15minofPham 170 posts msg #141386 - Ignore 15minofPham |
1/25/2018 4:21:58 PM
GD's 30 minute opening range breakout I mentioned yesterday that one could have purchased the 1/26 215 Call for .45 closed at 11.80 today for a 2522% gain or $25,222. Not bad coinage for two day's "work".
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mahkoh 1,065 posts msg #141394 - Ignore mahkoh |
1/25/2018 5:43:35 PM
15minofPham
53 posts
msg #141381
- Ignore 15minofPham 1/25/2018 3:53:08 PM
Mahkoh,
I think it's the other way around. They bought 5/18 230 Calls & sold the 5/18 215. Stock is at 227 so buying the 230 would make more sense.
Yes, upon closer investigation of where the contracts were traded within the spread I'd have to agree. However, this trade makes no sense on the bullish side. Why buy a call if you have a short call below that is going to take all your profits and then some? Looking at OI I think the 215 was closing of an existing position and rolling up to the 230.
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15minofPham 170 posts msg #141398 - Ignore 15minofPham |
1/25/2018 11:12:06 PM
Big Option Volume Play of the Day - TSM (Mahkoh has a great play in RH, but $38 per contract is too rich for me!)
A premium of $3.1 million on 25,000 of the 8/17 $47.50 Call for $1.24 with stock at $42.19. This big play was in addition to another $2.3 million of the 9/21 50 Call for $0.94. Daily chart shows extreme choppiness dotted with big selling days like today's -1.98%. Apparently someone thinks otherwise. Break even of $48.74 is 15.6% away from today's closing of $42.14. Earnings was yesterday and it didn't move the needle so either something is coming down or this investor hope the next two earnings will have a better reaction. Total option Call/Put volume percentage was 80-20 and bullish order sentiment was 63% which is inline with the 30-day average of 62%.
Wednesday's spotlight - TSM, $1.8 million, 15,000, 7/20 50 Call $1.20, Stock $45.46
TSM dropped -0.51% causing the option price to remain at $1.20
Today was a second day of choppiness which didn't help price movement. AKS is down -45% so it's close to our -50% sell.
Opening Range Breakout - TAL
Bought TAL 2/16 $32.50 Call for $1.50 after seeing it break out of its initial 30 minute high. It went as high as $2.40 before closing at $2.30 for a 50% gain. I decided not to sell if after seeing impending bullish MACD X-Over and Stochs clearing 20. If it can break is short term resistance of $34.20, then it should be able to test the $36 high. Missed out on MNKD Call, CLF & CRR Put. Wish I had an intraday scanner to help me with ORB!
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shillllihs 6,090 posts msg #141399 - Ignore shillllihs |
1/25/2018 11:26:54 PM
I got in on HDP today.
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15minofPham 170 posts msg #141400 - Ignore 15minofPham |
1/26/2018 12:31:40 AM
Sorry guys, today's big play is CMCSA. I can no longer edit the post.
Shils,
Did you buy the stock or option?
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shillllihs 6,090 posts msg #141412 - Ignore shillllihs |
1/26/2018 12:03:48 PM
Bought the option. Also shorted some Vxx this morning.
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15minofPham 170 posts msg #141417 - Ignore 15minofPham |
1/26/2018 12:41:54 PM
Shills,
I'll need to learn when to buy a Put on these 3X like you! Do you have a filter that you follow?
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shillllihs 6,090 posts msg #141420 - Ignore shillllihs |
1/26/2018 1:30:29 PM
Well actually Vxx has triggered but Uvxy has not so I’m not 100% yet.
I really don’t want to spill it all out here since I sell my system elsewhere for profit, and of course there are no guarentees of success. But there are few interesting things to look at if you want to share your email. Rather not put anymore out here.
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sumit.gargs@gmail.com 7 posts msg #141422 - Ignore sumit.gargs@gmail.com |
1/26/2018 3:33:45 PM
I want to understand how to use "options block trades" to identify buy calls/puts. Is there a blog/video link that I can refer to? What do different conditions (regular/autoexecution etc) mean?
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15minofPham 170 posts msg #141432 - Ignore 15minofPham |
1/26/2018 11:03:39 PM
Big Option Volume Play of the Day - VMC, $4.7 million, 6.000, 5/18 $145 Call $7.90, Stock $140.23
A premium of $4.7 million on 6,000 of the 5/18 $145 Call for $7.90 with stock at $140.23. VMC continued its breakout today and this investor thinks $150 is the next target as the break even point is $152.90. Monthly chart shows impending bullish MACD X-Over so barring a multi-monthly market melt down, the break even should be doable, albeit in only four months. As always the wild card is earnings in two weeks. Total option Call/Put volume percentage was an astounding 95-5 and bullish order sentiment was 97%, well above its 30-day average of 76%.
Thursday's spotlight - CMCSA, $3.1 million, 25,000, 8/17 $47.50 Call $1.24, Stock $42.19
Gained 1.57% to close at $42.80. Option closed at $1.43 putting the gain since purchase at 15.3%.
Closed out two positions after hitting our target/sell rule. The win/loss record for close positions now stand at 10-2.
VMW rocketed 9% helping the 7/20 160 Call close at $13.30 (purchase was $3.10) for a gain of 329% in only 4 days.
HDP gained 3.48% today, but the 5/18 25 Call fell to $.80 which triggered the sell at -50%.
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