Need help finding a way to trade with a 1/100 (risk/reward)

Discussion in 'Options' started by anycolour, Nov 3, 2019.

  1. It was only a matter of time before the wsb asylum bursts and some land here.
     
    #31     Nov 7, 2019
  2. 1. Only trade on Friday
    2. Find stocks with EXTREMELY high RVOL. You are looking for 4-5x RVOL on stocks like AMZN,TSLA,BA,etc
    3. Hope for a 20-50 point move.
     
    #32     Nov 7, 2019
    Fx-Game likes this.
  3. anycolour

    anycolour

    Thinkorswim doesn't have an RVOL indicator. What's the closest thing to it in Thinkorswim? Thank you!
     
    #33     Nov 7, 2019
  4. notagain

    notagain

    ROKU down 14% after beating earnings estimate
    Screen Shot 2019-11-07 at 10.25.25 AM.png
     
    #34     Nov 7, 2019
  5. anycolour

    anycolour

    Thank you @notagain. How would you trade the Roku scenario.

    1) Would you have traded it before earnings? Held through earnings release?
    2) Buy the dip / continue shorting?

    And your reasoning behind your trades?

    Thank you!
     
    #35     Nov 7, 2019
  6. anycolour

    anycolour

    Thank you guys for your help! Especially to those encouraging and providing advice for executing my idea. But I also appreciate those shooting down my plan, I understand where you're coming from too.
     
    #36     Nov 7, 2019
  7. Not built in..

    Do some google-fu and you can find the appropriate thinkscript code.Create a column on your watch list and use that code, and you should end up with something like this.

    The key to big trades. High RVOL + High TrueRange
    upload_2019-11-7_10-3-53.png

    TBH, if your plan is to throw 10k into a single trade, you will most likely lose. I would at least split that into 4ths.
     
    #37     Nov 7, 2019
  8. notagain

    notagain

    small throw away bet on a wild illogical stock, trades like a penny stock
     
    #38     Nov 7, 2019
  9. If it helps any. Here are a few of the monster options trades from the past few months. I'm sure there are a few not on the list.

    UNH - 04/16
    UNH - 04/11
    TSLA - 10/25
    AMZN - 8/23
    NFLX - 9/20
    ROKU - 9/20
    AMZN - 10/25


    Basically, you need a big directional move on a large-cap, on a thursday or friday. Those type of opportunities don't come too often, so you might be waiting a while.
     
    #39     Nov 7, 2019
  10. ironchef

    ironchef

    Options.
     
    #40     Nov 7, 2019