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Showing content with the highest reputation on 01/11/18 in Posts

  1. YES -- tomorrow. My mistake. The 3 days would be Monday Tuesday Wednesday (the day of earnings). Close the trade on Tuesday which is one day before earnings. If this is referring to ASML reporting BO on Wed 17th, then - (correct me if I am wrong, I'm not from the US) - isn't Mon 15th a Martin Luther holiday, and thus the markets are closed? This means three business days before Wed would actually be today.
    2 points
  2. I've been pretty bad at updating trades lately. Here's my most recent CML-based trades (I've developed a shorthand for the trading parameters, which I'm copying from my spreadsheet: [Symbol TradeType OptionExpiration Deltas Timing Stops/Limits] using these abbreviations: ^ = delta, x/xx = days open/closed before or after earnings{its obvious which it is}, SL/LG = stop loss/limit gain). IC means Iron Condor where I'm short higher deltas and long lower deltas ADBE +17.5% (IC 14DTE 40/15^ 1/14, SL/LG40%) FDX -91.8% (IC 21DTE 35/15^ 2/21) - not the SO trade; missed closing for a 40% gain by about 0.05, so that kinda sucked STZ -20.3% (Call ~7DTE 40^ 3/1, SL/LG 40%) NVDA +50.9% (TTM_Squeeze) - nearly stopped out for -50% before a big turnaround INFY +37.2% (Call ~7DTE 40^ 4/1, SL/LG 40%) - closed at 40% pre-commissions Also, I'm planning to open: ASML (Call Mthly 40^ 3/1, SL/LG 40%) NFLX (Call 0-7DTE 40^ 7/1, SL/LG 50%) TXN (Call 7DTE 40^ 7/1, SL/LG 40%) STT (Call 7DTE 40^ 3/1, SL/LG 40%) SEIC ( Call 7DTE 50^ 7/1, SL/LG 40%) - waiting for earnings date announcement And may consider (if premiums would result in a 30%+ return when held to expiration, which likely won't happen with JPM): JPM (ShortPS 30DTE 40/15^ 2/29, SL50%) WFC (ShortPS 37DTE 50/20^ 2/32) - will use Feb monthlies if I open it Overall, I've now made 103 CML-based trades with an average gain of 7.2% and average holding period of 14 days. The post-earnings ICs have been big losers on average (7 trades / -41.8% avg) and the post-earnings Short PS's are now the most consistent (35 trades / +10.2% avg)
    2 points
  3. So, I'm not paying for ONE right now (and don't plan on it in the short-term), but I'll let you know about Tradehawk. In order to keep things simple with the transfer, I'm planning to phase over cash, but I'm significantly deployed right now so I'm holding off. It could take up to a week, so I might have to wait for a slow period (or lower the % I'm transferring). I was targeting 50%, but maybe 33% is more realistic (and would leave me with a better chance to seize opportunities during the transfer period)
    1 point
  4. Wow...I 'm embarrassed to admit this but, I was so busy , with my main positions, that I didn't even see this until you brought it to my attention. I will sell a few, but, I don't see any reason to liquidate the whole thing , as it is pretty much in an uptrend. I also like the behavior following earnings. I felt that if it held $2.00, then that would be a sort of floor. The market told you what it thought, so just follow what the market is telling you. But, after any spike, you have to lock in some gains. So, sell a small portion, and hang on. Also, there is that time factor.. There is SO much time, and now they are almost .30 cents in the money. Which means there is only .10- .15 cents of time value on a 3 month option.
    1 point
  5. I don't know them personally, so cannot comment on this. My comments were strictly regarding their track record (or lack of it) and UOA. As a general comment, the fact that someone was market maker or floor trader doesn't necessarily make him a good options trader. Those are completely different skills.
    1 point
  6. You see if you are filled, change the limit price, or cancel the order via the Tradier web interface. To roll, adjust the trade, or enter a closing order, I use ONE to send the order to Tradier, but then have to modify the side appropriately, as all of the orders come in as "to open". If you are closing any/all legs, you need to modify the leg(s) in the Tradier web interface after you sent the order to it from ONE.
    1 point
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