Boiler Room: The Official Stock Market Discussion

[Donald J Trump]

I read a guy pointing out SEC filings from Scottrade and he pointed out none of their trades are directed to lit exchanges. Etrade is the same way.

Retail would never notice if the NYSE went down again like it did a couple weeks ago because all their orders are directed to dark pools.


Here's Scottrade, notice Nasdaq execution services and DirectEdge (NYSE) market percentages standing at zero:

im lost

 

[Futuristic Eskimo]

Lots of relative strength in financials

 

[Domingo Halliburton]

im lost

basically none of your orders go to exchanges like the NYSE. They go to exchanges called dark pools where most likely high frequency traders front run your orders.

 

[KingJamesXXIII]

JUNO Aug 21 $55 calls at 2.55 each
LUV July 24 35 calls at 45c each.

 

[Donald J Trump]

JUNO Aug 21 $55 calls at 2.55 each
LUV July 24 35 calls at 45c each.

ok so it cost you 35*45=15.75 for all of those LUV options?

 

[KingJamesXXIII]

Facebook ITM calls tomorrow by the close for Fridays expiration.

 

[KingJamesXXIII]

ok so it cost you 35*45=15.75 for all of those LUV options?

I paid 55c each x 100= 55.00 x 5 contracts, so Im in this for 275.00
Im expecting a move to 38-38.50 and 1500+ in gains.

 

[jdubnyce]

JUNO Aug 21 $55 calls at 2.55 each
LUV July 24 35 calls at 45c each.

I paid 55c each x 100= 55.00 x 5 contracts, so Im in this for 275.00
Im expecting a move to 38-38.50 and 1500+ in gains.

i dont know shyt about options...

so you are obligated to fulfill your side of the contract no matter what? what if the stock price drops prior to July 24...can you amend the contract?

 

[KingJamesXXIII]

Price drops and i lose my investment, price appreciates past my strike price, I win X $ x $ above strike and # of contracts.

 

[Donald J Trump]

JUNO Aug 21 $55 calls at 2.55 each LUV July 24 35 calls at 45c each.

I paid 55c each x 100= 55.00 x 5 contracts, so Im in this for 275.00 Im expecting a move to 38-38.50 and 1500+ in gains.

what about strike and all that.. im kinda lost on all that stuff, when do you start seeing profit?
and do you usually trade your contracts or sell them?

im so lost on the interface on td ameritrade

 

[Donald J Trump]

Price drops and i lose my investment, price appreciates past my strike price, I win X $ x $ above strike and # of contracts.

whats your strike price? it says 2.55 each im lost on that

 

[KingJamesXXIII]

LUV is 34.66 right now, if it hits 36 tomorrow my strikes double. Its an earnings play.
I use schwab.com (street smart edge)

 

[Futuristic Eskimo]

JUNO Aug 21 $55 calls at 2.55 each
LUV July 24 35 calls at 45c each.

Those JUNO calls seem quite expensive. Volatility must be high as fukk.

 

[KingJamesXXIII]

LUV July 24th $35.00 strikes for 45-50c each (x 100) Since options control 100 shares of stock, they are 45.00-55.00 per contract..
I bought 5 @ 55c (impatient) Couldve had a few more at 45c.

 

[KingJamesXXIII]

In TSLA July 31, $280 calls as well at 2.00 (2 contracts)
Expecting 290.00