Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

james_gsx

Who Caught This Yesterday?

Recommended Posts

I know I did :cool:

 

I bought puts, instead of trading the ES. I know, not exactly TL friendly but whatever. I bought July $132 puts at $2.32, now they are trading near $4. Not as big of a gain had I shorted 1 ES contract, but had this trade turned against me it would have been bad.

 

attachment.php?attachmentid=7189&stc=1&d=1214496348

Share this post


Link to post
Share on other sites

I was able to catch this too shorting the futures. For these kinds of trades, I use my "high volitility - higher risk" risk rules; lower position size, and aggressive chasing stops. Luckily, I got in at 1334 and had absolutely no heat. I got out at 1324 nearing support from earlier in the day and as intense selling pressure started to die.

 

Managing risk and the trade is important for these kinds of trades, as you mentioned, because when they go against you, it can be brutal.

Share this post


Link to post
Share on other sites

i bought the 130,131 put sprd up there and reversed out of it this morning shorting the 133,131 put sprd and covered on close for a loss,brilliant,i was hoping for an oversold reversal and it never happened

Share this post


Link to post
Share on other sites
Seeing that this is the candlestick corner, candlestick charts might be step 1.

 

;)

I saw you make the same comment on ET when someone asked about a candlestick pattern (and you replied the same). Well played, good sir.

 

(Oh, he's just a Hershey trader, pay no attention ;))

Share this post


Link to post
Share on other sites
I know I did :cool:

 

I bought puts, instead of trading the ES. I know, not exactly TL friendly but whatever. I bought July $132 puts at $2.32, now they are trading near $4. Not as big of a gain had I shorted 1 ES contract, but had this trade turned against me it would have been bad.

 

 

Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

Share this post


Link to post
Share on other sites
I saw you make the same comment on ET when someone asked about a candlestick pattern (and you replied the same). Well played, good sir.

 

(Oh, he's just a Hershey trader, pay no attention ;))

 

Kinda weird on how on two separate forums there are people commenting about candlesticks yet using bar charts...

 

:confused:

Share this post


Link to post
Share on other sites
Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

 

Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

Share this post


Link to post
Share on other sites
Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

 

 

 

Word. The options on futures can be pretty nuts. As you said though you can make a decent amount via calendar spreads etc selling premium with theta on your side. Seems easy the first time you do it. It's not. haha I've made and lost my fair share in options. :crap:

Share this post


Link to post
Share on other sites
Word. The options on futures can be pretty nuts. As you said though you can make a decent amount via calendar spreads etc selling premium with theta on your side. Seems easy the first time you do it. It's not. haha I've made and lost my fair share in options. :crap:

I think you mean "collecting premium". Regardless, I recommend that newbies never short gamma. You're potentially exposing yourself to extreme risks.

 

As a general rule of thumb, even if you've found an "amazing" options strategy... if it's that easy, the edge would be beaten out long before you get there.

Share this post


Link to post
Share on other sites
Guest forsearch
Before you go out and start trading options on the eminis I would start on the SPY first. You need a solid understanding of all the greeks and how they all work for and against you. Not to mention the options on the futures are expensive, so personally I would rather sell the options and collect the premium while theta and vega work on my side compared to just buying naked calls or puts for short term swing trades. But just about any trading website will talk about options, if you can't find one then investopedia has a lot of stuff, and some good articles on greeks such as position delta, volatility, etc.

 

This [thread=3664]thread on Options[/thread] might have more info for ya.

Share this post


Link to post
Share on other sites
Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis.

Thanks

search the cboe.com web pages,there is a ton of free info there they want the business and want educated traders so they are glad to provide the material

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.