Re: [SuperTraderKarenStudy] CL trade


Nov 18, 2015

 


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#5394 Nov 18, 2015

Hi Rob,Good to hear you are embarking on a new and hopefully prosperous adventure.What broker and platform are you using.In Australia I have found the most versatile broker for forex and commodity options is Saxo Markets who I am currently using.But the crude option spread is crazy. Its about a 20 pt spread. Ie. Bid 0.25 Ask 0.45. How's the spread with your broker?Andrew

On 19/11/2015 8:20 AM, "Rob McCance rob.mccance@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Made my first /CL play today. Virginity gone. History.

Sold a stangle, Qty 5

$34 / $52

28 DTE.

$1150 total premium



Comments? Laughter, warnings, etc?

Rob in ATL



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#5395 Nov 18, 2015

Hi,

I have traded /cl trough bad times, its a big contract with big leverage. So if it kind of goes against you, just don't add to losers, try and roll position and wait to be right cause this /cl beast all of the sudden start getting teeth, and big ones by the way.

I like the trade by the way, I going to see if I join you.

Cheers,

Antonio

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 18 Nov 2015 16:20:16 -0500Subject: [SuperTraderKarenStudy] CL trade

��

Made my first /CL play today. Virginity gone. History.

Sold a stangle, Qty 5

$34 / $52

28 DTE��

$1150 total premium



Comments? Laughter, warnings, etc?

Rob in ATL



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

#5396 Nov 18, 2015

Rob, I like it. ��You might want to look at the calendars also as a hedge. ��My position is only two strangles, but I bought the Jan/March calendar at -2.19 (5 contracts). ��The low is -2.20. ��I am thinking the spread goes to -1.95 tonight and I am out.

Good trading.

Chris

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 18 Nov 2015 16:20:16 -0500Subject: [SuperTraderKarenStudy] CL trade

��

Made my first /CL play today. Virginity gone. History.

Sold a stangle, Qty 5

$34 / $52

28 DTE��

$1150 total premium



Comments? Laughter, warnings, etc?

Rob in ATL



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

#5397 Nov 18, 2015

Andrew,

I'm on Ameritrade's TOS - Think or Swim.

These are options on crude oil futures (/CL) and the bid-ask spread on these is one cent, which is $10 per contract. Or $50 total in my case (5 contracts).

As long as the spreads are not crazy, like yours apparently are, I'm not too concerned about it because the entire play on this is to just have the premium head towards zero, spread and all.

Rob



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#5400 Nov 18, 2015

Ant

Thanks for the advice.��

I'm a quick runner.��

:)

Sent from my iPhone

On Nov 18, 2015, at 4:35 PM, antonio porres aporresm@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:



��Hi,

I have traded /cl trough bad times, its a big contract with big leverage. So if it kind of goes against you, just don't add to losers, try and roll position and wait to be right cause this /cl beast all of the sudden start getting teeth, and big ones by the way.

I like the trade by the way, I going to see if I join you.

Cheers,

Antonio

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 18 Nov 2015 16:20:16 -0500Subject: [SuperTraderKarenStudy] CL trade

��

Made my first /CL play today. Virginity gone. History.

Sold a stangle, Qty 5

$34 / $52

28 DTE��

$1150 total premium



Comments? Laughter, warnings, etc?

Rob in ATL



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

#5401 Nov 18, 2015

Thanks Chris.��

Have not ventured into calendar spreads.��

Gotta save something for the future.��

Ha ha

Sent from my iPhone

On Nov 18, 2015, at 4:43 PM, Chris Fitz chrisfitz65@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:



��Rob, I like it. ��You might want to look at the calendars also as a hedge. ��My position is only two strangles, but I bought the Jan/March calendar at -2.19 (5 contracts). ��The low is -2.20. ��I am thinking the spread goes to -1.95 tonight and I am out.

Good trading.

Chris

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 18 Nov 2015 16:20:16 -0500Subject: [SuperTraderKarenStudy] CL trade

��

Made my first /CL play today. Virginity gone. History.

Sold a stangle, Qty 5

$34 / $52

28 DTE��

$1150 total premium



Comments? Laughter, warnings, etc?

Rob in ATL



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