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15minofPham
168 posts
msg #141655
Ignore 15minofPham
1/31/2018 9:58:45 PM

sumit.gargs@gmail.com
4 posts
msg #141648
- Remove message 1/31/2018 7:44:13 PM

I have few queries around marketchameleon:

1. I understand looking at "Common" in the "Stock Type" dropdown. Why not ETFs? Does buying of big blocks of call and put in ETFs does give a clear picture? The majority of ETF block buys are spread. It certainly can give you an idea what sectors the big players are rotating their money in. Then you can check to see what companies have the most weight in that ETF or just play the ETF outright.

2. My understanding is that we should look at "AutoExecution", "Regular" and "StoppedIM" conditions only. Am I correct? What do these conditions mean? Is there any other condition that we should look at? These are OPRA codes. MC lists them on their page.

sumit.gargs@gmail.com
4 posts
msg #141649
- Remove message 1/31/2018 7:49:14 PM

One more query. Is there any way I can look at big block options trading for a stock over last few days/weeks? For example, I want to see what the smart money has been doing in AAPL for last 15 days so that I can get a clearer picture of where they think the stock is going? This requires a membership.


Cheese
1,374 posts
msg #141656
Ignore Cheese
1/31/2018 10:15:16 PM

Does anybody know how we can use the BLOCK TRADE information from @scanzalerts tweets ? Thanks.

BLOCK TRADE: $QQQ 500,000 shares @ $168.96 [15:33:39]

BLOCK TRADE: $QQQ 500,000 shares @ $169.29 [11:38:45]

BLOCK TRADE: $SPY 1,500,000 shares @ $282.27 [12:33:10]



BoCap
18 posts
msg #141659
Ignore BoCap
2/1/2018 12:12:55 AM

To all experts: how would you explain the sentimental of an order buy at ASK price, or BID or Mid ?

15minofPham
168 posts
msg #141660
Ignore 15minofPham
2/1/2018 12:14:40 AM

Follow the Money Play of the Day - SQ

Premium of $4.5 million on 4,787 of the 3/16/18 $38 Call for $9.50 with stock at $46.52. Daily chart shows attempting to retest $49.50 high. Earnings is on 2/21 and today's buy might be a sympathy play on PYPL earnings even though PYPL is down 11% after hours. This might affect SQ and if so one can get into a lower price. Break even of $47.50 is only 1.26% above today's closing price of $46.91. Total option volume Call/Put ratio was 75-25 and bullish order sentiment was 75%, slightly lower than its 30-day average of 78%.

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Tuesday's spotlight - CARS, $2.6 million, 4.500, 6/15/18 $25 Call $6.40, Stock $29.79

Gained a negligible .03% which saw the option premium go back to the purchase price.

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RIG, MLCO & AMZN are nearing the first profit target of 50%. The latter reports earnings after tomorrow's bell so I'll close out the position so not to risk a beating. VMC was a big loser today as it dropped 3.17% which dropped its Call 26%, a little more than half way to our 50% stop loss.



karennma
8,057 posts
msg #141661
Ignore karennma
2/1/2018 7:17:55 AM

@ 15minofPham
Re: "AMZN are nearing the first profit target of 50%. The latter reports earnings after tomorrow's bell so I'll close out the position so not to risk a beating."
=======================

Since you're options trading, why did you opt to not buy puts .. or sell calls?


karennma
8,057 posts
msg #141662
Ignore karennma
2/1/2018 7:23:03 AM

@ 15minofPham,
BTW, not berating you for doing that.
I would've done the same.

15minofPham
168 posts
msg #141671
Ignore 15minofPham
2/1/2018 10:11:46 AM

Market is still weak, so selling AMZN 3/16/18 Call at $73 for a 26% gain. It reports earnings after the bell today.

15minofPham
168 posts
msg #141672
Ignore 15minofPham
2/1/2018 10:14:13 AM

Karen,
Good question. This thread is not really a stock picks per se, but instead follow the smart money. It's an experiment to see how well/bad one does if you only follow the big option purchases.

HTH

karennma
8,057 posts
msg #141678
Ignore karennma
2/1/2018 10:46:58 AM

I understand and appreciate your posts.
We've never really had a good thread here for options.
Thanks.
👍🏻

15minofPham
168 posts
msg #141723
Ignore 15minofPham
2/1/2018 11:15:37 PM

Follow the Money Play of the Day - Sprint (S)

Premium of $1.6 million on 54,000 of the 3/16/18 $5 Put for $0.31 with stock at $5.10. This is a pure earnings play as it reports tomorrow morning. Sprint has been a beaten down stock for a year and this investor thinks it will remain for the time being. Total option volume Call/Put ratio was 17-83 and bullish order sentiment was 57%, lower than its 30-day average of 68%.

Change in picking methodology: Many times I'll see multiple lots adding up to be larger than just one big buy. If this is the case, I'll go with the former since multiple investors usually out trump one or two.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Wednesday's spotlight - SQ, $4.5 million, 4,787, 3/16/18 $38 Call $9.50, Stock $46.52

As expected, Paypal's down day also affected SQ as it dropped 3.31% which in turn dropped the option to -22%.
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Sold AMZN for 25% since it reported earnings after the bell. The option was punished after I sold it, but it looks like it might recover since it's up 6.27% after hours. I put an asterisk by the W to indicate the sell was before the 50% target. Another choppy day hurt the portfolio. You're seeing first hand how tough it is to make money in options when the market is choppy. It frustrates both bulls & bears. This is a great time to remind everyone again to buy options far out to give you time to recover when the market is not trending.



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