BarTune1
441 posts
msg #143343
- Ignore BarTune1 |
4/25/2018 12:32:33 PM
JP, You are predicting a bad day tomorrow?
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johnpaulca
12,036 posts
msg #143345
- Ignore johnpaulca |
4/25/2018 12:49:04 PM
BarTune1
422 posts
msg #143343
- Ignore BarTune1 4/25/2018 12:32:33 PM
JP, You are predicting a bad day tomorrow?
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I'm betting on it, will have to wait and see what happens to FB earnings in AH
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gmg733
788 posts
msg #143348
- Ignore gmg733 |
4/25/2018 4:11:31 PM
4/11/2018 3:50:40 PM
Short /PA @ 956.55
We'll see if she'll hunt. Pulled back into 200DMA and resistance. If it close the other way I'll be out.
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I ended up adding another short lot to this position and just closed it for a profit. If you want details, I'll go did them up.
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johnpaulca
12,036 posts
msg #143352
- Ignore johnpaulca |
4/26/2018 9:25:27 AM
FB.....$172.84 was my target. Auction today at 1pm look for money ushered into bonds.
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BarTune1
441 posts
msg #143353
- Ignore BarTune1 |
4/26/2018 10:40:39 AM
hey greg,
this HD trade is going a little offside ... are you taking any action?
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johnpaulca
12,036 posts
msg #143355
- Ignore johnpaulca |
4/26/2018 11:51:38 AM
FB....did not disappoint, America is great again. Some heavyweights will declare today, volume has been very thin meaning bots are in control of this market....glty
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mahkoh
1,065 posts
msg #143356
- Ignore mahkoh |
4/26/2018 3:06:58 PM
mahkoh
968 posts
msg #143304 4/23/2018 3:33:36 PM
AAXN (42.84) big call buying on the June 45 strike.
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Was near 45 premarket, probably sentiment from IRBT upping guidance. Guess I should have taken it..
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gmg733
788 posts
msg #143357
- Ignore gmg733 |
4/26/2018 3:38:42 PM
Bartune. Not yet. I've been busy today but that booger really shot up today. I will adjust it tomorrow. I might roll it out and tigthen up the strikes or I may roll into a straddle. I don't like rolling out due to earnings, nonetheless it is what it is when defending a trade.
The reason I did this trade is IV was elevated and I thought I could sneak in under the earnings wire here for a quick one. Nope. Gonna make me manage it. I got sideways on HD last year and managed it for a few months and managed a scratch. I love options!
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gmg733
788 posts
msg #143358
- Ignore gmg733 |
4/26/2018 3:39:16 PM
Low volume rally in indices today. Humm!
Probably runs into month end and then kaput!
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gmg733
788 posts
msg #143359
- Ignore gmg733 |
4/26/2018 3:48:27 PM
Bartune, I just rolled up my put to the 185 put (straddle) and collected 2.30 for a total credit in the trade of 4.08. I moved my profit stop to 4.00 even.
Since we are within 15 days you can expect some whipping around due to gamma. And I don't expect this to go to expiration, but at expiration if between 181 and 189 then we scratched. I'll see how it behaves the next few days, I may roll it out in time to collect more premium.
I'll reiterate this is not normally how I'd trade this. But with IV so high before earnings I took a shot.
Normal trade, about 45-60 DTE, profit stop between 20-40% depending on strategy, high IV. If a strike is tested, roll untested side up/down. Close with 21 DTE if profitable, if not roll trade out to next month even if it has earnings.
If you are following this trade this is a good lesson on how to manage a trade that has gone against you. If the markets cooperate we'll be able to scratch or make a little money.
I've been managing a bad XRT trade now for 3 months, but I've almost broke even and I've been wrong the whole time. :)
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