kylestt & jbrand1's intra-day scalp plays - Page 21

Quote:

Originally Posted by chhansen 

Credits to JB for making me hold half and sell at $7. Top ticked that shit to the dot. 

 

 

 

 

+$2050 raiding your journals and eating your steak. Find me under your bed at night cause that's where I'll be.

LOL well done chh, I liked the build on premium through 559.xx, the call side of the weekly chain is so crowded post-560 it looks like MMs don't want to start paying out in terms of intrinsic value just about yet. 

God, just wrote a whole post on an AAPL stop that got hit this morning from another station and I'm totally frozen.  So here is a very blocked screenshot as I can barely type on this keyboard:

Sorry about that, I'll try and go back early.  Anyway I explained the cautious nature at targeting 660+ strikes based on the chain and the early indications that the greeks/premium were favoring a downside move (specifically to the 645p chain) before I got stopped out relatively flat/+120 or so.

Check out that opening volume and subsequent theta destruction on the 670c as AAPL plays a tight range all afternoon.  2:1 call side ratio but I'm seeing ~25% of the call buying going through at the ask - Wednesday's present such optimal opportunities for MMs to profitably sell OTM options, take into account the continued bullish option activity on Friday's chain with the artificial resistance presented by the huge call volumes on the 660-670 strikes that hit the tape yesterday and this looks like the ideal "smart" sell point.  This is why I'm sidelined here, especially pre-FOMC.

Edit: Also O/I indicated many closed positions from yesterday's block buying with put volume picking up below the 660 strike - this can be indicative of another EOW run, although wait for implied volatility to respect the smaller range before placing any bets of this happening - as while it may seem premature to some, you can't rule out a continue pin to the tune of ~660.  Same story as last Winter, the same people who blindly collect 500% holding OTM AAPL calls overnight get a reality check when momentum is no longer explosive - yet options are priced for yesterday's move, not tomorrows.

Didn't trade on the strongest signal this morning - not a great R/R presented at these levels.  I'm still a proponent of being cautious rather than whine about missed opportunities on AAPL here - regardless, + ~560, the chain to be played was not the 660s and despite the fact that this is green I was too quick on the trigger - the chain didn't present a gamma-related buy until these cts hit 2.00 on the nose.   Avg'd 3.005

edit: On a side note, it looks like today marks 3 weeks since I opened up this 10K lotto account.  The current standing is +71% in realized gains, 11 trades on sub 1-hr AAPL scalps -  MNST and LNKD also being conducive in the returns so far.

Quote:

Originally Posted by Rock Sexton 

 

Boooomage .... $28.92

 

Target almost acquired.  

 

 

God damn, the timing on this was insane - potential hindsight 40 bagger.  Ughhhh.  Back to non-retirement.

AAPL next week 655p on a pullback off what I perceive to be a max pain area today. +287

In SLV 29.50c @ .15

Quote:

Originally Posted by jbrand1 

In SLV 29.50c @ .15

Had a trade gone bad in primary account, kind of in tilt-mode so I'll just let this one go +40% I like the potential upside but I need to cut the cord today.

Quote:

Originally Posted by jbrand1 

AAPL next week 655p on a pullback off what I perceive to be a max pain area today. +287

 

 

Bad day, but this ended up being a pretty damn good sell:

AAPL

I don't have kyle's blessing here - top of the kumo he feels we get lots of backtests, so this trade will very likely not work if our blueprint for "agreeability" is successful.  So in fact a failing trade here is successful - I think?  In wkly 245c @ 2.47, my fear is the old momo-into-the-open/consolidate the rest of the day.  Anyway, just 6 cts here to test the waters:

Ok, good, a failed trade.  Stopped out @ 2