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flipfloper

05/21/14 4:09 PM

#362909 RE: downtimepg #362897

This is what you watch? Yes on a longer term look. but I buy on shorter term(for me is 60 min and sometime 30 min charts)
But the daily charts can take a while to play out? I guess that is why I play longer term Options ,like 4 and 5 weeks out.
But my timing has not been all that good, I guess longer term I do OK and have made good $ on MY Options Call plays,but a lot run down after I play them, maybe I should cover them with a 50% put play? LOL buy 200 calls and 100 puts, then when it runs down on my bad call play I can sell the puts and wait for the calls to pay off LOL

60 min chart: http://stockcharts.com/h-sc/ui?s=JCP&p=60&yr=0&mn=3&dy=21&id=p09016156490&a=351382920