Hey everyone, a quick wrap up.
Today I made 300% on my puts, which covers the 100% loss on the other end of the spread with 200% left over. Then on my previous spread, the next 100% gets eaten which leaves us with 100%. Now the DD calls eat all of that on one of the calls, so we are still down by a 100% on a single QQQ put.
That is way better than the alternative. I responded poorly to a bad situation by getting nuts but as it turned out it paid off. Again: two mistakes that I made...
1. Wrong strike price in last spread: When you are buying...
Thursday, December 31, 2015
Exit put
Exit QQQ put from yesterday with 300% gain overnight
QQQ Dec 2015 112.000 put (QQQ151231P00112000)
-OPR Watchlist
0.21 0.12(133.33%) 10:33AM EST
Prev Close:0.09
Open:0.13
Bid:0.21
Ask:0.22
Strike:112.00
Expire Date:31-Dec-15
Day's Range:0.11 - 0.23
Contract Range:N/A - N/A
Volume:8,045
Open Interest:23,335
There that will put a little bit of lead back in the old pencil
Tradinginsi...
Wednesday, December 30, 2015
So: what will I do
Here is the list of mistakes that I made:
1. wrong strike price today
2. wong call on top for DD puts
3. gap up went against rest of chart
So tomorrow, what I am going for is a big drop for options expiration day. That could make quite a bit of $.
Tradinginsider...
There was a bad report near close on...
the market. We are going to watch early at open for any sudden drops. Or jumps. I need something to happen in order to take advantage with our options that expire today.
There is usually a lot of activity and volititlity on options expiration day. If the cubes drop to 111.70 we could easily make 500% plus on our options.
More tomorrow...
Tradinginsi...
Read between the lines..Saudis intentionally drove oil back down
This doesnt happen to me very often. I got whipsawed two days in a row over oil.
Oil is big market driving news. It makes the markets ignore the technicals: it makes the market suddenly turn left or right. Yesterday when it was announced that oil suddenly jumped the market suddenly gaped up against its chart which caught me with my pants down.
Then today the Saudis decided that they didnt like the prices starting to recover and decided to tank them again with thier announcment that they will keep production high increasing the glut of oil and drove...
Just got whipsawed again by oil. When wierd stuff happens, its time to get nuts. Spread today on the Qs. Very dangerous, but who cares. our ins
QQQ Dec 2015 112.000 put (QQQ151231P00112000)
-OPR Watchlist
0.09 0.04(80.00%) 11:44AM EST
Prev Close:0.05
Open:0.05
Bid:0.07
Ask:0.07
Strike:112.00
Expire Date:31-Dec-15
Day's Range:0.04 - 0.09
Contract Range:N/A - N/A
Volume:2,938
Open Interest:21,435
The above was for the put....
Tuesday, December 29, 2015
Oil news problem
Well due to the oil news there was a huge gap up in the markets today which is showing some pretty big strength to the upside. Our two puts are going to expire worthless on the QQQ DD....100% loss. That is going to take some time to recover. That should take about 3 weeks to dig out of that hole, perhaps 4. But the important thing is not to freak out, because overall this train rolls in positive territory. Its like now we are down at the craps table...
News over techs
Well, I waited out this morning for as long as I could to see if anything positive would shake out, but the technical charts were overridden by news:
The U.S. oil benchmark
CLG6, +2.39%
...
Monday, December 28, 2015
For Tuesday
I expect a down day. I saw a reverse double hammer pattern in the candlesticks and I therefore expect a drop.
On monday I got in with a DD on QQQ options.
There might be the case the market goes up tomorrow (for whatever reason) but it drops in the morning fade. That is when I would exit to cash out my 2 positions for my QQQ options.
So I will be on in the morning around 0930 Central CST time.
Tradinginsi...
Double Down on QQQ options
We double down on the QQQ options. And now the first is not a dayput anymore, we hold overnight. Purchase these again to make a dd at this new price:
QQQ Dec 2015 112.000 put (QQQ151231P00112000)
-OPR
0.62 0.06(8.82%) 1:56PM EST
Prev Close:0.68
Open:0.68
Bid:0.65
Ask:0.66
Strike:112.00
Expire Date:31-Dec-15
Day's Range:0.55 - 1.04
Contract Range:N/A - N/A
Volume:5,987
Open Interest:20,097
We are going to see if this straightens...
we are going to convert..
We are going to convert this dayput to a regular put by holding it past today. Also the charts are forming a reversal/top pattern, so I think we are going to double down on this one about 15 min before close.
Stay tuned...
Tradinginsi...
Good day...QQQ puts dayoption
Welcome back. Today we are going to do a dayput on the QQQ.
Our in:
QQQ Dec 2015 112.000 put (QQQ151231P00112000)
-OPR Watchlist
0.79 0.11(16.18%) 12:16PM EST
Prev Close:0.68
Open:0.68
Bid:0.80
Ask:0.82
Strike:112.00
Expire Date:31-Dec-15
Day's Range:0.64 - 1.04
Contract Range:N/A - N/A
Volume:4,644
Open Interest:20,097
We will hold this until about 30 min before close.
Hope you had a good holiday.
Tradinginsi...
Wednesday, December 23, 2015
exit QQQ daycall
Today we exit the QQQ daycall with a nice little profit. Our out today:
QQQ Dec 2015 112.000 call (QQQ151224C00112000)
-OPR
Watchlist
0.67 0.18(36.73%) 2:26PM EST
Prev Close:0.49
Open:0.70
Bid:0.66
Ask:0.68
Strike:112.00
Expire Date:24-Dec-15
Day's Range:0.45 - 0.78
Contract Range:N/A - N/A
Volume:6,543
Open Interest:8,279
We got in at 54 cents.
That is a profit of 19 percent. For three hours. Not too bad.
I will be...
Good Morning Purchase QQQ calls
Today we are going with a momentum play..purchase QQQ calls right at the money and let it ride for today, we will exit before the day is over...
QQQ Dec 2015 112.000 call (QQQ151224C00112000)
-OPR
0.53 0.04(8.16%) 11:47AM EST
Prev Close:0.49
Open:0.70
Bid:0.53
Ask:0.55
Strike:112.00
Expire Date:24-Dec-15
Day's Range:0.51 - 0.78
Contract Range:N/A - N/A
Volume:4,185
Open Interest:8,279
We hold these until about 20 min before...
Tuesday, December 22, 2015
Annoyed I blew the call with those DD puts
While I made money today with my option calls, I lost over half with my option puts. Here is what happened.
I was trying to maintain a spread to cover either way from last Wed market Fed rates announcement. And I went ahead and bought right after the morning gap with the big picture of a spread. But now looking back at the spread a big up signal formed at the end of that day. Look at the candlestick for Dec 14th. Just follow the line right up from the date to its candle on that date:
http://stockcharts.com/h-sc/ui?s=qqq
You can see that its a...
Exit DD call options for profit
We exit our DD call options for profit
QQQ Dec 2015 111.000 call (QQQ151224C00111000)
-OPR
1.15 0.17(17.35%) 3:28PM EST
Prev Close:0.98
Open:1.04
Bid:1.08
Ask:1.10
Strike:111.00
Expire Date:24-Dec-15
Day's Range:0.68 - 1.16
Contract Range:N/A - N/A
Volume:6,021
Open Interest:7,551
I will have a follow up post after this to discuss.
Tradinginsi...
I am riding this out
The market is rising and we are watching. Looking possibily to exit these DD calls...
Tradinginsi...
exit the DD puts for loss
We exit our DD puts for a loss. I am exiting these now because the charts say there will be a push upward and I dont want to lose anymore money on these. Our exit:
QQQ Dec 2015 111.000 put (QQQ151231P00111000)
-OPR
1.06 0.12(10.17%) 11:04AM EST
Prev Close:1.18
Open:1.10
Bid:1.08
Ask:1.11
Strike:111.00
Expire Date:31-Dec-15
Day's Range:0.98 - 1.20
Contract Range:N/A - N/A
Volume:702
Open Interest:8,301
I will be watching...
good morning
checking things out today in the markets. Looks like there was a sudden gap fade and now the market rolls on to the positive side. We hold everything...
Tradinginsi...
Monday, December 21, 2015
QQQ Double down calls
I see an overshadow candle and an up candlestick. I believe it is time for a double down call on the cubes:
QQQ Dec 2015 111.000 call (QQQ151224C00111000)
-OPR
Watchlist
0.74 0.08(12.12%) 1:12PM EST
Prev Close:0.66
Open:0.77
Bid:0.74
Ask:0.75
Strike:111.00
Expire Date:24-Dec-15
Day's Range:0.50 - 0.98
Contract Range:N/A - N/A
Volume:6,950
Open Interest:7,378
I may be selling these puts or holding on to them for a bit,...
A pattern is showing up
We are going to wait until after 2pm to reaffirm this, but a overshadowing candle is appearing on the chart, and this means that the cubes are going to climb the next few days. I have 2 puts sitting there languishing, so I may very well do a double down call option to cover the puts. I am looking at this now...
Tradinginsi...
Good Morning
Markets are up a bit. We will monitor the situation closely, as I am trying to exit these 2 puts I am holding.
I will look at this from all angles.
Stay tuned to see if this will straighten out...
Tradinginsi...
Friday, December 18, 2015
thats all for today
I dont see the value in purchasing fattened put options even though I feel the drop will continue. Seeing we already have a double down QQQ put out there we are just going to sit on it.
I expect the market to blow off yet more steam as investors have a good think about the market. They have decided to start selling seeing that there was an actual raise of rates. In looking at the chart on stockcharts, it looks as though the RSI and the MACD are showing that there is plenty more drop to come.
Until tomorrow,
Tradinginsi...
For now we hold the DD QQQ option puts
We are still holding the QQQ option puts from the double down a few days ago. They are for 111's, and it just barely dropped below that, so we sit on these.
I am unsure of how much further the market will drop, may have to come in today and purchase calls. I will be watching closely.
Tradinginsi...
exit QQQ put TD
Exit Triple down put from yesterday
QQQ Dec 2015 113.000 put (QQQ151231P00113000)
-OPR
Watchlist
2.17 0.25(10.33%) 9:54AM EST
Prev Close:2.42
Open:2.38
Bid:2.46
Ask:2.52
Strike:113.00
Expire Date:31-Dec-15
Day's Range:2.17 - 2.38
Contract Range:N/A - N/A
Volume:42
Open Interest:8,467
We still hold the other two puts and wait to see what the market does Note the bid and the ask, not the last. Our exit is at 2.49.
I will...
Thursday, December 17, 2015
QQQ chart telling me bad things
As much as I hate to do it, the QQQ chart is telling me bad things and that there is going to be a further drop. So I am going to reup my Triple Down position on the calls, and go ahead and purchase a third QQQ put (let the previous third put go earlier today) and hopefully ride things on down the next day or two. Our entrance is below:
QQQ Dec 2015 113.000 put (QQQ151231P00113000)
-OPR
Watchlist
1.75 0.43(32.58%) 3:08PM EST
Prev...
Disney
Disney just bought the Star Wars property off of Lucas for a bit over 4 billion 4 years ago. Now from this one film alone, they are expected to earn 2 billion alone, with already advance tickets at 100 million dollars. This will be a slam dunk to Disney for thier stock, and thier stock is in a position to grow short term with the boon this movie will provide to their coffers.
Its not only the actual movie ticket sales, its the Perceived benefit that...
We had a call hanging out there
We are now closing that call from my Ican post with a bit of profit. Our exit:
QQQ Dec 2015 111.500 call (QQQ151218C00111500)
-OPR
1.98 0.69(25.84%) 1:46PM EST
Prev Close:2.67
Open:2.97
Bid:2.00
Ask:2.03
Strike:111.50
Expire Date:18-Dec-15
Day's Range:1.44 - 2.97
Contract Range:N/A - N/A
Volume:1,252
Open Interest:3,110
Stay tuned for my in with Disney.
Tradinginsi...
Hold the DD puts from the other day QQQ
So we are going to hold those DD puts from the other day on the QQQ
Right now I am figuring out what I am going to do next. I am looking at the chart and market direction.
Tradinginsi...
Exit Triple Down Put QQQ
We exit our TD put with not as much profit as we had hoped...it actually got up higher today..
QQQ Dec 2015 114.000 put (QQQ151224P00114000)
-OPR
Watchlist
1.97 0.62(45.93%) 1:22PM EST
Prev Close:1.35
Open:1.05
Bid:1.75
Ask:1.78
Strike:114.00
Expire Date:24-Dec-15
Day's Range:1.05 - 2.16
Contract Range:N/A - N/A
Volume:1,332
Open Interest:2,896
More upcoming on the other two puts...
Tradinginsi...
Wednesday, December 16, 2015
My rare Triple Down TD put
The charts are showing a reversal signal. So I am going to go for it with a third put for a triple down. We are going to enter in with flattened puts due to the price swing today. Our in:
QQQ Dec 2015 114.000 put (QQQ151224P00114000)
-OPR
1.61 1.14(41.45%) 3:05PM EST
Prev Close:2.75
Open:2.08
Bid:1.60
Ask:1.63
Strike:114.00
Expire Date:24-Dec-15
Day's Range:1.51 - 2.63
Contract Range:N/A - N/A
Volume:3,494
Open Interest:1,896
So...
Now exit yesterdays QQQ call for profit
now we pull the trigger on yesterdays QQQ call our exit is below
QQQ Dec 2015 113.000 call (QQQ151224C00113000)
-OPR Watchlist
1.53 0.41(36.61%) 3:00PM EST
Prev Close:1.12
Open:1.49
Bid:1.51
Ask:1.52
Strike:113.00
Expire Date:24-Dec-15
Day's Range:0.94 - 1.53
Contract Range:N/A - N/A
Volume:2,013
Open Interest:3,369
So we just got rid of the DD call 5 minutes ago, now we release the call from yesterday, now we are all...
slight gain on the DD QQQ option we exit
we exit our todays QQQ option for a slight gain, but hold the older one from yesterday. Our exit:
Prev Close:1.35
Open:1.78
Bid:1.39
Ask:1.42
Strike:112.50
Expire Date:24-Dec-15
Day's Range:1.20 - 1.78
Contract Range:N/A - N/A
Volume:1,289
Open Interest:3,429
Thats all for today. So we go into tomorrow holding our single QQQ option and our DD puts for the QQQ.
Tradinginsi...
Purchase QQQ call
We are going to shore up our spread with a QQQ call effectively making this a DD both ways...up and down.
Below is our in
QQQ Dec 2015 112.500 call (QQQ151224C00112500)
-OPR
1.30 0.05(3.70%) 1:36PM EST
Prev Close:1.35
Open:1.78
Bid:1.30
Ask:1.32
Strike:112.50
Expire Date:24-Dec-15
Day's Range:1.25 - 1.78
Contract Range:N/A - N/A
Volume:875
Open Interest:3,429
Now we sit tight and wait for the swings after Yellen talk...
Interest rate decision, we are gonna hang tight
We are going to hang tight for the interest rate decision today.
Tradinginsi...
Tuesday, December 15, 2015
QQQ option calls
setting up for tomorrows announcement. Getting back in QQQ calls for that part of the spread.
QQQ Dec 2015 113.000 call (QQQ151224C00113000)
-OPR
1.41 0.46(48.42%) 1:38PM EST
Prev Close:0.95
Open:1.38
Bid:1.41
Ask:1.43
Strike:113.00
Expire Date:24-Dec-15
Day's Range:1.16 - 1.56
Contract Range:N/A - N/A
Volume:1,830
Open Interest:2,760
Thats all for today,
Tradinginsi...
Good Monring
Today we are going to exit out of the call part of our spread that we had. We got in at the mid 1.60s and now we exit:
QQQ Dec 2015 111.500 call (QQQ151218C00111500)
-OPR
Watchlist
2.17 0.81(59.56%) 11:37AM EST
Prev Close:1.36
Open:1.78
Bid:1.83
Ask:1.85
Strike:111.50
Expire Date:18-Dec-15
Day's Range:1.78 - 2.21
Contract Range:N/A - N/A
Volume:1,576
Open Interest:3,421
Not a huge gain, but a gain. We lost a bit through...
Monday, December 14, 2015
Shore up with DD QQQ options
The reason I am going with Double Down options on the QQQ are twofold: I dont think the market is going to like the Fed announcement on Wed, and also the techincals are due for a bit of deflation.
We double down with QQQ puts:
QQQ Dec 2015 111.000 put (QQQ151231P00111000)
-OPR Watchlist
2.49 0.11(4.23%) 1:36PM EST
Prev Close:2.60
Open:2.59
Bid:2.59
Ask:2.63
Strike:111.00
Expire Date:31-Dec-15
Day's Range:2.34 - 3.30
Contract...
Here is what Im thinking
The market is going to walk around the middle line until Wed announcment from the Fed on Interest rates. Ive been playing this, which is why I sold the puts and made some coin early and skipped the gap fade. I wanted to lock in a bit of profit, and I gambled that would come back up from its drop. Which it did.
Ill be looking to purchase more puts later on today once it comes up a bit more. If it doesnt, I still will purchase some puts. I want both sides covered for wed. announcment. Last time the fed announced about rates, the market went haywire...
Exit QQQ put
Exit the QQQ put. I think things are going to be bouncy today due to Fed announcement upcoming. Our exit:
QQQ Dec 2015 111.000 put (QQQ151224P00111000)
-OPR
2.09 0.20(8.73%) 10:11AM EST
Prev Close:2.29
Open:2.20
Bid:2.19
Ask:2.26
Strike:111.00
Expire Date:24-Dec-15
Day's Range:2.06 - 2.27
Contract Range:N/A - N/A
Volume:253
Open Interest:5,455
Be prepared to purchase this back within an hr or two.
Tradinginsi...
Saturday, December 12, 2015
Trading for a living
Right now I am going to assume that you are working away at your desk somewhere, possibly an office, possibily a cubicle. Maybe you work from home, have your own business.
My friends dad worked as an engineer in the 60s and 70s and saw first hand the devestation of guys in his office losing all their money in the stockmarket during the 1970s and even saw one guy crying. He right then decided that he would stay away from the stockmarket and be safe. He was never going to end up like that, crying sitting at his desk.
Turns out that was a big...
Well, what about the Jan call?
You may have been following this and thought, ok, you are doing spreads..what about that January call from a few days ago? Thats still hanging out there and it looks like the QQQ has moved on.
You got a point, the call is still hanging there, and it is worth about 70% less than what we purchased it for.
This is why I utilize double downs. You have seen that I will say "Double Down or DD" meaning bet double what you usually do for this play, or I will say, buy a second order of the same order from a day or two ago effectivly making it a double...
Friday, December 11, 2015
Here is what we are going to do now
Ok, here is where we are right now. It looks as though we are on the verge of a big drop according to Carl Icahn. And in looking at the technical charts I would agree.
But as far as I see things with my experience two things are likely to happen Monday, to the forefront of a multitude of possibilities.
1. The Market is going to bounce back Monday for a bit
2. The Market is really going to crash hard, like a -500 point or more day for the dow.
So...
.png "English"){kind=small}
