to learn about options. Can you point me in a direction to learn options?

Reply With Quote
 
  #4 (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


ALC77 View Post
I'd like to learn about options. Can you point me in a direction to learn options?

Hey hey,

I am not a expert on option trading but here's my 2 cent. Hope it helps.

I dont know how long you have been with option but I think you should start understanding the building of option pricing and its influences, such as intrinsic value, extrinsic value, delta, gamma and implied volatility, if you haven't already. And then you need to figured out what style of option trading fits you best? Weekly, Monthly or several months outs and either you prefer short or long options. (from own experience, I think you should begin with long call or puts first) "OptionAlpha" ,https://optionalpha.com/, should have enough info to get you started. Your style will not come right away or through research. It will come from your trail and error as your trade more and you will find your own strengths and weaknesses.

Bottomline, if you are serious about trading, treat this like you're running your own business. Learn with an open mind and DO NOT GIVE UP!!! Proper mindset is key!

Reply With Quote
The following 2 users say Thank You to TraderRich for this post:
 
  #5 (permalink)
Waco Texas/USA
 
Trading Experience: Advanced
Platform: TOS
Favorite Futures: Options
 
Pugged's Avatar
 
Posts: 12 since Mar 2017
Thanks: 8 given, 5 received

Weekly Options

I can see this thread is a little old and doesn't reflect the market changes I noticed in the last year.

I scanned for weekly options inside TOS for ITM <25%, good volume, high ror. I was assigned a dog or 2 and augmented with looking at the long-term trend to see is it trending up or down? I did pretty good selling for premium and watching options simply expire. Then along about summer 2018 I was having to roll everything and ultimately was getting assigned 7 times out of 10 selections. And then ultimately I got burned this past October with margin calls and selling at a loss. I wiped out $30k worth of gains over a 2 year period by selling qqq at a tremendous loss. I was assigned, and could not roll out of precipitous declines. I also could not afford the margin interest.

Be very careful before buying (selling weekly puts) into this strategy. I'm taking a baby step right now, as I sold weekly puts one 1 security in my ira for the 1st time in a few months. It will expire friday, hopefully comfortably OTM. I'll follow my post with this result later in the week.

I haven't seen it described or discussed, but a sea-change occurred last summer that rendered the probability of ITM meaningless in large part. Some really strange undercurrents were afoot, imho.

Reply With Quote
 
  #6 (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


Pugged View Post
I can see this thread is a little old and doesn't reflect the market changes I noticed in the last year.

I scanned for weekly options inside TOS for ITM <25%, good volume, high ror. I was assigned a dog or 2 and augmented with looking at the long-term trend to see is it trending up or down? I did pretty good selling for premium and watching options simply expire. Then along about summer 2018 I was having to roll everything and ultimately was getting assigned 7 times out of 10 selections. And then ultimately I got burned this past October with margin calls and selling at a loss. I wiped out $30k worth of gains over a 2 year period by selling qqq at a tremendous loss. I was assigned, and could not roll out of precipitous declines. I also could not afford the margin interest.

Be very careful before buying (selling weekly puts) into this strategy. I'm taking a baby step right now, as I sold weekly puts one 1 security in my ira for the 1st time in a few months. It will expire friday, hopefully comfortably OTM. I'll follow my post with this result later in the week.

I haven't seen it described or discussed, but a sea-change occurred last summer that rendered the probability of ITM meaningless in large part. Some really strange undercurrents were afoot, imho.


Really thank you for sharing your experience with us but really sad to hear such big loss in last Oct =(. REALLY hope you will feel better soon!

Wondering if you can share some of your thoughts during that time?

1) Do you trade weekly every week? (DTE <5) If not, what's the DTE do you look for in your scans?

2) "summer 2018 I was having to roll everything"
Why did you decided to roll over since you're trading weekly? Why not close it for loss and start fresh again?

3) Did you change your trend outlook during October? (I.E, Change from selling puts to selling calls in October since it was bearish?)

Thanks!!!

Reply With Quote
 
  #7 (permalink)
Netherlands
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Infinity Futures
Favorite Futures: FGBL
 
Posts: 60 since Oct 2009
Thanks: 47 given, 55 received

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

Reply With Quote
The following 2 users say Thank You to Jaap8242 for this post:
 
  #8 (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


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

Thanks for sharing the video! I have watched that videos once or twice before. I agree with their P.O.V about weekly but I don't quite agree on when they apply their monthly strategy on the weeklies. Since their strategy is heavily depended on DTE, if DTE change, the strategy needs to be changed as well.

Reply With Quote
 
  #9 (permalink)
Kyoto, Japan
 
Trading Experience: Intermediate
Platform: TW TOS LiveVol
Broker/Data: TD, TW, IB, Saxo
Favorite Futures: UVXY, VXX, VIX, /VX
 
suko's Avatar
 
Posts: 1,207 since Oct 2013
Thanks: 776 given, 1,182 received

If the market is rallying, the best trade on the board is the ATM QQQ call in the active week, followed by VXX puts.


"No one is coming to help you. There is no back up. There are no reinforcements. You are alone. It's on you. SO GET IT DONE." -- Jocko Willink
Reply With Quote
The following user says Thank You to suko for this post:
 
  #10 (permalink)
Waco Texas/USA
 
Trading Experience: Advanced
Platform: TOS
Favorite Futures: Options
 
Pugged's Avatar
 
Posts: 12 since Mar 2017
Thanks: 8 given, 5 received

Weekly Puts


I traded weekly options, specifically Puts, as if the strategy works ideally, you get paid every week. DTE less than/equal to 5. Puts bought otm, and stay otm, expiring worthless at week's end. I made a fair bit more than what I lost in october with the strategy.

with selling puts, you are taking in premium and trying to preserve it, you could take a loss quickly but those can be pretty significant due to short term volatility. You try and roll out and down for net credit if you have to roll. You don't sell puts wanting to own any stock generally, though you can sell calls against assigned shares, within limits. Last summer, all of a sudden, good stock's puts weren't expiring worthless at week's end, even though they were selected with a probability of ending up in the money less than 20%.

I sold 10 msft p103's on tuesday for about $220. Still at 106 before the open this morning. Expiry is tomorrow, and I want to stay otm. That way I keep the $220 and look for another (others) next week. An analogy to baseball comes to mind; this is a lot of bunting, taking a while to build up runs. Unfortunately, when it goes bad, it's like all you're doing is bunting and the other side is hitting home-runs on every pitch.

Reply With Quote

Reply



futures io > > > > Weekly Options on Stocks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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 12:11 AM. (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