optionsstrategies

NaughtyPines NaughtyPines BBY, D, a day ago
BBY: OPENING: BBY MARCH 10TH 38/42/47.5/51.5 IRON CONDOR
45 0 5
BBY, D
OPENING: BBY MARCH 10TH 38/42/47.5/51.5 IRON CONDOR

BBY announces earnings tomorrow before market open, so look to put on something today before market close to take advantage of the ensuing volatility contraction. Implied volatility rank is currently at 92 over the preceding six months, with implied volatility just shy of the 50% mark. I compared and contrasted going with my standard 20-delta iron condor, as ...

NaughtyPines NaughtyPines GPS, D, 8 days ago
GPS: TRADE IDEA: GPS 21/25/25/29 IRON FLY
34 4 7
GPS, D
TRADE IDEA: GPS 21/25/25/29 IRON FLY

High implied volatility rank, high implied volatility, earnings/volatility contraction play ... . Metrics: Max Profit: $203/contract Max Loss/Buying Power Effect: $197/contract Break Evens: 22.97/27.03 Delta: -6.38 Theta: 2.03 Notes: I'll shoot to take this off at 25% max profit ... .

NaughtyPines NaughtyPines ATVI, D, 20 days ago
ATVI: TRADE IDEA: ATVI FEB 17TH 34/38.5/40/44.5 IRON CONDOR
78 0 5
ATVI, D
TRADE IDEA: ATVI FEB 17TH 34/38.5/40/44.5 IRON CONDOR

ATVI announces earnings tomorrow after market close, so look to put on a play in the waning hours of the NY sesh ... . Its implied volatility rank is >70%, and its background volatility is on the cusp of 50% ... . Metrics: Probability of Profit: 50%* Max Profit: $231/contract Max Loss/Buying Power Effect: $219/contract Theta: 11.33/contract Delta: ...

NaughtyPines NaughtyPines VIX, D, Short , 2 months ago
VIX: VIX TERM STRUCTURE TRADE: VIX FEB 15TH 16/19 SHORT CALL VERT
85 5 10
VIX, D Short
VIX TERM STRUCTURE TRADE: VIX FEB 15TH 16/19 SHORT CALL VERT

The two types of trades I like in VIX/VIX derivatives are (1) a "Term Structure" trade in VIX options; and (2) "Contango Drift" trades in the derivatives VXX, UVXY, and (inversely) SVXY. A "term structure" trade capitalizes on current VIX spot price in relation to VIX futures months' prices which, the vast majority of the time, are higher than current spot price, ...

NaughtyPines NaughtyPines DKS, D, 4 days ago
DKS: OPENING: DKS MARCH 17TH 43/50/50/57.5 IRON FLY
12 0 4
DKS, D
OPENING: DKS MARCH 17TH 43/50/50/57.5 IRON FLY

... for a 4.35 ($435)/contract credit. I put this on earlier in the week, but neglected to post it here ... . (High implied volatility rank; high implied volatility; it's in the 95th percentile of where implied volatility has been in the past six months; its background implied volatility is at 47%). Metrics (Currently): Max Profit: $418/contract Max ...

NaughtyPines NaughtyPines WUBA, D, 9 days ago
WUBA: THE WEEK AHEAD:  EARNINGS AND A PERSISTENTLY LOW VIX
67 2 4
WUBA, D
THE WEEK AHEAD: EARNINGS AND A PERSISTENTLY LOW VIX

If you're going to play anything next week premium selling wise, it's going to be in earnings, because that's all that's really out there volatility-wise. The VIX remains persistently low here, and running a screen for exchange-traded funds with >70% implied volatility rank, and >35% implied volatility yields absolutely nothing. Here's what showed up on my radar ...

NaughtyPines NaughtyPines NVDA, D, 22 days ago
NVDA: OPENING: NVDA 100/105/140/145 IRON CONDOR
131 0 11
NVDA, D
OPENING: NVDA 100/105/140/145 IRON CONDOR

... for a 1.57/contract credit. (Earnings; High IVR/High IV). I fiddled with various setups long enough ... . Here, I'm going out farther in time than I usually like to go with an earnings play in order to give myself time to be right. Will look to manage to 50% max profit. Metrics: Probability of Profit: 63% Max Profit: $157/contract Max Loss: ...

NaughtyPines NaughtyPines RAD, D, 7 days ago
RAD: TRADE IDEA: RAD APRIL 21ST 6 LONG CALLS
29 0 5
RAD, D
TRADE IDEA: RAD APRIL 21ST 6 LONG CALLS

I do these lotto trades once in a while ... . I won't take credit for it, and I'm not the only "genius" who's thought of it given open interest in the March, April 6 and 7 calls ... . Here's the low-down, courtesy of Motley Fool: https://www.fool.com/investing/2017/02/21/the-clock-is-ticking-to-profit-from-rite-aid-stock.aspx Because I'm paying a debit for this ...

NaughtyPines NaughtyPines SPY, D, Long , 18 days ago
SPY: TRADE IDEA: SPY MAY 19TH 212/MARCH 17TH 224 SHORT PUT DIAGONAL
102 0 9
SPY, D Long
TRADE IDEA: SPY MAY 19TH 212/MARCH 17TH 224 SHORT PUT DIAGONAL

Here, I'm looking to add some long delta to my portfolio, although it's also good as a stand alone trade in this low volatility environment. The short-dated put is being sold at the ~20 delta strike, the long-dated one at the ~15, so I'm picking up about 5.00 positive delta/contract from this setup. Unfortunately, with diagonals, we're not able to precisely ...

NaughtyPines NaughtyPines XOP, D, a month ago
XOP: TRADE IDEA: XOP MARCH 17TH 36/40/40/44 IRON FLY
33 0 5
XOP, D
TRADE IDEA: XOP MARCH 17TH 36/40/40/44 IRON FLY

Looking for petro to zombie about in here in the short term ... . Implied volatility rank isn't as high as I'd like it, but background vol is one of the higher ones out there for exchange traded funds. Metrics: Max Profit: $242/contract Max Loss: $158/contract Break Evens: 37.58/42.42 Notes: Will look to manage at north of 25% max profit.

NaughtyPines NaughtyPines SPX, D, a month ago
SPX: OPTIONS TIP: "CHEAP CALLS" HERE MAY NOT BE "SMART" ... DEPENDING
48 0 5
SPX, D
OPTIONS TIP: "CHEAP CALLS" HERE MAY NOT BE "SMART" ... DEPENDING

Bad advice in part; good advice in part; hiding the ball in part. http://finance.yahoo.com/news/volati...213649448.html The good part: cover your stock/equity positions with short calls. This will smooth out your P&L somewhat and protect you -- albeit not completely -- from down side risk while reducing cost basis in your shares. Unfortunately, they don't want to ...

NaughtyPines NaughtyPines X, D, a month ago
X: X EARNINGS SHORT STRANGLE/IRON FLY
70 3 8
X, D
X EARNINGS SHORT STRANGLE/IRON FLY

X announces earnings tomorrow (Tuesday) after market close, and with its implied volatility rank and implied volatility metrics, it's ripe for a volatility contraction play. Here are two possible setups, which naturally might need to be tweaked this way or that depending on price movement intraday tomorrow. Feb 17th 29/38 Short Strangle Metrics Probability of ...

NaughtyPines NaughtyPines VIX, D, a month ago
VIX: TRADE IDEA: VIX MARCH 22ND 11.5/13.5 LONG CALL VERTICAL
41 0 6
VIX, D
TRADE IDEA: VIX MARCH 22ND 11.5/13.5 LONG CALL VERTICAL

Truth be told, I'm not a "debit spread" guy, namely because I look at them as "one and dones" -- they either work or they don't; rolling these out for duration generally costs more money, and I don't like paying to roll, so I look at them as "one shots." Here, I looked for a risk one to make one metric for the setup ... . Metrics: Max Profit: $105/contract Max ...

NaughtyPines NaughtyPines VIX, D, a month ago
VIX: THE WEEK AHEAD: EARNINGS TAKE THE STAGE
46 0 3
VIX, D
THE WEEK AHEAD: EARNINGS TAKE THE STAGE

You wouldn't have known it last week with all the inauguration hoopla, but we're in earnings season. Now that the hoopla's in the rear view mirror, earnings will take the market stage (and, yes, a bit of digesting of what all "the hoopla" meant). SPY et al. (Broad Market) From a premium seller's perspective, "SPY and friends" continues to be an unproductive ...

NaughtyPines NaughtyPines SPY, D, a month ago
SPY: TRADE IDEA: SPY APRIL 21ST 209/212/235/238 IRON CONDOR
32 0 5
SPY, D
TRADE IDEA: SPY APRIL 21ST 209/212/235/238 IRON CONDOR

Going out to April for my core index exchange-traded fund position, since volatility "locally" (<45 DTE) blows here. Very close to getting 1/3rd the width of the wings; it'll have to do ... . Metrics: Probability of Profit: 54% Max Profit: $92/contract Max Loss/Buying Power Effect: $208/contract Break Evens: 211.08/235.92 Theta: .67/contract Delta: ...

NaughtyPines NaughtyPines GDXJ, D, a month ago
GDXJ: TRADE IDEA: GDXJ FEB 17TH 30/36/37/45 IRON CONDOR/FLY
55 0 4
GDXJ, D
TRADE IDEA: GDXJ FEB 17TH 30/36/37/45 IRON CONDOR/FLY

There isn't much non-earnings stuff out there that has both high implied volatility rank and high implied volatility. This is one of them. Here I'm going with an extremely narrow iron condor, such that it's almost an iron fly ... . Metrics: Max Profit: $338/contract Max Loss/Buying Power Effect: $462/contract Break Evens: 32.62/40.38 Notes: I'm going to treat ...

NaughtyPines NaughtyPines NFLX, D, a month ago
NFLX: OPENING: NFLX JAN 27TH 111/116/150/155 IRON CONDOR
60 0 6
NFLX, D
OPENING: NFLX JAN 27TH 111/116/150/155 IRON CONDOR

.... for a 1.21 credit. Here are the metrics for the setup: POP%: 69% Max Profit: $121/contract Max Loss/Buying Power Effect: $379/contract BE's: 114.80/151.20 Notes: NFLX announces earnings tomorrow after market close, so I would usually put a setup on "the day of." However, I don't want to space it out, so doing it now.

NaughtyPines NaughtyPines VIX, D, a month ago
VIX: OPENING: VIX APRIL 17TH 17/20 SHORT CALL VERTICAL
36 0 4
VIX, D
OPENING: VIX APRIL 17TH 17/20 SHORT CALL VERTICAL

Another "Term Structure" trade, this time in the April expiry. (I currently have one of these on in March -- a 16/19 short call vert). Here, the /VX futures contract in April is currently trading at 17.10 or so, so I'm using that price as a guide for my short call strike. Looking for a fill at .75-ish ... .

1234567 Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out