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Diving into the lake of Options
Updated May 10, 2013
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Diving into the lake of Options
February 25th, 2013, 09:37 AM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Bought 100 SPY MarWk1 152 puts for .68
Expecting the gap to close either today or later in this week.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 25th, 2013, 10:50 AM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Pedro40
Bought 100 SPY MarWk1 152 puts for .68
Expecting the
gap to close either today or later in this week.
Gap closed, sold for .98
Profit was 3K, minus commission....(about $300)
February 26th, 2013, 10:28 AM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Bought 50 SPY 150 MarWk1 calls for 0.93
Expecting a rebound, should have bought at yesterday's close, but I was out of the house...
February 26th, 2013, 03:43 PM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
I have put in a limit order for 1.1
Edit: filled, profit was 850$ minus 150$ com.....
Again, once the market went against the position, I should have averaged in, I was pretty damn sure of the rally. At the lowest the calls were 0.65
February 27th, 2013, 12:28 PM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Bought 50 SPY MarWk1 puts for 0.52
Market seems overextended...
February 28th, 2013, 04:02 PM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Pedro40
Bought 50 SPY MarWk1 puts for 0.52
Closing it with loss at the close. I haven't got the fill yet, but around 0.15...
March 1st, 2013, 09:36 AM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Pedro40
Closing it with loss at the close. I haven't got the fill yet, but around 0.15...
For some reasons the trade didn't execute yesterday. I put it through 4:02 pm or so, I thought options are open until 4:15. maybe there was no trade after 4 pm, so no trade in Virtual world either. The price would have been 0.33
So I executed it at the open and I got a better price 0.44, thus loss was only -400$ minus (well, plus) 150$ com...
Edit: It was the 151 puts, I forgot to mention...
March 5th, 2013, 09:48 AM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Bought 50 SPY 153.5 MarWK2 puts for 0.55 Expecting the gap to close in a few days. If the market goes higher, I will buy more...
March 11th, 2013, 05:50 PM
Pittsburgh, Pennsylvania
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379
Pedro40
Bought 50 SPY 153.5 MarWK2 puts for 0.55 Expecting the
gap to close in a few days. If the market goes higher, I will buy more...
This one expired worthless with a loss of 2750$..
From tomorrow I will start to build a bigger short position, because I expect the market to turn South for 5-7 days...
March 12th, 2013, 09:49 AM
milwaukee,wi, usa
Experience: Intermediate
Platform: Mobile TWS & mobile TOS. Dough.com
Broker: IB, TOS, FXCM
Trading: futures and options. looking into forex
Posts: 186 since Nov 2012
Thanks Given: 302
Thanks Received: 161
Pedro40
This one expired worthless with a loss of 2750$..
From tomorrow I will start to build a bigger short position, because I expect the market to turn South for 5-7 days...
What is the basis of your analysis for the trades you are taking?
Last Updated on May 10, 2013