My option trades

Looks like I'll be safe for a while.

Off to a quick workout. It's kinda fun being in school and being able to trade and have all these gangsta traders hanging around here and learn quite a few.

Hopefully come interview time I'll be able to use some stuff I've learnt from here.

 

03-20-12 07:14 AM
New Mechanical Trading System trade, Buy 1 is filled.
Here's the Output:
Buy 1: SPY APR 140 Calls at 2 .15 / Sell at 2.69, but if it tanks before profiting then
Buy 2: SPY APR 140 Calls at 1.60 / Sell all at 2.30
Stop: 1.45
R/R: 1/1
----------------------------------------------------------------------------------
03-22-12
Buy 2 is filled at 1.65 (SPY120421C00140000)
Our trade management rules state:
If Buy No. 1 is in draw down and Buy No. 2 isn't filled by the close of Day 2, add +.05 to Buy 2 for the remainder of hold time.
Sell Limits and Stops remain the same.

(Don: Underlying was in a 2 minute range of 138.79-138.94)

 

I see. And if you are short and even delta hedged, it doesn't offer solace. Yeah. That's annoying.

 

Sorry about that and I agree with you. Busy household of 7 with lots of demands on my time. I will try and fire it off quicker next time.
Options at about 1.80, could still go either way at this point.

 

Deleted my last. I thought the 141P signal was 141 calls. Disregard.

 

atticus,

The 3/21/12 post with the put trade (the one you had the web link
for) did not fill.
However there is still an open call trade position from the 3/20/12 post on page 150. (5 day hold on calls, or limit sell or stop, "whichever comes first.")
http://www.elitetrader.com/vb/showthread.php?s=&threadid=231231&perpage=6&pagenumber=150

 

Got it. On the same page now.

 

No, my apologies. You posted this on 3/20. I assumed it had not been posted until today.

 

Well I took my break and just got back on the computer with an hour to go before the close.

I tried to re-enter that calendar in PCLN again. This time I clicked on the sell of the March end of month weekly, it seemed to give me correctly a sell in March and a buy in April. I changed it to CALLS. Still the TOS machine REJECTED it. So I am at a loss now. Going to have to give up for another day.

Don
In answer to your query. I show two weeklies in the TOS option chain. One expiring March tomorrow Friday and one expiring in 8 days from now.

For some reason I am not able to enter the calendar spread?

I´m about done with trying to do that today. Will maybe get together with TOS HELP tomorrow.

All I got into so far is QQQ today. The stocks never filled.

 

Since I don't feel options are made for active trading, I don't bother with weeklies. You're welcome to of course, evidently many do. Just more money for the exchanges, more products. Capitalism at it's best I guess.

Don