Weekly Option Trader - futures io
futures io futures trading



Weekly Option Trader


Discussion in Trading Journals

Updated by Big Mike
      Top Posters
    1. looks_one Vikings1 with 178 posts (388 thanks)
    2. looks_two Gisfor with 12 posts (3 thanks)
    3. looks_3 Cloudy with 10 posts (8 thanks)
    4. looks_4 Big Mike with 8 posts (15 thanks)
      Best Posters
    1. looks_one theoptionguru with 3.5 thanks per post
    2. looks_two Vikings1 with 2.2 thanks per post
    3. looks_3 Big Mike with 1.9 thanks per post
    4. looks_4 Cloudy with 0.8 thanks per post
    1. trending_up 41,392 views
    2. thumb_up 473 thanks given
    3. group 55 followers
    1. forum 271 replies
    2. attach_file 544 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

Closed Thread
 
Search this Thread
 

Weekly Option Trader

(login for full post details)
  #181 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,372 given, 1,710 received

I was trying out the functions mentioned for coming up with the TOS rangebar values based on the percentages suggested: 8%, 5% and 2.5%
Here's a couple of scripts for columns with the values in ThinkOrSwim "Marketwatch" tab. Thanks.

#(for 8% of ATR)

def atrresult = ATRWilder(ATRlength = 7);
def resultp08 = (atrresult * .08);
assignBackgroundColor(if resultp08>1 then color.green else if resultp08<.081 then color.gray else color.current);
plot result = resultp08;
result.assignValueColor(if resultp08>1 or resultp08 <.081 then color.black else color.gray);

#(for 5% and 2.5% of ATR; change .05 to .025 for 2.5%)

def atrresult = ATRWilder(ATRlength = 7);
def resultp = (atrresult * .05);
assignBackgroundColor(if resultp>1 then color.green else if resultp>0 then color.black else color.current);
plot result = resultp;
result.assignValueColor(if resultp>1 then color.black else color.gray);


Attached: .jpg & how to set it up on TOS

Attached Thumbnails
Click image for larger version

Name:	tos_atr_columns.jpg
Views:	94
Size:	320.5 KB
ID:	80493  
Visit my futures io Trade Journal
The following 3 users say Thank You to Cloudy for this post:

Can you help answer these questions
from other members on futures io?
Delta PVP ( POC )
MultiCharts
Convert H Data TS to NT
NinjaTrader
Thanksgiving 2020 Fundraiser - lets be grateful!
Feedback and Announcements
fibonacci retracements settings not saved in investing
Traders Hideout
Can Tradingviews Drawing tool create limit order
Platforms and Indicators
 
 
(login for full post details)
  #182 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Cloudy,

Very Close to what I am already doing...

Here are some of my codes and pics of my scan:

All green and I am looking for longs, all red and I am looking for shorts.... would/do work very well with "Allistah's" option spreads.

Some of my codes in my scanner:
ATR Code:
declare lower;
input ATRLength = 7;
def ATR = AvgTrueRange(high, close, low, ATRLength);
plot ATR1 = ATR * .08;
ATR1.assignValueColor(if ATR1>0 or ATR1 < 0 then color.white else color.current);

Yesterday High versus Today's Close Code:
declare lower;
input price = close;
def M9 = high(period="day")[1];
plot result = if close > M9 then ((price-M9)/M9) else ((price-M9)/M9);
assignBackgroundColor(if price>M9 then color.green else color.red);
result.assignValueColor(if price>M9 or M9>price then color.black else color.current);

Yesterday Low versus Today's Close Code:
declare lower;
input price = close;
def M9 = low(period="day")[1];
plot result = if close > M9 then ((price-M9)/M9) else ((price-M9)/M9);
assignBackgroundColor(if price>M9 then color.green else color.red);
result.assignValueColor(if price>M9 or M9>price then color.black else color.current);











Follow me on Twitter Visit my futures io Trade Journal
The following 8 users say Thank You to Vikings1 for this post:
 
(login for full post details)
  #183 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,372 given, 1,710 received


Thanks Vikings! Glad I came somewhat close. Interesting stuff on helping with direction for stocks or options plays, thanks.

note about my script: I put the ATR < certain threshold for a highlight hoping it'll help find stocks which are slowing down into consolidation to find possible candidates for delta-neutral options spread plays such as calendars or strangles. Haven't tested it out yet though.

Visit my futures io Trade Journal
The following user says Thank You to Cloudy for this post:
 
(login for full post details)
  #184 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Over the weekend my wife asked me if I could slow things down for her, but not yet effect the results. Well I think I may have done that for her and for potentially other traders who like to trade at a slower pace.

I am still going to stick with range bars, but this time based off of 1 hour bars instead of daily bars. Since I am a very big FIB guy I am working on a combination of 21 (1 hour bars) calculating the ATR for those 21 bars then I multiply them by a very strong fib retracement number (61.8%) and the results become my 1 hour range bar. The results today were very good; actually impressive.

Just keep giving away all my secrets....LOL Secrets - One Republic with Lyrics ~ Full Song!! - YouTube

Oil too was very good today when I focused on it as I spent a lot of time on this longer range instead today with the weeklies. Wife loves it too, makes her life much easier she says and it does.

Anyhow I am going to keep this short and sweet tonight.










Have fun tomorrow!

Follow me on Twitter Visit my futures io Trade Journal
The following 4 users say Thank You to Vikings1 for this post:
 
(login for full post details)
  #185 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Experiment a huge success, charts speak for themselves.

Can't get any easier and NO rush either; wife loves it. Now I can devote fulltime to my futures and let her run with the weeklies.

Take care and have a great day tomorrow....

Ranges for tomorrow:

AAPL $ 2.47, AMZN $ 1.04, AXP $ .25, BIDU $ .59, CAT $ .51, FFIV $ .78, GOOG $ 2.12, GS $ .44, JOY $ .48, LNKD $ .96, LULU $ .41, LVS $ .24, MA $ 2.47, NFLX $ 1.01, PCLN $ 3.32, SINA $ .36

/ES $ .75, /TF $ .60, /CL $ .12 (CONSERVATIVE) OR $ .06 (FAST)




Follow me on Twitter Visit my futures io Trade Journal
The following 3 users say Thank You to Vikings1 for this post:
 
(login for full post details)
  #186 (permalink)
Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP
Trading: ES
 
Posts: 77 since Apr 2010
Thanks: 169 given, 34 received


Vikings1 View Post
Experiment a huge success, charts speak for themselves.

Can't get any easier and NO rush either; wife loves it. Now I can devote fulltime to my futures and let her run with the weeklies.

Take care and have a great day tomorrow....

Ranges for tomorrow:

AAPL $ 2.47, AMZN $ 1.04, AXP $ .25, BIDU $ .59, CAT $ .51, FFIV $ .78, GOOG $ 2.12, GS $ .44, JOY $ .48, LNKD $ .96, LULU $ .41, LVS $ .24, MA $ 2.47, NFLX $ 1.01, PCLN $ 3.32, SINA $ .36

/ES $ .75, /TF $ .60, /CL $ .12 (CONSERVATIVE) OR $ .06 (FAST)

Attachment 80882

Attachment 80883

I wanna be like you when I grow up!

The following user says Thank You to SeeTrader for this post:
 
(login for full post details)
  #187 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Thanks SeeT!

But remember to be VERY careful of those spreads....LOL


SeeTrader View Post
I wanna be like you when I grow up!


Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Vikings1 for this post:
 
(login for full post details)
  #188 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Do not do Java updates prior to the open.

Some very nice trades today, but I couldn't get into my trading platforms because of the Java update I took this morning. I even got locked up in TOS (which happens all the time anyway). Finally got in around 1:00 CST and got a nice trade on AAPL but that was the extent of my trading today.

Take care and have a great day tomorrow...










Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Vikings1 for this post:
 
(login for full post details)
  #189 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Ranges for tomorrow:

AAPL $ 2.76, AMZN $ 1.22, AXP $ .28, BIDU $ .64, CAT $ .51, FFIV $ .71, GOOG $ 2.48, GS $ .43, JOY $ .49, LNKD $ 1.00, LULU $ .50, LVS $ .26, MA $ 2.63, NFLX $ .95, PCLN $ 4.09, SINA $ .39

/ES $ .75, /TF $ .60, /CL $ .10 (CONSERVATIVE) OR $ .05 (FAST)

Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Vikings1 for this post:
 
(login for full post details)
  #190 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received


IMO, down, but it really doesn't matter I will go wherever it wants to go. (Earnings have been sucking huge, so?)

Levels to watch on SPX:

Down:
1333.20 1st
1326.19 2nd (then hang on)

Up:
1362.93 (printing presses have fired up)


Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Vikings1 for this post:

Closed Thread

futures io Trading Community Trading Journals > Weekly Option Trader


December 18, 2012


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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