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  1. J

    How Much Powder Do You Keep Dry?

    First of all..you should have a plan for the entry, and exit, along with projected P/L before you enter any trade. And then do not change it. I know it is hard to fight the voices in your head. That "Committee" of "Me" and "Myself", always gets "I" in trouble when I listen to them. When I have...
  2. J

    GOOG today

    Let me re-phrase that... It will probably go higher (than where it is at now) to complete the second shoulder, or continue to make new highs. Either way...the chart looks like it is winding up like a spring and ready to do something. The last gap looks like a very good support. Previous...
  3. J

    NFLD... LEAP Covered Call Play

    Yes it is...and that is the only thing making the options worth anything for trading. I have been looking for HIGH IV stocks just for short term plays. I really do not care if the company is a good one that will be around forever or not. Just as long as it is around a couple weeks for the next...
  4. J

    NFLD... LEAP Covered Call Play

    I guess they must have said someting good at the Conference. Good buying coming in today. That just makes my Bull Put spread look a little bit better.:)
  5. J

    GOOG today

    It is setting up for a classic head and shoulder pattern. Probably test or make a new high sometime soon to complete the shoulder. So far in the past GOOG has not gone back and filled in any gaps, with exception to one very large spike up in April 06. That gap around 460 will be the next...
  6. J

    Leading Indicators

    I have always liked to use the CCI (14). It has been a good indicator of when the price is in an over bought or over sold condition. I will look for any reading outside the +200 or -200 as a point for a turn around. If you look back at a daily chart you will see the CCI turns just before the...
  7. J

    GOOG today

    Looking at the CCI indicator it looks like GOOGLE is winding up for a nice move up pretty soon. (Tight range for this stock) CCI has penetrated below the Zero line and looks like it turning back up. The Chart also has a nice Head and Shoulder pattern forming, with the right shoulder starting...
  8. J

    NFLD... LEAP Covered Call Play

    Looks like the conference was a NON-EVENT for the stock. Only down .08 from the previous close on Tuesday. Had a lot of movement, but it came back to where it started the day. Nine more days....then I don't care where it goes.
  9. J

    NFLD... LEAP Covered Call Play

    Nice run up today. $16.14 for the high. No news on the stock can be found. It looks like it shrugged off the SELL recommendation that coincidentally can out right after it made it 52 week high of 16.36 last week.
  10. J

    NFLD... LEAP Covered Call Play

    Probably not...it looks like it is just a conference with it's peers, not the stock owners conference. Anyway...all I care about this stock is that it stays above $10 for the next 9 days. After that re-evaluate what the next target will be. If it holds up it's price, it may be a good play to...
  11. J

    Jimbo's Option Spread Journal

    The breakeven point is an arbitrary number for profit loss at expiration. The actual number should be $10.20, but I set my stop order a little higher. This is the point that I am comfortable up to before bailing out. I get that number from taking the SOLD strike, minus the net credit, minus...
  12. J

    NFLD... LEAP Covered Call Play

    Saw it but it looks like the market is just shrugging off this brokers recommendation...Had a nice jump in buying yesterday...may be the short squeeze..dont know. I do not plan on owning this stock for long...just 2 weeks is all I care about for now.
  13. J

    NFLD... LEAP Covered Call Play

    OOOPs... Sorry, that was the credit I received.. The price that I sold them were .85 x 25 contracts.
  14. J

    Jimbo's Option Spread Journal

    Optionsxpress allow you to set a "Contengent Order". I have a standing order to have the 25 short puts bought back if the NFLD stock price hits my breakeven point. It may not be exactly breakeven..maybe a little above it...but it's close and I'm comfortable with it at that level.
  15. J

    NFLD... LEAP Covered Call Play

    Enterd a Bull put Credit spread today on this. Premiums are there for the taking after a nice bounce in the stock. BTO 25 DEC 5 puts @ .3 and then STO 25 DEC 10 puts @ $2,125. 16 days till exp. The LEAP Calander Spread was tempting, but I did not see much movement in the Jan LEAP when the...
  16. J

    Jimbo's Option Spread Journal

    Here we go for the December Expiration period... Today I entered another Bull put Credit Spread. NFLD. Currently trading at 14.80. BTO 25 DEC 5 puts @ .30 (debit $750) STO 25 DEC 10 puts @ .85 (credit $2,125) Total comm of $75. Total net credit at expiration would be $1,300 after...
  17. J

    ID theft from spyware - does IB and other brokers do anything to prevent this?

    Very simple, people...... Your computer is your responsibility..not any broker. If you want to trade as a REAL business you need to act like it. Install a current anti-virus software. (Scan your machine before the market opens.) Have a Firewall installed, and I'm not talking the Window...
  18. J

    Can you believe this guy?

    After such a long Bull run in the market, people are waiting for any negitive sign to sell and lock in profits early. This market will be more skitish than ever untill the end of the year.
  19. J

    Rookie Credit Spread Questions

    Try the SPX, NDX, RUT and GOOG for good credit spreads. You can get far enough OTM for safety and still get a decent premium out of the spread. Also as mentioned above... I usually will enter each leg separately to get the best prices.
  20. J

    NFLD... LEAP Covered Call Play

    spiking up to $16.00 today... Can find any news that would be driving this.
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