Search results

You are right! I'm just finding that out! They may/may-not be related! There's one Phil Benneth who is related to Ned Benneth.

Can I show you something? Check this out...:) I'll rather not trade than getting myself into something I'm not sure of!:p Enjoy yourself!

Wish I could develop a software to scan the stock market for weekly and intraday charts using my parameters. But since I can't do that yet, I resort to searching for potential trades manually. Time constraint is my greatest challenge!

Yes! I do credit spread for stocks like EBAY, IBM and other volatile stocks with high IV. My last credit spread was INTC (2002) that netted me 15K. Check this out...

I actually prefer 60days out to create room for adjustment, but I do overstep my bounds once in a while. Can any trader predict Implied or Historical volatility? I think it's much easier to predict price movement than bothering with IV/HV. What do you think?

screenshot of order...

Yeah! The risk is there, but the skill is also there! So it's skill vs risk! :)

I'm out. Position closed at $3.20/contract for $4,000 profits. I will post new trades......

My order is in to sell $3.20.... I will update!

Actually, I've resolved to take profits today should PEET hit $33/share. I will update if/when I bail out.

Yes! Based on the technical outlook, this stock could fly up to 34, then 36. I'm keeping a close tab on it. There's the urge to bail out but that would violate the 7-day rule. The stock is shooting up with the possibility of over $2 gain; but then, the option expires this week. You may bail...

I trade in the direction of the long term trend, preferably weekly chart!

It's another week.... Wishing myself a profitable week:cool:

Aptly put! Sharing with others trading rules or secrets is no guarantee for automatic success. It takes discipline and other human elements to succeed.

Nothing is sure until market opens; think of gaps.

Oh...OptionsXpress sent email to their customers in August 2003 asking them to sign up for Bernie's newsletter/auto-trading services. It was explicitly stated in the email that Bernie was/is a stakeholder.

It is dangerous placing orders to buy/sell options before market opens!

Phil knows next to nothing on Options. He was/is saddled with the moderation of OX message board, he does nothing but to censor any bashing of Bernie Schaeffer. Bernie Schaeffer is a stakeholder in OptionsXpress.:)

Yes! They are related! Ned is a senior brother to Phil. I recall chit-chatting with Phil when OX was branching out of Chicago..... Any particular reason for asking? Ned Benneth, Ben Morof, and other OX officials used to be nice guys back in 2000/2001, but shortly after I gave them their...

I have different rules for different chart-time frame.