Replies to post #48167 on GoodFellas Big Board Catalyst and Chart Plays

[SamsaricSufferer]

Thank you. I saved that post in my keep bin. I will start looking at them now. Trying to get a feel for them. Do you use charts of the common to help you? If so what time period do you use, 10 min?

[SamsaricSufferer]

X, I am researching weeklies now. I will paper trade them as you suggested for a while. I do have a few questions. How do you set your strike price? I don't mean the direction. I know you have already determined where you think it is going by the chart. What I mean is how far OTM do you buy? I know you have to play close to the money strikes because of OPEX but how close? Do you use percentage of price or historical volatility or chart patterns (Bollies, ect) or some combination?