As someone who also owns the 2/19 $140 strike I hope that this guy knows something.
Stock Markets
24,741,229 Views |
233446 Replies |
Last: 1 hr ago by FishrCoAg
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
Wow my 190/200 2/19 spreads gonna pay!
"When you wish upon a star"
"When you wish upon a star"
They must have seen me buying more $150 2/19 calls at $0.07 like the degenerate I am. At least my cost basis is now $0.40 on those lol.oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
My thought as well on both pointsBrian Earl Spilner said:
Fairly sure that's global. But WAY ahead of projections when they launched.
While y'all have been fretting on the fruit company (you're exempt from the fret OA) I never got in your play but have been holding 130/150/170 fly's for 2/19 and 125/145 spreads for 2/19 as well.oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
Allow me to give a small hint as to why I prefer these plays to what everyone has been jumping on..........I bought these a few weeks ago when 145calls were lighting up like gangbusters. They were dirt cheap, and I just continue to let theta work for me while the fruit has been floating in my range. Maybe if the fear of open ended options has you down, flys and spreads may be more your thing? Just a thought.
Now, back to our regularly scheduled program.
Let's moonshot AAPL and make all us happy, ideally with it closing at 150 on Friday next week
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
NRD09 said:
Wow my 190/200 2/19 spreads gonna pay!
"When you wish upon a star"
Can you explain the way you put this trade on? Am I wrong in thinking that spreads are limited upside/limited downside potential?
oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
I hold those very same calls!
"So you're telling me there's a chance!!"
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
yep, i got in and out today but i pocketed a nice gain
I'm going to let NRD answer that question, but in defense of spreads, which have REALLY changed my P/L around.......never let the word "Limited" take you away from profit.
When spreads are entered properly, you can often get 3x-5x return on them if the trade goes in your favor. That kind of return can be difficult even on a normal options trade, and the short side delta protection keeps things from going against you at the rate we've all seen options go against us.
Just food for thought.
When spreads are entered properly, you can often get 3x-5x return on them if the trade goes in your favor. That kind of return can be difficult even on a normal options trade, and the short side delta protection keeps things from going against you at the rate we've all seen options go against us.
Just food for thought.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
what did you pay for it?oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
I piggy backed a small entry into TRXC with you. First spread for me. When is the ideal time to close it out. The Thursday before the exp date?
Was it you? Asking for a friend.oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Rice and Fries said:They must have seen me buying more $150 2/19 calls at $0.07 like the degenerate I am. At least my cost basis is now $0.40 on those lol.oldarmy1 said:
There was a 500 contract buy on AAPL 2/19 $140 Strikes the final minute of trading.
I resisted but it was hard. Even some of the ones near the money like 136-140 were interesting. It wasn't me buying the 500.
I hope my biggest problem next week is that I should have bought more. Otherwise it's all riding on the March calls. I still think it has to go up.
I am definitely interested in learning how to put on Spreads and figuring out the basics to these more advanced derivatives.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
RigsTx said:NRD09 said:
Wow my 190/200 2/19 spreads gonna pay!
"When you wish upon a star"
Can you explain the way you put this trade on? Am I wrong in thinking that spreads are limited upside/limited downside potential?
You're correct, there's limited upside and downside is 0 (total loss), but it costs less to enter and by selling the upper strike you salvage some/ most of the premium cost you paid in buying the lower call. I copy/paste the options chain into a spreadsheet (I've shared it with a few here), choose an upper strike and see what spread has highest profit. I picked 200 as upper strike based on the "200 magnet", often I'll choose a strike that has been getting big options flow, or one strike above it
We're all happy to help. What broker do you use as some of them have little intricacies to setting these up?RigsTx said:
I am definitely interested in learning how to put on Spreads and figuring out the basics to these more advanced derivatives.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Would you mind sharing the spreadsheet again? I'm not confident enough to dive in yet, but would like to start looking at these.NRD09 said:RigsTx said:NRD09 said:
Wow my 190/200 2/19 spreads gonna pay!
"When you wish upon a star"
Can you explain the way you put this trade on? Am I wrong in thinking that spreads are limited upside/limited downside potential?
You're correct, there's limited upside and downside is 0 (total loss), but it costs less to enter and by selling the upper strike you salvage some/ most of the premium cost you paid in buying the lower call. I copy/paste the options chain into a spreadsheet (I've shared it with a few here), choose an upper strike and see what spread has highest profit. I picked 200 as upper strike based on the "200 magnet", often I'll choose a strike that has been getting big options flow, or one strike above it
Also, I asked earlier this morning, but wanted to pose the question again about a spreadsheet that y'all use to track pure options plays without owning the underlying shares. Either with buying naked calls or selling puts. I want to track those P/L as well as when I am beginning to sell covered calls and such.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
McInnis 03 said:
When spreads are entered properly, you can often get 3x-5x return on them if the trade goes in your favor.
*ahem*
The 16/19 mvis spreads i paid .12 each for are going to pay 25x if she can hold 19 through the 19th
I have full options privileges at TDA but only Level 1 options (no spreads) at Schwab.McInnis 03 said:We're all happy to help. What broker do you use as some of them have little intricacies to setting these up?RigsTx said:
I am definitely interested in learning how to put on Spreads and figuring out the basics to these more advanced derivatives.
I was in a hurry earlier this week to get Options Approved on my Schwab account and didn't want to have to wait to go through the risks and such of Spreads/Condors/Butterflies.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
on TDA, you can easily trade "vertical spreads" from the trading menu. If you use TOS it gets even better. I highly recommend TOS for anyone using TDA. It's worth the amount of time it takes to learn it despite how imposing it is at first.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
I downloaded TOS the other day and haven't had time to familiarize myself with it yet. It is daunting for a pretty much newbie. I'm hoping after OA's seminar at the end of the month along with reading the other thread about TOS setups that I'll be a little less intimidated.
TDA has great education and offers webinars on TOS and how to best utilize all the features.RigsTx said:
I downloaded TOS the other day and haven't had time to familiarize myself with it yet. It is daunting for a pretty much newbie. I'm hoping after OA's seminar at the end of the month along with reading the other thread about TOS setups that I'll be a little less intimidated.
DIS about to hit $200!
Interactive brokers. For pro do most go with fixed or tiered? Also @oldarmy1 please provide your referral link to interactive brokers
Ferris Wheel Allstar
Joined:
Mar 19, 2006
Posts:
25,000
How long do you want to ignore this user?
AG
get them to walk you through it. I will PM you the contact that I did mine with.
what i haven't quite grasped yet is how (or when) you make money on them.
DNN up AH
Let it ride
Do you mind sharing the spreadsheet with me as well?
Any lithium stocks to jump on lads ?
you may all go to hell and i will go to Texas
TDA AAPL example.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Interesting.....perhaps you could give an example of some that haven't been working for you? I try to give a lot of examples of ones I jump in and why.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
king ****, good stuff
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
Sure *************. Any of y'all can feel free to email me if you'd like a copy, I'll leave my email up here a couple hours
Featured Stories
See All
Ags host Buckeyes with an early-season Quad 1 opportunity at stake
by Olin Buchanan
Players to Watch: No. 15 Texas A&M vs. New Mexico State
by Olin Buchanan
8:22
12h ago
1.5k
34:11
6h ago
623
Reed Report: Preparing for Friday's marquee showdown vs. Ohio State
by Luke Evangelist
Bid on Legacy Club tickets to Saturday's Texas A&M vs. NMSU game!
by Texas Aggies United