pa247
143 posts
msg #148372
- Ignore pa247 |
7/4/2019 12:16:05 PM
Fill Details - This is one sick puppy.
Bought 1 M 02/21/20 Put 15.00 @ 0.54
Filled at: Jul 2, 2019 12:46:00 PM EDT
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Trying to understand the thought behind this trade...
Referencing your post--above...
You are looking at a break-even of $14.46 as workable when the stock is around $21--need another +25% drop just to BE @ expiration?
Will you take profit or loss early? Do you have "written" rules?
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On most short term options I take profit at 50% or less depending on the type of option trade, DTE, stock movement, etc.. So vertical spreads are around 50%, butterflies or iron condors around 30%, etc. I will even close out an option if its getting close to expiration for a few dollars profit as tastytrade only charges $1 per leg on open and 0 on close.
I dont have any written rules. Ive watched almost every tastytrade video they've made and learned from them.
As far as any of the Leap options I own...... I am absolutely convinced that there will be a world wide recession/crash/slow painful fall, within the next 6 - 18 months. So those are long term holds for me (long term being 6 months+) until the time is right to sell them. I've been buying them in different industries that I think will be hurt the most, at prices that I consider very cheap for how much they will pay off if Im correct.
I also buy a cheap vix call every month as a kind of insurance against black swan type events.
The world is so awash in debt beyond anything imaginable, the ending is not going to be pretty.
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four
5,087 posts
msg #148374
- Ignore four
modified |
7/4/2019 1:15:03 PM
Thanks for the details.
In knowing the analysis and logic they give context to the trade.
Try...
https://www.radicalpersonalfinance.com/blog/628-federal-debt-the-ticking-bomb-that-no-one-is-willing-to-defuse
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pa247
143 posts
msg #148386
- Ignore pa247 |
7/5/2019 2:54:53 PM
Fill Details
Bought 1 VIX 09/18/19 Call 32.50 @ 0.30
Filled at: Jul 5, 2019 1:12:29 PM EDT
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pa247
143 posts
msg #148481
- Ignore pa247 |
7/12/2019 10:31:42 AM
Bought 2 GT 01/15/21 Put 8.00 @ 0.38
Filled at: Jul 12, 2019 10:28:36 AM EDT
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pa247
143 posts
msg #148482
- Ignore pa247 |
7/12/2019 10:32:49 AM
Bought 1 IRM 10/18/19 Put 25.00 @ 0.27
Filled at: Jul 11, 2019 3:50:21 PM EDT
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four
5,087 posts
msg #148483
- Ignore four |
7/12/2019 12:11:16 PM
Pa247,
Sorry for being a pain... is it possible to add 3 items to your post?
1.The price of the stock.
2.Reasoning why the trade is placed. A sentence or two.
3.Expected profit exit and loss exit.
This will provide more detail for those trying to follow your trades and reasons.
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pa247
143 posts
msg #148485
- Ignore pa247
modified |
7/12/2019 4:53:40 PM
ok. I can do that.
Any LEAPs that are in 2021 are because of this "As far as any of the Leap options I own...... I am absolutely convinced that there will be a world wide recession/crash/slow painful fall, within the next 6 - 18 months. So those are long term holds for me (long term being 6 months+) until the time is right to sell them. I've been buying them in different industries that I think will be hurt the most, at prices that I consider very cheap for how much they will pay off if Im correct."
The monthly VIX options are this: " I also buy a cheap vix call every month as a kind of insurance against black swan type events. " When the VIX falls below 12-13 I buy a cheap call for a future month.
I cant go back and edit anything so when I post new I'll include the info.
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pa247
143 posts
msg #148565
- Ignore pa247 |
7/17/2019 9:12:56 PM
Well the day of reckoning was today as I didn’t want to get assigned on this.
Bought 1 SVRA 07/19/19 Put 7.50 @ 5.00
Filled at: Jul 17, 2019 12:04:27 PM EDT
Net loss of $330
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four
5,087 posts
msg #148566
- Ignore four |
7/17/2019 11:21:30 PM
pa247,
Hope its OK to post the original trade you did... again.
I just want to make sure I see the entry and exit "together".
pa247
83 posts
msg #148130
- Ignore pa247 6/12/2019 2:23:20 PM
Sold SVRA Jul 19 $7.50 Put - CR$ 162.00
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pa247
143 posts
msg #148568
- Ignore pa247 |
7/18/2019 10:42:07 AM
6/19/2019 11:58:55 AM
Bought 1 NEPT 08/16/19 Call 5.00 @ 0.45
Filled at: Jun 19, 2019 9:41:12 AM EDT
Sold 1 NEPT 08/16/19 Call 5.00 @ 0.90
Filled at: Jul 18, 2019 10:27:07 AM EDT
$45 profit
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