Author Topic: What are you buying today?  (Read 1202943 times)

winjitsu

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Re: What are you buying today?
« Reply #3150 on: July 26, 2018, 02:23:14 PM »
selling OTM puts and buying calls on FB


boilermaker75

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Re: What are you buying today?
« Reply #3151 on: July 27, 2018, 06:37:32 AM »
SYF 30-strike, Aug 3 expiration puts for $0.50 per share

boilermaker75

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Re: What are you buying today?
« Reply #3152 on: July 27, 2018, 07:59:36 AM »
SYF 30-strike, Aug 3 expiration puts for $0.50 per share

Some 29.5 strike, Aug 3 expiration for $0.60 per share

Lance

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Re: What are you buying today?
« Reply #3153 on: July 27, 2018, 09:47:25 AM »
TIVO - Some $12 strike, Aug. 17 expiration puts for $0.70 per share (channeling my inner Boilermaker)

To clarify - am selling puts, not buying. 

Thanks
Lance
« Last Edit: July 27, 2018, 09:50:39 AM by Lance »

DooDiligence

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Re: What are you buying today?
« Reply #3154 on: July 27, 2018, 10:09:23 AM »
MO Jan 2020 $52.50 Calls at $8

and a tiny bit of CMCSA last Monday.
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Spekulatius

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Re: What are you buying today?
« Reply #3155 on: July 27, 2018, 07:45:09 PM »
A lot of option-ality here.
To be a realist, one has to believe in miracles.

boilermaker75

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Re: What are you buying today?
« Reply #3156 on: July 30, 2018, 06:58:04 AM »
SYF 30-strike, Aug 3 expiration puts for $0.50 per share

Some 29.5 strike, Aug 3 expiration for $0.60 per share

Too slow today, SYF dipped below $29 this morning but was back up before I could do anything about it. :(

Dynamic

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Re: What are you buying today?
« Reply #3157 on: July 30, 2018, 07:17:24 AM »
Too slow today, SYF dipped below $29 this morning but was back up before I could do anything about it. :(

I have only recently had the facility to use limit orders on US stocks, so I don't know how it works inside and out, but would a Good Til Cancelled (or Day) limit order have given you a good chance of picking up some stock below $29?

I take it you're saying you missed out on buying the stock for <$29 rather than on selling another put, though I guess you could even put a limit order on selling a $29-strike Aug 3rd or Aug 10th put at, say $0.50 minimum price (assuming selling implies writing the put rather than shorting it).

I guess there are some downsides to leaving a limit order in place, especially if you have less cash than you might end up spending if your limit order fills and you get put-to on your put options and cannot or would rather not use any margin.

I'm guessing the other reason is if there's material news affecting the company in question that causes permanent impairment to its value, but then that's a risk with selling puts too.

I'd be interested in your thoughts as an experienced put writer, boilermaker75.

boilermaker75

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Re: What are you buying today?
« Reply #3158 on: July 30, 2018, 07:40:34 AM »
Too slow today, SYF dipped below $29 this morning but was back up before I could do anything about it. :(

I have only recently had the facility to use limit orders on US stocks, so I don't know how it works inside and out, but would a Good Til Cancelled (or Day) limit order have given you a good chance of picking up some stock below $29?

I take it you're saying you missed out on buying the stock for <$29 rather than on selling another put, though I guess you could even put a limit order on selling a $29-strike Aug 3rd or Aug 10th put at, say $0.50 minimum price (assuming selling implies writing the put rather than shorting it).

I guess there are some downsides to leaving a limit order in place, especially if you have less cash than you might end up spending if your limit order fills and you get put-to on your put options and cannot or would rather not use any margin.

I'm guessing the other reason is if there's material news affecting the company in question that causes permanent impairment to its value, but then that's a risk with selling puts too.

I'd be interested in your thoughts as an experienced put writer, boilermaker75.

Yes a GTC order would have worked and I do use them sometimes, but probably not enough.

I had several accounts that I wanted to do some trading in this morning. I had some BRKB put options expire on Friday, so in a couple of accounts I wrote some BRKB puts. (I am short BRKB puts with strike prices ranging from 185 to 197.50 and expiration dates ranging from Aug 3 to Aug 24).

I intended to write some SYF 29-strike puts if SYF declined some in my IB account. So when I noticed that SYF was below $29, I had to log onto my IB account, which takes a while, and SYF was up quite a bit by the time I was logged in. SYF is back down some so I am looking to write some 29-strike puts, Aug 17 expiration.

Dynamic

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Re: What are you buying today?
« Reply #3159 on: July 30, 2018, 07:55:38 AM »
Thanks. Glad you haven't mentioned any pitfalls I haven't thought of as I have some GTC orders in place ready to take advantage of certain seriously advantageous prices that might come along once in a blue moon. I usually monitor and re-evaluate these from time to time.

I now use IB myself for part of my portfolio and I'm well aware it can take an age to log in. Usually faster and a lot less hassle on the Android app if I just want to monitor (I'm fairly inactive), but if I'm intending to trade, the Trader Workstation or Webtrader each take a long time to load.

Good luck with your put-writing!