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Diving into the lake of Options


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Diving into the lake of Options

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  #21 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Don't I have to open an account with them? For the practicing purpose, this CBOE virtual trader is just fine...

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  #22 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Bought 10 HLF Feb13 35 calls for 4.1 I should have got it earlier today when the price was lower... I am expecting the stock to go back to $40 in a week...

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  #23 (permalink)
Pittsburgh, Pennsylvania
 
 
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Sold 15 GSK Feb13 46 calls for 0.4 I don't expect the stock to stay above $46 for the next 2 weeks...

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  #24 (permalink)
Pittsburgh, Pennsylvania
 
 
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Pedro40 View Post
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...

Sold it at 1.2 because expecting adverse move. Probably reshort later....

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  #25 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Bought 30 SPY Feb2wk puts for 0.66 Expecting the gap to close sometimes today....

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  #26 (permalink)
Pittsburgh, Pennsylvania
 
 
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Pedro40 View Post
Bought 10 HLF Feb13 35 calls for 4.1 I should have got it earlier today when the price was lower... I am expecting the stock to go back to $40 in a week...

Dumped it at 2.6 This will go into the "good idea, but bad timing" folder. I should have got it when the stock was under $36 (got it when the stock at 37.4) and yesterday it peaked to 38.5 but I wasn't watching it, so missed opportunity.

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  #27 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 30 SPY Feb2wk puts for 0.66 Expecting the gap to close sometimes today....

Sold at 0.76....

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  #28 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 10 HLF Feb13 35 calls for 4.1 I should have got it earlier today when the price was lower... I am expecting the stock to go back to $40 in a week...

Well, it took 2 weeks. Of course I am out of the position, but today AH came the move I was waiting for. The stock got stuck around $36 for a whole week, but today it was revealed that Mr. Icahn has a 12% stake in HLF and the stock is above $47 in AH trading...

How well, I need more persistence.... It would have been a 10 bager....

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


Pedro40 View Post
Sold 15 GSK Feb13 46 calls for 0.4 I don't expect the stock to stay above $46 for the next 2 weeks...

The expectation played out, the value is 5 cents right now, and the calls expire tomorrow. If nothing big move happens (stock is at 45.66), the gain was $600 minus commission...

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


Sold 7 HLF 42 FebWK4 for 2.8

Again, I am a bit late, should have sold after the open. As long as the stock is below 44.8 by the end of next week, I am not going to lose money...

Edit: It looks like stocks and their option quotes are delayed, but indexes are not...

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May 10, 2013


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