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 41,288 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)
  #11 (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, looking forward to seeing this journal. I've tried daytrading with options but hadn't tried weeklies except by accident.

Visit my futures io Trade Journal
The following user says Thank You to Cloudy for this post:

Can you help answer these questions
from other members on futures io?
converting useful Pine Script into Multicharts code
EasyLanguage Programming
Market Replay and Fills (Denali data)
Sierra Chart
Convert H Data TS to NT
NinjaTrader
Historical option expirations
Brokers
SPY, QQQ Weekly Closing Range Probabilities
Traders Hideout
 
 
(login for full post details)
  #12 (permalink)
Market Wizard
Chicago, Illinois
 
Experience: Intermediate
Platform: Tradingview
Broker: ThinkOrSwim
Trading: Forex, Stock & Options
 
Bermudan Option's Avatar
 
Posts: 545 since May 2011
Thanks: 562 given, 334 received

nice to see someone trading options. With the weeklies, do u trade in at or out of the money? Also, I am guessing you are strictly long calls/puts... or do you use spreads, even if just to limit a loss?

Visit my futures io Trade Journal
 
(login for full post details)
  #13 (permalink)
Dallas
 
Experience: Intermediate
Platform: ThinkorSwim, Ninjatrader, Multicharts
Broker: Thinkorswim, Ninjatrader Brokerage
 
optionzen's Avatar
 
Posts: 139 since Nov 2010
Thanks: 137 given, 105 received


Thanks for starting this journal and taking time to help others. I hope to learn from your experience.


Sent from my SAMSUNG-SGH-I727 using Tapatalk 2

The following user says Thank You to optionzen for this post:
 
(login for full post details)
  #14 (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

Today was another fun day and the market let me to play.

Four out of five today.

Trades:

AAPL $635 Calls @ $ 2.30 they went to $ 3.00, but I sold them at $ 2.00 after the moved quickly failed.
Small Loss

AAPL $620 Puts @ $ 2.20 sold them at $ 4.00 when they hit my target (a past month FIB @ $ 621.45)
Nice Win

BIDU $150 Calls @ $ 1.00 sold them at $ 2.20 when it finally got to R3 ( I use Woodies Pivot instead of standard pivots.
Nice Win

SPY $138 Calls @ 0.50 sold them @ $ 1.00 when moved tired and started showing weakness.
Nice Win

ES In @ $ 1,374 still in with a stop at $ 1,384 (10 points locked in)
Nice Win

No plays in GOOG (options over priced due to earnings), NFLX (took off before open), PCLN (also was running before open, never let me in), AMZN (missed a small buy due to already being in SPY, ES, AAPL, & BIDU).

Take care and have a great night.

Tip of the day: Watch the high and lows of the first 30 minutes, a break of either can usually be bought or shorter. (The thin red/green lines on my charts, I always pay attention to them).


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)
  #15 (permalink)
san francisco
 
Experience: Beginner
Platform: Interactive Brokers
Trading: stocks & options
 
Maisie's Avatar
 
Posts: 146 since Dec 2011
Thanks: 99 given, 85 received

Viking1, where have you been all my life? i have been daytrading weeklies and monthlies for the past 5 months with irregular results. no time to read right now - got to get the evening going - but can't wait to read yr journal. mine is "maisie's journal" - but u might not want to waste yr time. i am quite the beginner and doubt my chatty journal will contain anything u haven't worked out already. but it exists, for what it's worth.

Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #16 (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


Maisie View Post
Viking1, where have you been all my life? i have been daytrading weeklies and monthlies for the past 5 months with irregular results. no time to read right now - got to get the evening going - but can't wait to read yr journal. mine is "maisie's journal" - but u might not want to waste yr time. i am quite the beginner and doubt my chatty journal will contain anything u haven't worked out already. but it exists, for what it's worth.


Hello Massie, you might be right in regards to teaching me anything new, but I always have an open mind. Thank you for the comments and have a great night. Love the Bay area.

Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #17 (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


Bermudan Option View Post
nice to see someone trading options. With the weeklies, do u trade in at or out of the money? Also, I am guessing you are strictly long calls/puts... or do you use spreads, even if just to limit a loss?

I always trade just out of the money (1 to 2 strikes) on the weeklies, (this can be VERY rewarding especially on Thursday and Friday plays; but you better have a real good idea where the option is going). I am strictly long call/puts and rarely use vertical spreads (though they can be very useful on "swing plays" over night).

Tip: On Friday's you will find a lot of these weeklies love to finish on, or very near, a strike.

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)
  #18 (permalink)
san francisco
 
Experience: Beginner
Platform: Interactive Brokers
Trading: stocks & options
 
Maisie's Avatar
 
Posts: 146 since Dec 2011
Thanks: 99 given, 85 received

Viking1, where have you been all my life? i have been daytrading weeklies and monthlies for the past 5 months with irregular results. no time to read right now - got to get the evening going - but can't wait to read yr journal. mine is "maisie's journal" - but u might not want to waste yr time. i am quite the beginner and doubt my chatty journal will contain anything u haven't worked out already. but it exists, for what it's worth.

Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
Follow me on Twitter Visit my futures io Trade Journal
The following user says Thank You to Maisie for this post:
 
(login for full post details)
  #19 (permalink)
san francisco
 
Experience: Beginner
Platform: Interactive Brokers
Trading: stocks & options
 
Maisie's Avatar
 
Posts: 146 since Dec 2011
Thanks: 99 given, 85 received

*and* my mother's family is originally norwegian; my ggmother settled in minneapolis. so we are both vikings!

Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #20 (permalink)
duluth,mn
 
Experience: Advanced
Platform: ninja,thinkorswim
Broker: Amp-Zenfire
Trading: ES,Options
 
Posts: 649 since Feb 2010
Thanks: 81 given, 1,353 received


I know a method i like on SPY weeklies is to wait until the spy is inbetween strikes. IF the spy is at 130.50 id either be going long for the 131 calls or going short buying 130 puts. I am not sure why I wait for a split. Its going to be fun to converse with some options traders on this thread.

and just for fun here is the 138 calls synced to the spy. Mainly for those who may not know how options correlate to underlying ect. along with the volume for some puts and calls


Visit my futures io Trade Journal
The following user says Thank You to timmyb 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