optionsstrategies

NaughtyPines

... for a 5.10 ($510) credit. Notes: Opening a spread in the December monthly that pays 10% of its width. Will look to manage at 50% max; 2 x credit received. The correspondent trade in SPY would be the December 18th 289/294, paying .51 as of the writing of this post.

Siims123

trade Idea: - Buy The sTOCK To target 200 - Buy Call 180 Nov 20

mrmaximo74

AT&T looks to be fighting trending resistance, and is further being pressured out of its horizontal channel, falling out of the 28.92/30.04 price range. A light friday candle, arguably a doji, will not hold up this slight move in price northward. Good volume, however, and RSI Indicator suggesting a possible reversal off the 28.92 support. The question - Will it...

NaughtyPines

... for a 2.64/contract credit. Notes: A bet that TLT doesn't move much with no upside risk (the credit received exceeds the max risk of the two-wide short call vertical) and a downside break even of 157.36 (the short put strike minus the credit received). Additionally, even if it blows through the long call strike at 172, the credit received exceeds the max...

Siims123

Trade Idea: - Buy the stock for long term investment - Buy Call Oct 16 strike 230

Siims123

Trade Idea - Buy Put Oct16 Strike 6

NaughtyPines

Pictured here is a QQQ November 239 short put I filled for a 3.90 credit. (See Post Below). It's got 33 days to go, and was valued at 1.32 as of Friday close (i.e., it's in profit by 2.58 ($258)). I would like to lock in that profit here, but stay in the play a little longer to bleed the last bit of extrinsic (1.32) out of it. Rolling out in time is one way to...

NaughtyPines

Pictured here is an SPX short put vertical I recently put on as an alternative to going SPY short put in cash secured environment. (See Post Below). When do one as opposed to the other and how should I manage each? First, let's compare the metrics of the two strategies, both of which are neutral to bullish assumption: they will make money at expiry if SPX/SPY...

Siims123

trade idea Buy Call 600 NOV20

NaughtyPines

... for a 5.10 credit. Notes: Putzing with a "10%-er." It's a 10%-er due to the fact that the credit received is 10% of the width of the spread. Here, I'm receiving 5.10 on a buying power effect of 44.90, which would be 11.36% ROC at max as a function of buying power effect (5.68% at 50% max) or 92.14% annualized at max, 46.07% at 50% max. A comparable SPY...

NaughtyPines

... for .48/contract. Notes: Selling some more SLV (30-day at 47.7%), as well as collating my "ladder" into a single post. Will add in a December monthly "rung" once that becomes available, assuming the volatility hangs in there. Collected 1.74/contract in total. Here's the way I look at this trade relative to one put on in GLD: Currently, GLD is trading at...

NaughtyPines

... for a 5.91 credit in total. Notes: Going where the volatility is ... . 30-day greater than 35% (39.8%) with the November at-the-money short straddle paying 13.1% of where the stock is currently trading. This isn't usually an IRA play I go for, since you won't get paid to wait if you get assigned shares (the yield is absolutely paltry at .10%). However,...

NaughtyPines

... for a 3.90/contract credit. Notes: My weekly 2 x expected move/16 delta short put in the broad market exchange-traded fund with the highest 30-day, which is QQQ here at 33.6%. There isn't a weekly expiry available right around 45 days, so going with the monthly. 235.10 break even with a 1.66% ROC at max. Will run to approaching worthless and/or roll out...

Siims123

Trade Idea - Buy to target 120 then 140 - Buy the call 120 Oct 16

NaughtyPines

With (a) the Federal Reserve telegraphing "lower for longer," but (b) not much lower, given the practical limitations of cutting rates from here; (c) overhead resistance at ~172.50; and (d) the fact that the Fed interest rates will hike rates (modestly or otherwise) "at some point" going forward, I'm looking to short the 20 year + maturity treasury...

NaughtyPines

I'm probably sticking this out there in too lengthy of a duration relative to the binary event I'm looking to play, but wanted to post it in the event I space the play out. Pictured here is a double 4 x 2 broken wing butterfly. Due to its being an 8-leg position, I legged into the put side for a .35 credit and then into the call side for a .34 credit, for a...

NaughtyPines

... for a .37/contract credit. Notes: Now that I look at it, the weeklies are super liquid. With 30-day at 47.8%, selling the strike nearest the 16 delta/45 days until expiry. That .37 ($37) doesn't seem like much, but as a function of notional risk, it's 1.99% ROC at max/17.3% annualized as a function of notional risk. Full position is the November 6th...

NaughtyPines

... for a .66/contract credit. Notes: A starter position in "junk" at the 17 delta in the November cycle. The implied volatility here is quite low -- 15.7% for the 30-day, but I'm looking to eventually swap out my TLT position for something that pays more on a percentage basis. HYG's yield is currently 5.02% with a monthly dividend payment of .341, with the...