| StockFetcher Forums · Stock Picks and Trading · Options Trader who is legit | << 1 2 3 4 5 >>Post Follow-up |
| ThaGekko 139 posts msg #129686 - Remove message |
7/8/2016 2:24:13 PM AA looking to fill the GAP. Nice call on the double down!  |
| dashover 229 posts msg #129734 - Remove message |
7/11/2016 10:52:23 AM SOLD AA 7/10 CALLS @ $ .34 ON MKT ORDER $100M SOLD 20 OPTIONS 10 Turned long into a spread and took equity out... |
| ThaGekko 139 posts msg #129735 - Remove message |
7/11/2016 11:27:35 AM Obviously your holding these AA positions through earnings after the bell today? Think they are going to beat expectations? |
| dashover 229 posts msg #129772 - Remove message |
7/12/2016 3:52:41 PM SOLD AAPL SHORT @ $97.29 ON MKT ORDER BOUGHT AAPL 7/29 96.50 PUTS @ $1.78 on mkt. |
| dashover 229 posts msg #129829 - Remove message |
7/14/2016 3:50:40 PM Added to some Aug 25 SPXU calls @.55 |
| dashover 229 posts msg #129850 - Remove message |
7/15/2016 4:16:25 PM Traveling for the next 10 days at Yellowstone... Oz will provide daily updates and of course update the spreadsheet as quickly as possible. In addition to options he does some work with long and short stocks/ETF's and will refer to them in the daily report.. http://www.greatwizeoz.com/dailyreport/ |
| dashover 229 posts msg #131162 - Remove message modified |
9/14/2016 3:43:37 PM last 5/5 trades connected! see the spreadsheet www.greatwizeoz.com Dash |
| gmg733 788 posts msg #131167 - Remove message |
9/14/2016 9:08:38 PM Dash. I've been trading options for a while and it took a while to get the hang of it but I've profitable for some time now. Like most I try different techniques and I'll share what I learned through my tuition that is the market. Some of these tips I learned on my own and from professionals. 1. Never buy options unless volatility is low, like a calendar, or unless you are hedging. 2. Try to be none directional. Make theta work for you. 3. Always manage early. 50% in most cases. I learned this after seeing credit spreads profit slip away month after month nearing expiration. 4. If you wanna be directional, finance it. Buy a put but sell two calls and try to do for a small credit. Or do ratio spreads for little to no money. Be aware this is a directional play. If it goes your way or does not move you profit. 5. Learn to be able to adjust trades. I don't know how many losers over the years I've rolled month to month or managed my deltas to get out of a trade for a scratch, small profit or mitigate my loss. I've seen guys who just sell crude 10 delta strangles every month and make money, good money. I need to incorporate more ATM machine strategies into my accounts like this as a basis or core and trade around it. I've seen core positions being net short in bonds and spx this year and these guys make money trading around this. Delta management techniques. Thanks for the tip on the site. I started trading futures recently because I wanted more leverage and a lower effective rate. It'll be nice to see how a pro does it. :) |
| dashover 229 posts msg #131176 - Remove message modified |
9/15/2016 10:36:10 AM gmg, I agree buying something and selling something is less risky, but it requires 4 moving parts when you adjust and that's a lot for newbies... A guy who manages a huge hedge fund that I befriended likes to sell 6 month calls when IV's are through the roof and buy 2 month calls and I was toying with selling long term (March 17) calls and doing some call verticals in say November and waiting for the Vols to collapse? How have you done with your calendars and do you keep them at the same strikes or are they diag's? Dash |
| gmg733 788 posts msg #131185 - Remove message modified |
9/15/2016 5:06:20 PM For calendars vol has to be low (or I won't do it) and I usually sell around the 45 day front month and buy a back month for a small debit. I look to manage at 10 to 25 percent profit. Profit usually comes in the form of vol expansion as the back month vol will rise faster than the front month, not direction. Usually same strike. I don't like doing them but don't have many options when vol is zero. Insane. Adjusting trades doesn't mean adjusting all legs of a trade. For instance, if you are in a strangle and the most goes against you you can roll the low delta side to collect more credit and reduce cost basis. Some will roll into a straddle. Once I'm at a straddle I'll roll out in time unless my deltas are just screwed. Then I'm selling around it waiting until I'm right. Last week I was short about 600 deltas and Friday got the ship back on track as my deltas came in and boom take profits. I've been short for weeks and finally got paid. |
| StockFetcher Forums · Stock Picks and Trading · Options Trader who is legit | << 1 2 3 4 5 >>Post Follow-up |