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I had an opinion a few weeks ago and someone made me rethink. Those are out there for a reason which I lead to believe is like a cover call of big money. Rethinking based off new info, I tend to want to see some volume. I had wmb where I saw a high open interest but 16,000 calls bought for the oct 37ish if i remember. That over 2 days was over $3m dollars laid down at those two strikes. That where it gets very interesting expecially when I dont see a straddle/straggle on the other side. What hard for me to see is history of volume on a certain strike vs the open interest. I believe there is great strength in this and have played over 20 plays, (rimm, ms, wmb, f, wlt and many more for 100% to 5 baggers) Had one 10 bagger but it was trump out by my friend getting a 30 bagger (dang him but proud of him),I think). The one thing I changing a little is like ford I have the dec/jan 11 & 12's. I not sure if I go that far out but not sure. they both doubled on the last run and I took my investment capital off the table leaving the profits to run.
My goal is to get 20 of these going at a time because they dont take much time to watch vs. flipping my daytrades or multible day trades.
Love your opinion, advise, or help on this matter.
Make sure I reading this right, when the price was $60.10 you bought the 57.50 at 3.90 and now with the price they are 3.6 so they went down.
Most likely two things is supply and demand holding it down and you probably have been vega. Vega is basically for 1% +/- is a certain $0.00 up or down in price even if the stock didnt move one cent. As of this morning the 57.50 vega was 0.015. and volitilaty is 47%. Last week it was like 61%. As these explode volitilaty comes out. Here another way to look at it. this morning it shoot to 5.00 and the next strike below 60.00p shoot down to 1.78. The avg the two together and the mid value should have been 3.30. So price shooting up so fast caused volitality to shoot up thus it coming out and will resume. I always ask people to check me and not take thing someone says with out doing some foot work. I think there a lot more into this but really doesnt matter that much to me. But look at the 60c itm ask/bid and the itm 65p ask bid. I bet they are about the same.
Now you can use this to your avantage sometimes. Look at the close or opening of both the two. The puts are a lot higher than the calls. This tells me that the calls are undervalued whatever the avg. of the two numbers. Thus if I get in early I get that difference and any of the morning frenzy. Sometimes during the day you can see this happening thus telling you to pay attention to the stock. These are the little things that can take a 100% play to 3 baggers or even taking a play that my net 40% and making it a 100%.
Let me know what you see and are thinking. Love when people are like you that have a great game but are looking for that little extra piece. If you asked denny or esva, I think both would say their style have not changed much but they just fine tuned some things. guys correct me if I wrong. They are still looking at the same type of plays they were several months ago but are being more selective and looking for that little extra edge. It different for both but it what fits them. Big one is denny tuning his cci reads or just getting more out of it.
Please people open up!
oh my bad never mind. Yes you were born in the 90's, yes I got it. lol
Ugh you might have dated yourself with that music list. lol
geez you cant take your eyes off them for a minute.
Just told helms the 50ma is getting close to price on the 3m which means it will either go up or drop below it which means it stalled or about ready to go down.
esva were are you!
Well most of them lol, the main charts I use is the daily, 60m (favorite), 10m and the 3m. If I going long ball then daily, 60m and 3m. Daily for overall trend, 60m bottom comming up for strenth and 3m for entry. The 3m was taught to me by a really great daytrader that tends to get 100% on her trades. My thought was if I used here entry instead of sitting and waiting then i up at leat 50% right of the bat then I can lay down my stop limit at entry or 10% below, lowering my risk factor.
On faster plays it 60m for trend and strength and 3m entry for the reason above.
The 10m is for three reasons and I may drop it soon. One is the 10m pinch plays, two sometimes the 3m will give you a early sell but if you switch to the 10m it keeps you in the play until the 60m can take over. third I use a stock market value line on my charts. Sometime the 10m will show me the market value has increased above or below the current price thus if the distance is great enough to give me a shot at 100% return then I wait to see price or market value moves first.
Heard the the cheering all the way up here to the north.
Classy play and classy on giving the props.
Great job! Do we have a swing trader in the horizon. no say it not so lol! Well done fantastic entry.
Yes some one pm me which I not sure why but good for her. Hope they put some in the tip jar. lol great spot and great to play for all. always good to see people do good.
great call on that one zoom.
aapl - well i got out even. I had to triple down like I said before 0.35 to get my avg. down below 0.75. Ugly and dangerous but mission complete! But it beat the alternative!
I understand what your saying and diffently not questioning it. Just making sure I understand it. This is what poor DA had to go through with me on charting, bless his little heart. I am a deep thinker sometimes.
Tankers - clb had great volume coming in at the eod. Looking at the math the 105 are paying 0.29 on a 2.10 buy. At that rate it would need a 7.24 dollar move to double which means we need 108+. Now the 110 are a little more interesting but more risk to it. At 0.87 cost they are paying 0.246 per dollar or we need a 3.50 move but the risk is they dont move much until we clear the 105 range.
GM LB - to see if the cci gives ME anymore of an advantage I marked when it tells me when to buy lines with green (crossing above the -100) and blue (crossing the 0 line). I understand that sometimes certain technicals work better for certain people. Like the inverse macd for works great for me but others may be getting the same signals from another indicator thus not needing the inverse macd.
Am I to assume I buy on the green lines and the play is extended on the blue. Again I am not questioning the cci, I just really really dont understand it yet.
appl up 3 dollars so far in pm.
good morning board!
trying to get it setup just like yours with the 10 20 and HL line.
how do i get the 10 and 20 on the chart?
I only use tech that can be used on all time frames. If they dont they I dont use them because I use so many different time tables. You mentioned that so that is what caught my eye.
It like the inverse macd and macd, with the right setup it pays for itself.
Yes I did see that in one of your post because I saved it. I want to review it tomorrow. so yes.
Not on this post but saw the bidu chart. I going to have to explore this because there so many of you guys using it. Dang thought I was done with new chart stuff.
Just how I had it planned. lol
Come on mr. drys. Come to pappa.
That is what we want to here! You been a sunshine of hope today. lol
I love the adx which is funny because I hated it a year ago. FASTONE on bagmans uses it to it fullest potential. Great guy and loves talking about how he uses it. Telling crazy breakout sent you but just make sure you come back..
I use it in a simple form. Green on top means buyers have control adx line curling off the top or bottom for market reversals. Put on the bottom of macd you can use them for great pinch plays.
The ppo I only use it for charger kisses and to slow the sto down.
My favorite now is the inverse macd. Crazy as it seems I love it and thank to DA for his help on setting it up. I get several different market pinch plays and it helps me time put entries a lot better
Very nice post madrose and welcome to our board.
Always like news to help a cause.
Have you been over to bagmans board where my mentor and former board partner are? Try stockcharts
http://stockcharts.com/school/doku.php?id=chart_school
http://investorshub.advfn.com/Bagmans-charts-watchlists-scans-and-etc-8253/
Not yet but it help me reposition. lol
Release the hounds.
Seriously great call on the bottom bounce point! Got to give esva his props here!
Dont stop shakin what your mama gave you! Dance boy dance.
Oh dude now that just hurts. lol I am your grasshopper now!
everyone start doing you appl bounce dance.
It your job to make sure that the turn happens. Buy buy buy and help a friend today. lol kidding.