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re: Options Trading Thread

Posted by slacker00 on 3/30/23 at 8:47 pm
Something like sell 1 /mnq future and buy 2 /m2k futures would be my guess. The ratio would be to balance the trade out since they have different notional sizes. You can adjust the ratio to give more leverage on 1 side or the other to fit your bias. For less leverage you could do a similar thing wit...

re: KaiserSoze99

Posted by slacker00 on 11/29/22 at 5:03 pm
I believe you are correct and the date of his last post seems to line up with that timeline. Sucks. :wah:...

re: Options Trading Thread

Posted by slacker00 on 11/1/22 at 5:56 pm
It's not surprising the volume is up in the last 6 months. It was April/May this year that they phased in the new Tuesday and Thursday SPX expirations....

re: Options Trading Thread

Posted by slacker00 on 10/26/22 at 5:36 pm
I don't normally sell for earnings, but I sold META calls. Will sell puts in the morning....

re: Options Trading Thread

Posted by slacker00 on 10/6/22 at 3:41 pm
I would guess he is buying a week or 2 prior and exiting just before the announcement. Unfortunately I am gone from the house and won't be back until next weekend to look at the book. Might be something on the net as there are studies on this type of thing. I highly recommend him if you can handl...

re: Options Trading Thread

Posted by slacker00 on 10/6/22 at 8:29 am
Euan Sinclair has a brief blurb about Pre Announcement Drift in his book Positional Option Trading. "My preference is for a 50 delta/20 delta, 1-month call spread." He's buying longs in this case. It's not something I trade specifically. I like to sell after the earnings announcement if we got an...

re: Options Trading Thread

Posted by slacker00 on 9/30/22 at 2:34 pm
It was today. I opened 175/139 on 9/19. I just closed the put side out a little bit ago and will decide if I want to enter a new one next week or not. Looked like it would probably pin 140 but I can spare 0.15 not to risk it and start over with fresh strikes....

re: Options Trading Thread

Posted by slacker00 on 9/30/22 at 11:37 am
Not sure if I like Friday expirations better as profits are realized and buying power goes up, or putting trades on and collecting credits on the front end. :nana: F still giving me issues, so this morning I rolled F puts out and down another week rather than take assignment today. I think every...

re: Options Trading Thread

Posted by slacker00 on 9/28/22 at 5:29 pm
Nice job with your UVXY. Green market day was welcome to get the pressure off the put side of the book. Of course there's still a couple days to go but I think my positions for this week's expiration are looking in good shape right now. Still riding ADBE. Looking for full capture on Friday....

re: Options Trading Thread

Posted by slacker00 on 9/27/22 at 7:39 am
Seems like a logical trade that should work out for you. I'm not sure I can explain how the VIX has been acting this year though. :lol:...

re: Options Trading Thread

Posted by slacker00 on 9/23/22 at 12:38 pm
I normally don't have to check in but once or twice a day. I don't want to overtrade a position. I would be tempted if I checked in more often. I went ahead and rolled 4 expiring put positions down and out but still for additional small credit. On Monday I'll probably reopen the call side for them a...

re: Options Trading Thread

Posted by slacker00 on 9/23/22 at 11:25 am
Most are right now. Obviously many traders use the 45 dte and monthly expirations only guidelines and are successful. A few underlyings I decide to trade only have monthlies or their weekly chains are bad, but I think getting more aggressive on the decay curve has benefited me. I have about 15 expir...

re: Options Trading Thread

Posted by slacker00 on 9/23/22 at 7:37 am
Today will be interesting. Did we get most of the move overnight or is there more blood? I don't know. For my short option positions set to expire today I'm waiting until the afternoon to make any adjustments. Have a handful of stuff that could go either way....

re: Options Trading Thread

Posted by slacker00 on 9/21/22 at 8:53 pm
My short options book was net green on the day. I've got about 25 positions at the moment. My worst one right now is Ford and that's feeling heat from yesterday's drop. It didn't really go anywhere today. ADBE short strangle daily P/L was green on both the call and put sides today. :lol:...

re: Options Trading Thread

Posted by slacker00 on 9/19/22 at 5:20 pm
I meant the 30-45+ dte trades. That's a lifetime in the current market. Most everything is 1 or 2 weeks for me. right now. Same for my AAPL. Entered this morning and expires end of the month. For ADBE I entered puts on Friday at the opening bell and calls this morning. Figma tank was on Thursday....

re: Options Trading Thread

Posted by slacker00 on 9/19/22 at 3:24 pm
I was doing similar things last year as your APRN trade but I'm having more consistent success right now using shorter dated expirations and not ATM (both for high IV products and more well behaved ones). eta: just saw your AAPL post. What expiry? I sold a 139p for 9/30 this morning. Back to...

re: Options Trading Thread

Posted by slacker00 on 9/17/22 at 8:31 am
I'm not trying to convince anyone to trade naked options. I'm going to leave that alone other than to say we view risk from different perspectives but I find them much easier to adjust than credit spreads. I trade both but usually only use speculative money if I am using credit spreads. I'm sorry...

re: Options Trading Thread

Posted by slacker00 on 9/16/22 at 7:51 pm
Not sure this thread is helpful unless ppl talk about selections, strategy, and/or how they end up managing the trade. Otherwise it is just a list of random trades. Here's a trade I made this morning as an example: At market open: STO ADBE 9/30/22 260P $1.50 I start with a chart and look for ...

re: Weekly game score predictions

Posted by slacker00 on 9/10/22 at 5:59 pm
You got the score half right...

re: All About OPTIONS - THREAD

Posted by slacker00 on 3/2/22 at 5:48 pm
You are thinking about options wrong. Yes, a call is a contract that allows you to buy 100 shares at that strike price, but it is just a trading vehicle. You want to sell your call when it hits your price target (or stop target) or your thesis changes. You don't usually want to exercise the opti...