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Ronzoil option trades

Discussion in 'Trade Journals' started by Ronzoil, Apr 24, 2017.

  1. Ronzoil

    Ronzoil Member

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    1.closed out GLD for 5 % win

    2.closed out TLT for 14% win

    3.closed out EWZ for 30% win

    4.close out FXE for 35 % win

    5.closed out IWM for 33% win

    6.rolled NFLX for .99 credit

    7.closed TSLA for 13 % win

    8.sold vertical in FXE for .41 credit

    9.rolled IWM for .68 credit

    10. Sold naked put in VIX for .30 credit

    11.rolled puts in FXE for .20 credit

    12.rolled IBM put down from 267.5 to 265 for 2.33- same as .17 credit.

    13.rolled ibm put down from 270 to 265 for 4.53 -same as .47 credit.

    14.rolled call in LULU for .39 -this is from bad earning trade getting better.

    15.rolled NFLX again for .68 credit

    16.closed out NUE for 25% win

    17.closed out calls in NUGT for 50% win

    18. sold stock in NUGT for $160 win

    19.sold strangle in SBUX for 1.36 looking for 25 %

    20.bought 100 shares CREE at 24.87

    21. sold 24 call in CREE for 1.58 credit earnings play
     
    T0rm3nted, Timbo and OldFart like this.
  2. OldFart

    OldFart Active Member

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    You've been busy.

    Commissions eating up profits?
     
  3. Ronzoil

    Ronzoil Member

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    No I trade threw tastyworks only 1 dollar to open and nothing to close.
     
    OldFart likes this.
  4. OldFart

    OldFart Active Member

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    Nice!

    Never heard of them. I'll have to check them out.
     
  5. Ronzoil

    Ronzoil Member

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    I am a very active trader, I was with TD and they were charging 7 bucks each way.
    the day i traded 125 contracts I knew I had to make a change.
     
  6. Ronzoil

    Ronzoil Member

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    4-25 trades

    1. closed out put in FCX for 25% win

    2.closed out Calander in NFLX for 20 % win

    3.rolled FX for .15 credit

    4.rolled SPY for .30 credit.

    5.rolled SPY for .20 credit

    6.rolled SPY for .10 credit

    7.closed out VIX for .35 loss

    8.rolled LULU for 1.38 this repairs this part of the bad earning trade.

    9.rolled LULU for .71 credit this part of the trade still under water

    10.rolled EBAY for .28 credit this is earning trade gone bad but now is above water.

    11.rolled put in VXX down from 17 to 16 cost .77- same as .23 credit.

    12.rolled put in SBUX for .70 credit.

    13.sold vertical in XRT for .82

    14.closed out many positions in IWM for 28% win

    15.sold condor in X for 1.43 earnings play
     
  7. Timbo

    Timbo Active Member

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    Great thread, will Def keep a eye in here, I mostly trade SPY options. Always open to new ideas. My account is down a few days while everything is transferred over.
     
  8. Ronzoil

    Ronzoil Member

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    Timbo,
    Thanks for the feedback glad you enjoy the post.

    I guess I should post as soon as I make the trade that way people could make the same trade if they wanted.
     
    #8 Ronzoil, Apr 26, 2017
    Last edited: Apr 26, 2017
  9. Ronzoil

    Ronzoil Member

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    4-26 trades

    1. closed out puts in TWTR for 33% win

    2.bought back calls in TMUS fly trade gone bad .48 loss. Will roll puts until It turns a profit.

    3.bought back calls in SPY fly trade gone bad, Still have puts and .45 profit.

    4.bought back calls in EEM fly trade gone bad. Still have puts at .10 profit

    5.closed out XLE for 20% win

    6.Closed out calls in CREE for 99% win

    7.sold 22.5 calls in CREE for .27 credit

    8.closed out all calls in FXE fly trade gone bad ,still have puts with .97 credit

    9.sold condor in BA for 2.63 credit

    10.closed out X for $70 loss

    11.rolled IWM put up from 139 to 140 for .27 credit

    12,bought stock in X for 23.24

    13. sold 24 call in X for .50

    14.rolled put in KMX changing from condor to fly .83 credit.

    15.closed out XRT for 20% win.
     
  10. Ronzoil

    Ronzoil Member

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    4-27

    1. sold iron condor in BA for 1.92 credit

    2. rolled calls in IWM for .36 credit

    3. sold put spread in TSLA for 1.36 credit.

    4.bought butterfly in SBUX for .25 earning play

    5..rolled put in IBM for .17 credit

    6.bought $34 put in GT for .40 this is based on bad earnings today on CTB.

    Not many trades today market kinda flat
     
    #10 Ronzoil, Apr 27, 2017
    Last edited: Apr 27, 2017
  11. Ronzoil

    Ronzoil Member

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    4-28

    1.closed out SBUX earnings play for 30% win

    2.closed out fly in QCOM for 10% win

    3.sold vertical in GT for .20 credit repairing loosing earning trade

    4.roll short put in GT for .20 credit reparing loosing earning trade

    5.closed vertical in TSLA for 8 % win

    6.rolled IWM calls for .70 c

    7.close put side of Earning trade in GT for .05 credit total trade now just .03 in the red will keep rolling the put until it is a winner.
     
    #11 Ronzoil, Apr 28, 2017
    Last edited: Apr 28, 2017
  12. Ronzoil

    Ronzoil Member

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    5-1

    1. JNUG scalp .06 win

    2. JNUG scalp .05 win

    3.JNUG scalp .15 win

    4.JNUG scalp .03 win

    5.rolled put in XLV for .22 credit

    6.closed IWM condor for 5 % win - market was moving against position so 5 % win better than any loss !

    7. close call in X for 84% win

    8.sold 23 call in X for .17

    9.JNUG scalp for .03

    10.JNUG scalp for .05

    11. JNUG scalp for .04

    12. rolled XLV put for .17 credit

    13..close out condor in BA for 25% win

    14.sold condor in BA for 1.29

    15.rolled a call in LULU from 67-65 for .63 credit part of bad earning trade repair.

    16. sold condor in DAL for .50 credit
     
    #12 Ronzoil, May 1, 2017
    Last edited: May 1, 2017
  13. Ronzoil

    Ronzoil Member

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    1. JNUG scalp .06 win

    2. JNUG scalp .04 win

    3.sold call vertical in GM for .22 credit

    4.rolled put in GT for .40 credit

    5.sold condor in SHOP for 3.50 credit

    6. closed out put in VRX for 25% win

    7.closed out VRX put for 29 % win

    8.rolled up put in DAL for .27 credit

    9.sold condor in DAL for .43

    10.rolled call in X for .20 credit

    11. sold 5 and 10 put spread in ETSY earnings play for 1.70 credit

    12. sold call side of SHOP for 2.80 still have put side of iron condor on for .70 credit.

    13.sold KMX vertical for .43

    14.rolled put in TMUS for .69 credit
     
    #13 Ronzoil, May 2, 2017
    Last edited: May 2, 2017
  14. Ronzoil

    Ronzoil Member

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    5-3
    1. closed fly in KMX for 5% win trade going against me.

    2. scalp in TWTR for .10 win

    3.sold put spread in FSLR for 1.45 credit

    4.sold condor in AAPL for 1.52 credit

    5.rolled call in GM for .23 credit

    6.rolled call in X for .12 credit

    7. sold put in X for 1.15 credit

    8.sold puts in GT for .25 credit

    9.sold condor in TSLA earnings trade for 1.13 credit

    10 . rolled put in DAL for .32 credit

    11. sold 3 put spreads in DAL for .25 credit
     
    #14 Ronzoil, May 3, 2017
    Last edited: May 3, 2017
  15. Ronzoil

    Ronzoil Member

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    5-4

    .close out condor in TSLA for 12% win overnight trade

    2.scalp in TWTR for .02 win

    3.rolled put in DAL for .27 credit

    4.closed out call vertical in GM for 50% win

    5.sold condor in TSLA for 3.14 credit

    6.rolled put in GT for .31 credit

    7.closed out put in SNAP for 10% win.

    8.sold fly in NWL for 2.15 credit

    9.sold put spread in TSLA for 4.45 credit

    10.scalped in BAC for .05 credit.

    11. scalped SNAP for .02 win
     
  16. Ronzoil

    Ronzoil Member

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    5-5

    1. closed vertical in TSLA for 50% win

    2,sold naked 20.5 put in X for .32 one week trade

    3.sold 32.5 put in GM for .11 one week trade

    4.sold vertical put spread in IBM .58 credit one week trade

    5.rolled put in BA for .87 credit

    6.bought TWTR stock at 18.68

    7. Sold 18.50 call in TWTR for .42 one week trade.

    8. sold fly in GIS for 2.55

    9. rolled up put in AAPL for .96 credit

    10.sold vertical in TSLA for 1.04
     
    #16 Ronzoil, May 5, 2017
    Last edited: May 5, 2017
  17. Ronzoil

    Ronzoil Member

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    over the weekend I will post about why I like to trade iron condors. Please reply if your interested in reading this.
     
  18. Ronzoil

    Ronzoil Member

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    As promised.

    Iron condor are one of my favorite trades. While they are not the highest profitable trade they do offer a great chance of turning a profit just about end any market condition. So to better understand and iron condor let look at how we set one up and how it can play out.


    1. First we pick a stock or ETF I like to choose ones with good volume as they have the smallest bid ask difference when you trade as many as I do a few cents makes a difference.

    2. Let pick BA . Current price 185.00

    3. Lets say we sell the condor 180-182.50 put spread and 187.50-190 call spread with 28 days left for 1.42 or $142 credit.

    4. The $142 is max profit and with a 2.5 wide spread the max loss will be $108.

    5. This has a Theta decay of 1.35 per day I like to have over 1 when I place a trade.

    6. I like to close out an condor for 25% of max profit if all goes my way. In this trade it would be $35 per contract.

    7. Let say that it does not go my way , the price start to fall after placing the trade. Well I don’t start losing money until it cross the 182.50 put.

    8. At that time I look to collect more credit, by adjusting the call side.

    9. To do this we buy back the 187.50 call we sold when we first put on the trade and sell the 185 call for a credit ( based on today closing price this will bring in 1.08 in credit. I am sure it will be less if the stock price drops. So let say we only get .75

    10. So to review we now have taken in a total of 2.17 in credit. So this lowers the point to where we lose money down to 180.33

    11. Let say the price continues to go down below our 180.33 we then make another adjustment.

    12. We now buy back the 185 call we just sold and sell the 182.5 call let say we take in another .50 credit. ( notice this is the same price we original sold the put at) we now have what is called an iron fly.

    13. We now have taken in a total of 2.67 so our new breakeven point it 179.83

    14. If the above scenario was playing out I would also be selling additional call spreads in order to take in more income.

    15. Remember with options there is always another way to skin a cat.
     
    anotherdevilsadvocate likes this.
  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I'll give this a closer read later, I like the way you number things to break them down. Makes it easier to ask specific questions :)

    One thing I noticed in previous post
    So you actually have shares too, but only trade options?
     
  20. Ronzoil

    Ronzoil Member

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    2,sold naked 20.5 put in X for .32 one week trade- This is an option trade

    3.sold 32.5 put in GM for .11 one week trade- This is an option trade.

    To answer your question.
    I mainly trade options, but I do scalp trade stocks, I also will get assigned stock from and option trade gone bad.

    Take the example above where I sold naked 20.5 put in X if it were to go down to say 15 you could not get much credit from rolling the option, so in that case I would take the stock and sell calls against it to reduce my cost until the trade made a profit.

    I also do the same on scalp trades, I will by a few thousand shares and when it goes up 1 2,or 3 cents I sell.
    but when I buy and the price goes down I will then sell at the money or slightly above the money calls against it that will expire the next Friday. If the stock gets called away great, if not I will sell calls again for the next Friday.

    Example of real scalp trade where the price went down and cause me to sell calls.
    if the stock is called away from me I will profit .24 per share. if it is not called away from me I have reduce my cost in my TWTR shares to 18.26

    6.bought TWTR stock at 18.68

    7. Sold 18.50 call in TWTR for .42 one week trade.
     

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