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Hi ChrisM, When you said '...other alternatives to protect your position", I supposed you meant buying some cheap puts as insurance? "AFLACK!!" As for SSF, I am still waiting for its maturity, i.e. the volume to pick up. I haven't read nor looked into it, maybe they are trading with...

True! :mad: I should have added that my sentiment toward the market is neutral to weakly bullish. RIMM gaped up from 28 to 35 in one day, I expect some sort of retracement, so long leap now is a bit risky. I dont' like RIMM, so selling put is not preferable in my case. (maybe if...

I'd like to have your comments on this: RIMM : Daily chart shows possible support @ 30.00 RIMM last trade @32.60 Sell 1 Call Sep 30.00 @ 2.90 = +290 -1 comm. = +289.00$ Buy 100 shares RIMM @ 32.57 = -3257 -1 = - 3258.00 $ Cost of investment = -3258 + 289 = -2969.00$ If from...

In my spreadsheet, I want to enter a date in a cell, but I don't want to type in the date each time, instead, I want to have a command button that will pop up a calendar (Calendar Control?) in which I could click on the date. Is there already an Excel Add-in for this, or is there an easy way...

Vega, Thanks for your interest. As mentionned in my first post, in my technical analysis, (as well as a huge open interest in the front month call 20), 20$ seems to be an important resistance for CSCO. If CSCO broke 20, there may be momentum + short cover, which will take it higher...

Hello Dollars, I use the spreadsheet from www.Hoadley.net/ to calculate the greeks and the risk graph. Anyone has other spreadsheet or software to suggest? Thx Cheers!!:)

Thanks for all your replies, very helpful. I just got back to my desk this morning, so didn't have time to look thru' all the suggestions for CSCO. However, last night I looked at SUNW, and notice this morning (11:40) SUNW last trade 4.15 Call Jan 4 = .65 - .70 Call Jan 5 = .30 - .35 If...

Bung, Thanks for the reply. Indeed, 1.45/20 = 7.20% ROI in 5 months, I'll take that anytime. However, this means that I'll have to fork out 2K$ to buy the stock, and no parachute. With the spreads, it would cost only about 200$, and I could use the 1800$ for something else. Cheers!!:)

IMHO, CSCO has an important resistance @ 20. If it managed to break it, I would be bullish on CSCO untill the next minor resistance @ around 21.50-22.00. I am thinking of 2 strategies: (all prices are taken from Bigchart, end of today, calculations are from Hoadley's option spreadsheet)...

Thanks for all your replies. I should have added this in my first post : I took a 2 week end course on Derivatives, given by the Montreal Stock Exchange, therefore I have a basic understanding of the greeks, the spreads, ect... I just wonder if this book is too 'basic' for what I already...

Anyone read Options As a Strategic Investment by L. Mcmillan? Is it good or bad? TIA Cheers!! :)

shhhh.... They haven't made the changes in their software yet ! Cheers!! :D

There is a nicer one for you. C (Citigroup) http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=c&sid=0&o_symb=c&freq=1&time=9 Head and shoulder with lower lows MACD. You may want to wait for the price to break the neck, and short at the last call. You have to be patient...

I am looking at shorting deep ITM put (strike around the next resistance) and buy ITM or ATM put . e.g. CELG paper trade buy put Jan 40 @ 5.40 sell put Jan 45 @ 8.40 credit 3.00 My calculations give me a profile of max 300$ profit vs. 200$ loss per contract vs. buying Jan Call...

I think trading is like fishing, you always have a line in the water, most of the time you get small fish, or even lose your line, but from time to time, you get a big one. I read from a book somewhere, a big trader once said "the fishing is great, but the catching sucks! " Cheers!! :)

I know that comparing to being long on call, bullish credit spread gives a credit, an 'insurance' in case the underlyer goes down (at the same token limiting the profit), less sensitive to price, time and volatility. A good spread should give 63/35 profit/loss. Are there anything else I missed...

Norton AV could detect infected files in the following circumstances: If you used WinMX, Kazaa, or the like to download music, movies, files. Some website (mostly porn :D ) could also send you virus (I think via Active X, Java.....). After understanding antivirus and firewall, you...

Norton Antivirus would tell you if the attachment of the email contains a virus or not. Just a reminder for all who haven't heard from the news yet, there is a new worm spreading around, it doesn't need to be 'openned' to infect your computer...

:D Cathy, stop sniffing the hot wax, or nail polish... or whatever you use at work!! :D Cheers !! :p

Vega, Just FYI... AMGN having good earning last nite, I was bullish. AMGN was up before open, and began to go down @ open. I figured that the MM are pulling the stock down before buying... so I sold my put around 9:45AM @ 2.20 when AMGN was around 69.50... little did I know ..:(...