Posted by jtsurfah on 28th of Sep 2021 at 12:23 pm
Guy Adami made a good point about that on Fast Money yesterday.
Hard to call the Fed non partisan anymore now that the rotation
from Fed to Treasury has established what seems like a very cozy
relationship between the two. Not designed to be llike
this...IMO
Posted by jtsurfah on 17th of Sep 2021 at 04:11 pm
TastyWorks? Any good? I've dropped CNBC in the background
recently for TastyTrade live (at least part of the day...once CNBC
starts repeating themselves). Seeing how they can move their
strikes around quickly to analyze complex strategies quickly has me
pretty jealous...but I don't want to dump a big account into a
broker that seems to be targeting smaller/ newbie trader
accounts..
Posted by jtsurfah on 25th of Aug 2021 at 08:02 pm
Love this - thanks! I'm going to look at the brokers I currently
have in play before going back to TradeStation but looks like TS
might be the way to go for at least the very active portion of my
portfolios. Any idea if IB or TOS have similiar functionality
(minus the part where you calculate position size)? I know they
basically do...but is there added functionality through TS?
GDX & SLV - been in covered calls on both for a little
over a year now (GDX - selling 36 strike & 24.50 for SLV).
Nothing exciting but churning out premium gains month in and month
out (I try to wait for weakness before rolling out). Just blind
luck that they have been so perfect for covered calls over the last
12 months or so.
Posted by jtsurfah on 21st of Jul 2021 at 12:28 am
Nice trade...for now anyway
Starting with a long call into an
oversold situation and covering it to take in some premium once the
easy money is made is one of my favorite ways to get into a bullish
spread tread. Depending on the circumstances, if you get the
initial move you expect, you can often sell a call against the
naked call that will completely eliminate possibility of any losses
on the overall trade (other than a portion of unrealized gains),
but still alow for some upside in the form of premium. Or you
can take some more risk and sell an out of the money call for a lot
more potential pop (if you're right).
Posted by jtsurfah on 20th of Jul 2021 at 12:46 pm
Trim single option position - a couple of ways to trim a
profitable single option position while still allowing for some
upside is to either "cover" the position (sell a call against it)
or "collar" it (sell a call and buy a put). I typically just sell a
call...often near or in the money.
Posted by jtsurfah on 15th of Jun 2021 at 04:34 pm
FWIW - I was a US Navy Diver / bomb squad guy for 8 years (EOD)
so the AAZZF story is even more attractive to me. Bomb techs
defusing things by hand these day is just dumb.
Posted by jtsurfah on 15th of Jun 2021 at 03:53 pm
AAZZF - I love this story on its face! But is anyone else
worried by the fact that it's a Canadian company? I can't remember
a time in my life that I've seen a country lose it's way as quickly
as Canada has over the last few months. (disclosure - I am long
AAZZF)
Posted by jtsurfah on 11th of Jun 2021 at 01:07 pm
SAVA - Selling 75 strike puts expiring next Friday for ~$530
each...a 303% annualized return, if the options expire worthless.
Could play it safer and sell 70 strike puts for $300 each
(176% annnualized). Also considering buying long puts
underneath to limit risk.
Posted by jtsurfah on 10th of Jun 2021 at 04:22 pm
CLOV June 18, 13/12 put spread sold right before the close for
$48 per spread. $48 profit if CLOV above 13 at next Friday's
close. Break even at $12.52 (transaction costs not included). Total
risk is $48 per spread. The bid/ask spread was wider than I
like on this one, but it did fill near the midpoint (I adjusted
down 2 cents from .50 to get a fill).
Posted by jtsurfah on 10th of Jun 2021 at 04:10 pm
Not sure if I should share this but I have been killing it
selling out of the money, short dated spreads to newbie Robinhood /
WallSt Bets options traders lately. Mostly put spreads. E.g.
CLOV short dated options have insane volume today and it doesn't
seem like the people on the other side have any idea what they are
doing. My "win rate" is tempting me to go bigger, but keeping
position sizes very small because it seems like it will have a bad
ending...eventually. For now it's like taking candy from
babies.
Posted by jtsurfah on 30th of Mar 2021 at 04:40 pm
Matt called X a while back. It's been a great call on his
part. I got too cute with the price on my entry order and missed
it. That said, I looked at the fundamentals and was not super
impressed...so not chasing.
The community is delayed by three days for non registered users.
chart URL's. Please keep them.
TNX had a longer term trendline that it's taking out ...
Posted by jtsurfah on 28th of Sep 2021 at 02:34 pm
chart URL's. Please keep them.
Guy Adami made a good
Powell is the new Captain Obvious
Posted by jtsurfah on 28th of Sep 2021 at 12:23 pm
Guy Adami made a good point about that on Fast Money yesterday. Hard to call the Fed non partisan anymore now that the rotation from Fed to Treasury has established what seems like a very cozy relationship between the two. Not designed to be llike this...IMO
BABA just turned green. On
Posted by jtsurfah on 28th of Sep 2021 at 12:21 pm
BABA just turned green. On the move
TastyWorks? Any good? I've dropped
AAZZD-AAZZF. Tradestation says can not identify a valid price ...
Posted by jtsurfah on 17th of Sep 2021 at 04:11 pm
TastyWorks? Any good? I've dropped CNBC in the background recently for TastyTrade live (at least part of the day...once CNBC starts repeating themselves). Seeing how they can move their strikes around quickly to analyze complex strategies quickly has me pretty jealous...but I don't want to dump a big account into a broker that seems to be targeting smaller/ newbie trader accounts..
After hours prices count? (technically
SPY systems update
Posted by jtsurfah on 17th of Sep 2021 at 04:04 pm
After hours prices count? (technically not after hours for SPY until 15 minutes after the broad market closes)
IBB coiling action on the
Posted by jtsurfah on 31st of Aug 2021 at 03:45 pm
IBB coiling action on the shorter time frames...but to my eye it looks a bit sick and more likely to break down instead of up. Thoughts?
Love this - thanks! I'm
Cool tool I've developed to help trade our watchlist ideas
Posted by jtsurfah on 25th of Aug 2021 at 08:02 pm
Love this - thanks! I'm going to look at the brokers I currently have in play before going back to TradeStation but looks like TS might be the way to go for at least the very active portion of my portfolios. Any idea if IB or TOS have similiar functionality (minus the part where you calculate position size)? I know they basically do...but is there added functionality through TS?
Let's all pitch in a
McClellan Oscillators NAMO etc
Posted by jtsurfah on 18th of Aug 2021 at 03:03 pm
Let's all pitch in a few bucks and get Matt some developer hours to make this happen!
GDX & SLV - been
Gold and Silver not doing much but the stocks keep ...
Posted by jtsurfah on 3rd of Aug 2021 at 05:53 pm
GDX & SLV - been in covered calls on both for a little over a year now (GDX - selling 36 strike & 24.50 for SLV). Nothing exciting but churning out premium gains month in and month out (I try to wait for weakness before rolling out). Just blind luck that they have been so perfect for covered calls over the last 12 months or so.
ULTA - little ABC move
Posted by jtsurfah on 3rd of Aug 2021 at 05:47 pm
ULTA - little ABC move over and heading higher from here?
Nice trade...for now anyway
Question answered
Posted by jtsurfah on 21st of Jul 2021 at 12:28 am
Nice trade...for now anyway Starting with a long call into an oversold situation and covering it to take in some premium once the easy money is made is one of my favorite ways to get into a bullish spread tread. Depending on the circumstances, if you get the initial move you expect, you can often sell a call against the naked call that will completely eliminate possibility of any losses on the overall trade (other than a portion of unrealized gains), but still alow for some upside in the form of premium. Or you can take some more risk and sell an out of the money call for a lot more potential pop (if you're right).
Trim single option position -
Question answered
Posted by jtsurfah on 20th of Jul 2021 at 12:46 pm
Trim single option position - a couple of ways to trim a profitable single option position while still allowing for some upside is to either "cover" the position (sell a call against it) or "collar" it (sell a call and buy a put). I typically just sell a call...often near or in the money.
FWIW - I was a
So amazon is opening 12 stores around the country where ...
Posted by jtsurfah on 15th of Jun 2021 at 04:34 pm
FWIW - I was a US Navy Diver / bomb squad guy for 8 years (EOD) so the AAZZF story is even more attractive to me. Bomb techs defusing things by hand these day is just dumb.
Good to know. Thanks.
So amazon is opening 12 stores around the country where ...
Posted by jtsurfah on 15th of Jun 2021 at 04:30 pm
Good to know. Thanks.
AAZZF - I love this
So amazon is opening 12 stores around the country where ...
Posted by jtsurfah on 15th of Jun 2021 at 03:53 pm
AAZZF - I love this story on its face! But is anyone else worried by the fact that it's a Canadian company? I can't remember a time in my life that I've seen a country lose it's way as quickly as Canada has over the last few months. (disclosure - I am long AAZZF)
SAVA - Selling 75 strike
SAVA Daily View
Posted by jtsurfah on 11th of Jun 2021 at 01:07 pm
SAVA - Selling 75 strike puts expiring next Friday for ~$530 each...a 303% annualized return, if the options expire worthless. Could play it safer and sell 70 strike puts for $300 each (176% annnualized). Also considering buying long puts underneath to limit risk.
CLOV June 18, 13/12 put
Not sure if I should share this but I have ...
Posted by jtsurfah on 10th of Jun 2021 at 04:22 pm
CLOV June 18, 13/12 put spread sold right before the close for $48 per spread. $48 profit if CLOV above 13 at next Friday's close. Break even at $12.52 (transaction costs not included). Total risk is $48 per spread. The bid/ask spread was wider than I like on this one, but it did fill near the midpoint (I adjusted down 2 cents from .50 to get a fill).
Not sure if I should
Posted by jtsurfah on 10th of Jun 2021 at 04:10 pm
Not sure if I should share this but I have been killing it selling out of the money, short dated spreads to newbie Robinhood / WallSt Bets options traders lately. Mostly put spreads. E.g. CLOV short dated options have insane volume today and it doesn't seem like the people on the other side have any idea what they are doing. My "win rate" is tempting me to go bigger, but keeping position sizes very small because it seems like it will have a bad ending...eventually. For now it's like taking candy from babies.
Matt called X a while
Nice move today in X. Has there been any news ...
Posted by jtsurfah on 30th of Mar 2021 at 04:40 pm
Matt called X a while back. It's been a great call on his part. I got too cute with the price on my entry order and missed it. That said, I looked at the fundamentals and was not super impressed...so not chasing.
GLD and GDX fans migrating
gold and miners no love.
Posted by jtsurfah on 30th of Mar 2021 at 02:09 pm
GLD and GDX fans migrating to Crypto & Crytpo miners? True story in my case, but otherwise just anecdotal observation