TWTR - Jun27 2014 40.00 weekly calls

Discussion in 'Options' started by FXforex, Jun 18, 2014.

  1. FXforex

    FXforex

    I think I will take a break for a few days. I will post the final update on Friday after the options expire.


    :)
     
    #31     Jun 24, 2014
  2. renaming this thread "Diary of a Piker"
     
    #32     Jun 24, 2014
  3. 30 x 35.
     
    #33     Jun 24, 2014
  4. being a piker has its advantages. you took a tiny gain cause you knew the trade was just a gamble where you got lucky . good thing you did
     
    #34     Jun 24, 2014
  5. When they expire worthless along with the 40s?
     
    #35     Jun 24, 2014
  6. too late, i already signed the op to an exclusive contract trading my 20 million dollar account. best call on et in years. too bad he whimped out.
     
    #36     Jun 26, 2014
  7. Next time have more confidence in your great genius.

    I await your next trade with much enthusiasm.

    Someone posting an actual winner here on good old et. Thought I'd never live to see the day
     
    #37     Jun 26, 2014
  8. Amalgam

    Amalgam

    A triple seems epic to me.
     
    #38     Jun 26, 2014
  9. only epic if you hold the trade. if you take a measly 100%, not epic at all. just another blown op.
     
    #39     Jun 26, 2014
  10. FXforex

    FXforex

    UPDATE - TWTR JUNE27 OPTION EXPIRY SUMMARY

    The TWTR Jun27 39.00 call trade was well executed from planning, to open, and then closing. The chart below provides an easy way to visualize the trade as it progressed.


    [​IMG]
    TWTR 2-week chart, June 16 to June 27.

    Blue Dot: June 18, 01:20 PM. Started ET thread about TWTR June27 40.00 calls. Post #1.
    Red Dot: June 20, 11:38 AM. Buy to open 2 contracts Jun27 39.00 calls at $0.50. Post #11.
    Green Dot: June 23, 10:27 AM. Sell to close 2 contracts Jun27 39.00 calls at $1.08. Post #16.


    This trade was a good example why I don't like debit spreads, the short option would have hindered my exit. No big deal if I was wrong on direction but if you are right on direction debit spreads will cost you money. Go with a long position only.

    Did I exit too early? As you can see from the chart there was two days to re-enter a position at prices below my closing price. The TWTR June27 39.00 and 40.00 calls even dipped to their lowest prices since I started the thread. I didn't post any new trades to ET so I won't say if I did enter a new trade on June 24 or June 25. Maybe I did, maybe I didn't.


    :)
     
    #40     Jun 27, 2014