Options Trades Today

[jim2000 10]

Bought VRSN NOV 30 call @ $4.80 for a quick swing play.

 

Bought ANR DEC 22.5 call @ $5.40.

[TinGull 10]

One thing to be careful of when buying options for a swing play is the Implied Volatility. Note on Verisign the IV is at it's yearly high right now.

 

 

They release earnings tomorrow and after that the IV will drop like a stone...always does. This is when you *could* start to lose all the time premium that's built into this close-to-expiry option.

 

ANR was a good buy volatility wise...but price action wise, for me...it's a little high. Could it keep going up? Absolutely it could! I'm always hesistant to buy new highs without a pullback. Buying on a gently increasing volume-down bar with a WRB may not be my style, but I'm sure it works for some.

 

Just a couple things I noticed with those plays.

[jim2000 10]

Thanks TinGull for the critique. That's why I posted these trades to get some feedback. Also, personally, I would like to see yours and others trades to learn what others are doing and how.

 

Thanks again.

[TinGull 10]

Sure,

 

this is one play I'm currently in. Small iron condor on the SPY with my short strikes at 158 and 143. Right now I've got about 10 days before I'd look to close out this trade (10 calendar days). If all goes as planned, it'd be around a 26% return on my risk for 25 days in the market for that particular trade.

 

I'm scouting out other candidates after this Fed decision today to put some DEC plays on in the coming week.

 

[TinGull 10]

Oh..the pink box is the area where price needs to land by expiration in order for me to reap maximum rewards. Wide sweet spot....thats what I like.

[jim2000 10]

Sold SVNT Dec 15 calls @ 2.55.

[TinGull 10]

Nice work. I bought some DEC puts for a quick down play on SOLF

[jim2000 10]

I think I prefer to sell rather than buy. I feel more comfortable. I can't seem to pick the direction a stock is going so by selling, the stock can move up or down and I don't care. I make money either way.

 

I am no good at picking the direction a stock will move.

[TinGull 10]

Yea, I did sell a vertical on this stock too as a volatility hedge.