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Forum: Trading Journals June 7th, 2017, 05:14 PM
Replies: 101
Views: 21,006
Posted By blb014
Feel free to post realistic option trades on this...

Feel free to post realistic option trades on this thread.

No fake trades promoted on the /ES option trade thread ( Aug 2015 Yuan Devaluation when VIX spike and rose 200% in one session)

I...
Forum: Trading Journals June 7th, 2017, 04:47 PM
Replies: 101
Views: 21,006
Posted By blb014
Update

Still selling a few puts on /ES and Apple as the majority of my option trades. Simple and boring I know, but long term it has been a winner.
Forum: Trading Journals August 29th, 2015, 02:45 AM
Replies: 101
Views: 21,006
Posted By blb014
That's usually the case for VIX after a spike...

That's usually the case for VIX after a spike except in 2011 after S&P downgrade and 2008. That's a low risk & fairly high probability trade, the best kind.
Forum: Trading Journals August 29th, 2015, 01:58 AM
Replies: 101
Views: 21,006
Posted By blb014
Interesting Article

http://dealbook.nytimes.com/2015/02/13/the-myth-of-black-swan-market-events/?_r=0
Forum: Trading Journals August 29th, 2015, 01:50 AM
Replies: 101
Views: 21,006
Posted By blb014
Black Swan

Black Swan Theory:

Identifying a black swan event
Based on the author's criteria:
The event is a surprise (to the observer).
The event has a major effect.

After the first recorded instance...
Forum: Trading Journals August 28th, 2015, 01:17 PM
Replies: 101
Views: 21,006
Posted By blb014
Update

https://db.tt/6Srco6gW
Forum: Trading Journals August 28th, 2015, 01:08 PM
Replies: 101
Views: 21,006
Posted By blb014
I see that at 8:30:04 :) Let me know how it goes....

I see that at 8:30:04 :) Let me know how it goes. What is your plan for exiting?
Forum: Trading Journals August 27th, 2015, 12:46 AM
Replies: 101
Views: 21,006
Posted By blb014
Dead cat bounce?

Maybe, or a push to ATH. Who knows but I do think there is more upside potential right now. I've got long way to go to recover on the previous positions.



https://db.tt/EbYBWv4t
Forum: Trading Journals August 27th, 2015, 12:36 AM
Replies: 101
Views: 21,006
Posted By blb014
hahaha That would have been nice and the beers...

hahaha That would have been nice and the beers would have been on you!

Maybe buy a few everytime VIX dips below 12 and see what happens.
Forum: Trading Journals August 27th, 2015, 12:26 AM
Replies: 101
Views: 21,006
Posted By blb014
It has, I couldn't get filled on Monday after...

It has, I couldn't get filled on Monday after several attempts. SPY no problem. We discussed this on the other thread and the response was "no problem, the market makers are there" Yeah for a 10-20%...
Forum: Trading Journals August 26th, 2015, 03:15 PM
Replies: 101
Views: 21,006
Posted By blb014
https://db.tt/Ntfi4Rw9 I look at...

https://db.tt/Ntfi4Rw9



I look at strikes that are ~-.20 delta and around 2 months out. I run different scenarios at that strike to figure out what strike and size, I am comfortable selling....
Forum: Trading Journals August 26th, 2015, 03:12 AM
Replies: 101
Views: 21,006
Posted By blb014
Update

Closed these positions this morning:

https://db.tt/3tBTJIil

-21,500 on 1920
-23,250 on 1915

Open these positions (bad timing on 1750):

https://db.tt/nGeGBDgL
Forum: Trading Journals August 26th, 2015, 02:22 AM
Replies: 101
Views: 21,006
Posted By blb014
I have been trading AAPL for years 1 or 2...

I have been trading AAPL for years 1 or 2 contracts at time. It is my favorite equity and bought some more last Friday. AAPL has had impressive run since the split last year, just kept that in mind....
Forum: Trading Journals August 26th, 2015, 01:59 AM
Replies: 101
Views: 21,006
Posted By blb014
I couldn't get the price I wanted on my /ES...

I couldn't get the price I wanted on my /ES positions on Monday. Bad timing on my part too as the market was turning around 12. I put an order in to buy a few SPY puts as a protective hedge and it...
Forum: Trading Journals August 25th, 2015, 11:40 AM
Replies: 101
Views: 21,006
Posted By blb014
Yes, each situation is different. I was prepared...

Yes, each situation is different. I was prepared to lose 25% of my account. Last October I took a wait and see approach. I was able to salvage those positions. Will update later, positions still on:...
Forum: Trading Journals August 24th, 2015, 12:34 PM
Replies: 101
Views: 21,006
Posted By blb014
That is a good sign...... maybe That's true.

That is a good sign...... maybe

That's true.
Forum: Trading Journals August 24th, 2015, 12:26 PM
Replies: 101
Views: 21,006
Posted By blb014
They have already been ITM and then some,...

They have already been ITM and then some, actually a whole lot!
Forum: Trading Journals August 24th, 2015, 12:14 PM
Replies: 101
Views: 21,006
Posted By blb014
TD Ameritrade

https://twitter.com/TDANSherrod/status/635794209258123264

and apparently some TD ameritrade customers are having problems

https://twitter.com/TDAmeritrade/status/635824283118366720
Forum: Trading Journals August 24th, 2015, 12:06 PM
Replies: 101
Views: 21,006
Posted By blb014
Pretty incredible indeed. Thanks for the...

Pretty incredible indeed.

Thanks for the update, sticking to a plan and surviving to trade another day.
Forum: Trading Journals August 24th, 2015, 11:59 AM
Replies: 101
Views: 21,006
Posted By blb014
Still alive

Not going to chase to close a position, so I haven't roll down yet. It was a been a wild ride this morning.

https://db.tt/RRerIoSY
Forum: Trading Journals August 24th, 2015, 12:22 AM
Replies: 101
Views: 21,006
Posted By blb014
The market is prime for put selling

Going to roll down in the morning when the fills are better. Hopefully the sell off will hold but I'm thinking there will be a bounce when Europe opens,who knows?
Unrealized -100k been here before...
Forum: Trading Journals August 22nd, 2015, 07:07 PM
Replies: 101
Views: 21,006
Posted By blb014
It's the best time to sell or roll down. I sold...

It's the best time to sell or roll down. I sold some Oct 1920 Thursday afternoon when VIX was around 18. But I have always been bad at timing now the VIX is 28 and the option has almost doubled....
Forum: Trading Journals August 21st, 2015, 04:13 PM
Replies: 101
Views: 21,006
Posted By blb014
Just looking at the VIX chart and just had this...

Just looking at the VIX chart and just had this article pop up:

Dow 5,000? Yes, it could happen - MarketWatch (http://www.marketwatch.com/story/dow-5000-yes-it-could-happen-2015-08-21)


That's...
Forum: Trading Journals August 21st, 2015, 03:51 PM
Replies: 101
Views: 21,006
Posted By blb014
I going to hold off on the /ES puts, because I...

I going to hold off on the /ES puts, because I just bought some equities. IMO this is good buying opportunity to improve cost basis (AAPL down almost 6%).

My 1920 put has now doubled in price and...
Forum: Trading Journals August 21st, 2015, 01:45 PM
Replies: 101
Views: 21,006
Posted By blb014
The ugly truth

Thinking about adding another 1900 position, here's an update:

https://db.tt/VsRjXsrf


Truth about other positions mentioned:

Nov 1650 put $2.90 couple days ago:
https://db.tt/nEvQFiub
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