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JRCC risk graph of both position.

This is an overview and break down of what happened in the past two months since this account was opened. Initial deposit = $8000 Net Increase in value = $8782.78 Commission paid to TOS = $732.20 Final balance as of 6/22/2008 = $16,052.14 I manage to double this account using my plan...

JRCC: just sold 10 july 80,60 put vertical right before the final bell @14.00. I wanted to add something to this but I couldnt edit the original post. break even price is 66.25. planning to sell back the 60 put when the underlying is above 68-70 this is to offset the rapid decay on the long...

gobar, I never held a naked call on JRCC, I think you were mistaken by my final holding of 10 jun 55 naked put from my Jun 55,50 vertical put position after I sold off the 50 put. check the picture below if you didn't read thru my posts above. I try to never go against the trend and a naked...

JRCC: just sold 10 july 80,60 put vertical right before the final bell @14.00.

peak6 is taking over the world and you are the result..:p

well JRCC pulled back delay by 1 day but I expected it. I closed the 50 put for .2 I am only holding the 55 basically naked. I am anticipating a consolidation to 55 tomorrow from the close of 56.25 today. It will be exp Friday tomorrow and volatility could drive it down to 53 but I don't think...

if my projection is even half right I think it will hit 80 by july exp. but keep a eye on the coal spot price next week. If it increase you can be sure the sector will keep moving up.

JRCC add a shade under $5 today and sit at 59.50. My vert is well in the money and I'll try to close it out late tomorrow or let it exp. I don't see a top for it yet so I'll probably try to roll in on Monday or so. My outlook for next month will be getting back in MYGN before the phase III...

I think he would be selling call to finance his put all the way down. This is a doomdays scenerio that's never going to happen if the person doesn't over leverage with naked options. You can always repair and come out a small loser.

Well its pass mid-day and JRCC is still up 3+ point with heavy volume. My 55,50 vertical is now way in the money. I closed the 45,40 vertical @.2. The only way this stock lose steam is when the coal spot price goes down or flatline and it doesn't look like this is going to happen anytime soon...

you are a little late on the uptick rule. about a year ago uptick went bye bye.

Good timing on my part getting out early on ELN this morning the stock closed at 30 and possibly higher tomorrow. That would have been a lost on the strangle. I follow my plan here, closed out a position as soon as what you expect to see is what you expected or not. Never wait for it to come...

I already have this bookmarked for a few months, thanks anyway. I been watching the coal producers since Feb., JRCC was/is lucky becausee most of their future production haven't been hedge and are selling forward month at these inflated prices coal prices. Even if spot goes down, they are still...

if you dont follow coal spot prices then you are going to get hurt if you short JRCC.

cdowis forgot to add when swing trading options you need to be patience. If you do all your research then let the position move your way. very thing else what he said.

sold 10 jun 55,50@1.90 vertical, this is a pure momentum play.

ELN came out with mixed news today the stock move up a little at around 28. bought back my strangle @1.00. no point keeping it when I can lose money with 3 days left. profit after coms is $100, way better then losing!!! JRCC is still very bullish the coal spot prices are still going up. it...

If you don't understand hedging different option position I suggest you do a little research on option, synthetics position, delta neutral position. I love to type it out for you but the info you need is easily available online, just google them. xflat gave a very good description of how MM...

if a firm have unlimited capital then it is possible to dominate but that's not going to happen. Without unlimited capital you can never fully hedge even if they sell/buy in milliseconds. It only take 1 surprise news event to blow out a position.