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Be careful with your ADBE as it is at the local resistance level now ($59.50). there is a chance, of course, for the break out to $60. But I doubt that will happen right away. Cheers.

I don't think he is in any trouble as he covered him self with puts, as I understand.

I think we will be hovering around $58 for a while. Also. I think $60 looks more realistic then $55. We have just got the first confirmation of $58 support. We will see, obviously, there are no sure things on the market. :) :cool:

Good move. What is your target? $60?

Yes, I always do it. I roll up (or down) if I get close to the money. The math is simple: If I collect $ 3- $4 in premiums and each roll over costs me only $0.4 per share (commissions and spreads) then I have money for 4 - 5 roll overs with 1 strike increments. It works pretty reliably. The only...

65 Apr Calls and 55 Apr Puts 100 contracts each.

Thank you, it should be an interesting experiment to watch the ADBE price behavior at this level. I played it by selling a strangle, so $58 support is important to me as it should hold the price in the channel. At least it is my hope. :)

Well, evidently S/R is not your favorite tool these days. I use summation of volume traded multiplied by amount of trades that occurred at certain price levels. If I see a spike (200 - 300% higher bar) on my histogram I consider it to be a significant support (resistance) price level. It has...

Agree, sorry, got carried away. Does "SIGNIFICANT" support sound better? :)

Yes, except an enormous support at $58.

Good idea. We just wrote 65 Apr Calls and 55 Apr Puts (sold a strangle) on our account. premiums are good now! Cheers.

Mat, please be careful as my sentiment indicators for ADBE just shifted slightly positive. Good Luck!

I have been following heilbronner's trades for quite some time now. I am a professional in this business and his performance looks pretty good to me! He has been averaging 10 -12 % a month if I am not mistaken. I don't see too often this kind of performance and consistency. My advise to you...

We have made $1.89 per share on 16,000 shares. I'm out at $59.90 average. :cool:

http://www.marketguidance.com/MIT/course_01/module_03/m03_lesson1_001.html

You are a good person. I wish there would be more "ElectricSavants" on ET :)

They all are paying sponsors of ET. My company does not want to solicit pre paid relationships (we don't want to become whores like all of these other cheap sluts)

That is how I got banned! I cannot discuss our system here, but, I can tell you that we are doing great! You can check the results on our site (which I cannot post). But, you know the site. Cheers, Michael, Happy New Year!

Hey, Mat, just want to wish you Mary Christmas. I've been perfecting the NQ technique that you once taught me. It works pretty nice now. I think I'll be ready soon to include it in our fund portfolio. I hope everything is alright with you. BTW we are short ADBE too (16,000 shares). So, don't pay...