Thanks to MCP, I’m playing from behind this month. Here is a list of what I have on:
Options
BYD, CRUS, GME, FFIV, YGE, VMW,
Stock
GAME, XIN, GNK, GLUU, MTL, PACB, ONVO, SIFY, NTE, LITB, ROSG, SOL
L/T
FSLR, ABT, ABBV, EEM, F, INTC, NOG, SCCO, SU, RIG, MJNA, PHOT
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Gotta like the big divvy hike on ABT today
wait didn’t you buy GAME?
ah you bought stock scratch that I see it
no need for options on sub $5 stocks. lol
any thoughts on KMP Nov 82.5 calls?
I’d buy stock, collect yield, sell premium/
Looking at UPL and LLEN. Volume pockets above, daily volumes decreasing. Need a pullback in UPL, but would like your thoughts.
Nattie Gas stocks looking sharp
has the sector bottomed and now rising? I’ve been keepin an eye on UGAZ
How do you set stop limit ideas on options? For example, FFIV went below 87.50, do you just set up an alert for the stock and then proceed to manage the option?
Sorry, I know that I asked a similar type of question before. Let me rephrase it…Does anyone set alerts when the underlining stock breaks below a certain level? Trying to figure out how I can efficiently manage my options portfolio while at work.
Use contingent orders.
I use a limit order at the MAXIMUM target price when I buy the options. As time decays, or if the option shows weakness over a couple of days, the maximum target price is lowered periodically to BELOW the purchase price if necessary. That way, if there is a sale, I always sell on an uptick, even with a loss recovery (don’t chase/panic/set time limit). I also tend to go for more expiration time and further out of the money for the same option price, if I plan to recover any premium.
I go on the premise that I will lose all of the option premium and don’t` try to manage premium recovery price swings on an hourly/daily basis for the bottom end. Complete losses will still occur and are managed by position sizing.
Out
Yes, because I can’t man the station throughout the day, I use contingent orders on the underlying stock and sell at market price. I haven’t figured out how to calculate the anticipated “limit price” when the underlying hits a specific price, so I have to rely on market order.
Yes, I will get worse fills, but if the underlying has hit my target price, then it has usually turned out in my favor; because after it hits the target price, it will usually back off. The benefit of selling @ market at my target price still outweighs missing my target price.
Awesome advice. Thanks guys. I will try doing that from now on.
Locked my gain on YGE Oct 7’s at 0.99. Up from 0.20.
And SD Oct 6’s at 0.52 from 0.18. Just needed to book a couple to have some cash for new plays.
OA, thoughts on BLDP as long?
SO long as the recent low holds, sure.
Thnk you
OA
(Posted in previous thread (right as this one went up, I think))
Chartwise:
UBNT on pullback to 35-36 ?
Sure, that’s a decent spot.
Another question. I understand the impact of volatility on option price. I have GS Nov 160’s. The stock price is up, the option bid and ask hasn’t changed, but the amount in my
unrealized” column has increased. Is this typical (no change in last, bid or ask but the account reflecting a gain)? Or is this peculiar to IB? If I wanted to sell it right now, I’d only get the bid or thereabouts.
Etrade does this too. They have an formula which calculates the intrinsic value of the option irrespective of the trading activity (bid/ask).
This can really be exacerbated by thinly traded options where the bid/ask may be hours or even a day behind. However it does serve as a useful indicator of the direction and target for your option holdings.
If you go to an option calculator like
http://www.optionsprofitcalculator, you will find that on a daily basis, the formula is pretty dang accurate.
Hope this helps.
& should read “a” formula
I remember that prophet had a search for underpriced options. I guess that’s what going on in my option (although the price is now more in line with the stock value).
They did? Are you a long time user of prophet?
It might be using the, “last,” price in the calculation, and sometimes those prices are not reflective of the bid, ask.
You’ll get the bid if you sell.
CECE paid off
Sold off most OCT positions today on this timely ramp.GNC OPK RKUS GS.Missed some spikes along the way unfortunately.Work messes up my trading.Still learning how to sell. OA GNC nov 55 or 57.5’s?
If DNR breakout is starting, is Nov 20 calls a reasonable trade time-wise?
OA, like chart on GAME. What is your price target?
OA, Can you do a poll to see which brokerages your subscribers use most? Kind of curious.
The $P Oct 27’s back in play here. Missed my stop last time over $27 and lucky to get another crack at it here.
My YOLO for the week.
OA, is it possible to have the viewer comments too in the AHWOA recording?
Not sure how to pull that off. Should I be reading them out loud?
I saw yesterday’s recording and actually you did a good job of repeating many of the comments. So if you could continue to do that, it would be much appreciated!
I have been asking myself the same question. That would be great.
been skipping your blog… mistake. this is a great portfolio
Well, the exit from GS was timely.
Do you think CF OCT 215 calls is good bet for tomorrow ? currently at 0.20 cents
RIG and ESV making nice moves here. Good call on RIG OA.
OA, sold half of my RSOL @3.29, 1st target was 3.25. I kinda jokingly said maybe upwards vol. pocket to 7. Can you give it a look again and see what target you would put on it.
What time frame?
Held 3 days for 20%. I can hold the second half until she plays out. Playing with house money. Give me an idea via your take of the volume pocket. Please and thanks.
Pause at 4, likely heads to 5.
$PHOT – breaking out this morning.
Thanks OA – got in yesterday.
Looking at taking on FFIV here near lows – still intact for the Nov 95’s? Or does taking out yesterday’s lows invalidate?
I have been adding HZNP to my long term basket of stocks. Thinking of adding more. Any thoughts on that stock?
Any thoughts on how to take profits in a breakout like CSUN? No significant trade volume above, the recent highs seem like a reasonable near term resistance.
I’d do it at recent highs. That recent high was the filling of a volume pocket from years back, meaning there is resistance above.
Time to get into gold. I expect a debt downgrade by Thanksgiving.
Seems like there are plenty out there that will sell it to you.
APOL ready to explode
Just Picked up Nov 22’s/
Last month during OPEX week you gave nice idea like AMZN and NFLX calls . Do you have something in your mind for tomorrows lotto play ?
I’ve looked all day. Not finding/feeling it.