Recent content by Stadtmuller Von Texas

Hi Ironchef, you are absoulately right about trend/direction,I think oil will go up more, but not right away, that is why I don't want any long call options less than Jan 2018. That gives me 18 months to be right about direction. I will also buy DITM with mim. delta of 95, this is almost like...

I now prefer the longer DITM LEAPS with a Delta above 90 that way Theta is not much of a factor. OTM leaps have worked well for me also but I bought most of them in Jan, Feb. March of this year and that was a unique time period that does not come around to often. COBE will be posting 2019 leaps...

I am mostly in cash except for 2018 long calls, hoping for a pullback soon as I would like to buy a large block of BP or RDS/A, before X-day , sell August 19 covered call at about $2.00 OTM, if I don't get called away I will hold thru X-day and collect the dividend, if my stock gets called away...

Hi Danjuma, I like your cautious statement re selling options. Since oil hit bottom in Jan/Feb this year I have been buying both OTM & ITM options on RDS/A & BP . The best performing so far is LEAPS to Jan. 2017. I am looking to move more to LEAPS Jan. 2018. Even though it gives me less...

Put more money on the system that is producing close to 100%. Nothing cures impatience like some good losses. Been there done that. Stadtmuller Von Texas

OOPS--BP closed Fri @ $35.92. Stadtmuller

Mainly long call options, but just with the major oil companies. When I have a good gain I sell & wait for another buy opportunity. If i bought 20,000 shares of BP today it would cost $700,000 @ Fri close of $36.92. I can buy 200 BP contracts & control 20,000 shares for about $110,000 . BP...

I started buying long calls in Feb this year in RDS/A & BP about $5.00 OTM , so far every one of them has been profitable, I continue to sell them when up & try to buy back at a lower price when oil prices fall, about once ever 10 days. I think there is still room for a lot of up direction with...