FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Options > My option trades

Old Mar 15th, 2012, 01:31 PM   #787
ryanpatrick
 
 
Join Date: Nov 2011
Location: US
Posts: 360
Quote:
Quote from Nine_Ender:

Falcon, as an experienced options trader, I have noted that the posts from Ryan the last 24 hours are not making sense. I would warn you there is a strong chance he's making it all up.

Even if we were to give him the benefit of a doubt, the AAPL trades as quoted are a horrendous strategy.
Yeah, I'm testing AAPL puts again.....I'm making it up too....but just bought 1 AAPL March 23 2012 $585 puts at $14.00. I just feel like the correction in AAPL is coming, putting a stop at $8.75 though and going to watch it closely again.....Funny you mentioned that they don't make sense, hell, they still don't make sense to me too....but I would have bet my house yesterday that AAPL hits $600 by end of week. That's how strong the intraday tape was showing in the afternoon. Things look different today. AAPL is struggling, and I can almost see that large funds are locking some profits here.

Dare put your money in AAPL puts now Nine_ender? I don't have a guarantee, hence the stop loss, but we'll see if I'm right about AAPL falling back to at least $550 by end of next week.
    Quote
Old Mar 15th, 2012, 01:33 PM   #788
jeffalvinson
 
 
Join Date: Nov 2006
Posts: 453
Quote:
Quote from ryanpatrick:

I noticed PCLN making big swings too lately, but that just maybe due to the market.
Ryan,

That swing is because I just bought my wife airline & hotel accommodations to Hawaii for the niece's wedding! (ggg...gg...g)



Jeff
    Quote
Old Mar 15th, 2012, 01:34 PM   #789
ryanpatrick
 
 
Join Date: Nov 2011
Location: US
Posts: 360
Quote:
Quote from jeffalvinson:

Ryan,

Speaking of CREE, later in the day yesterday I added CREE April 30 calls at 1.50 to make a strangle out of my CREE 29 puts at 2.00.
But just like with any of these straddle/strangle positions the
same old dilema occurs, "how is this stock going to move enough to make me profitable?"
For instance the calls have easily hit a bid of 2.50 today making the calls worth +66% more than what I paid for them, but then the put bid was around 1.40 ( -.60 under cost).
So 2.50 (calls) plus 1.40 (puts) equals 3.90 pair minus a
3.50 pair debit = +.40 profit.
It just not worth trading for +11% profit (around +9% after commissions).
I haven't done a straddle or strangle in a long time and now I remember why!


Jeff
Hey Jeff,

Optionsxpress allows a strangle to be played with 1 commission cost only.....saves half the commission cost right there. But, you're right. The stock has to make a strong move in 1 or the other direction, and with something like CREE, I don't think we'll see that in 3 days. It might have to be a 2-3 week trade to make it last. Even had trouble with earning trades making enough of a move.
    Quote
Old Mar 15th, 2012, 01:48 PM   #790
jeffalvinson
 
 
Join Date: Nov 2006
Posts: 453
Quote:
Quote from ryanpatrick:

Hey Jeff,

Optionsxpress allows a strangle to be played with 1 commission cost only.....saves half the commission cost right there. But, you're right. The stock has to make a strong move in 1 or the other direction, and with something like CREE, I don't think we'll see that in 3 days. It might have to be a 2-3 week trade to make it last. Even had trouble with earning trades making enough of a move.
I haven't done a straddle/strangle in 12 years and I already see
why I stopped doing these things.
"Its like watching the grass grow! First the puts are up.....but the total debit doesn't change much, then the calls are up.....but the total debit doesn't change much.
This takes time and patience and at my age I no longer have those qualities.
I set my limits and stops for either a +25% overall profit or a break-even plus commissions.

Ryan also take a look at the attached 5 year chart of the SPX.
I see smooth sailing to 1440-1450. If I was a betting man, I would bet no correction > -2% to that level.

Jeff
Attached Images
File Type: gif spx 5 yrs 03_15_2012.gif (38.7 KB, 31 views)
    Quote
Old Mar 15th, 2012, 02:20 PM   #791
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,879
Quote:
Quote from Nine_Ender:

Falcon, as an experienced options trader, I have noted that the posts from Ryan the last 24 hours are not making sense. I would warn you there is a strong chance he's making it all up.

Even if we were to give him the benefit of a doubt, the AAPL trades as quoted are a horrendous strategy.
There is a strong chance you're a fcuking hand puppet. You wouldn't know a good trade if it fell from the sky, landed on your face, and wiggled.
    Quote
Old Mar 15th, 2012, 02:30 PM   #792
falconview
 
 
Join Date: Jun 2010
Posts: 1,465
I´m enjoying the heck out of Ryan.

I spent the past two years, from the experts, to the hidden amateurs, criticizing my learning process, slow as it is. I have been insulted and told so many various ways of trading. Only ATTICUS had the guts to post his equity balance one time. ( making $20,000 a month at that time)

Anyway, I am chortling in my soup. As RYAN comes on here and confounds EVERYBODY using their pet strategies and standard book learning rules, by earning 555% in the last three months. I did look his strategy up. It is called BEHAVORIAL TRADING, and those that do it, are making fabulous amounts of money. Not too many people do it though as it goes against all the trading lore, posted on here by the diehards.

It is a diversified method of trading, more like using a shotgun with bird pellets. You also use ALL YOUR ACCOUNT practically every week. Takes intimate knowledge with stocks, which RYAN has from 5 years of trading earnings in stocks. Just making the switch to options which give more leverage. Violates all the rules put on over the last two years, by the professionals.

I just LUV to see his equity balance on here climbing like a space shuttle. I´m trying to adapt and test different variations of what he is doing on here to my own ideas. I couldn´t do what he is doing though, lack the background intimacy with stocks and earnings. There may be however, a way to adapt this to some graphical way of trading. In the meantime KEEP IT UP RYAN!

You are a champ!
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider