How are you trading options that expire mid month? Expiry is usually the third friday of a month? And both of you need to knock off the insults and jabs...it is getting to be too much.
That’s what is available on Robinhood.
5/1
5/8
5/15
5/22
5/29
6/5
6/19
7/17
8/21
etc
Quote Originally Posted by wallstreetcappers:
How are you trading options that expire mid month? Expiry is usually the third friday of a month? And both of you need to knock off the insults and jabs...it is getting to be too much.
Yes. All of this has changed a lot over the years — for various reasons.
Any equity that has options will have monthly options, which expire the third Friday of the month. Then some will offer weekly which expire on the other Fridays. There are even a handful of equities that have quarterlies. Some, like SPX are so heavily traded that they have weeklies that expire on Mondays, Wednesdays, and Fridays. This is because of how heavily traded they are. Then you will see that some, like you listed, have weeklies for near months but not further out months. But as those months get closer they will open up weeklies.
That is why I say you have to be aware of the intrinsic value of these options because of the time premium, volume and the open interest.
There are a lot of things you really need to study and read up on.
If you are interested I can scrounge around for a couple of good links for you to read. Learning by trial and error can get costly — if you are not careful!
I also noticed you are still buying — but are you putting in sell orders after you buy them?
Yes. All of this has changed a lot over the years — for various reasons.
Any equity that has options will have monthly options, which expire the third Friday of the month. Then some will offer weekly which expire on the other Fridays. There are even a handful of equities that have quarterlies. Some, like SPX are so heavily traded that they have weeklies that expire on Mondays, Wednesdays, and Fridays. This is because of how heavily traded they are. Then you will see that some, like you listed, have weeklies for near months but not further out months. But as those months get closer they will open up weeklies.
That is why I say you have to be aware of the intrinsic value of these options because of the time premium, volume and the open interest.
There are a lot of things you really need to study and read up on.
If you are interested I can scrounge around for a couple of good links for you to read. Learning by trial and error can get costly — if you are not careful!
I also noticed you are still buying — but are you putting in sell orders after you buy them?
Yeah those ultra short options are death to your account...Id suggest going out three months for safety, that means fewer contracts but you are adding time value which matters more than anything.
Yeah those ultra short options are death to your account...Id suggest going out three months for safety, that means fewer contracts but you are adding time value which matters more than anything.
Wow, there was some frenetic activity in HD about 1230 EST on the daily chart. Oscillated heavy to the upside, gave it all up, then a steady march higher throughout the day back to the high point. I'd go nuts trying to figure out the daily moves on anything..
Wow, there was some frenetic activity in HD about 1230 EST on the daily chart. Oscillated heavy to the upside, gave it all up, then a steady march higher throughout the day back to the high point. I'd go nuts trying to figure out the daily moves on anything..
Have any of you guys looked at Peloton. This looks like a prime company that would fall in the future, and is taking big time advantage of people not going to the gym right now. I supposed the Million Dollar Question is ; Do people cancel their Peloton membership and go back to the gym once gyms re-open ? I highly doubt people keep both memberships... Not in this economy.
Have any of you guys looked at Peloton. This looks like a prime company that would fall in the future, and is taking big time advantage of people not going to the gym right now. I supposed the Million Dollar Question is ; Do people cancel their Peloton membership and go back to the gym once gyms re-open ? I highly doubt people keep both memberships... Not in this economy.
Isnt Peleton just a reincarnation of that lousy treadmill company that keeps changing their name?
Ive never thought the margins on large in home equipment were very good, maybe that isnt the case but I know the turnover and death rate on fitness companies seems to be high.
Isnt Peleton just a reincarnation of that lousy treadmill company that keeps changing their name?
Ive never thought the margins on large in home equipment were very good, maybe that isnt the case but I know the turnover and death rate on fitness companies seems to be high.
Yeah, they're into the exercise bike.. Not sure why the treadmill isn't part of their mix. Cost maybe?
In any event, it's a fixed up exercise bike w/ a nice display and an internet connection for virtual classes. Wooppee .. Lol. How long before it turns into the most expensive coat hangar in people's rooms. Lol. It might be a few years... That's probably the biggest danger in shorting I suppose.
Yeah, they're into the exercise bike.. Not sure why the treadmill isn't part of their mix. Cost maybe?
In any event, it's a fixed up exercise bike w/ a nice display and an internet connection for virtual classes. Wooppee .. Lol. How long before it turns into the most expensive coat hangar in people's rooms. Lol. It might be a few years... That's probably the biggest danger in shorting I suppose.
I know you are trying to pick spots to short. How are you determining this? Technical, fundamental, news, feel?
For example, I see 3-4 opportunities today that look promising. Depending on your criteria.
BA is announcing 10% VLO today and huge cutbacks in several programs and executives foregoing yearly salaries. I’d expect a downturn with them on this news and maybe for a time.
I also think this is a good spot to grab SPX this morning. It should jump up early and I would watch the charts closely because indications are it will take a hit late morning or early afternoon and then turn again. Just something to keep an eye on. Today should be bouncy — so if you pick your spots it might be a good play.
I know you are trying to pick spots to short. How are you determining this? Technical, fundamental, news, feel?
For example, I see 3-4 opportunities today that look promising. Depending on your criteria.
BA is announcing 10% VLO today and huge cutbacks in several programs and executives foregoing yearly salaries. I’d expect a downturn with them on this news and maybe for a time.
I also think this is a good spot to grab SPX this morning. It should jump up early and I would watch the charts closely because indications are it will take a hit late morning or early afternoon and then turn again. Just something to keep an eye on. Today should be bouncy — so if you pick your spots it might be a good play.
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