Friday, June 21, 2002 1:54:17 AM
FLEX looks interesting!
It is in a downtrend here but if the market ever bottoms and reverses it looks like it would be a good candidate for a rebound. The pricing on the FLEX options looks a little high right now, but most everything does to me <GG>. Most All of the Put prices are High right now as Everyone anticipates further Down. The RAD Calls were good because everyone was anticipating more Down. The EXTR Puts were good because it was looking like it was recovering Up from a bottom but was actually still heading Down. Finding the stocks that are at a reversal point but have not moved yet are the Best for the Options trades IMO. Or stocks that appear to be bottomed but have not, maybe like FLEX? The July 7.50 Puts trading at 75 cents seems High unless we get the Nassacre. Another Good indicator IMO for an Options trade is watching for the Slow Stochastic crossovers. When the stochastic was high on FLEX and it was just under $10 it looks like a $10 or $7.50 Put would have been very profitable. The 10SMA also became resistance and sent the stock Down. You can see from the chart that the MAs and stochastic showed some Great option setups on FLEX. Any sign that this one might be bottomed? I am cautious to buy any Calls on anything until after we get past the Nassacre and July 4th scares though.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
It is in a downtrend here but if the market ever bottoms and reverses it looks like it would be a good candidate for a rebound. The pricing on the FLEX options looks a little high right now, but most everything does to me <GG>. Most All of the Put prices are High right now as Everyone anticipates further Down. The RAD Calls were good because everyone was anticipating more Down. The EXTR Puts were good because it was looking like it was recovering Up from a bottom but was actually still heading Down. Finding the stocks that are at a reversal point but have not moved yet are the Best for the Options trades IMO. Or stocks that appear to be bottomed but have not, maybe like FLEX? The July 7.50 Puts trading at 75 cents seems High unless we get the Nassacre. Another Good indicator IMO for an Options trade is watching for the Slow Stochastic crossovers. When the stochastic was high on FLEX and it was just under $10 it looks like a $10 or $7.50 Put would have been very profitable. The 10SMA also became resistance and sent the stock Down. You can see from the chart that the MAs and stochastic showed some Great option setups on FLEX. Any sign that this one might be bottomed? I am cautious to buy any Calls on anything until after we get past the Nassacre and July 4th scares though.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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