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New Swing Trade Options watch list:
Here is my new watch list...these are not for day trade but for holding for several days/weeks....
http://stockcharts.com/public/1662759
Good luck out there
Umm....don't you mean massive buying.
I don't know about HD but I have been playing NOV for months...IMO it will break out to new highs shortly...just beware that they have ER right after oct OPEX....I would play accordingly.
So, if you owned 150 shares, you could only sell one contract right?
And you can sell weekly calls.....not just monthlies? So if all went well you could have a weekly income from it?
Ok....thanks for the info
Quick question.....
If the option price increases, does the amount you get increase, or are you locked into what you sold the covered call for?
If you are going to play BPAX you should play TEVA also....they are basically connected at the hip.
ANF downgraded to sell at citigroup. After the big run up yesterday before the close is it time for puts?
I don't have one.....was watching it on CNBC.
Ummmm....you don't know....Zuckerburg talking on CNBC....gave big props to ZNGA.
New Watch List Posted...
http://www.stockcharts.com/public/1662759/
Play at your own Risk...These are swing trades meant to be held for 1-3 weeks..
GLTA
New Watch List Posted...
http://www.stockcharts.com/public/1662759/
Play at your own Risk...These are swing trades meant to be held for 1-3 weeks..
GLTA
Thanks a lot for the information.
Hey retired.... Do you know whats up with VOD... It games down every single morning... Down below 27 this morning... Can't find any news.. I own the stock, not the options
I said if SKUL reached $16.35 it would be a good buy to $17.50....nice
The chart looks good...i would wait and see if it can break through $16.33. If it does it looks like smooth sailing to $17.50..but I would wait till at least $16.35 to pull the trigger. jMHO
So if the ATR is at .40 it has a trading swing of about $.40 from low to high ?
How do you use ATR....what does it tell you? I added it to a chart and it is just a line .......what do you read from it?
Here is a link to my current open option positions...
http://twitter.com/StockZombie74/status/240131066696957952/photo/1/large
I meant to say I don't use intraday charts.....not I don't use daily charts....sorry
I may be weird but I only use monthly and yearly charts showing daily, weekly, and monthly intervals..I don't really use daily charts because I am looking for longer term setups....yes IMO stockcharts.com is the best.
What do you look for to setup your trades? I look for several things, and not all together...I look for the ADX(14) to be above 20 and the +DI to be in top of the -DI (I prefer to catch them as it makes the cross), I look for stocks where the slow sto(2) is below 21 but higher than 18 because in most cases they will go north, I look for a 50/200MA cross over which will signal a longer term uptrend usually, try to find stocks where the SCTR is above 90 no matter what indicators I use..I also like stocks that are trading above the 250EMA. You?
Yeah...I am...have been making pretty good money trading long term holds on MRK, VZ, VLO, NOV, and DVN...I don't day trade...I usually by forward month one strike up calls and hold them sometimes for up to a month...tried day trading and it was not for me...making better money this way.
I use stockcharts.com and I have some custom screens that I use to find my setups...I think finziv is great for some things but don't like it for stock screening.
I'm also watching BWP...was watching it today...I am also in VLO, NOV, and DVN...up big on VLO and NOV, only up a little on DVN because I am in the September 60 calls since last week..
Never ever buy options at the market open....they always pull back around 0945 and you would get them cheaper than you did at the open....I never buy options before 1000am.
Stocktwits is showing GOOG at $108.08 PM... This has to be a mistake.
I am not a day trader...most of my trades are designed to be held 1-3 weeks....anyone on this board that has been here for a while or is in the daily OM chat knows I have made pretty good money this year with longer hold swing trades....I use stockcharts.com for most of my scanning....this is one that has worked well for me....it basically looks for an ADX(14) +/- DI crossover and the ADX(14) is above 20 and the MACD Is greater than 0 and PSAR is heading north....here is the forumula in stockcharts....
[type = stock] and [daily sma(20,daily volume) > 500000]
and [Plus DI (14) > Minus DI(14)]
and [ADX Line (14) > 20.0]
and [MACD Signal (12,26,9) > 0.0]
and [Parabolic SAR (0.02,0.2) < low]
Hope this helps and this is JMHO
I find your posts interesting but extremely hard to comprehend most of the time....almost like they are cryptic...
I used stockfetcher.com and used the forumula that you have shared here.....when I did a backtest on it it yielded an 80% win ratio....much lower than you claimed....sorry....I don't have private messaging to reply to you so I am doing it here
Using this formula and doing a backtest on it yields 44% wins and 56% losses.....why would anyone want to use this?
Hope your not short.... I see this going to 30 here shortly
Nice chart just be careful for any long term hold because the ADX(14) is above 40 and that's when people start taking profits....JMHO.
Now now Alan.... Lets keep it clean... No talk of getting naked on here..
I do options.... I only care about today.
Woohoo MRK beats on eps and revs
Does anyone have calls/puts they are holding into ER tomorrow morning?
I want trying to be rude.... I watch your trades.... Entry and exits... Did not notice the one for AAPL and wondering what you did.... Sorry if I offended you.
I hope you got that AAPL short at 568 covered you did yesterday AH