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I haven't finished reading all the posts yet but this caught my attention. If this is the essence of your strategy why are you using options and not just buying the stock? If you are simply making a directional trade why are you muddying the water by using options especially if you are talking...

Funny you mentioned this as I just got finished doing some homework for next week and I'm hard pressed to find any bullish setups. Out of about 250 stocks I follow it's like 8 out of 10 are showing bearish type patterns on a daily basis. This has happened a few times over the last year and has...

I guess that's why they call them lottery tickets.

just bought another 95 put for just .50 what a deal!

Bingo when the stars align and you see the fast interact with the slow and you get one of these duhhhh setups you better pile on because it will make your month if it works.

covered at .40 :( I still have my 95 puts so there is always tomorrow.

Why can't I ever get to experience instant gratification just once. Maybe I need to call a whore.

This is one of the top 10 greatest things I've ever read on ET.

preemptive strike at .60 stop at .88

You all realize that by 3pm est we will be at 96.75. One more sniff below .40 and I'm dropping the hammer.

This topic comes up on here often but it is always interesting. As far as trading goes it seems like the important aspect is time's affect on memory, and I guess you could say the weight of positive and negative experiences. Because our memory lies to us about what really happened it is that...

sold 1 of the 95 puts at 1.22 only holding 2 over the weekend. Why pay the theta:p

bought another one at for 1.10 on this bounce

This area might be a measured move target for longer term shorts. This chart looks like utter death a H&s inside an H&S. But in the medium term we might get a bounce to around .92 to form what might be a right shoulder. Seems like a low risk long shot since it will be obvious when the trade...

Classic example of being under exposed to such an obvious pattern. I want to sell 1 when underlying front month is at 96 and the other at 95.50.

bought a 95 put @ .81 I'll only add to it if we get to 102 or below 97.20.

It might be uncomfortable but why not use 3 initially unload two at the initial target and then hold the one with the original stop for a 2nd target. Are you spreading your stops out as well or do you exit both at one stop? With 3 contracts you'll be damn sure to be patient with your entries...

This has taken forever. I didn't end up selling the 98 call until this morning for a whopping 2.24 and now I'm thinking about buying it back because we should drift up a little as we form the right shoulder on this hourly h&s top we a making. Now that I think about it it seems like it...

Holy shit Api showing another huge draw of 7.5 mil. But Gasoline had a 6.3 mil build and dists had a 1.2 mil build. So i guess it isn't has bullish as it seems at 1st glance but either way looks like we are headed towards 102. Which means I lose :(

If I was a daytrader i would be getting short here at .40ish and stop and reverse above .60