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Diving into the lake of Options


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Diving into the lake of Options

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  #11 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received

Should have bought NFLX calls. The damn thing is up 33% in after hours trading. Crazy.

Regarding today's action, the chart was just like a duplicate of yesterday. A bottom at 10:30, then slow up from there.
My position was at half on the bottom and at 20% by the close. Apple's earnings failed and the stock is down -10%, so that is actually bringing down the futures, they are below where they were at 10:30 am.

So we shall see tomorrow. I might thrown in a few trades intraday if I get a clear signal...

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  #12 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received

Although NDX was nicely down this morning because of the AAPL earnings, SPX stubbornly rallied. Now at a little pullback I decided to close the position, lost 95% on it, sold at 4 cents. The account is at 26K, pretty much back to where it started. I expected this week to be a down one, but there hasn't been even a decent pullback, just relentless upgrind....

And we start a new chapter....

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  #13 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


Bought 50 SPY 149 Jan for 0.62 Expecting a few points bounce, will sell at .80 or so....

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  #14 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


Pedro40 View Post
Bought 50 SPY 149 Jan for 0.62 Expecting a few points bounce, will sell at .80 or so....

Sold it at 0.71 The position went against me first so I am happy to get out with this gain. After com. profit was $300...

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  #15 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received

Bought 50 Jan 149 SPY for 0.65 Will double if falls 2 more points....

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  #16 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 50 Jan 149 SPY for 0.65 Will double if falls 2 more points....

Sold at 0.81 Profit was $640 after com.

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  #17 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received

Bought 50 FebWk1 150.50 SPY puts for 0.95 Here I am assuming that today is ending in a Hanging Man and that will signal the top for at least temporarily... If the market still going up tomorrow I will dump it at half loss....

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  #18 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 50 FebWk1 150.50 SPY puts for 0.95 Here I am assuming that today is ending in a Hanging Man and that will signal the top for at least temporarily... If the market still going up tomorrow I will dump it at half loss....

Sold it at 1.13 Profit was $750....

Probably early, but after the open there was already adverse market movement and I didn't want to give all the profits back, while the direction isn't clear...

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  #19 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received

Bought 50 FebWk2 150 SPY puts for 1.14 Planning to hold it for a few days, that's why I chose an option with longer expiration...

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  #20 (permalink)
Kuala Lumpur, Malaysia
 
 
Posts: 6 since Jan 2013
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Hi,

Wonder why not apply for a TOS papermoney so that you get better and more relistic trading enviroment. Just 2 cents.

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May 10, 2013


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