gmg733
788 posts
msg #143444
- Ignore gmg733 |
5/4/2018 8:13:08 AM
You want to be short volatility when volatility is high for that underlying component. Right now the IV of the SPY is not high enough for me, but it won't prevent me from selling calls on rallys. Yes it is somewhat counter intuitive because when SPY rallys IV goes down.
There is plenty of volatility in the market for options sellers. Just not the SPY right now.
Its easy to be long gamma and short theta. And its easy to lose money that way. :) If you want to do this do spreads and or calendars, IMHO. My opinion is this works well for day traders who won't have to worry about theta, but that doesn't fit my style of trading.
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gmg733
788 posts
msg #143445
- Ignore gmg733 |
5/4/2018 8:28:47 AM
/6S coming into support. Counter trend rally soon?
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johnpaulca
12,036 posts
msg #143446
- Ignore johnpaulca |
5/4/2018 9:53:53 AM
WELL($55.89)...trying to breakout
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gmg733
788 posts
msg #143447
- Ignore gmg733 |
5/4/2018 10:40:38 AM
Bartune
Out of HD at 4.08 which makes it a scratch trade not including commissions.
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BarTune1
441 posts
msg #143448
- Ignore BarTune1 |
5/4/2018 12:12:13 PM
thanks for the update greg
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mahkoh
1,065 posts
msg #143449
- Ignore mahkoh |
5/4/2018 3:55:14 PM
mahkoh
977 posts
msg #143356 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..
*************
Sold at 44.82
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BarTune1
441 posts
msg #143466
- Ignore BarTune1 |
5/6/2018 8:56:20 PM
Got out of HD at 4 near the close ... made about $40 on the trade ... 2 contracts ... got slightly better pricing in and out ...
Let me know if you see anything else that looks good!
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gmg733
788 posts
msg #143467
- Ignore gmg733
modified |
5/7/2018 9:17:22 AM
Yeah last week a lot of stuff closed. So I need to go hunting again. :)
I thought I posted a /CL strangle but I can not see where I posted it. It closed last week but I'm looking at putting another strangle on again in /CL.
Nice trading on HD. I like options because at least I have a chance to scratch a trade with a little market cooperation.
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johnpaulca
12,036 posts
msg #143468
- Ignore johnpaulca |
5/7/2018 9:47:01 AM
XAU....will nibble a few gold stocks here, will need to get pass 2-hr bands
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johnpaulca
12,036 posts
msg #143469
- Ignore johnpaulca |
5/7/2018 9:49:07 AM
LABU...betting on more upside...went long on friday
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