| StockFetcher Forums · Stock Picks and Trading · Follow The Money (Options) | << 1 ... 18 19 20 21 22 ... 31 >>Post Follow-up |
| sumit.gargs@gmail.com 7 posts msg #141522 - Ignore sumit.gargs@gmail.com |
1/30/2018 2:23:17 AM Thanks 15minofPham |
| karennma 8,057 posts msg #141525 - Ignore karennma |
1/30/2018 7:19:41 AM @ 15minofPham, Re: "look for big blocks of Calls" I don't read all the posts, so I may have missed it, but re:"big blocks of calls" ... How do you know whether the "big blocks" are being sold or bought. For example, let's say, AAPL has a large call volume. However, if it's a large call volume of sold calls, that's a bearish position. |
| 15minofPham 169 posts msg #141542 - Ignore 15minofPham |
1/30/2018 12:17:30 PM Hi Karen, You can filter option flow on Market Chameleon to "Ask & Above" in the "Side" box. This indicates a buy rather than a sell. I took it a step further by choosing "Qty > OI" meaning volume exceeds Open Interest suggesting it's a fresh buy. Doing this will reduce the results, but it gives you a better idea of the flow. Then you have to look for Condition such as "StoppedIM" and "AutoExcecution" which are non Spreads & BuyWrite. You can filter for these in "Condition" box. I'd like to keep an Exel spreadsheet of all Premium over $1 million then I go to its chart. If a stock is near support, I usually wait for it to take out previous day or week high. If it continues to drop the better as you can enter the option even cheaper! If a stock is at its 52 week high, then it's your call to enter it right away since bullish momentum is on your side or wait for the eventual pullback. EVERY stock has one or two down days in a 10 day rolling period. I set a price alert on the spreadsheet & with my trading platform to remind me since there's just too many plays to remember. HTH 
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| karennma 8,057 posts msg #141544 - Ignore karennma |
1/30/2018 12:30:14 PM Fabulous! Thanks! |
| 15minofPham 169 posts msg #141546 - Ignore 15minofPham |
1/30/2018 12:49:31 PM Anytime! :-) |
| mahkoh 1,065 posts msg #141557 - Ignore mahkoh modified |
1/30/2018 3:04:44 PM CTXS $ 3.1 mln in premium paid for 3.750 of the jan 2019 90 puts with the stock at 93.06. At first glance this would seem like a bearish trade, however it is on a rather long timeframe. These options have a considerable spread (7.40 - 8.50) so you can't rely on a fast liquidation of the position. There are a number of intraday volume spikes for the underlying, my guess is the options are bought as a hedge for a long stock position. |
| BoCap 18 posts msg #141566 - Ignore BoCap |
1/30/2018 4:43:24 PM Thanks Tuan, But i have question, with all the setting done as you said, Now what do i look for ? Big block of quantity , trade notional is Dollar value ? like today search result that showing QQQ : 10:26am June 15th / Put with 40,000 qty and over 12mln $ ?? Am i looking at the right one ? Are we suppose to look for Notation with dollar value over 1 million and higher to get a better probability of winning ? |
| 15minofPham 169 posts msg #141576 - Ignore 15minofPham |
1/30/2018 11:32:29 PM Big Option Play of the Day - CARS Premium of $2.6 million on 4,050 of the 6/15/18 $25 Call for $6.40 with stock at $29.79. Daily chart shows it's at support while weekly shows at 8 EMA. Earnings is on 2/21 and what's interesting is 2/16 30 Call has nearly 10,000 in open interest suggesting that option players think it will make a run into earnings. Break even of $31.40 is 5.8% above today's closing price of $29.68. Total Call/Put option volume percentage was an amazing 99-1 and bullish order sentiment was 91%, above its 30-day average of 81%. Mahkoh has a great play in CTXS, but that's more a LEAP and since I trade for a living, I like to pick plays that has a closer expiration. LEAPs are great for retirement accounts as they are much more forgiving hence much safer. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Monday's spotlight - AMZN, $16.3 million, 3,000, 3/16/18 $1450 Call $58.00, Stock $1415 Today's market bloodletting did nothing to stop the juggernaut known as Amazon. It says, "Please, bloodletting are for amateur stocks" as it gained 1.42% to help the option price jump to $74.85, a gain of 29%. The $64,000 question is everything already priced in for earnings on 2/1? ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ AKS became the third loser as it reported horrible earnings and hit our stop loss at -50%. Most of the plays in the portfolio are further out so that's why the moves aren't fast. Couple that with today's crater and surprisingly we see still more green than red. This is another example why newbies should stick with plays at least 4 months out. Caught flat footed on options expiring in one to two months on days like today make it much more difficult to recover especially if you have a very small account!  |
| BoCap 18 posts msg #141578 - Ignore BoCap |
1/30/2018 11:58:57 PM CARS: How did Cars come up under your search Tuan ? I filtered a search with Chameleon with Over 500, Over.25, Ask and above, QTY>OI and CARS did not show up , I also tried it with StoppedIM or Auto, or ANY and still did not see CARS, what have i done wrong ? |
| lavapit315 47 posts msg #141585 - Ignore lavapit315 |
1/31/2018 4:22:59 AM @BoCap Its at the "Mid" price. |
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