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Allistah's Weekly Options Seller Journal
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Allistah's Weekly Options Seller Journal

  #21 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

I used to use the Prophet Charts all the time but I've since moved over to the ToS charts. I write thinkScript for strategies and then I can backtest it on the ToS charts. I like the Prophet charts but they don't give me the functionality that that ToS charts do. You can write your own indicators, etc as well if you like in thinkScript. The ToS charts are just have a lot more functionality. Some things aren't as good, but overall they're better IMO.

Yes, I do avoid selling spreads if the earnings announcement will be before expiration. Thanks for bringing up that, I completely forgot about it and it's just something I do without thinking about it.

-Alli

 
  #22 (permalink)
Shri
Dallas, TX
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Mirus/zen-fire
Favorite Futures: NQ, ES, 6E
 
Posts: 98 since Aug 2009
Thanks: 102 given, 63 received

Hi,
Good to see someone trading spreads.
My long term goal is to do spreads to generate income.

I wish you good luck

The greatest danger for most of us is not that our aim too high and we miss it,
but that it is too low and we reach it.
 
  #23 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


Are you doing any spread trading right now? If so, I'm curious - what do you do?


-Alli

Sent from my iPhone

 
  #24 (permalink)
Shri
Dallas, TX
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Mirus/zen-fire
Favorite Futures: NQ, ES, 6E
 
Posts: 98 since Aug 2009
Thanks: 102 given, 63 received

I am not doing any spreads currently.
Just long calls and puts, but day trade NQ and ES full time.

The greatest danger for most of us is not that our aim too high and we miss it,
but that it is too low and we reach it.
 
  #25 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

All of the spreads for this week are doing well at this point - all except one on SINA. It's still above the short strike which is fine if it stays there. It has not moved up much since the day I opened it. It does however have bullish divergence on the MACD and a double bottom on the 1 hour chart (chart below) All the others have rocketed up and are pretty safe. With tomorrow being a holiday, I get a free day of Theta decay in my favor. :-)

Starting to take a look at where things currently are in preparation of selling more spreads for next week starting on Thursday.

-Alli

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Last edited by Big Mike; July 23rd, 2012 at 03:34 AM. Reason: Attachments removed by request of original poster
 
  #26 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Next weeks options become available tomorrow morning. The markets look overbought on the hourly, daily, and weekly. This gives me a bearish outlook for the next week.

I'll be looking to enter bear call spreads this week.

 
  #27 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Opened 3 new bearish positions for next weeks expiration

I've opened three new bearish positions for next weeks expiration. Here are the orders. Annotated charts to follow.

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Here are the charts for these three trades:

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


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


Last edited by Big Mike; July 23rd, 2012 at 03:34 AM. Reason: Attachments removed by request of original poster
 
  #28 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

This is where I ended up at the end of the day today... I added two more spreads in addition to the three from this morning.

All of the spreads opened for next week are:


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The charts for the two other trades are:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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


Last edited by Big Mike; July 23rd, 2012 at 03:35 AM. Reason: Attachments removed by request of original poster
 
  #29 (permalink)
Trading Apprentice
San Jose, CA
 
Futures Experience: Beginner
Platform: Thinkorswim
Favorite Futures: stocks, options
 
Posts: 6 since Jul 2012
Thanks: 3 given, 1 received

OnDemand!


Allistah View Post
When you have the date and time, you can use the "OnDemand" feature in the ThinkOrSwim platform and see exactly what the charts were at that exact second as well as the cost of the spread. I had a hard time going back to look at losing trades without the time just for this purpose.

OMG!

You'd piqued my interest and I dug up a quick tutorial thanks to some Googling (I can't post a link yet). Wow! I can't believe I didn't know about this feature.

Anyone who uses TOS and doesn't know about it should check it out.


Last edited by cwerdna; July 6th, 2012 at 07:45 AM.
 
  #30 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


All of my spreads for this week are looking perfect and should expire worthless over the weekend. Once the market closes, I'll post a summary of the trades for this week.

-Allistah


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