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In EBAY calls at the close yesterday @ .95
Out this morning @ 1.35
42% gain
Serf,
EBAY - I agree. Bot APR 32.50 calls today @ .95
Blasher I hear you! My DELL position turned into a disaster. Made 35% on the puts, but lost 45% on the calls. So total was a 10% loss.
I just need to be more patient.
Blasher,
You have a long time until April expiration. Do you think the chances are pretty good that the market will fall again between now and then?
Wow, ANF down another $4 since I sold my Puts. Sold way too early!
Dell seems strong, so I decided to play both sides until the direction is clear.
DELL 22.50 APR Calls @ 1.45
DELL 22.50 APR Puts @ .60
Dell seems strong, so I decided to play both sides until the direction is clear.
DELL 22.50 APR Calls @ 1.45
DELL 22.50 APR Puts @ .60
DELL 22.50 APR Puts @ .60
DELL 22.50 APR Puts @ .60
Way under water with IBM calls.
Made 65% with ANF puts.
Looks like it will be a wash for me unless IBM gets a BIG bounce, LOL.
ANF - out with 65%
I still think it's heading down, but may be able to buy back Puts a little lower if it bounces.
Hey, IBM is only down another 2+ today. I think it's starting it's comeback,
(wink, wink) LOL
Blasher,
IBM : yep we'll see
I should have bought puts on it this morning to hedge. It definately wasn't doing what I expected, so "it's going to do the opposite in an exaggerated manner."
If it doesn't come back, I'll chalk it up to market tuition. i have to make a payment from time to time, lol.
Out of my JAN 08 Puts for 17%
Still holding IBM Calls - getting whacked, lol
Still holding ANF Puts
very nice, are you still holding MOT? Stronger than most today.
may get my head handed to me, but I bought IBM 100 MAR Calls @ .30
Home with a sick daughter today :(
Magic Box coming?
Ken I look forward to it !
Nope Ken, I got scared out and only made 6%. Coulda, woulda, shoulda made about 100% today
ANF APR 70 Puts @ .65
Blasher I know you are the ANF expert around here. They didn't give good guidance last night.
SLB 65 MAR Calls @ .75
Got scared out this morning @ .80 = 6%
Oh well.
SLB 65 MAR Calls @ .75
Got scared out this morning @ .80 = 6%
Oh well.
Thanks wonderbuy, I'll check it out
SLB 65 MAR Calls @ .75
SLB 65 MAR Calls @ .75
wonderbuy,
Thanks for pointing that out. Good thing i haven't traded off of it. Was just watching.
Nice job! EOM
Ken,
I thinkthe 5/10 MA would be too whippy for me, since I can't watch the screen all day. I haven't traded the 34/65 MA yet, just watching and keeping notes for now. But it looks like you could buy at the turn, set a stop and not have to think about it. If the stock keeps going in your direction the next day, just raise your stop until it turns again....and then play the reversal direction. Here are both MAs on a COST chart someone asked about earlier to see the difference.
hermutt,
Thought you might be interested
http://www.investorshub.com/boards/read_msg.asp?message_id=17116710
If your CNE drops below 12, I think I would buy Puts to hedge the Calls.
What do you guys think about this idea. Trade options on the 34/65 MA cross overs on a 15 min chart.
It's not perfect, but if you were disciplined and sold/bought your option with the cross, you would come out way ahead. It would eliminate the green eyed monster (GREED) that sneaks up on me. It would also take ME and MY THOUGHTS out of the equation. No matter how right I think I am, the market DOESN'T CARE, LOL.... and I shouldn't be concerned about what the market is doing, just follow it.
Even if you just set a .10 sell on each turn of the QQQQ you would have made a guaranteed minimum of .70 over the last month. I'm sure you would do far better with individual stocks especially if you were able to watch this chart all day.
Here are some examples.
Revised post a little Blasher, look again at WAG example
Edrauch and Blasher,
Let me encourage you that you have A LOT of time before March expiration. I think you will be okay. It should atleast start hitting resistence around 45.10.
But instead of adding to a losing position, how about buying calls as a hedge. you know I often hold both Calls and Puts at the same time and sell the one I have a profit in.
Ofcourse this is easy for me to say since I am in cash. I just hate trading the days the FED meets -- too unpredictable for me.
Someone much smarter than I has recently told me: If the stock you are looking to buy is not doing what you *think* it should, it will do the opposite in an EXAGERATED manner.
I was looking to buy longer term Puts in WAG if it closed below 44.50. But it wasn't falling. It went up today over $1.00. When it didn't fall, it did the opposite in an EXAGERATED manner.
This has helped me to think in a different way as I am looking at charts. I think this is what we are all seeing with the QQQQ.
Okay Ken, I will. Thanks. What are the % I would track when the stock started dropping to play the downside? Is this what you used to see the AAPL drop awhile back?
Out with a loss. That was a dumb trade. Right idea but very wrong timeframe during expiration week.
Bought WAG 45 Feb Puts @ .35
Put in sell order @ .45
We'll see what happens
S2 - Thanks for the info. The SBUX caught my eye because I came across this system on stockcharts over the week. SBUX kinda fit the criteria, but not 100% yet.
System: Trade the Trix at BBand or Trade MACD in between.
So far it seems to me that once the price goes outside the BBand and crosses back in the BBand the stock makes about $1.00 move in that direction.
here are a few charts for your consideration. Let me know your thoughts when you have time to review.
S2,
What are you seeing to recommend these? Just trying to learn.
Thanks for your help.
Sorry it was a typo on my part. I apologize. They were the MAR 45 Puts.
Out of Mar Puts @ 1.51 = 16%
Anyone else trading today?