gmg733
788 posts
msg #143049
- Ignore gmg733 |
4/4/2018 6:24:01 PM
bought back my /PA today. will short higher
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SAFeTRADE
644 posts
msg #143050
- Ignore SAFeTRADE |
4/4/2018 10:32:35 PM
Regarding FB
Tell Zuck BYE!
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gmg733
788 posts
msg #143051
- Ignore gmg733 |
4/4/2018 11:31:17 PM
Bought back my /es shorts. Did not like price action today. Still holding some short calls, so still short very small. If she peaks Ill look to get back short.
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gmg733
788 posts
msg #143052
- Ignore gmg733 |
4/4/2018 11:35:39 PM
Never on FB so cant tell suck bye. But with IV being so pumped in there I’ve made some good money selling puts on down days and selling calls on up days. Currently no position. Tsla the same thing as well as aapl.
Been a good year trading so far. Let’s hope vol stays 15 plus. You can make good money on vol crush.
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four
5,087 posts
msg #143053
- Ignore four |
4/5/2018 12:43:16 AM
gmg733,
Would you post some of your trades (Options)... it would help give a feel for when and condition and which dates/strikes.
Thanks in advance
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karennma
8,057 posts
msg #143055
- Ignore karennma |
4/5/2018 7:05:06 AM
four
4,272 posts
msg #143053
- Ignore four 4/5/2018 12:43:16 AM
gmg733,
Would you post some of your trades (Options)... it would help give a feel for when and condition and which dates/strikes.
Thanks in advance
========================
And in RT.
(My apologies for asking ... I know. It's a lot of typing & frequently inconvenient.)
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karennma
8,057 posts
msg #143056
- Ignore karennma |
4/5/2018 7:09:14 AM
four
4,272 posts
msg #143053
- Ignore four 4/5/2018 12:43:16 AM
gmg733,
Would you post some of your trades (Options)... it would help give a feel for when and condition and which dates/strikes.
Thanks in advance
=================
BTW, this kind of highly volatile market is perfect for options .. because they're cheap.
I certainly wouldn't want to spend 5 figures on a position just to make a few hundred dollars in a day.
IMHO, too risky ...
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karennma
8,057 posts
msg #143057
- Ignore karennma |
4/5/2018 7:35:57 AM
I'm particularly interested in shorting the rallies.
(Unfortunately, I'm usually wrong.)
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gmg733
788 posts
msg #143058
- Ignore gmg733 |
4/5/2018 8:20:45 AM
I'll try to post my options trades, no problem. I trade options in futures in a TD account and I trade options in my tastyworks account.
There isn't much to it, boring actually.
1. Only trade liquid stuff. I trade a lot of ETFs and things like AAPL, FB, BIDU, TSLA, etc
2. Optimal time frame is between 45-60 days out
3. Trade stuff with high IV (I have this set up on ToS and Tastyworks does it by default)
4. The hard part. Learn how to adjust trades, i.e. roll things up and down and out
Here is the deal, timing is nothing the way I trade volatility. I just happened to get lucky in FB and TSLA the past few weeks to make the trades at the right time
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gmg733
788 posts
msg #143059
- Ignore gmg733 |
4/5/2018 8:25:33 AM
@karen
Shorting in 2017 on index was brutal for me. Sticking to individual non FANG was profitable. Every time I sold strangles or calls in index last year i got in trouble. Things have changed. Pick your favorite over bought indicator, wait for over bought or resistance and sell a 15-30 delta call around 45ish days out (nothing within 21 days).
Purely by math you have a 70-85% probability of profit when managed at 50% of max profit. I never hold until expiration. I manage closer strikes at 20% max profit and strangle type trades at 40%.
Trade small too.
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