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24,683,765 Views | 233387 Replies | Last: 46 min ago by Ranger222
Engine10
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AG
McInnis 03 said:

EOD lotto here, taking XSP 450c for today. Cash settled so I don't have to worry about it. I'm buying this on the "it's near today's ES LOD and it's yesterday's LOD as well" so I like the R/R here. $.90 ea

Copped one @ .65, let's have some fun!
LMCane
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AG 2000' said:

I think that Monday Fed meeting amounts to Bullard getting kicked in the shins a few times by Powell, then they come out and say everything is fine, no emergency and not 1%, and we rip.

Will be looking for SPY calls at end of day today to set up for that.


maybe a 19 trillion dollar economy shouldn't be governed by one man deciding what words he will use in discussing inflation in an interview?
$30,000 Millionaire
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OK,

$50K account:

  • Buying 200 shares of APA at 34.05, selling 2 feb 18 34C at $1.1
  • Buying to close this week's DKNG short call for $0.05
  • Selling next week DKNG 26C for 0.93
$30,000 Millionaire
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$30,000 Millionaire said:

OK,

$50K account:

  • Buying 200 shares of APA at 34.05, selling 2 feb 18 34C at $1.1
  • Buying to close this week's DKNG short call for $0.05
  • Selling next week DKNG 26C for 0.93

I am going light and want to see what next week has in store. It's also OPEX.
Brewmaster
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McInnis 03 said:

AgEng06 said:

In at 0.80 after I closed 30k's 450P for a profit. Now let's go bulls!

So does this pay $100 per $1 SPX closes over 450? Is that how it works? (minus premium, in my case $80)
If this is your first time on XSP, it's unlike a typical option as it is a euro-style option. It cash settles meaning no shares to worry about.

If you buy a 450c and at expiration the equity is at 450.18 you'll get .18 x 100, 452.00 would net you $2.00 x 100.

And if it's under 450 you get zilch. I like these on Fridays because you can get your lotto and walk away and truly let it zero or hero.

And all of my risk-off strategies work here too. Say I buy the 450c for $.90 and then a runup happens and I sell the $452c for $.90. I now have a zero risk 2-dollar wide vertical spread.


Brilliant! I'll give one a go soon.

Brew doomster wants 4470 first, VIX angry like hulk!
Brewmaster
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maybe this will help someone else... I'm no pro, but I'm raking on scalps by watching VIX for my entries and exits (puts or calls)...text added so you can see what I did. I also went out about a week on OTM options, less burn there on the price/ premiums.



Max Stonetrail
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Max Stonetrail said:

Sold some AMD 115 puts for next week in retirement not trading account.

Trying to keep my finger off any Buy buttons.
Wishing I had BOUGHT puts now...
$30,000 Millionaire
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what do you consider a reversal? Probably worth explaining that.
Max Stonetrail
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BREwmaster said:

maybe this will help someone else... I'm no pro, but I'm raking on scalps by watching VIX for my entries and exits (puts or calls)...text added so you can see what I did. I also went out about a week on OTM options, less burn there on the price/ premiums.




What instrument are you trading? It does not appear I can trade VIX on TDA.
Brewmaster
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$30,000 Millionaire said:

what do you consider a reversal? Probably worth explaining that.
I just mean VIX pulling back, dropping back towards support. If it dumps some (which it just did by the way), markets run (but you know that part).
update: and it did pull back towards support. I don't always trade this this cleanly, but this worked out well. If I was real sly, I would've played puts on bounce off of support.

Brewmaster
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Max Stonetrail said:

BREwmaster said:

maybe this will help someone else... I'm no pro, but I'm raking on scalps by watching VIX for my entries and exits (puts or calls)...text added so you can see what I did. I also went out about a week on OTM options, less burn there on the price/ premiums.




What instrument are you trading? It does not appear I can trade VIX on TDA.
SPY calls, QQQ puts, depending on VIX, but going to check out XPS soon.
Charismatic Megafauna
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If you're an insufferable optimist like me and still believe in engulfruary, you'll join me in 3/2 472/478 spy call spreads for .25
Cookiemonster64
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Thanks for this bit of knowledge....probably obvious to most, but that's not something I've ever thought of before.

I assume this also is a way to not use a roundtrip to close out a trade as well?
Engine10
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Oh **** lock and load
Brewmaster
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What'd you all do?! Dayum
Engine10
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If you're not long oil already…consider it
ProgN
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Txducker
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QQQ low from previous week is 351.52 and we are now below. Heavy volume on the 0dte 350p. It broke the 23.6% fib (351.75) retrace from nov high to the 1/24 low of 334.15. Be careful long tech.
Carlo4
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ProgN said:


This is fitting. I was married on 2/22/20... and the market started crashing 2/24/20.

I'm guessing my first daughter will be born the day they invade as my wife will be induced 2/15.
AgEng06
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This really makes it seem like the US govt is willing this into existence, or at least promoting it.
ProgN
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Carlo4 said:

ProgN said:


This is fitting. I was married on 2/22/20... and the market started crashing 2/24/20.

I'm guessing my first daughter will be born the day they invade as my wife will be induced 2/15.
Do you have any other important dates coming up in the near future that you'd care to share with the class?
AgEng06
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Damn, wish I had held more of 30k's XSP puts.
JDTxAg98
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Trying so very hard to remind myself profit was good. I sold a 2/14 $SPY 450put yesterday when it 100% at 2.50. Now over 8.00. I may puke like this market.
FTAG 2000
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AgEng06 said:

This really makes it seem like the US govt is willing this into existence, or at least promoting it.
Plot twist: it will be our military doing the cyber stuff.
Carlo4
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I always knew I was a jinx... but DAMN
The Pilot
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Carlo4 said:

I always knew I was a jinx... but DAMN
ABC
bmoochie
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AgEng06 said:

This really makes it seem like the US govt is willing this into existence, or at least promoting it.


Hey at least there are no more mean tweets.
Spoony Love
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AG
Are we headed back to the last week in January?
Dan Scott
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AG
This is playing out exactly like 3 weeks ago. 420 test on Monday
Jet Black
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In UVXY at $12. Hold it or get out? Over $16 now.
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SECond2noneAgs
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Russia don't play nobody, Pawwwl!
Brewmaster
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Jet Black said:

In UVXY at $12. Hold it or get out? Over $16 now.


Take the profit and run, uvxy is always a very short swing
Dan Scott
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Oil at 94 up $4
Jet Black
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BREwmaster said:

Jet Black said:

In UVXY at $12. Hold it or get out? Over $16 now.


Take the profit and run, uvxy is always a very short swing


Thx
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