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sld
AMZN Mar 09 2012 175.0 Put @.70 -.10
crap just saw that, thanks
beer
news came out that kiddle is now 30% of table web browser traffic
this is making amzn soar
BOT QQQ Mar 09 2012 63.0 Call .80
SLD
AMZN Mar 09 2012 175.0 Put @ 1.26 +.31
Bot
AMZN Mar 09 2012 175.0 Put @.80
SOLD AMZN Mar 09 2012 180.0 Call 2.82
+.62
Sold QQQ Mar17 64 PUTs @ 1.17 +.44
Yeah!
sld
AMZN Mar 09 2012 175.0 Put 1.38 +.51
bot
AMZN Mar 09 2012 175.0 Put @ .95
Thanks Roy! I am so happy to be able to make a contribution to the board.
Watching for my exit point. Today has been good!
Jane,
Great call on the QQQ overnight move.
You are up over 50% as I type.
BOT AMZN Mar 09 2012 180.0 Call 2.20
Thanks - you are correct - March 7 for AAPL IPAD3 announcement.
I think that's on the 7th but I could be wrong.
BOT QQQ Mar17 64 PUTs @ .73
I'm out of daytrades until Thursday, so holding overnight. Market looks like it's starting to correct.
AAPL is dropping rapidly. QQQs follow AAPL.
AAPL will unveil something new in press conference on March 8th. Plan to be out of Q puts with a profit tomorrow, then see which way AAPL turns on the 9th.
BOT
AMZN Mar 09 2012 175.0 Put .87
OUT QQQ Mar 09 2012 64.0 Call .60
-.06
BOT
AMZN Mar 09 2012 175.0 Put .95
BOT QQQ Mar 09 2012 64.0 Call .66
SOLD AMZN Mar 09 2012 175.0 Put 1.32
+23
Sld AMZN Mar9 175 puts at 1.14
+.09
ADD AMZN Mar 09 2012 175.0 Put .87
cost average 1.09
I'm not sure yet but I think I'm right so I'm posting it. The on balance volume is a nice indicator for the tipping point in call or puts, am I right.
I'm studying your plays, I started with the first ones on NFLX and on balance volume looks like a tipping point marker (checked it with AAPL, the same).
roy, i follow rsi,macd,volume,BB bands, 5,8 SMA all those on candle stick charts. i also toggle between 5 min,15 min,daily charts. also, i try to play amzn,nflx,spy,qqq,sina,bidu,fslr and rarely aapl as their premiums are huge.i also try to play close to strike.
i can say i improved lot of my technical skills from you guys trading and some of the posts about the indicators you all posted.
i used other indicators with them also but now i stick to them.
only place where i am going wrong is selecting which stock of above ones to trade on a given day.
from today i think i got a good idea.thanks a lot.
Thank you for the answer, taking a look now, I'm coming back to this board like your style a lot. Not the big gains but consistently trading measured trades. Consequently advising everybody who is on this board.
Great!!!!
Roy, I'll PM you a bit later, probably over the weekend. I hear from Jimmy infrequently now, maybe once every few months, but I did hear from him a couple of days ago. He's the same, fiesty and crazy, spouting offbeat insights that leave my head spinning. Gotta love the guy. Everything's good here. I'll catch up with you via PM.
Hi mullie,
Are you using any indicators to pinpoint your exact entry point? Wii R% or others??
Yes, of course. I haven't time to go into detail here. However, in post 77013 I mention RSI, Wm%R, stochastics, MACD, volume bars, accumulation/distribution, Chaiken oscillator, and On Balance Volume, ..... which are most of what I use on in intraday charts. Also usually a pair of moving averages.
More later for your specific questions.
Hi Paul, ever so glad to hear from you again.
Thanks for the zerohedge link and calling my attention to it. I have such an icon on my desktop for quick daily access.
I also look in on Karl Denninger frequently:
http://market-ticker.org/
While I am at it, I recommend his book, Leverage, How Cheap Money Will Destroy the World.
http://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Dstripbooks&field-keywords=Leverage.
New hard cover for about 21 bucks, Kindle 17 or so.
I really miss being in touch with all our ninja friends. Wonder how they are doing. Are you still in touch with Jimmy?
Drop me a PM from time to time if you wish. I'd be more than a little interested in what goes on with you and yours.
Are you using any indicators to pinpoint your exact entry point? Wii R% or others??
I'm watching your posts. Ans you are like mister mijagi SO unbelievable controlled. How long do your option trades take 5 minutes 10 etc.??
Jane, deft touch there, good going, congrats.
dotnet, hi again
point 3 is the one I was missing
Maybe. Maybe not. I don't know much if anything about your charts/indicator technical ability.
The REAL IMPORTANT THING was not a separate point at all, but imbeded in point 5:
"traders who can correctly call the stock movement direction on very short time spans"
We rarely get into the details of technical analysis. Talk to me about specifics of RSI, Wm%R, stochastics, MACD, volume bars, accumulation/distribution, Chaiken oscillator, and On Balance Volume, and maybe we can get somewhere.
I read so many comments such as "---I thought", "technicl analysis said--", "I was late---", and I wonder what exactly, precisely, specifically led to such opinions.
The above is certainly not to claim technical analysis ability at this desk. If there were such, then there would be no need for an escape tactic in advance for every trade entry, would there?
Sold NFLX Mar 22 115 Puts @.60
+ .18
Yeah!
Bot NFLX Mar 22 115 Puts at .42, sold .60
Thanks again Roy!
i am assuming point 3 is where it moves with the index.
Doubtful assumption. I'm more in the camp of studying each issue's own recent developing technical picture.
Sure, when trading SPY and maybe QQQ, by definition you are moving with the index. Less so with the small cap Russell stuff.
My very good friend pstuartb makes this point in an earlier post.
As a generality, if I have one, I am interested in an issue's (stock or ETF) recent (maybe weeks) performance relative to SP500 and/or Dow30. If it (my candidate) has been advancing noticably slower than SPX, say, recently during a period of general market strength, and SPX gives signs of topping, then my candidate becomes a stronger candidate for southbound and me loading puts.
That's just the point pstuartb was making earlier with regard to IWM.
So, heck, if Paul says so, then I was correct to try IWM puts. But wait, intraday on the last session of an expiration period is its own thingy, and such generalities can be very suspect.
Well, there is an hour left. Let's see if there is anything interesting beconing.
i watched and watched your 6 points and just hit my head.point 3 is the one i was missing.lol.i am assuming point 3 is where it moves with the index. even i follow the stocks you typically trade (courtesy of your postings) but i am selecting AMZN on a day where it does not move in a good range and similarly other stocks. thank you very much for the info.
Sld NFLX Mar2 115 puts at .70
+.38
Dbl an' a tad.
Sld IWM Mar2 81 puts at .98
Coupla cents short of a quad. +.73
HOD this strike has been 1.15
sld
Spy Mar2 138 PUT @.95 +.36
Hi, Roy. The RUT is showing conspicuous weakness relative to the other indexes. It's got near term support at 800 and 770, currently at 800.65. It's broken its 13dema and its 20sdma. The 50sdma is at 790. It could just be in correction mode since the early Feb top. Time will tell. Good to see you banging out the trades as usual.
As Ollie used to say, I'd like to bring a little something in my beak to the board here this morning. Here's an excerpt from today's letter from Art Cashin:
" “The Facts Ma’am. Just The Facts” - That was the classic interrogatory posture of Sgt. Joe Friday (Jack Webb) in the popular and long running radio and TV series, “Dragnet”. Just the facts was the posture taken by Lakshman Achuthan of ECRI in two recent interviews on the economy.
Last week Becky Quick interviewed Achuthan to see if he had adjusted or tempered his call that the U.S. was headed into a recession. That interview created enough of a stir that Bloomberg called him in for an interview on their network. We don’t have the transcript on Becky’s interview but here’s a bit of Achuthan’s Bloomberg interview:
Q: Lakshman, in three years there has not been a more anticipated set of interviews than with you today. Reaffirm your recession call.
A: Consider it reaffirmed, and let me explain why. Since our recession call five months ago, the definitive, hard data used to determine official recession dates have gotten worse, not better, despite the consensus view that things have been improving since we made that call in late September.
Q: Is the beginning of a consumption slowdown apparent?
A: Let’s go to those key, hard facts. GDP growth, year-over-year, peaked in the third quarter of 2010 at 3.5%. By the second quarter of 2011, it had fallen to 1.5% and it’s basically flat-lined from there. It has not reaccelerated. It’s a similar pattern for personal income growth and it’s a similar pattern for the broad measures of sales growth. As of January, when you look at industrial production growth, year-over-year, it has now declined to a 22-month low. Taking all of these key aggregate measures of output, jobs, income, and sales, putting it into our Coincident Index, the growth rate has now dropped to a 21-month low. The economy is weaker today than it has been in 21 months.
There’s more to the interview but you get the gist. Given a chance to modify his stance in the face of new, apparently improving data, he declined. He’s sticking with his call and that bears watching, given the excellent record of ECRI."
http://www.zerohedge.com/news/art-cashin-why-economy-weaker-it-has-been-21-months
what made u choose NFLX today
My tactical "rules" for fast options trading on the last day of an expiration period:
1) I will have uninterrupted time
2) Looking for a stock/issue with which I am familiar, especially recently (few days on my 5 and 15-minute indicators)
3) Stock typically trades with movement,
4) Options for the stock are liquid, and the spread is usually small.
5) Stock price is "up there", 70, 80, 140, like that
5) MOST IMPORTANT (if above requirements are met): Stock is trading very close to a strike. This presents the prospect for traders who can correctly call the stock movement direction on very short time spans to go long either calls or puts. Think about this one and watch and watch and watch over time and you will see the advantages.
6) Trade only the in-the-money strike or the slightly out-of-the-money strike.
roy what made u choose NFLX today rather than AMZN or other stocks.is there any indicator to look for to select which stock to trade for that day.that is where i am going wrong.i am doing everything right on the technicals but the stock i am selecting do not have good range for that day. thanks in advance.
Bot NFLX Mar2 115 puts at .45
Sold at .57
+.12
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