Everything Options
- Thread starter Blazin
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Wrote puts on T, $28 strike expiring 7/16. Premium was 31 cents.
Backtest shows 28% chance of being assigned. Earnings are 7/22
Backtest shows 28% chance of being assigned. Earnings are 7/22
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Fogel
Mr. Poopybutthole
- 13,457
- 53,563
Sanrith Descartes
Thinking about buying some OTM DIS calls for 8/20 - With reopenings and the latest round of marvel stuff coming out in the next couple weeks they should kill earnings. Thoughts?
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Do I think the stock can run back up over $200? Yes. Do I promote buying calls? Not normally. If you are long the stock and Gavin finds a way to fuck over DIS again then you can ride it out. If you buy calls and Gavin fucks shit up then your calls can be wasted money. California is such a shitshow that it adds levels of risk that is hard to quantify.
Plus you have earnings on 8/12. Buying calls right after earnings can be squirrely.
the $200 calls have a delta of 0.1271 and a gamma of 0.0114. Can you make money on them? yes. Just watch the risk vs reward.
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Just tanked the stock...
BRIEF-Disney+ U.S. Growth Slows Sharply In First Half Of 2021, Internal Data Shows - The Information
BRIEF-Disney+ U.S. Growth Slows Sharply In First Half Of 2021, Internal Data Shows - The Information
REUTERS 1:30 PM ET 7/2/2021
July 2 (Reuters) -
* DISNEY+ U.S. GROWTH SLOWS SHARPLY IN FIRST HALF OF 2021, INTERNAL DATA SHOWS - THE INFORMATION
* DISNEY+ HAD LITTLE MORE THAN 110 MILLION TOTAL SUBSCRIBERS LATE IN DISNEY'S THIRD FISCAL QUARTER, UP FROM 103.6 MILLION FROM PREVIOUS QUARTER- THE INFORMATION Further company coverage:
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Fogel
Mr. Poopybutthole
- 13,457
- 53,563
Shits weird sometimes. Attempt to sell BCRX puts, current bid ask 1.25 - 1.40, see puts selling for 1.31. Enter order to sell at 1.30 - No hit. Change order to sell to 1.25, order hits with price improvement to 1.31.
So anyway, sold a bunch of BCRX puts 8/20@ 15 strike for 1.30 premium
So anyway, sold a bunch of BCRX puts 8/20@ 15 strike for 1.30 premium
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Every option play I looked at is on the back side of upcoming earnings dates. I hate options during earnings season.
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Looks like someone is doing an options spread on T
Notable open interest changes for July 15th (TheFlyOnTheWall)
Wednesday's total option volume of 38.5 million contracts resulted in net open interest growth of 4.37 million calls and 3.61 million puts. Apple(AAPL) , AT&T(T) , AMC Entertainment(AMC) and Bank of America(BAC) saw the greatest growth. Top five new positions opened include 40k AT&T(T) Sep-21 25 puts, 40k AT&T(T) Jul-21 25 calls, 40k AT&T(T) Sep-21 25 calls, 39k AT&T(T) Jul-21 25 puts and 33k Ford (F) Aug-21 16 calls.
Notable open interest changes for July 15th (TheFlyOnTheWall)
Wednesday's total option volume of 38.5 million contracts resulted in net open interest growth of 4.37 million calls and 3.61 million puts. Apple(AAPL) , AT&T(T) , AMC Entertainment(AMC) and Bank of America(BAC) saw the greatest growth. Top five new positions opened include 40k AT&T(T) Sep-21 25 puts, 40k AT&T(T) Jul-21 25 calls, 40k AT&T(T) Sep-21 25 calls, 39k AT&T(T) Jul-21 25 puts and 33k Ford (F) Aug-21 16 calls.
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,429
- 123,699
Blazin
I have a mechanics question.So assume some rando option has a bid/ask spread of 0.25 with 150 buyers and 0.35 with 20 sellers. I put a limit order in to buy at 0.30 and the spread changes to 0.30 with 40 sellers and 0.35 with 20 sellers.
Now either all those other offers to buy happened magically at the same time I clicked "submit" or something fucky just happened. What am I missing?
Blazin
Creative Title
- 7,129
- 36,633
This is common. The bid and ask on options are usually just the market maker and it will sit a little wider than it could be if there is someone wanting an active trade. It's the default idle state. It's why you can see 200 on the bid at 0.30 then it drops all the way to 0.20 and not a single option trades. There was no buyer sitting at 0.30 just waiting to get some it was just the market maker having them available so if someone did want to buy or sell. The moment we put our trades in the computers wake up, they become more interested now they know a fish is nibbling. You can sometimes improve a trade a few cents by playing games with them, I believe I described this before. Several times just keep changing your bid or your ask . Push it till you see you are on the only bid. Then move it back then in again and you can sometimes get the market maker to take your trade at a better price for you.
So assume some rando option has a bid/ask spread of 0.25 with 150 buyers and 0.35 with 20 sellers. I put a limit order in to buy at 0.30 and the spread changes to 0.30 with 40 sellers and 0.35 with 20 sellers.
Now either all those other offers to buy happened magically at the same time I clicked "submit" or something fucky just happened. What am I missing?
It just important to remember that the bid and ask sizes and prices you are seeing are not real in the sense you might think they are. There is no sanrith out there sitting at that bid. If you watch all day you can see when the actual trades come along and how the behavior changes. When it's just you it's easiest to see how things are adjusting.