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Weekly Option Trader
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Created: by Vikings1 Attachments:544

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Weekly Option Trader

  #71 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

One of my favorite days came through after a slow start start.

And the winner of the day was NFLX, options up nearly 5 fold on two trades, especially after it broke last months low at 79.76.

Tomorrow might be a fun one after the jobs nunbers is annouced. I could care less which way it goes, just want it behind us.

Have fun!

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  #72 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received


Gisfor View Post
i got it Vik.......

friends helped me out with the bubble situation....

Cool, good luck!

 
  #73 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received



Gisfor View Post
Vik.....
nice job cleaning up today even with /tf and /nq dropping......../es half way.......

SPY 141 call AM had a very nice move.....

thanks for posting your charts......
nice to see things from a different perspective......
i am not looking to change my system......
i like to call it fine tuning........

reason i asked abut ADX and DI......
is i have several several separate ADX indicators i tried with no success.....

not sure how i can send you a personal email with scripts for comparison......

anyhow.......
I have some indicators that may be of some interest to you...
however i cant post them.......
really not sure how to chat in private within the forum.......
its not that i dont want to help or share.......
just i have many indicators that many people have worked on ......
and i dont think it would be proper to just post them on a public forum......
i did and comparison as to timeframe and range charts......
i post if u care to look at....also watching the LaQuerre RSI

anyhow....

GL tomorrow

Thanks Gisfor, but I am happy with what I have...

 
  #74 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Well I am done for the day

I have been informed my system is easy and that everyone has it figured out (cool, that was my goal in designing it). I hope anyone using it had a day today, like I did! This also makes it easier for me to post here, no need to mark-up my charts, just cut and paste.

ES, +18 points
Amzn a double on the weeklies
Goog a double on the weeklies
Nflx a triple on the weeklies
Aapl a triple on the weeklies

Have a great weekend...

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Last edited by Vikings1; May 4th, 2012 at 02:34 PM.
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  #75 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Hi Vikings. When you say you score a "double" or "triple" is that a set amount % based on how much the option trade for a stock costs? So like "double" your general profit target in terms of option price difference? Also in general are you buying single calls or puts, preferably weeklies but they can also be regular , less than 30 days till expiration options , at your entry points?

I'll try it out on TOS sim. I've done something like this before but from a scan of stocks.

TOS is so much better and flexible to trade and try stuff out these days. Glad they finally added adjustable lower chart areas!


Last edited by Cloudy; May 5th, 2012 at 01:41 AM.
 
  #76 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received


Cloudy View Post
Hi Vikings. When you say you score a "double" or "triple" is that a set amount % based on how much the option trade for a stock costs? So like "double" your general profit target in terms of option price difference? Also in general you are buying single calls or puts, preferably weeklies but they can also be regular , less than 30 days till expiration options , at your entry points?


Hello Cloudy,

As my title of this journal states, "weekly option trader" and I am strickly a "day-trader" who trades only weekly options, ES and FX, no swings and thus NO monthly options.

Double and triple means exactly that...bought aapl at $ 2.16 ($ 575 weekly puts @ 9:34 EST) today, sold them @ $ 6.20 today (@ 10:22 EST)....

I only buy simple calls and puts.......

Profit margin is completely determined by price action and targets I can can clearly see on my charts..like pivots, strong ema's (55 & 200), past month Fibs, & Demark. Some will run, some won't, the ones that don't I am out...the others I let run as far as they want to and WILL add to the position if given the chance to.

Have a great weekend.

V

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  #77 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Thanks, I get what you mean now. Wow, nice on those doubles and triples. I'll give it a try on papersim TOS come Monday and post results on my journal. Thanks Viking. You too.


Last edited by Cloudy; May 5th, 2012 at 01:51 AM.
 
  #78 (permalink)
Insert $12.50 To Play
Seattle, Washington
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: ES, Options
 
Posts: 4 since Dec 2010
Thanks: 44 given, 0 received

Placing trade in ToS

Hi Vikings,

I was wondering how you are placing your trades in ToS. Are you using the ActiveTrader tab, or just straight off the chart?
And thanks for the journal!

-1up

 
  #79 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received


1upTrader View Post
Hi Vikings,

I was wondering how you are placing your trades in ToS. Are you using the ActiveTrader tab, or just straight off the chart?
And thanks for the journal!

-1up

Hello 1Up,

I do not use TOS for any of my trades, I use E-Trade (been with them for over 10 years) for all my weekly options, Apex for my ES, and Forex for my FX trades. TOS is mainly for charting, but I am getting some of my TOS programming reprogrammed for Ninja as that is where I want to end up. TOS can be such a pain at times.

All that said, since I trade a limited group of stocks (6 total) I already know what option I am going to buy as soon as I get a buy signal.

V


Last edited by Vikings1; May 5th, 2012 at 09:23 AM.
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  #80 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Thank you France


I knew after their election today, tonight might be interesting, and it was... Already locked in 7 points and looking to collect some more, probably to the downside.

Tomorrow should be a lot of fun!! $$$$$$$$$$$

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