In the morning fidelity wasn't accepting orders properly - probably because of overload. So, I was only able to trade for some time and then I had to work. I placed some trades now - too bad, I can't trade a lot today. Anyways, I sold
Mig - 75 shares
VLO - One call - VLOCC
ASFI - 130 shares
I got profit in all of the above.
NDAQ - I sold my call that was expiring today for $60 loss.
I tried to sell my calls for exm, dsx and ndaq but I missed my chances. I have placed the trades and I hope they execute or I will wait for another day to catch the peak.
Update --- That's all the trades for that day. None of my other orders got through.
Ex Dividend Stocks for April 2022
2 years ago
6 comments:
Your EXM call should be worth $$$ today!
Hi MPT... added you to my blogroll today. now get them gains.
THT
I added you too. Love the updates. Take care with all the turbulence and volatility.
CP
BD - I don't know man. Fidelity is down and I can't even see what orders executed and what not :). Last time I checked - Noone was buying my exm call even when I was trying to sell much lower than ask price - buy yeah, even if I sell at bid-price, I will still get handsome profit. Thank you so much for finding that pick - I owe you a beer.
THT - Thanks much :). Yeah, I hope to cash in some profit real soon. Its always a dilemma - lock the profit or wait and get more profit ;). Hope I don't wait too long.
CP - Thaks a lot :). Yeah, I tried to buy some puts to cover my positions - don't know if they worked or not. I added you to my blog roll too.
Good luck to all and hope everyone gets lots of $$$ that Fed is printing :).
That's got to be annoying with Fidelity. You can always go to Yahoo Finance and see what the options are trading for to give you an idea of whether anyone bit on your order. No problem on the find. Good luck with your other trades, too.
One word about buying calls straight up right now, though... implied volatility is through the roof across the board, so any calls you buy now may lose intrinsic value as volatility decreases, even if the stock remains at it's current price. CBOE has an IV chart that is good. Just type in the symbol and look at the IV chart to the right:
http://www.cboe.com/framed/IVolframed.aspx?content=http%3a%2f%2fcboe.ivolatility.com%2foptions.j%3fcontract%3dBEF60F7D-ABDF-4DD6-B154-F20EF14E3191§ionName=SEC_TRADING_TOOLS&title=CBOE%20-%20IVolatility%20Services
One way to combat IV decay (to some degree) is to buy a vertical spread. You buy a call, but also sell a call at a higher strike. It limits your upside to the difference between the strikes, but it's cheaper and IV decay will be hedged by your sold call.
Cheers,
BD
Hey BD,
First of all, really sorry for getting back late. I haven't been able to do much last two days.
Thanks a lot for the iv chart links. I am trying to use this strategy for my nyx stock but stock is already hammered. IV chart seems really useful in dealing with options and thanks for pointing it out.
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