CRAZY gains thread..1000% gainers or more. (options) - Page 41

RIMM weekly 14's now at .43 ....... what a freakin' MONSTER!

Quote:

Originally Posted by Rock Sexton 

RIMM weekly 14's now at .43 ....... what a freakin' MONSTER!

no kidding, the next weeks chain 15c i just played for fun at .14 now showing .19x.21 already. I had SLV weekly 30c yesterday at .12, they over .40 now. I bailed at 1 bag. FML!

Quote:

Originally Posted by kylestt 

no kidding, the next weeks chain 15c i just played for fun at .14 now showing .19x.21 already. I had SLV weekly 30c yesterday at .12, they over .40 now. I bailed at 1 bag. FML!

Man I'm really liking the R:R on some of these lottos.  Putting up only $200 risk could've netted you a 6-bagger right now on RIMM.  Just hit .48 ...... think about that, $200 risk to make $1200.  Insane.  

I'm not talking all lottos .... but based on the patterns and the tip of the cap with the options volume & open interest, you can find some serious heaters.

Quote:

Originally Posted by o7media 

 

 

Alright well, GMCR just broke $48.00 ....

 

10.4% gain on the stock since. Real nice breakout. Unfortunately I exited waaaay early. Calls are now at 2.30 from .50 +360%

And it continues. $2.70 on the calls now +440%

Quote:

Originally Posted by o7media 

 

And it continues. $2.70 on the calls now +440%

Make that an even $3.00 +500% 

Quote:

Originally Posted by mjoke 

dam it i had rimm but sold off early.. also open interest can be misleading.

I know.  We've discussed this before.  It just "depends" on the situation.  You should never strictly go off options numbers, wasn't even implying it.

In this particular case there was 3k in contracts yesterday with something like 13,000 in open interest on the May 14.00 calls.  The May 14.00 puts were literally nonexistent.  Combine that with the excellently formed "creek" on the daily chart, it was just all the things I look for in a trade.

Put it this way, the result was not a surprise to me, especially as I sat there today watching the contract volume triple very quickly early on.

next time just pull the trigger bro.. sometimes there are some nice plays the latter end of the week for weeklys where the theta has burned and the gamble is worth it.. make a few hundred/thousand depending on ur risk tolerance + filling some of those empty bags w/ multis definitely makes for a good start into the weekend

Quote:

Originally Posted by Rock Sexton 

 

 

I know.  We've discussed this before.  It just "depends" on the situation.  You should never strictly go off options numbers, wasn't even implying it.

 

In this particular case there was 3k in contracts yesterday with something like 13,000 in open interest on the May 14.00 calls.  The May 14.00 puts were literally nonexistent.  Combine that with the excellently formed "creek" on the daily chart, it was just all the things I look for in a trade.

 

Put it this way, the result was not a surprise to me, especially as I sat there today watching the contract volume triple very quickly early on.

Quote:

Originally Posted by tones 

next time just pull the trigger bro.. sometimes there are some nice plays the latter end of the week for weeklys where the theta has burned and the gamble is worth it.. make a few hundred/thousand depending on ur risk tolerance + filling some of those empty bags w/ multis definitely makes for a good start into the weekend

I bought the actual stock .... but had guys in my chat who went with the options instead.  The R:R on some of these that I've witnessed are no doubt worth it.  Like I said earlier, you could've thrown $200 at this thing and come out with $1200 at the peak.  Considering that all you can lose is $200 max if it goes bad, not a bad situation imo.  

Quote:

Originally Posted by mjoke 

im saying to say it and not at you.

And i dont use terms such as "creek" when its support or sideways consolidation. Just "depends" on how you look at it. 

Glad thats what you look for in a trade.

 

Anyways on the open interest,  it could of been sells rather than purchases considering we had a huge run up in the NASDAQ today and im sure people were expecting some to be given back. coverings or buys, they are hard to determine and have to kinda have to be there when it all bangs through on both ends, not that its creditable alone either... things should be compared not assumed. jmo

 

GL.

Well considering the action "today" ya .... there was 13k in open interest yesterday and 12k in volume today.  The action as we saw it allowed all those guys who previously loaded up to cash out.  Similar to that of a buy climax in volume on a regular stock.  RIMM's also not exactly a quality company/stock right now.  However, it was the previous day's action which caught my attention.

Creeks are about accumulation and the effort to remove "supply".

Quote:

Originally Posted by mjoke 

dam it i had rimm but sold off early.. also open interest can be misleading.

OI and volume can be very misleading with options. I hope anyone who is basing options trading off of volume/OI is looking at intraday charts of the actual option to see what's actually going on.

thanks for this insight- you make it sound so easy--- a good strategic trade

can anyone give me some places to go and read up on some options trading strategies? Im looking for some new things to try-

Quote:

Originally Posted by Rock Sexton 

 

 

I know.  We've discussed this before.  It just "depends" on the situation.  You should never strictly go off options numbers, wasn't even implying it.

 

In this particular case there was 3k in contracts yesterday with something like 13,000 in open interest on the May 14.00 calls.  The May 14.00 puts were literally nonexistent.  Combine that with the excellently formed "creek" on the daily chart, it was just all the things I look for in a trade.

 

Put it this way, the result was not a surprise to me, especially as I sat there today watching the contract volume triple very quickly early on.

what do you guys use to buy all those option contracts? what I mean is what broker-?

im paper trading tos and it seems to be a bit high when you buy more then 20 - 30 contracts..

ya.. i use ameritrade.. usually do 50-100 contracts so $100-200 in fees, but if the option premium moves up $0.02 from my purchase price, then that'll cover it so eh.. w/e

but if you buy 20 contracts, price would be $50 in fees, and a $.02 cent move would only be +$40 so it has to move higher to cover fees so eh.. all perception i guess

Quote:

Originally Posted by dsmoney 

what do you guys use to buy all those option contracts? what I mean is what broker-?

im paper trading tos and it seems to be a bit high when you buy more then 20 - 30 contracts..

 

In RIG 50x weekly calls at .85 (today's expiration). Looking for a push to 52.50.

edit: cut losses at .33 

Quote:

Originally Posted by o7media 

OI and volume can be very misleading with options. I hope anyone who is basing options trading off of volume/OI is looking at intraday charts of the actual option to see what's actually going on.

Bingo!  That's what I was saying.  If I get my setup and I look over at the options numbers to see something peculiar, it's just more fuel for the fire to get in.

Quote:

Originally Posted by dsmoney 

thanks for this insight- you make it sound so easy--- a good strategic trade

 

can anyone give me some places to go and read up on some options trading strategies? Im looking for some new things to try-

I don't think "easy" is the right word to describe it though.  As people have pointed out and I agree with, the options #'s importance is relative to the actual chart setup.  

I just saw some of the PCLN calls, most ITM calls are up 1800% or more.