Recent content by rayc99

I guess I am TRADING (rather than holding or smoking) POT! Out again! 1.50 for $480 profit (cum now $690, which is about half the goal to Aug 22). All occurred within 5 days, vs 40 days. I suspect I will be back in POT on a pullback. Everything up today. I am net long, so doing ok. SPY...

Back in POT...re-entered the trade at 2.30 credit. Just missed an entry on INTC, one of my my favs. Right, idea, bad timing. Woulda, coulda, shoulda ....next........ At least the Red Sox will have home field advantage again!

More good stuff. Just, sharing ...... http://f3.sheridanmentoring.com/documents/LaddInterview.pdf

Good comments Mark and Johno. Thanks! Absolutely logical, and I agree. Nonetheless, the psychological battle is the real battle for me. I think that "Position Sizing," without a doubt, is one of the most important decisions when taking a trade; which is what I think you were getting at...

Quick Update on just the trades I posted here (these are actual trades that filled): BAC.Vspr.bullish 6-Jul-09 Open 570 <--P&L (cum) Anticipate positive Friday earnings/may hold into earnings WLT.Vspr.bearish 7-Jul-09 Open 90 <--P&L (cum) Holding/bearish OIH.Vspr.bullish 7-Jul-09...

New trade just filled: POT …. (Bull Put Credit Spread). Filled @ $2.25. (July 10) POT.spr Ticker Time of Data: 2:09:17 PM Friday, July 10, 2009 Key Information: Trade Rationale/Expectation: Price: Based on Chart, and...

Final Thoughts for this evening. I generally and primarily will do a number of Vertical BULLISH PUT CREDIT SPREADS. I also will put on some ICs and Butterfly's. I will offset my long DELTAs, as deemed appropriate, with SPY bearish spreads and/or puts, so as to adjust my portfolio to...

Last one for now: OIH …. (Bull Put Credit Spread). Filled @ $1.00. (July 7) OIH Ticker Key Information: Trade Rationale/Expectation: Price: Based on Chart, and timeframe, I believe the short strike will NOT be...

Another one, just trying to catch up: WLT …. (Bear Put Debit Spread Sep B55/S40). Filled @ $11.90 debit. (July 7)…BEARISH WLT Ticker Key Information: Trade Rationale/Expectation: Price: Based on Chart, and timeframe...

So here is one of my recent trades: BAC …. (Bull Put Credit Spread). Filled @ $0.51. (July 6) BAC Ticker Key Information: Trade Rationale/Expectation: Price: Based on Chart, and timeframe, I believe the short strike...

I wanted to get this thread going. Will post within the next day or so. There was an old thread that disappeared, so let's start a new one. I do lots of vertical option spreads, both bullish and bearish, trying to keep the portfolio balanced. BOT some more SPY PUT SPREADS (bearish)...

Did you mean Feb 09 (instead of April?) on these?