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Diving into the lake of Options


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Diving into the lake of Options

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  #41 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received

Bought 100 SPY MarWk1 152 puts for .68

Expecting the gap to close either today or later in this week.

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  #42 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received


Pedro40 View Post
Bought 100 SPY MarWk1 152 puts for .68

Expecting the gap to close either today or later in this week.

Gap closed, sold for .98

Profit was 3K, minus commission....(about $300)

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  #43 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received


Bought 50 SPY 150 MarWk1 calls for 0.93

Expecting a rebound, should have bought at yesterday's close, but I was out of the house...

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  #44 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received

I have put in a limit order for 1.1

Edit: filled, profit was 850$ minus 150$ com.....

Again, once the market went against the position, I should have averaged in, I was pretty damn sure of the rally. At the lowest the calls were 0.65

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  #45 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received

Bought 50 SPY MarWk1 puts for 0.52

Market seems overextended...

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  #46 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 50 SPY MarWk1 puts for 0.52


Closing it with loss at the close. I haven't got the fill yet, but around 0.15...

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  #47 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 376 received


Pedro40 View Post
Closing it with loss at the close. I haven't got the fill yet, but around 0.15...

For some reasons the trade didn't execute yesterday. I put it through 4:02 pm or so, I thought options are open until 4:15. maybe there was no trade after 4 pm, so no trade in Virtual world either. The price would have been 0.33

So I executed it at the open and I got a better price 0.44, thus loss was only -400$ minus (well, plus) 150$ com...

Edit: It was the 151 puts, I forgot to mention...

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  #48 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Bought 50 SPY 153.5 MarWK2 puts for 0.55 Expecting the gap to close in a few days. If the market goes higher, I will buy more...

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  #49 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
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Pedro40 View Post
Bought 50 SPY 153.5 MarWK2 puts for 0.55 Expecting the gap to close in a few days. If the market goes higher, I will buy more...

This one expired worthless with a loss of 2750$..

From tomorrow I will start to build a bigger short position, because I expect the market to turn South for 5-7 days...

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  #50 (permalink)
milwaukee,wi, usa
 
Experience: Intermediate
Platform: Mobile TWS & mobile TOS. Dough.com
Broker: IB, TOS, FXCM
Trading: futures and options. looking into forex
 
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Pedro40 View Post
This one expired worthless with a loss of 2750$..

From tomorrow I will start to build a bigger short position, because I expect the market to turn South for 5-7 days...

What is the basis of your analysis for the trades you are taking?

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May 10, 2013


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