man USO looks like its just chopping about to me.... IV indicating its best to do some type of vertical debit spread... maybe just a sept 33/36 bull call spread from around 34.00 with like a .40 SL net u about 27 deltas and is a pretty realistic ...

Let's Trade Options

I actually closed the calender today @ 1.05... made .15 profit and flipped the trade into an iron condor.... with volatility this high I got bid 1.25 per contract for a June 124/120/114/110 spread have a pending june 112/122 strangle @ .10 to lock ...

Let's Trade Options

potential capitulation move today guys... getting a little more aggressive but if SPY breaks the 165.30 Ill be looking at some put ratio spreads on a possible speedy correction down to the 161's CPI data tmmrw will be interesting

Let's Trade Options

its really liquid so its great... I trade it like anything else... I split up IV into 5 different sections and use different strategies depending on where IV lies and if the underlying price is in the right area for something actionable just bid my ...

Let's Trade Options

trade IAU brother... its the smae thing... just a hell of a lot cheaper... you can trade it small so you can risk a bit less... it is a great market

Let's Trade Options

I just like the level on FB... its clean... low risk: high reward... if it explodes up after toward your level Ill press the option and turn the evolve the trade into a double vertical spread to collect more off the move

Let's Trade Options

cool brother.... make it happen... ill ttyl

Let's Trade Options

If you ever do any sort of debit spread its always best to use stock to get into the trade... then wind into the position after.... saves getting crappy fills during high volatility times like market opens just basic delta neutralization take the ...

Let's Trade Options

looking to get into facebook @ 26.40 have a pending order to buy the stock there with a SL @ 25.60 then Ill just wind into a Sept 26/30 call spread getting about 28 deltas with it... should be good for at least a 3:1 anyone else looking at this?

Let's Trade Options

Ya man Ill be in here... just keep the riff raff out of the room and it should be good in here from what I find from the pros in options trading ( mainly one guy who worked for years as a options market maker for GS) just really base all their ...

Let's Trade Options

I have an idea where XLU is going to stop at least long enough for me to make some money, thats what its all about right? nothing wrong with writing naked options....I do it if volatility is SUPER high... but 9 times out of 10 times basic credit ...

Let's Trade Options

careful about buying options the final week before expiration... theta decay is very violent... so unless you plan on a major increase in vega due to possibly the inflation reports and want to play that....be careful friday i bid .85 on some TLT 13 ...

Let's Trade Options

Brother i didnt know you traded options... Ie been trading options like 80% of the time.... just swing trading FX on HTF's these days.. what strategies r u primarily using?

Let's Trade Options

You are absolutely right brother huge level down at 81.70 is on my radar... topside we certainly dont have a whole lot to stop us as the $DXY is looking awful strong in spite of fed policy. 83.35 topside may hold us down for a bit but from a HTF ...

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