GPS $24.34, one to watch for its e/r on 8/18 option volume shows 2250 against 25 oi for the 8/19 $23.50 put @ $.70 option pit has bought a sep put strike 24 @ $1.23 (check youtube)
marked a VXX wed variation trade on 7/20 entry wed $11.12, exit thu $11.55 3 lot, $3336, return $129, 4% return
thu/fri VXX trades since May 5, 12 trades, 11 winners, 1 loser 5 of the 12 were wed variation, in wed, out thu, all 5 winners with 3 lot trade size, winners ranged from $66 to $888, one loser was $60 3 lot trade size ranged from $3336 to $4611
made trades on fri 8/5, AAPL sold 8/26 110 call .78, stock cost basis $110.....ok with getting called out GDX sold 8/26 29 put .67....ok to roll and/or add more capital
repost with corrections..... when trading weekly options and buying calls, puts, straddles or strangles, stock price needs to move thru an option strike price, the option going from OTM or ATM to ITM, should increase in value, latter in the week, options cheaper, option price move can be greater, if stock moves, if you have directional bias, buy calls or puts, no bias and stock is at a strike price, buy straddle at that strike, (can also buy a strangle when stock is at a strike) no bias and stock is between strikes, buy strangle at those strikes, the idea with a strangle or straddle is that the gain on one option covers loss on other, realize you can lose the entire amount of the trade, you either have to watch market to take exits, or set contingent orders #135 Sep 2, 2014
for week ending fri oct 28, 2016 TLT, $130.50, nov 18 130.5 call @ $1.55 (from optionpit trade of the week) watching AMZN, $776.32, for a BuCS, dec 800/820c, about $6 Db, or a BuPS holding GDX, $23.81, entry $23.10, oct 20, chart looks ugly
http://www.manjw.com/elite-performers-mindset/#more-1027 The Buddha said, “With your thoughts you create your world, the wise person controls their thoughts.” So be careful what you think. Where your thinking goes, your energy flows. Make sure your thinking supports the outcomes you desire. Make this a daily practice and activate the wise person within you. What’s Playing At Your Cinema? refer to past successes, no matter how small they may be. Go on, be the star and load a great movie!
quick follow up on some short term option trades I was watching, no positions taken.... MON, calls, loser COF, puts, loser HD, calls, loser DIA, calls, still open
To improve at anything, begin with determination, write out the orders, then take action, and keep going with urgency, get serious, look to victory. Have a championship approach, see that trophy.
a hedge idea I got from another trader that I want to take a look at, sell 10 SPY shorts puts, take a little bit of that credit and buy a longer out long put maybe 1 or 2 long puts from that credit when you get a down turn it will give you the time to adjust and make a little profit