My option trades

Discussion in 'Options' started by ryanpatrick, Nov 21, 2011.

  1. +AMZN July 190 @ 905
    + AMZN March 170p @505


    gong to sell front 180c/170p
     
    #171     Feb 1, 2012
  2. No problem. I looked at both and figured, 0.30 for an extra 2 weeks is worth it. They are moving fairly fast higher too. I did get tsco at 3.20 for the 80 calls, and MA spread at 3.10 with the 365/375 calls. Just 1 contract on the MA position though, $310 exposure is more than enough. That's it for me. Should have just dropped BIIB, but it just broke out of a long base and I feel like this is the start of a move for BIIB. Hope I'm right. Overloaded right now though, I'll definitely close plenty out tomorrow.
     
    #172     Feb 1, 2012
  3. I'm trying to understand what you're trying to do, but I'm not seeing it. Sorry still at the simple level in option trading.
     
    #173     Feb 1, 2012
  4. hope you're right - it's in my 401(k)

    lol
     
    #174     Feb 1, 2012

  5. july 190c
     
    #175     Feb 1, 2012
  6. it popped. :)

    think we're all happy.
     
    #176     Feb 1, 2012
  7. LOL, never go into a trade with hope.....always go into the trade with confidence knowing the odds are on yourside. I need two see some profits in today's trades. The SYNA and BIIB gains can only hold my account at $5400 for so long.
     
    #177     Feb 1, 2012
  8. just curious - did BIIB hit 118 AH and then rally to 121? never traded it
     
    #178     Feb 1, 2012
  9. you're first gut feel is always (usually) the best - just like taking tests (wish I would take my own advice!)
     
    #179     Feb 1, 2012
  10. I find whenever I change my mind and set up a spread to try and "reduce risk" - there will be times when I limit profits; that's OK If the move (trend) continues and you have an account that allows you to roll out of one strike into a higher (or lower), and maybe at some point hold naked or ratio of more short than long options.

    i sold GMCR feb65c and bought march 70c (after selling march 57.50c today for about a $1.1 and opening said march 70c)

    also sold gmcr feb47p figuring to take stock if traded lower (if not then leg into otm put after earnings to lock in profits

    oh yeah, also + gmcr march6250c but less than quantity sold of feb 65c
     
    #180     Feb 1, 2012