Category: Trade Ideas



OUR ROLL ATTEMPT WAS CANCELLED EARLIER TODAY, WE ARE GOING INTO THE NFP TOMORROW. ALL MAY NOT BE LOST, AND YOU NEVER KNOW AS PCLN HAS RUN PRETTY FAR, PRETTY FAST. A 10+ RETRACEMENT TOMORROW IS A GOOD POSSIBILITY ON NFP HEADLINES.

ORIGINAL ROLL WAS ATTEMPT WAS  AROUND 10AM EST TODAY, WE GAVE UP AS WAS TOO FAR IN THE WHOLE AT THE TIME.

 

https://3ddhedgeinvestments.wordpress.com/2013/01/03/pcln-the-jan4-63540-untraditional-trend-follow-hail-mary-roll/


WE ARE ATTEMPTING THIS TRADE AND MAY LOWER IT TO .60 CREDIT, BUT EXPECT A LITTLE MORE OOMPH BY THE END OF THE DAY.

1515 IS ABOVE 5 YEAR HIGHS IN THE SPX AND MORE, AND FEEL WOULD EASILY BE ROLL ADJUSTED IF NECESSARY.

THIS TRADE WILL BE PLACED IN THE MOST CONSERVATIVE OF OUR FUNDS, THE M-2/11 FUND.

IN THAT FUND WE ROLL WHEN WE HAVE TO, UNLIKE PRICELINE WHICH WAS BLOGGED FOR TRANSPARENCY, BUT A MORE RISKY PLAY OUTSIDE OF THE M-2/11 FUND.

IF FILLED, WE WILL PUT CONDOR THIS PLAY IF GIVEN THE RIGHT OPPORTUNTIY.

PLEASE FORGIVE ANY GRAMMATICAL ERRORS, WAS WRITTEN ON THE FLY.

Your Order Has Been Submitted
Account: XXXXXXXXX – IRA Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 6 SPXW Call SPXW Feb 01 2013 1520.00 Call Credit 0.65 Day Order
Leg 2 Sell to Open 6 SPXW Call SPXW Feb 01 2013 1515.00 Call Credit 0.65 Day Order
Quote SPX   1,465.04   2.62 Bid 1,464.74 Ask 1,465.26 Volume 0
SPXW FEB 01 2013 1520 CALL
SPXW FEB 01 2013 1515 CALL
Bid 1.90 2.45
Ask 2.35 3.00
Last 2.15 2.70
Change N/A [N/A] N/A [N/A]
Volume 24 62
Delta 0.10 0.13
Open Int 72 0
Desc SPXW Feb 01 2013 1520.00 Call SPXW Feb 01 2013 1515.00 Call
Net Quote
Bid (natural)
0.10credit
Mid
0.60credit
Ask
1.10credit

 


OUR PLAY OF THE JAN4 635/40 IS COMPLETELY SUNK. IT IS DEAD IN THE WATER, AND LIFELESS.

WE GOT HIT WITH A PERFECT STORM THIS WEEK OF THE GOP CAVING IN TO OBAMA AND THE DEMOCRATS, AS WELL AS BofA HITTING PCLN WITH AN UPGRADE AND TARGET OF 720.

THIS ROLL WILL MOST LIKELY NOT HIT, BUT WILL COST ME 11.95 IN COMMISSIONS TO ROLL AT EVEN COST ON THIS. HELL IM GONNA GET SLAPPED WITH EXCERCISE FEES ON THIS EXPIRING PLAY ANYWAYS.

HERES THE ROLL, IF EXECUTED AT EVEN COST, ON A PULLBACK INTRADAY, WE WILL HOPE FOR GOOD NFP NUMBERS TOMORROW TO PUSH PCLN PAST 670 ON FRIDAY AND LET US OUT OF THIS AT ZERO LOSS.

THIS IS A HAIL MARY THROW HERE, BUT WE HAVE TO OFFSIDE KICK TO GET THE BALL BACK FIRST.

IF I SEE A DIFFERENT ROLL, WILL CANCEL AND TRY ANOTHER WAY OUT.

ORIGINAL PLAY HERE

https://3ddhedgeinvestments.wordpress.com/2012/12/27/filled-pcln-jan4-63540-bear-call-70credit/

Your Order Has Been Submitted
Account: XXXXXXXX – IRA Account

Order Details

You have entered a free form.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Close 5 PCLN Call PCLN Jan 04 2013 635.00 Call Even Day Order
Leg 2 Sell to Close 5 PCLN Call PCLN Jan 04 2013 640.00 Call Even Day Order
Leg 3 Sell to Open 5 PCLN Put PCLN Jan 04 2013 670.00 Put Even Day Order
Leg 4 Buy to Open 5 PCLN Put PCLN Jan 04 2013 665.00 Put Even Day Order
Quote PCLN   656.87   18.47 Bid 656.80 Ask 657.43 Volume 296,254
PCLN JAN 04 2013 635 CALL
PCLN JAN 04 2013 640 CALL
PCLN JAN 04 2013 670 PUT
PCLN JAN 04 2013 665 PUT
Bid 21.70 17.00 13.20 9.30
Ask 23.30 18.50 15.80 10.80
Last 23.36 17.20 N/A 10.20
Change 15.96 [215.68%] 12.50 [265.96%] N/A [N/A] N/A [N/A]
Volume 107 342 0 11
Delta 0.92 0.88 -0.82 -0.74
Open Int 215 524 0 0
Desc PCLN Jan 04 2013 635.00 Call PCLN Jan 04 2013 640.00 Call PCLN Jan 04 2013 670.00 Put PCLN Jan 04 2013 665.00 Put
Net Quote
Bid
3.30credit
Mid
0.30debit
Ask (natural)
3.90debit

POSSIBLE RUMORS OF A LATE IN THE DAY 3PM OR AFTER, DEAL DEVELOPMENTS MAY CAUSE A SPIKE IN THE SPX.

LETS PULL THE TRADE BACK FOR A BIT, WE MAY CANCEL ALTOGETHER OR MODIFY INTO A NEW ORDER.

FOR NOW ITS CANCELLED.

https://3ddhedgeinvestments.wordpress.com/2012/12/28/attempting-spx-jan-4th-iron-condor-iv-premium-play-far-otm-11-weekly-return-targeted-vix/


THIS IS A PLAY AIMED AT TAKING ADVANTAGE OF THE INCREASED VIX AT THIS POINT, AND ALL THE UNCERTAINTY ABOUT NEXT WEEK.

BOTH SIDES ARE FAR OUT OF THE MONEY AS WELL, AND SHOULD BE A GREAT SHOT OF SCALPING THE RISING PREMIUMS OUT THERE DUE TO THE VIX BEING ELEVATED AS OF LATE.

THE FISCAL CLIFF AND DEBT CEILING DRAMA SHOULD GET THIS PLAY FILLED BY THE END OF THE DAY.

IF IT LOOKS LIKE WE WONT GET FILLED AT .55, WE WILL TWEET A LOWER ENTRY UPDATE CHANGE TO .50 CREDIT, AND NO LOWER THAN THAT.

ONCE AGAIN, THE PLAY IS BELOW AT A NET CREDIT OF .55 BETWEEN ALL FOUR LEGS.

Your Order Has Been Submitted
Account: xxxxxxxxx – IRA Account

Order Details

You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 6 SPXW Put SPXW Jan 04 2013 1330.00 Put Credit 0.55 Day Order
Leg 2 Buy to Open 6 SPXW Put SPXW Jan 04 2013 1325.00 Put Credit 0.55 Day Order
Leg 3 Buy to Open 6 SPXW Call SPXW Jan 04 2013 1475.00 Call Credit 0.55 Day Order
Leg 4 Sell to Open 6 SPXW Call SPXW Jan 04 2013 1470.00 Call Credit 0.55 Day Order
Quote SPX   1,412.24   -5.86 Bid 1,412.01 Ask 1,412.56 Volume 0
SPXW JAN 04 2013 1330 PUT
SPXW JAN 04 2013 1325 PUT
SPXW JAN 04 2013 1475 CALL
SPXW JAN 04 2013 1470 CALL
Bid 1.95 1.70 0.45 0.75
Ask 2.15 1.90 0.65 1.00
Last 1.95 1.85 0.55 0.80
Change 0.25 [14.71%] -0.44 [-19.21%] -0.35 [-38.89%] -0.55 [-40.74%]
Volume 169 53 345 3,110
Delta -0.08 -0.07 0.04 0.06
Open Int 1,333 1,704 3,120 5,372
Desc SPXW Jan 04 2013 1330.00 Put SPXW Jan 04 2013 1325.00 Put SPXW Jan 04 2013 1475.00 Call SPXW Jan 04 2013 1470.00 Call
Net Quote
Bid (natural)
0.15credit
Mid
0.57credit
Ask
1.00credit

CANCEL THE BULL PUT TRADE. LACK OF VOLUME, AND OTHER FACTORS WARRANT A CANCEL. THIS WAS A DAY ORDER OF OPPORTUNITY, THE WINDOW HAS PASSED.

WE ARE MOVING ALONG, STILL WATCHFUL OF AN OPPORTUNITY.

https://3ddhedgeinvestments.wordpress.com/2012/12/26/attempting-pcln-dec28-bull-put-slightly-riskier-bull-put-than-normal/


ATTEMPTING A PCLN BULL PUT AT THE EXTREME LOWER END OF THE OPTIONS CHAIN . THE 585/80 ARE THE LAST TWO OPTIONS ON THE CHAIN, AND ALSO BELOW THE BOLLINGER BANDS LOWER LEG.

THIS PLAY IS TARGETING A 10% WEEKLY RETURN, AND IF EXECUTED WILL IRON CONDOR CALL SIDE ON FRIDAY.

CHANCES OF A FILL TODAY ARE MIXED, AND, YEP PCLN MOVES FAST.

Your Order Has Been Submitted
Account: XXXXXXXXX – Roth Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 6 PCLN Put PCLN Dec 28 2012 580.00 Put Credit 0.50 Day Order
Leg 2 Sell to Open 6 PCLN Put PCLN Dec 28 2012 585.00 Put Credit 0.50 Day Order
Quote PCLN   605.49   -11.85 Bid 605.07 Ask 605.47 Volume 179,703
PCLN DEC 28 2012 580 PUT
PCLN DEC 28 2012 585 PUT
Bid 0.75 1.15
Ask 0.90 1.30
Last 0.70 1.19
Change 0.20 [40.00%] 0.49 [70.00%]
Volume 248 199
Delta -0.09 -0.13
Open Int 297 409
Desc PCLN Dec 28 2012 580.00 Put PCLN Dec 28 2012 585.00 Put
Net Quote
Bid (natural)
0.25credit
Mid
0.40credit
Ask
0.55credit

THIS IS A 585/580 AND 650/655 IRON CONDOR TARGETING .60 CREDIT OR 60$ REWARD FOR EVERY 500$ PUT AT RISK.

THIS TRADE IS NEAR SUPPORT, AND RESISTANCE LEVELS.

Your Order Has Been Submitted
WE WILL TRY FOR .60 FIRST AND MAY LOWER IT TO .55 IF NEED BE.
Account: XXXXXXXX – Roth Account

Order Details

You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 6 PCLN Put PCLN Dec 28 2012 585.00 Put Credit 0.60 Day Order
Leg 2 Buy to Open 6 PCLN Put PCLN Dec 28 2012 580.00 Put Credit 0.60 Day Order
Leg 3 Buy to Open 6 PCLN Call PCLN Dec 28 2012 655.00 Call Credit 0.60 Day Order
Leg 4 Sell to Open 6 PCLN Call PCLN Dec 28 2012 650.00 Call Credit 0.60 Day Order
Quote PCLN   615.64   -3.24 Bid 615.40 Ask 616.00 Volume 34,516
PCLN DEC 28 2012 585 PUT
PCLN DEC 28 2012 580 PUT
PCLN DEC 28 2012 655 CALL
PCLN DEC 28 2012 650 CALL
Bid 1.10 0.80 0.20 0.40
Ask 1.35 0.95 0.35 0.55
Last 1.25 0.95 0.30 0.45
Change -0.15 [-10.71%] -0.14 [-12.84%] -0.35 [-53.85%] -0.65 [-59.09%]
Volume 90 81 33 36
Delta -0.10 -0.07 0.03 0.05
Open Int 290 149 62 141
Desc PCLN Dec 28 2012 585.00 Put PCLN Dec 28 2012 580.00 Put PCLN Dec 28 2012 655.00 Call PCLN Dec 28 2012 650.00 Call
Net Quote
Bid (natural)
0.20credit
Mid
0.55credit
Ask
0.90credit

Cancelled RUT Trade!!!!!


Cancelled that RUT trade, as soon as issued, forgot one key piece of information.


GLD HAS REACHED ITS LOWER BOLLINGER BAND TODAY, AND MAY SWING BACK UP, BUT WILL PROBABLY STILL GO LOWER BEFORE THAT HAPPENS.

THE TRADE IS AS FOLLOWS.

Your Order Has Been Submitted
Account: xxxxxxxx – Roth Account

Order Details

You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 23 GLD Put GLD Dec 07 2012 161.00 Put Credit 0.10 Day Order
Leg 2 Buy to Open 23 GLD Put GLD Dec 07 2012 160.00 Put Credit 0.10 Day Order
Leg 3 Buy to Open 23 GLD Call GLD Dec 07 2012 169.00 Call Credit 0.10 Day Order
Leg 4 Sell to Open 23 GLD Call GLD Dec 07 2012 168.00 Call Credit 0.10 Day Order
Quote GLD   164.69   -1.44 Bid 164.68 Ask 164.69 Volume 3,367,251
GLD DEC 07 2012 161 PUT
GLD DEC 07 2012 160 PUT
GLD DEC 07 2012 169 CALL
GLD DEC 07 2012 168 CALL
Bid 0.13 0.09 0.05 0.10
Ask 0.14 0.10 0.06 0.12
Last 0.17 0.11 0.06 0.11
Change 0.09 [112.50%] 0.05 [83.33%] -0.10 [-62.50%] -0.21 [-65.62%]
Volume 31 40 175 410
Delta -0.10 -0.07 0.05 0.09
Open Int 518 614 2,566 3,762
Desc GLD Dec 07 2012 161.00 Put GLD Dec 07 2012 160.00 Put GLD Dec 07 2012 169.00 Call GLD Dec 07 2012 168.00 Call
Net Quote
Bid (natural)
0.07credit
Mid
0.10credit
Ask
0.12credit