Closed the IWM puts and SPY puts this am. Looking for
a bounce into tomorrow especially if Amazon blows out
earnings after the bell - probably get a bullish bias tomorrow.
nice work , saffer> what do you think aapl will do
tomorrow. i have long shares and protective june puts that are
leaking water . do you know expected move in appl earnings
perchance. someone said 14 in this chat room
That's a tough call. Most of Q1 happened before the
huge shut down. The Daily chart looks like a rising wedge
(these tend to be bearish). The buying volume has waned a
lot the last couple of days. I think you have the right
strategy in place. I bought cheap puts the day before there
last earnings (they blow it out) and got hammered for about a week
but then Covid-19 struck and I made some money but only because I
bought the puts so cheap that I was willing to lose all the value
on it. I was lucky. That being said, I do not know if
analysts have dropped a lot on their forecast. They are def
going to take a hit with sales on iphones and those types of items.
They may pick up business on the Apple TV side. Its a
hard call.
tks for that. yah have to be lucky to get the puts pay out
for the protection. i just need to recover mine with their
decaying value. doesn't iv suck premium out of your puts too if you
buy them before the event? or is it on the call side that iv is
sucked out?
An example I will give you. I bought SLV and SLV call
options (JAN 2021) yesterday. i like SLV long term but gold
and silver have a lot of volatility. This am SLV was not
acting well so I dumped it and bought DSLV but kept my SLV call
because it goes out to 2021. Once SLV bottoms out, I will
sell DSLV (hopefully capture a small gain instead of a loss) and
keep the Call. Or I could have bought PUTS going out to June
and kept both SLV ETF and CALL positions but I decided to
keep the Call option and just play the ETF side.
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too
wide, really needs to do some reversion to mean come in a bit.
Like I said below gold on daily could be forming a triangle
of some sort or it might need a deeper ABC pullback, either way
that are needs consolidation
I dont know enough about delta and gamma to give a good answer.
When $VIX is high, premiums are high. I look for just
a day or couple of day holds. Unless you buy months out at
the money but then you are holding a premium for a while and in
this back drop I am not doing that.
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Closed the IWM puts and
Posted by ssaffer on 30th of Apr 2020 at 01:24 pm
Closed the IWM puts and SPY puts this am. Looking for a bounce into tomorrow especially if Amazon blows out earnings after the bell - probably get a bullish bias tomorrow.
Yes. Sold My SPY puts
Posted by retirefire on 30th of Apr 2020 at 01:34 pm
Yes. Sold My SPY puts near recent low and holding DBA in the green. Traded SPXL yesterday and sold in AH for nice gain.
nice work , saffer> what
Posted by imelhoe on 30th of Apr 2020 at 01:29 pm
nice work , saffer> what do you think aapl will do tomorrow. i have long shares and protective june puts that are leaking water . do you know expected move in appl earnings perchance. someone said 14 in this chat room
That's a tough call.
Posted by ssaffer on 30th of Apr 2020 at 01:37 pm
That's a tough call. Most of Q1 happened before the huge shut down. The Daily chart looks like a rising wedge (these tend to be bearish). The buying volume has waned a lot the last couple of days. I think you have the right strategy in place. I bought cheap puts the day before there last earnings (they blow it out) and got hammered for about a week but then Covid-19 struck and I made some money but only because I bought the puts so cheap that I was willing to lose all the value on it. I was lucky. That being said, I do not know if analysts have dropped a lot on their forecast. They are def going to take a hit with sales on iphones and those types of items. They may pick up business on the Apple TV side. Its a hard call.
tks for that. yah have
Posted by imelhoe on 30th of Apr 2020 at 01:56 pm
tks for that. yah have to be lucky to get the puts pay out for the protection. i just need to recover mine with their decaying value. doesn't iv suck premium out of your puts too if you buy them before the event? or is it on the call side that iv is sucked out?
An example I will give
Posted by ssaffer on 30th of Apr 2020 at 02:08 pm
An example I will give you. I bought SLV and SLV call options (JAN 2021) yesterday. i like SLV long term but gold and silver have a lot of volatility. This am SLV was not acting well so I dumped it and bought DSLV but kept my SLV call because it goes out to 2021. Once SLV bottoms out, I will sell DSLV (hopefully capture a small gain instead of a loss) and keep the Call. Or I could have bought PUTS going out to June and kept both SLV ETF and CALL positions but I decided to keep the Call option and just play the ETF side.
Yesterday I noticed that the
Posted by matt on 30th of Apr 2020 at 02:24 pm
Yesterday I noticed that the MA ribbon the GDX/GLD ratio got too wide, really needs to do some reversion to mean come in a bit. Like I said below gold on daily could be forming a triangle of some sort or it might need a deeper ABC pullback, either way that are needs consolidation
I dont know enough about
Posted by ssaffer on 30th of Apr 2020 at 02:03 pm
I dont know enough about delta and gamma to give a good answer. When $VIX is high, premiums are high. I look for just a day or couple of day holds. Unless you buy months out at the money but then you are holding a premium for a while and in this back drop I am not doing that.