Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rating: Thread Rating: 22 votes, 5.00 average.
Old 09-28-2014, 04:15 PM   #31
badcompany
Registered User
 
badcompany's Avatar
 
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
Rep Power: 15 badcompany is on a distinguished road
It got up to about 198.40, thus, the 1.39.

Had you caught a nice chunk of the big up move, it was a good day. Of course, it's always easier after the race, as it assumes that you didn't bite on the two previous false breakouts earlier in the day, and that you didn't jump to the short side when the market started heading down.
__________________
“Life does not ask what we want. It presents us with options”

― Thomas Sowell
badcompany is offline   Reply With Quote Reply
Old 09-28-2014, 07:49 PM   #32
Tape Reader
Registered User
 
Join Date: Jan 2007
Posts: 920
Rep Power: 12 Tape Reader is on a distinguished road
Quote:
Originally Posted by badcompany
It got up to about 198.40, thus, the 1.39.

Had you caught a nice chunk of the big up move, it was a good day. Of course, it's always easier after the race, as it assumes that you didn't bite on the two previous false breakouts earlier in the day, and that you didn't jump to the short side when the market started heading down.
My post had nothing to do with any of your assumptions. It was merely to confirm that 10-1 is possible on the last day of expiration, as I stated in a post last week. It was about leverage and that was my only intent if you read my previous posts.

Sorry for the confusion. I didn’t have it.
Tape Reader is offline   Reply With Quote Reply
Old 09-28-2014, 08:00 PM   #33
ReplayRandall
Veteran
 
Join Date: Apr 2014
Posts: 4,614
Rep Power: 9 ReplayRandall is on a distinguished road
Quote:
Originally Posted by badcompany
It got up to about 198.40, thus, the 1.39.

Had you caught a nice chunk of the big up move, it was a good day. Of course, it's always easier after the race, as it assumes that you didn't bite on the two previous false breakouts earlier in the day, and that you didn't jump to the short side when the market started heading down.

Three tough decision hurdles to jump, and you have to be right on all 3 to get the biggest pay-off. I doubt that even the most seasoned of investors could do it. The temptation to take down the smaller sure-wins would be too great.......
ReplayRandall is offline   Reply With Quote Reply
Old 09-29-2014, 10:06 AM   #34
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Just got into my October trade (Nov expiration):

Buy to Open 1 RUT NOV 22 2014 1140.0 Put Net Debit 49.34 -- -- 09:59:16 09/29/14

Sell to Open 2 RUT NOV 22 2014 1090.0 Put Net Debit 26.40 -- -- 09:59:16 09/29/14

Buy to Open 1 RUT NOV 22 2014 1040.0 Put Net Debit 13.36 -- -- 09:59:16 09/29/14

Buy to Open 1 IWM NOV 22 2014 108.0 Call Limit 4.73 -- -- 10:00:06 09/29/14

I'll update this thread with any adjustments and let everyone know how it goes...
PaceAdvantage is online now   Reply With Quote Reply
Old 09-29-2014, 01:26 PM   #35
barn32
Registered User
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 1,899
Rep Power: 12 barn32 is on a distinguished road
Quote:
Originally Posted by PaceAdvantage
Just got into my October trade (Nov expiration):

Buy to Open 1 IWM NOV 22 2014 108.0 Call Limit 4.73 -- -- 10:00:06 09/29/14
What would happen (other than having to outlay a lot more money) if you bought, say a 55 strike IWM call for around $55.55. The extrinsic value being only .55˘ vis-a-vis the over $2 premium with the 108s?
barn32 is offline   Reply With Quote Reply
Old 09-29-2014, 01:52 PM   #36
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Quote:
Originally Posted by barn32
What would happen (other than having to outlay a lot more money) if you bought, say a 55 strike IWM call for around $55.55. The extrinsic value being only .55˘ vis-a-vis the over $2 premium with the 108s?
If something cataclysmic happened and the Russell opened up 200 points down one morning, I'd be out a helluva lot more money if I decided to bail. That's for starters...

What would be the benefit of spending so much more for essentially similar protection to the upside?
PaceAdvantage is online now   Reply With Quote Reply
Old 09-29-2014, 02:12 PM   #37
barn32
Registered User
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 1,899
Rep Power: 12 barn32 is on a distinguished road
Quote:
Originally Posted by PaceAdvantage
If something cataclysmic happened and the Russell opened up 200 points down one morning, I'd be out a helluva lot more money if I decided to bail. That's for starters...

What would be the benefit of spending so much more for essentially similar protection to the upside?
Not sure really, but good point.

It was mentioned in this video, and that's where I got the idea.

http://optionstribe.com/2012/01/reco...rest-anderson/
barn32 is offline   Reply With Quote Reply
Old 09-30-2014, 10:32 AM   #38
barn32
Registered User
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 1,899
Rep Power: 12 barn32 is on a distinguished road
Quote:
Originally Posted by barn32
But there is also this...

$30 per month minimum commission requirement to avoid $10 monthly fee (rises to $20 monthly if account balance is less than $2,000)
$10 monthly for market data feed (waived if trade commissions are more than $30 per month)
Inactivity fees are waived for the first three months.
barn32 is offline   Reply With Quote Reply
Old 09-30-2014, 11:12 PM   #39
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Snapshot of trade with vital statistics:

Attached Images
File Type: png Sep30.png (35.5 KB, 104 views)
PaceAdvantage is online now   Reply With Quote Reply
Old 10-01-2014, 11:03 PM   #40
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Probably wondering how the position fared on such a dismal day:

Attached Images
File Type: png Chart_1001.png (31.2 KB, 96 views)
PaceAdvantage is online now   Reply With Quote Reply
Old 10-01-2014, 11:05 PM   #41
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
And don't ask me why the P/L since open adds up to ~$30 instead of ~$36, as you might think it should if you add today's P/L to yesterday's open P/L...daily P/L isn't 100% accurate for whatever reason it seems.
PaceAdvantage is online now   Reply With Quote Reply
Old 10-07-2014, 09:30 AM   #42
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Another update before the market opens today:

Attached Images
File Type: png 10_7.png (16.3 KB, 111 views)
PaceAdvantage is online now   Reply With Quote Reply
Old 10-07-2014, 07:47 PM   #43
barn32
Registered User
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 1,899
Rep Power: 12 barn32 is on a distinguished road
I made the same trade, however my entry point was a few days later and in the middle of that -250 point Dow drop.

Maybe I got bad fills or something, (the call fills should have been good) but I'm still underwater. But if you look at the T+23 line (23 days from now) the profits will start to come in if it stays under the tent and in a good range. (But it looks like my max profit at that point will be $446.)

These are my numbers:

1010 $11.09 1
1060 $21.99 (2)
1110 $42.16 1
107 $4.17 1

Divide those profit numbers (which are T+23) on OptionVue by 10, because in order to use OptionVue for analyzing the trade I had to do a ten lot so I could hedge with 1 Rut call.


Last edited by barn32; 10-07-2014 at 07:56 PM.
barn32 is offline   Reply With Quote Reply
Old 10-08-2014, 02:29 PM   #44
barn32
Registered User
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 1,899
Rep Power: 12 barn32 is on a distinguished road
Quote:
Originally Posted by PaceAdvantage
And don't ask me why the P/L since open adds up to ~$30 instead of ~$36, as you might think it should if you add today's P/L to yesterday's open P/L...daily P/L isn't 100% accurate for whatever reason it seems.
Not sure, but I think it has to do with the bid/ask spread during the trading session and the last price for the close.

The last price can be quite far away from where it's actually trading especially for the higher priced options well in the money.

The spread for my NOV 1110 put varies from $1 to $2. (As I write this the spread is $1.30--$41.80/$43.10

And on IB the running P and L uses the ask price, which you'll never get.
barn32 is offline   Reply With Quote Reply
Old 10-08-2014, 11:23 PM   #45
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 54,629
Rep Power: 81 PaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to beholdPaceAdvantage is a splendid one to behold
Update after two straight days of MAJOR swings...this is what I love about trading this way...big swings up and down and my trade was never in danger of having to be adjusted...I was never in the red at any point...obviously, if we had gone down another 200+ points on the DOW today instead of up 200+ points, I would probably be looking at an immanent adjustment...but, that's not what happened:

Attached Images
File Type: png 10_08.png (28.2 KB, 82 views)

Last edited by PaceAdvantage; 10-08-2014 at 11:28 PM.
PaceAdvantage is online now   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
What Will Sports Betting offered at Tracks/via ADW do to your play?
I will bet a lot more sports, less racing - 15.71%
30 Votes
I will bet some sports, but racing is number one to me - 30.89%
59 Votes
It won't affect my play at all - 53.40%
102 Votes
Total Votes: 191
Non-members may not vote on this poll.
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 01:02 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.