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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BarTune1
441 posts
msg #143060
- Ignore BarTune1 |
4/5/2018 8:38:25 AM
@greg .... I'm interested in your trades also. Have traded options myself quite a bit over the years and have a decent knowledge. Pretty much only use them now for synthetic shorts or protection. Will also trade the odd short term index options when the spy or qqq gets way oversold. Nevertheless, everyday is a learning day ...
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johnpaulca
12,036 posts
msg #143063
- Ignore johnpaulca |
4/5/2018 9:29:52 AM
VIX...oversold on 2-hr, resis at $20.24.
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johnpaulca
12,036 posts
msg #143067
- Ignore johnpaulca |
4/5/2018 1:14:31 PM
johnpaulca
11,649 posts
msg #143063 4/5/2018 9:29:52 AM
VIX...oversold on 2-hr, resis at $20.24.
*******************************************************
VIX(19.30)...still oversold, only direction now is up.
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pthomas215
1,251 posts
msg #143068
- Ignore pthomas215 |
4/5/2018 1:20:50 PM
agree JP. we may possibly go sideways for a bit tomorrow but i dont think spy is gonna crack 266.50. going long vix 1000 sh, TVIX @ 9.30 if i can get it for an exit north of 11
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johnpaulca
12,036 posts
msg #143070
- Ignore johnpaulca |
4/5/2018 1:39:15 PM
VIX...nice bounce to 19.84. I see a daily sell on the VIX developing
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johnpaulca
12,036 posts
msg #143071
- Ignore johnpaulca |
4/5/2018 1:51:34 PM
Utilities stocks sure testing my patience, loaded up since posting XLU
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karennma
8,057 posts
msg #143073
- Ignore karennma |
4/5/2018 2:24:27 PM
Oh damn it! FOOLED again.
Out of everything, including AMZN.
I can't take this volatility. Makes me too nervous.
Apparently, there was similar volatility in FEBRUARY ... I guess I wasn't watching.
I don't remember a thing.
:>(
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johnpaulca
12,036 posts
msg #143074
- Ignore johnpaulca |
4/5/2018 2:57:59 PM
BABA($172)....looks like a swing here, need a strong stomach and some duct tape for Trump's mouth.
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johnpaulca
12,036 posts
msg #143075
- Ignore johnpaulca
modified |
4/5/2018 3:22:18 PM
SO...over $45.10 would be a buy, good base, was stalking this for a bit, could bounce tomorrow.
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