Option picks - place some of your option here

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Winner
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Joined: Wed Jan 06, 2010 10:40 am

Re: Option picks - place some of your option here

Post by Winner »

Collect $2,772.12 (after commission) on MAT
BUY to open 16MAR18 $21 CALL
SELL to open 16MAR18 $116 CALL
for NET CREDIT of $1.40
also added 100 contracts of PUT
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

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Winner
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Re: Option picks - place some of your option here

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Earning trade: I bought average less than $1 debit.

BTO: AAPL MAY04 $167.5 Call
STO: AAPL MAY04 $165 Put
BTO: AAPL MAY04 $160 Put

FYI: I haven't update my IFT on fantasy account since my real tsp account is 100% I fund since March. I also have 10 open EFA MAY18 $69 Call purchased average cost less than $2.

Here are some stocks I currently hold in my IRA account (majority own 3% to 15% (*one stock own with 50%) less than market price by selling in the money Put): HD, NFLX, LRCX, WUBA, CRON, CTRL, CANN, AKS, MARA and several other stocks with including one stock pay 10% dividends. On top of the dividends stocks (I didn't count dividends as source of income), I continue to collect monthly income no less than $2K (base on 1 contract = 100 shares) by selling weekly and/or monthly calls to create covered call then let it expire worthless or roll them over if they are in the money. So far the most I collect is WUBA average from $300 to $1k on monthly base on 1 contract (buy to close when stock down and sell to open when it up). I use less than $75k to own all of the stocks. Sometime to free cash flow I sold the stock and also sold put that expire within month to collect additional income for no less than $300 to $500 per contract. Best time to collect several hundred more during earning season since options worth a lot more for put and call. At first I own from 500 shares to 1,000 shares (by selling 5 to 10 contracts), but then reduce my risk to 100 shares for the stock that trade over $75 and all other I still have from 300 shares up to 20,000 shares.

Check this out how Wayne Thorp explain and compare covered call get 40% annual return vs equivalent strategy by selling put 130% annual return with margin account (I'm not AAII membership yet). http://blog.aaii.com/options-the-concep ... etop&acc=n
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

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Winner
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Joined: Wed Jan 06, 2010 10:40 am

Re: Option picks - place some of your option here

Post by Winner »

Winner wrote:Earning trade: I bought average less than $1 debit.

BTO: AAPL MAY04 $167.5 Call
STO: AAPL MAY04 $165 Put
BTO: AAPL MAY04 $160 Put
After hour trade above $175, so looking to close at least $8 or more than 700% for less than 48 hours.
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

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Winner
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Re: Option picks - place some of your option here

Post by Winner »

Sold call and bought $175 put (25k volume on this strike and 27k for $172.5) expect APPL is going down for the next two days.

FB:
STO $1.75 expire on 05/04 (expect down the two days and will roll as needed)
BTO $177.5 expire on 06/01 (long term up)
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

XAMOTOMAX
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Re: Option picks - place some of your option here

Post by XAMOTOMAX »

Thoughts on GE bottoming? Considering the Sep21 exp $17 strike call option currently at 23 cents.

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Winner
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Re: Option picks - place some of your option here

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XAMOTOMAX wrote:Thoughts on GE bottoming? Considering the Sep21 exp $17 strike call option currently at 23 cents.
I don't think so on GE. It's not worth for me to consider GE at this time (some how when I bought puts I lock in almost $10K, but when I buy calls 01/2019 then sold last month as a lost last month for couple hundred). If you like then you may consider calendar spread to reduce your cost on any stock or EFT. I have open calendar spread on MA (Sell calls 06/08 /Buy 07/20 on $200 strike) and FB (Sell 06/08 $195 and $197.5 then buy 4 to 6 week out on the same strike). I roll them every Friday to get more credit or sometime debit for higher strike.

AMZN continue up trend from now until mid July (buy call spread or sell put spread for credit). Today I closed $1600/$1610 call spread for triple digits gain expire next week. I'll looking to open a new one with expiration either the end of this month or next month.

8 out of 10 that 30 days after Memorial Day APPL trading down (don't have anything open yet, buy will consider buy put or sell call spread for credit)

This week and next week it continue side way to up trend SPX or SPY (I buy call or call spread and/or sell put spread for credit). Expect to 6/18-22 (I will buy put). I'm trading on daily and weekly on them. I have open IWM (expire next month), SPY (the end of the month) and SPX (tomorrow) calls.
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

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Winner
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Re: Option picks - place some of your option here

Post by Winner »

XAMOTOMAX wrote:Thoughts on GE bottoming? Considering the Sep21 exp $17 strike call option currently at 23 cents.
I have been waiting for GE to exit the DOW and now is the time for me to consider as a bottom.


Bullish on FB (just bought)
Buy diagonal calls $200 Aug 3 Sell $202.50 (or $205) Jun 29
Buy calendar put $200 July 13 and Sell Jun 29 $1.90
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

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Fund Prices2021-05-07

FundPriceDayYTD
G $16.58 0.00% 0.43%
F $20.72 0.00% -2.27%
C $63.32 0.75% 13.24%
S $82.16 1.32% 10.72%
I $38.76 1.29% 9.51%
L2065 $13.84 1.02% 11.49%
L2060 $13.84 1.02% 11.49%
L2055 $13.84 1.02% 11.49%
L2050 $28.21 0.84% 9.30%
L2045 $12.88 0.79% 8.73%
L2040 $47.05 0.73% 8.19%
L2035 $12.44 0.67% 7.54%
L2030 $41.46 0.61% 6.91%
L2025 $11.77 0.48% 5.47%
Linc $22.89 0.23% 2.76%

Pending Allocations

Under development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".

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