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Sell to open 20 Nov APA 60 Calls @3.97 Sell to open 15 Nov APA 60 Calls @4.12 APA has shifted balance. Daily chart is suggesting a lower low. Waiting to see how APA pans out! Going to bed!:) Will give details on what happened to this trade.

Adjustment! I just sold 20 of APA Nov 60 Calls @3.97. Will seek to adjust again by noon.

[/color]I quite agree that news drive the traders, which in turn drive the market.

I do get your point. See, I've always maintained that certain things happen in this world with no plausible explanation; such is the rationale behind Technical Analysis. Before Sept 11th, 2001, SP500, DOW, NASDAQ were all headed SOUTH, so I was bearish but when Osama Bin Hiding and his...

I catch your drift!

There's always a trade for another day! I hope it climbs to $72/share!

Still manageable. Let's wait and see how it pans out!

Thanks for your input! I'm fine as long as the trade remains in ITM terrritory! I have my eyes on the trade while searching for other trading opportunities!

APA Nov 65 Call Filled price: $3.00 # contracts: 40 Delta: 0.703 Expectation: A sharp rise to $69, then $70+

Thanks so much. Now I'm going to hit the ignore button!

Please we need help moderating this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=56457&perpage=40&pagenumber=1 Please help!

Uninvited_guest, you sound rather infantile but I will oblige you some information.... I've been trading for a living since 1996; switched to Equity Options in 1997; have made over $1.8M in options (mostly on the buying side). Fear/greed is applicable to those who are locked in "rat-race"...

You're dead wrong! Keep in mind that I intend to reach 100K by December ending, that alone should put me under pressure. But wait tilll I generate 20K between now and next week Friday, then come back and run your commentary!

Scared off? How many trades have you put on within the last 2months?

Why can't some traders exercise patience? Why the urge and desperation to trade? To those who are asking for trades: be patient!

I'm here!:)

I agree with your other recommedations but disagree on HD! It is dangerous buying Nov 40 Put and selling Nov 42.50 Call, but you might be right provided you have some insiders' information.

Please don't quit your job for trading until you have generated profits in excess of $250,000!

The difference though is that this thread was precipitated by an argument between me and some other forumites (non-investment forum) who don't believe in technical analysis. People will always react negatively when intention is misunderstood, albeit their expectations/anticipation may be...

I'm watching NIHD!