Vancouver 54 Report post Posted April 28, 2015 I entered the 6-week 60C calendar (long June 19, short May 8) on SCTY today/yesterday @ $1.35. Last cycle when the stock was about 10% lower, we payed $1.15 and $1.20 for a 4-week spread. Note that last cycle we broke even on the trade. Still, it seems to me prices are attractive at these levels. Share this post Link to post Share on other sites
Yowster 9,850 Report post Posted April 28, 2015 I opened SCTY trade yesterday as well, some 1-week 60 call calendars for 0.26. I agree that prices look attractive, targeting 0.50 or above for the 1-week's. Between this trade and the BABA, it will give us more test cases of short durations versus longer ones to see if the SINA behavior in March was an exception or not. But I certainly hope both of the trades are successful Share this post Link to post Share on other sites
bam1960 53 Report post Posted April 28, 2015 I entered the 1-week 60 call calendar also @.26, seems cheap Share this post Link to post Share on other sites
4REAL 110 Report post Posted April 28, 2015 entered yesterday SCTY 1week calendar 60C @ and 62.50C both @ .23 Share this post Link to post Share on other sites
hoangkhoa 1 Report post Posted April 29, 2015 i just got fill on 60C and 61C calendar this morning arround .22 .. Look like it tanked,, everything is .16 - .19 now.. pretty good price if you can get fill Share this post Link to post Share on other sites
luxmon 233 Report post Posted April 30, 2015 Bought a 40 lot of the 1-week 60 call calendars yesterday for 0.20 (I saw them marking for 0.15 at times after my fill so might have been able to get them for less). I set a GTC order to close at 0.28 this morning and it filled a few minutes ago. Wasn't all IV shifts that made it work as stock moved closer to strike this AM so luck involved also. 34% gain after commissions. 1 Share this post Link to post Share on other sites
4REAL 110 Report post Posted April 30, 2015 Hey Luxmon, Congrats ! I bought just before you (yesterday) @ 0.21 placed a 2nd limit @ 0.16 (was not executed) Share this post Link to post Share on other sites
hoangkhoa 1 Report post Posted May 1, 2015 just closed the 61C calendar for .31 , got in at .23 ... waiting to get fill on the 60C for .31 as well, Share this post Link to post Share on other sites
hoangkhoa 1 Report post Posted May 4, 2015 GTC order were filled at .31 on 63C and 60C calendar at open. im completely out of my triple calendar. got in at .23, .24, .24 . .. Those calendar now worth .35+ ... will play again next cycle Share this post Link to post Share on other sites
bam1960 53 Report post Posted May 4, 2015 Exited the 1-week 60 calendar @.35 entered @.26-@.22 to average ~.24 for a 41% gain before commissions. Could reach .45.50 tomorrow but was satisfied with gain but will watch to see where it goes. Thanks Vancouver and Yowster for your contributions Share this post Link to post Share on other sites
bam1960 53 Report post Posted May 5, 2015 Looks as though SCTY is petering out today glad I exited yesterday. Hope everyone had a chance to get out. Share this post Link to post Share on other sites
4REAL 110 Report post Posted May 5, 2015 (edited) closed my positions for 60C @ .34 and 62.50C @ .30 (average cost was around .23) closing yesterday would have been better for a change fills were 2 to 3 cents above mid Edited May 5, 2015 by 4REAL Share this post Link to post Share on other sites
Yowster 9,850 Report post Posted May 5, 2015 I had closed my 60 call calendar earlier today for a minimal gain of like 4% after commissions (would have done slightly better closing yesterday). However, I do believe that if you enter these trades at a cost level that looks attractive based on prior cycles, then you do limit your downside. Not a guarantee of making a significant gain however - but some cycles you are likely to get a nice pop in price. Share this post Link to post Share on other sites
