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GROVE STAR TRADERS
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GROVE STAR TRADERS blog offers advice for experienced options traders with a focus on event-driven strategies. It emphasizes active trading rather than long-term investing and highlights a preference for straightforward options like calls and puts, excluding more complex strategies.
GROVE STAR TRADERS
12h ago
WE ALL KNOW THE NEWS .
TOP 2 TRADES-O-THE DAY: (#1) ORACLE $140 CALLS. (EZ 40¢ IN TO EZ $1.60 OUT). A3X. THESE CALLS WENT OUT YESTERDAY AT 43¢
(#2) $220 APPLE CALLS. (EZ 20¢ IN TO EZ $2.50 OUT). A 11.5X. THESE CALLS WENT OUT YESTERDAY AT 21¢ YESTERDAY.
IT'S SO SIMPLE AT THE CLOSE. AIN'T IT? YEP.
FINAL CLOSING PRICES: ORACLE CALLS $1.85. & APPLE CALLS 57¢.
TODAY WAS ONE HELL OF A DAY. HOPE YOU DID WELL ..read more
GROVE STAR TRADERS
1d ago
THAT WOULD BE: WOULDA', COULDA', SHOULDA' STUCK WITH IT.
BUT I DIDN'T.
SOMETIMES THE MKT MAKES YOU FEEL SO STUPID. KNOW THE FEELING?
BUT THAT'S PART OF IT. SUCK IT UP & MOVE ON.
ON THE OTHER HAND APPLE IS JUST ROCKIN' (OUR BIGGEST POSITION). MAKES UP FOR IT, IN A BIG TIME WAY ..read more
GROVE STAR TRADERS
6d ago
THEY CALLED THE EBAY NEWS: QUOTE "AN UNWELCOME DEVELOPMENT & INCREMENTAL NEGATIVE". NO SHIT.
SOMETIMES, ANALYSTS JUST AMAZE ME. THEY HAVE SUCH A KEEN SENSE OF THE OBVIOUS.
MY QUESTION IS "WHERE WERE YOU ON WEDNESDAY? OUT TO LUNCH?
IT WORKED WELL WED & THUR. TODAY IS DAY 3. (ALWAYS TRICKY). BEST TO AVOID & MOVE ON. BE HAPPY IT WORKED WHEN IT DID, BECAUSE NOW YOUR GUESSING & GUESSING SUCKS
HAVE A GOOD WK-END ..read more
GROVE STAR TRADERS
1w ago
GO BACK TO PREVIOUS DAYS BEST IDEA & CONTINUE IT, UNLESS THERE WAS NEWS OR AN EVENT TO CHANGE THE DIRECTION..
FOR EXAMPLE YESTERDAYS PICK WAS AMERICAN EXPRESS GOING LOWER, NOTHING CHANGED, WILL IT WORK AGAIN? LET'S SEE:
OUR THEORY: IT'S GOING TO CONTINUE (LOWER). SO WHAT HAPPENED? IN THE 1ST HR. IT WAS UP $1.70. DID ANYTHING CHANGE? NO. THEY STILL LOST THE EBAY ACCOUNT & SHOULD CONTINUE LOWER. BID THE SAME STRIKE PUTS AGAIN (OR EVEN GO DOWN A LEVEL TO $232.50). AS IT'LL BE CHEAPER & SHOULD PROVIDE A SLIGHTLY HIGHER ..read more
GROVE STAR TRADERS
1w ago
JUNE 5. AMERICAN EXPRSS. EBAY NO LONGER A CUSTOMER.
MAY 28: APPLE. CHINA iPHONE BIZ +52%.
MAY 23: BOEING. CFO SEZ "NEGATIVE CASH FLOW FORECASTED".
MAY 20. NORWEGIAN CRUISE LINES. AWESOME EPS & TECHNICALS ..read more
GROVE STAR TRADERS
2w ago
TOP STORY CHEWY" BUT IT REALLY JUMPED ALOT. MISSED IT VIA UNDER BIDDING THE $20 CALLS. SHIT HAPPENS YOU KNOW. (THAT'S WHY THEY INVENTED THE PHRASE ..read more
GROVE STAR TRADERS
2w ago
OPT OF CHOICE: $192.50 & OR $195 CALLS ON A PULL BACK FROM +$3 (EARLY).
BID BOTH AS CLOSE TO PREVIOUS CLOSE AS POSSIBLE.
WHY: SURPRISE EXCELLENT CHINA SALES. (+52%)
PREV CLOSE (S): 16¢ & 50¢
EARLY LOW: 20¢ & 62¢.
HOPE YOU GOT IT.
REMEMBER YOU HAVE TO THINK AS A MM.
11:30 FOLLOW UP: TO GST CREW, THE % PICKING DRAFTKINGS PUTS OVER APPLE CALLS, WAS SPLIT EVENLY, THE $DKNG TRADE ($35 PUTS) RETURNED MORE, BUT IT WAS "HARDER". I LIKE EASY. EITHER WAY THEY WERE BOTH EARLY WINNERS. (ESPECIALLY FAVORABLE FOR ..read more