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Playing weekly calls and puts for the past week


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#1 diogenes227

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Posted 24 February 2018 - 09:21 PM

From the link:

 

 

The Friday expiration makes for the best day trades in the weeklies. Has been that way all year with this Friday as, obviously, no exception. Its 131% net brought the total gain for the week to 226% — $22,600 for no more than $10,000 in any day trade during the week.

 

For more discussion:

 

Market Timing Weekly Options In The "Fool's Game"


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 CLK

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Posted 26 February 2018 - 11:00 AM

Why is it too much trouble to post a trade real time? How does that help people? Just one entry and stop, no need for the whole day's 

adds and all that.



#3 diogenes227

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Posted 26 February 2018 - 08:57 PM

Why is it too much trouble to post a trade real time? How does that help people? Just one entry and stop, no need for the whole day's 

adds and all that.

 

Is the night before it happens real time enough?

 

That was last Thursday before the Friday that made this week great, and this was posted onFebruary 11, the night before the buy on open of the 12th (the low above the low divergence on the NYMO):

 

Time for a bounce

 

At the same time I posted that Time for a bounce" link, I posted THIS BLOG LINK on Twitter and Reddit in which I suggested the bellwether were "sure to bounce" with the market but failed to post it here (sorry, I thought I had).  That was for the buy on the open February 12th and since then this is what the bellwether stocks have done (the white flags on the lower right of each chart are cash gains per $100K, also the percentage gains NFLX up 16.8%, AAPL up 12.8%, etc.).

 

 

Real time is knowing the "likely" direction of the market over a certain time period.  How you play that is up to you.  I've been day trading weekly SPY calls and puts, swing trading leveraged ETFs (TQQQ). AAPL is always a good options play, that is to say, it liquid enough to not slam on slippage. For fun, let's see how a 10K buy of the AAPL in-the-money 162 call for March looks like from that predicted Feb 12 buy:

 

 

Wow.  I didn't trade that AAPL call but it shows the possibilities. 

 

P.S.  Posting individual entries is a waste of time as far I'm concerned and I often don't have stops besides the end of the signal.  Besides I'm usually busy in real time.


Edited by diogenes227, 26 February 2018 - 09:06 PM.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#4 bigtrader

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Posted 26 February 2018 - 09:31 PM

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KISS my avatar!!!