Looking for a good option play idea...

Discussion in 'Options' started by mizhael, Jun 22, 2011.

  1. Hi all,

    I am looking for a good option play trade idea... specifically, I am looking for opportunities where the odds look like 100:1 but actually it's about 10:1, etc. i.e. in a bet, if I lose, I lose small but if I win, I win big...

    Any good ideas for the current markets?

  2. Buy OTM put on eur/usd, hope shit hits the fan. Sub 1.40 strikes. Or put backratio.
  3. Buy one of the weekly options on the Thursday before expiration. The odds are much better than your requirements of a 10% success rate. Buy 1 strike OTM.

    My pick of the week:

    • GOOG Jun 2011 485.00 put
    • Buy Thursday sell Friday.
    • Paper trade this and see how it does.
  4. Oh I missed your post.

    Thursday is already passed...

    How did it go?
  5. Bearish Eur? What's a good maturity?

    Hopefully I can see prices from Bloomberg...
  6. Based on quotes at market close for a 1 strike OTM GOOG put the paper trade would be:

    Buy GOOG Jun 2011 480.000 put @ $2.45
    Close on Friday.
  7. pillager



    I am new to equities and options. Can you please tell us why did you choose GOOG for this trade? What kind of analysis did you do? It seems like you anticipated the down move in the UL, am I right here?

    Thanks inadvance for bearing with my noobish questions.

  8. Now trading @ $4.50.

    Since last day of trading is today I would close it. This sort of 1-2 day trade every week with the weekly options should fit your requirements. Also check out the QQQ options, much cheaper.
  9. remember GS in 2010 when the SEC lawsuit came out.. on expiration day LMAO..

    puts that were trading at 2 cents went to 20 dollars
  10. Nice call on that trade FF. Can you explain how you screen for your setups?
    #10     Jun 24, 2011