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No I didn't notice ... Did they have some good PR coming in after hours?
BIDU has been cut from my option watch list ... just a little too low on volume for my purpose. I'm weeks away from paper trading, I'm still studying 6 options, NVDA may be best ... if you want I'll share my conclusions, which are now delayed an extra week due to GWHB passing.
A memory is a terrible thing to retain. You've done well, my friend.
ALways showing off! You remember stuff ... I can't even remember when I lost my memory.
GB didn't tell me that, therefore, I didn't know. I'm only good at repeating what I've heard.
One of the things I've missed for 2 years was an excuse to use the word Fibonacci!
Interesting fan ... If it was a crystal ball I was looking at I'd be reading 6600 for the Naz on or around Jan 15.
Some time around then the fib fan, my ADX target, an open gap and support from the Oct 29 low will intersect.
Time is money ...
I need to collect more data on QQQ and BIDU but my analysis says VXX options will cost you ...
Mon - 70%
Tues - 65%
Wed - 50%
Fri - 20%
Percentages being based on the "first in the money"call or put and represents the portion of option cost (or portion of each dollar you invest). It goes fast on the weeklys so if you go in on Mon you better be out by Tues.
I don't plan to hold overnight so the premium will be just a little lower upon exit on whatever day ... but you don't earn profit on the premium portion of the price ...
i.e. If you pay $1.00 for an option and 70 cents is premium ... if the price rises by $.50 you only gain $.15 per share or a 15% gain on each dollar you invest.
If it was only a 20% premium and the price goes up $.50 you would gain $.40 per share or a 40% gain
Weekly's are for daytraders and scalpers ... not to be held overnight
Check your email again ... for something sent at 2:11 today
the email at yahoo account
So the longer plays are your bailiwick!
The slow ema's are good for the long trader.
AVGO options moved over a $5 range today which is two legs. That offers a huge % gain but downside on a quick look is not exciting volume
I haven't funded my account yet .. it's killing me but I need to be patient. I intend to spend another week or two checking my signals and analyzing the options. I'll share my conclusions.
Killing me because my overnight read for the QQQ was a 159.50 close. I'd have had an easy two bagger on a 2 hour play.
I just looked again, got a new message and thought it might be from you? It was from Taxact, offering a huuuuge discount. Nothing that resembles your name though.
This is a results driven business. I've been studying and watching those slow ema's for a lot of years. The results speak for themselves.
Where's it at? I looked again. It's not even in the spam folder.
Open the window, buddy!
I don't know the exact number of years I've been trading options? One specific thing keeps popping out at me. When I trade monthly contracts with more time? I win a better % than that. When I go short term with weeklies? some weeks are better than others. I've come to the conclusion that I have a better feel for the bigger picture and the likely direction, timing it isn't always easy.
It was my Thankful note .. you replied so I think I got it right.
To me options is a percentage game. I'll take a quick look today AVGO and let you know what I see.
By percentage game I mean it two ways mainly the percentage you gain off of the dollar you invest you also have to be right better than 66% of the time
I checked, and checked, and checked. There was a message from last night, and I replied earlier this morning. My home address is the yahoo.com, not the Midwest. Could that be a factor?
250/400 is just too slow. I find the 50/200 better for my purposes and use wave periods of 36/144 as an early alert.
I say go with your bailiwick ... I have a good knack for seeing the intraday moves. While I'm tracking BIDU and a couple of others I'm pretty sure I'll trade the QQQ or VXX.
Yeah I'm a pussy. The indexes are like mutual funds. And index intraday plays are less often affected by earnings or upgrades/downgrades cause those are either pre-market or after the close.
Check your email
LOL...I understand completely. It does a fellow good to step away for a while. It helps clear the head and allows me to see things more clearly. I've noticed that I have a better idea of the big picture when I do that. Short term trends are tougher to make money on than the longer term plays.
I'll give it a try on the QQQ charts I'm adding. I think it might have better %'s in comparison with others I'm considering for a play list.
It's amazing how fast you can fall off the wagon ... spent a lot of hours working on charts and spreadsheets this week. It just feels so good!
SPX observation ... ADX spike in early Oct targets the open gap around 2490.
Data ... difference a day makes
Estimated return on VXX options based upon .50 VXX movement
Using Strike just in the money - Variable in ROI are premium which
varies by day and time purchased.
plus amount the strike is in the money at time of purchase
Time Day ROI
11:15 Wed 15.00%
11:45 Wed 16.67%
12:54 Wed 13.64%
13:41 Wed 15.11%
14:22 Wed 14.40%
14:45 Wed 15.79%
15:06 Wed 16.88%
15:22 Wed 18.18%
15:56 Wed 15.15%
11:00 Thurs 21.74%
12:15 Thurs 24.68%
12:36 Thurs 25.76%
13:00 Thurs 24.71%
13:45 Thurs 27.45%
14:05 Thurs 26.67%
14:45 Thurs 29.27%
15:30 Thurs 29.27%
11:30 Fri 51.28%
12:00 Fri 52.94%
14:45 Fri 100.00%
15:11 Fri 158.33%
15:34 Fri 81.25%
15:44 Fri 170.83%
15:55 Fri 107.50%
From you mouth to anybody's ears that will listen ...
Check your email
Whatever you choose to do? Do it well.
Call me a pussy and dress me in pink.
I don't have enough paper to paper trade BIDU and CVX
trading vxx is for wimps. If you want to make real money on the market? Learn to trade CVX or BIDU.
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