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LNKD is a good one but you have to stay with the monthly a lot of the time becaue the weekly has low volume. It one of my love/hate ones becuase it on our bloated pigs list but there are always plays within plays if your fast enough.
Let know what you like or are playing. We love to share our finds. appl today maybe 650 with a 660wc?
aapl & bidu have my attention today for daytrades. Running late so there could be more.
BIDU looks attractive just for the fact that it is paying 0.57 on a weekly cost base of 0.52. There is a lot of ma around 111/112 so that a concern but plenty of room to get a 100% play. The atr is 3.52 avg. per day.
NFLX - is paying 0.41 per $1.25 stock move on a weekly cost base of 0.56. Not as impressed with the chart setup but it does have an atr of $3.45 move avg.range per day.
By the way welcome stockandmore. Glad to have you here. Been trading options long?
What interesting is she not breaking through but some politics really need it to stay strong. I notice the spy had a huge short level and a break up could send that flying.
The question came up on option volume on atm board this was my reply - please feel free to comment or to add on.
I like to see over a couple hundred over a couple of strikes. I not saying it can not be less but the lower it goes the higher the risk. One thing we preach is if you are trying to get 50% return but you have a 50% chance of it going down or losing it then it not a good play. We always shoot for 100% return and 20/30% lose (stop). Not always the case but my risk vs. return is low which is another topic.
LO is one we really like on our board. Yesterday the OTM (out of money) had 14 buys but 2 otm had 74 buys. So we had our 100 but the 14 strike will be computer controlled more than than the 74 strike.
Here the two problems. One is a huge problems with newbies, I have a daily volume of 24 but I buy 100 because there cheap. The problem is at the current volume it take you five days to get out and a lot can happen and two since it is computer controlled they are going to sense the selling going up and keep lowering the price on you thus taking your % down. The other side is it goes against you and next thing you know your 2 strikes down and you volume is now 5 and there not enough buyers to get you out of your 100 your holding and buy the way when you start to sell the detect it and lower the price.
On this case the strikes are at $5 increments so as the price goes up you wont see much price movement in those strikes until it gets over 1/2 way before they start to kick in. Here the current picture on LO oct (one of helms favorite). It has a payout of 1.73 for a cost of the first otm of 1.53. So basically I getting 110% for every dollar move but since I have a five dollar strike difference and low volume I probably wont see that ratio kick in until I am 1/2 between the strike. Again computer controlled. Again this is not a for/against lo but understanding risk.
Hope this helps
I like to see over a couple hundred over a couple of strikes. I not saying it can not be less but the lower it goes the higher the risk. One thing we preach is if you are trying to get 50% return but you have a 50% chance of it going down or losing it then it not a good play. We always shoot for 100% return and 20/30% lose (stop). Not always the case but my risk vs. return is low which is another topic.
LO is one we really like on our board. Yesterday the OTM (out of money) had 14 buys but 2 otm had 74 buys. So we had our 100 but the 14 strike will be computer controlled more than than the 74 strike.
Here the two problems. One is a huge problems with newbies, I have a daily volume of 24 but I buy 100 because there cheap. The problem is at the current volume it take you five days to get out and a lot can happen and two since it is computer controlled they are going to sense the selling going up and keep lowering the price on you thus taking your % down. The other side is it goes against you and next thing you know your 2 strikes down and you volume is now 5 and there not enough buyers to get you out of your 100 your holding and buy the way when you start to sell the detect it and lower the price.
On this case the strikes are at $5 increments so as the price goes up you wont see much price movement in those strikes until it gets over 1/2 way before they start to kick in. Here the current picture on LO oct (one of helms favorite). It has a payout of 1.73 for a cost of the first otm of 1.53. So basically I getting 110% for every dollar move but since I have a five dollar strike difference and low volume I probably wont see that ratio kick in until I am 1/2 between the strike. Again computer controlled. Again this is not a for/against lo but understanding risk.
Hope this helps
Some good ones on that list lnkd stands out to me.
One thing I want to way in on this subject is you have to be very careful of low volume options. The look so attractive but the are munipulated almost as bad as a penny. More options players get trapped in these and can not find buys on an exit.
sounds good.
we need some help with the bears.
heck now I confused! I bought the 100wp thinking if it broke the 100ma on the 3m it would go back to the where it started at the 106.50/107. That is what I like people keeping me honest.
nflx - dc just told my your put you mention 70p @ 1.73 would be 5.55 today. nice
AAPL - Since most of you are sitting and watching today take the time to look at the nov. option volume. Look a the strikes and the volume and then look a the put side to see which one winning the battle today. Hopefully some one can tell me how much money was laid down in call options over 700.00.
spy watch it closely on a lower level chart. This is cupping a bottom here but need to see if it confirms if so the we see more pops.
I like to caaaaaaaallllllll it, calculated risk. lol
Here the thing and the statement is true. I was looking at a .09 delta per dollar (or options go up 0.09 per dollar down move) on a 0.12 buy. So I need(ed) $1.33 dollar move to double on a $3.00 move this morning so giving up 1/2 that on a down 125pt day seem like the risk. The problem the slower the move the less likely people are going to hold it or buy it killing the frinzy.
I confused myself today. I went into the day thinking long puts but as it opened, 3m chart I had a bollie tunnel (price running sideways with in a tight bollie band. When it broke above that I daytraded because of the volume behind it. At the point I sold did go long.
Secondly from watching it I went wc (lotto if you will) that it would break the 100ma and might go back to home base. The fact were down 125 help may decision, maybe it was 100 at the time.
The problem with these plays is the longer it takes the erosion/vega can come out of your profit or supply and demand.
So hope that helps. I usually dont trade like this but you have to go with what is in front of you.
Saw that but now looks like the flood gates may be opening on my bidu calls but yes pcln bounce. Might be little but good for a double because of the overall market which might trade sideways for awhile today.
armh - watch this for a bounce. It a low volume so risk is high but someone laid down 47,000.00 on the 28c. Interesting.
stuck on a hanging chad. let my option go!
bidu bought 100wp at 0.12. risky buy.
AIG out at even. SPY didnt come about.
did he? What did he take. I havent been over there in months and went over there last night because it was so quiet and saw his down grade post. That what made me look a the weekly chart to see if where the down grade landed on the chart. Because the on ma was 88ish I took the 85's and seeing that it might bounce this morning gave me a better entry or cheaper price.
He a pretty good old fox!
pnra was on my watch to.
got any good ones about to turn?
aapl - sold my 660wc for 0.98. Really sad since I had 1.53 yesterday. They are eroding or vega'ing faster than the up can compensate. I jump out and will look for a new entry.
patience to you get the setup you want is so important. everytime I rush I end up hold some ugly ones.
bidu - out at 1.02 from 0.53 i think anyway out
I been yelping a lot about short float the last week and helms sent me this. Here the power or the fuel. Not a endorsement for or against the stock (but this is why it flies and falls quickly)
FSLR has 87M shares outstanding but on 60M float. Of these 49% are short!!!
When a stock with such a short interest (over 28M shares) begins to surge, the shorts will be forced to cover or lose their gains.
Days to cover comes from the ratio of short shares to average daily volume - in this case it would take nearly 4 days of average volume to reduce the shorts. Powerful fuel for a kick in the pants - waiting on a catalyst - either 1)technical 2)news 3)financial. Technical will be here inside of 3 wks, but could be much sooner.
I here you!
aig - bought the 36c at 0.46
so start dumping all your dollars so that it will lower the value of it and we can get this show on the road.
Was watching it for a long put buy but today setup was just to sweet.
totally agree and failed at it yesterday.
the problem is it eroding as fast as it goes up.
What I should have done with both qcor and aal yesterday. Need to get back to my rule of 100% within minutes take it off the table and look to reenter.
Same here with us, I in the subs of indy and the big guys has taken every one down but the mexican places. We are starting to see this turn back the other way but probably not until money flows again.
yes might consolidate here for awhile today.
thanks, actually has a nice ma bollie tunnel going on the 3m chart so that a good thing. Once it comes out on the other side will move with some ump.