Investing With Options

Trade Setups 11_6

stevenplace — Fri, 06 Nov 2009 13:27:07 +0000

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Market Wrap, 10-9

stevenplace — Thu, 05 Nov 2009 21:49:48 +0000

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Portfolio Update, 11-5

stevenplace — Thu, 05 Nov 2009 20:11:37 +0000

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Update to NOV Trade

stevenplace — Thu, 05 Nov 2009 18:26:46 +0000

We currently are long 2 contracts of NOV 42 calls in the 40k as a starter position. I’m going to add to the position, and we’re going to roll out to ATM contracts to add some gamma.

Sell -2 NOV Nov 42 Calls

Buy +4 NOV Nov 43 Calls

This should require about 130-150 of capital.

We are moving our stop up to the most recent higher low, so a stop below 42 will do the trick. That puts us at only 100 risk.

Add Index Hedges

stevenplace — Thu, 05 Nov 2009 16:27:57 +0000

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New Trade in Retail

stevenplace — Thu, 05 Nov 2009 14:58:16 +0000

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Trade Setups, 11-5

stevenplace — Thu, 05 Nov 2009 13:53:15 +0000

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More Bear Flags than…

stevenplace — Thu, 05 Nov 2009 02:46:52 +0000

Any others? Comment below:

Subs: Happy Hour Tonight at 710 EST

stevenplace — Wed, 04 Nov 2009 23:52:15 +0000

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High Volume into a Stupid ETF

stevenplace — Wed, 04 Nov 2009 20:47:53 +0000

A lot of attention going into UUP options and price action in the etf:

Kind of reminds me of volume piling into another particular etf…

The end result being:

Am I expecting the same result? Nope. But UUP as an indicator of dollar strength, in my opinion, is not the best piece of evidence for that trade. And given the average range of the name being a whopping 0.16, it’s not the most fun trade in the world. Nevertheless, I might pick up some cheapo calls to follow the herd. Maybe.