TONIGHT: Tune in for a live CNBC Special Report - Markets in
Turmoil. After the historic 1,000 point surge on the Dow
yesterday, and today's volatile trading session, what's next?
Join our reporters and guests for expert analysis at 6p
ET.
LOL I agree, anyway the SPY actually did fine on this trade
which closed out this morning, here's the table showing the shares
and options
one thing - for simplicity I use 10K for the ETF's (SPY, SSO,
UPRO, SH, SDS, SPXU).
For options I use the same number for 1st and 2nd entries and
double up on 3rd entries that are very high probability. I
show 1 option for 1st and 2nd entry but realize that's the base
number, one would simply multiply that by the number they do, for
example someone might buy 10 options for 1st and 2nd entry then 20
for 3rd, or 5, 5, and 10, or 2, 2, and 4, you get the point
obviously on that SPY trade it was the 3rd entries that made the
money, the 2nd entries were basically flat and 1st entries under
water. However because UPRO is a 3X leveraged ETF that makes
up the difference by a lot. and on options the 3rd entry gained
almost 50%, and had I went with a lower delta option (one that was
closer to the money) it would have made more maybe 75% or
100%.
I know in the past SPY system would do something like 50, 30, 20
etc, however honestly it makes a lot more sense to simply treat the
1st and 2nd and 3rd entries as the same cash amount: such as
10K in each or whatever amount works for you. That way since
the 2nd and 3rd entries are leveraged ETF's are you placing more
capital in 2nd and 3rd entries which are higher probability.
For options it's just easy, treat the 1st and 2nd with the
same multiple and the 3rd entry double up.
it is for now. I also need to decide if I'm going to keep
that or not since it was never part of the site. I may remove
it for now until I flesh out that new SPY section
yep and 5 billion is closing down the goverment when larger
amount was voted for in the past by the dems so we will have lots
fun going forward. lots turmoil haha
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Never Fails - As soon as this hit traders bought with both hands
Posted by steve on 27th of Dec 2018 at 04:03 pm
TONIGHT: Tune in for a live CNBC Special Report - Markets in Turmoil. After the historic 1,000 point surge on the Dow yesterday, and today's volatile trading session, what's next? Join our reporters and guests for expert analysis at 6p ET.
Market in Turmoil stats ...
Posted by mla127 on 27th of Dec 2018 at 08:19 pm
Market in Turmoil stats ... lol
that's pretty funny and cool
Posted by matt on 28th of Dec 2018 at 09:31 am
that's pretty funny and cool
LOL I agree, anyway the
Posted by matt on 28th of Dec 2018 at 10:07 am
LOL I agree, anyway the SPY actually did fine on this trade which closed out this morning, here's the table showing the shares and options
one thing - for simplicity I use 10K for the ETF's (SPY, SSO, UPRO, SH, SDS, SPXU).
For options I use the same number for 1st and 2nd entries and double up on 3rd entries that are very high probability. I show 1 option for 1st and 2nd entry but realize that's the base number, one would simply multiply that by the number they do, for example someone might buy 10 options for 1st and 2nd entry then 20 for 3rd, or 5, 5, and 10, or 2, 2, and 4, you get the point
Nice and good work! Thanks!
Posted by morton7 on 28th of Dec 2018 at 12:39 pm
Nice and good work! Thanks!
obviously on that SPY trade
Posted by matt on 28th of Dec 2018 at 10:17 am
obviously on that SPY trade it was the 3rd entries that made the money, the 2nd entries were basically flat and 1st entries under water. However because UPRO is a 3X leveraged ETF that makes up the difference by a lot. and on options the 3rd entry gained almost 50%, and had I went with a lower delta option (one that was closer to the money) it would have made more maybe 75% or 100%.
I know in the past SPY system would do something like 50, 30, 20 etc, however honestly it makes a lot more sense to simply treat the 1st and 2nd and 3rd entries as the same cash amount: such as 10K in each or whatever amount works for you. That way since the 2nd and 3rd entries are leveraged ETF's are you placing more capital in 2nd and 3rd entries which are higher probability. For options it's just easy, treat the 1st and 2nd with the same multiple and the 3rd entry double up.
Matt: Are we still long
Posted by nichi on 28th of Dec 2018 at 10:14 am
Matt: Are we still long on AAPL?
it is for now. I
Posted by matt on 28th of Dec 2018 at 10:20 am
it is for now. I also need to decide if I'm going to keep that or not since it was never part of the site. I may remove it for now until I flesh out that new SPY section
I would like to see
Posted by atait on 28th of Dec 2018 at 06:37 pm
I would like to see the aapl system on the site
Thanks Matt. Good info!
Posted by rfa300 on 28th of Dec 2018 at 10:12 am
Thanks Matt. Good info!
Matt, maybe you need to
Posted by mla127 on 28th of Dec 2018 at 09:57 am
Matt, maybe you need to create a new subsystem for the spy pro ? the "Market in Turmoil Long" ...
haha I second that
Posted by alvinjm27 on 28th of Dec 2018 at 09:57 am
haha I second that
Damn - those results are
Posted by steve on 27th of Dec 2018 at 10:25 pm
Damn - those results are better than any Algo/system in the market
yep and 5 billion is
Posted by RP on 27th of Dec 2018 at 04:28 pm
yep and 5 billion is closing down the goverment when larger amount was voted for in the past by the dems so we will have lots fun going forward. lots turmoil haha