Search results

Same trade as yesterday. Quick outs look for 40-50 cents long and 30-40 cents short. Newer traders in the confidence-building stage can trade a range break with 100-200 shares and risk very little while being in a trade. Nothing brings it all together as well as a realtime trade. I'd rather...

Daytrade range break AEOS - American Eagle Outfitters Empirically decent average daily ranges relative to today's opening range. Nice local landmarks on which to base the entry/exit decisions.

Gutsy move Jorge. Very nice, and good luck.

As often will happen with lower avg volume stocks a break from consolidation occurs via gap. So you turn the page and move on to the next opportunity.

Dead on accurate post top to bottom. Some might argue about the cash posted as it is usually stated as 26 billion, but that is cash on hand. GM has another 14-16 billion in readily marketable securities, so using the number 40 is accurate. As for dividend stability, several years back the...

Glad you're back Samson'.

ZEUS - Olympic Steel: One of many millers and processors who have experienced the selloff of late. This stock holds, imo, two opportunities. It's present inside narrow range day candle offers a daytrade. Longer term, the RSI divergence, low P/E, excellent forward guidance make investment...

As a former moderator, I can appreciate av's sentiment. I doubt he is referring to your unique calls 'bird; rather I suppose he is commenting more on the threads that say the same thing essentially, ie., Dow looks toppy, Dow peaking?, Dow about to crash, We're going down from here, etc etc...

Not profits volente'... insight! Sheesh. :) Closed all JCP May 50 Calls +.10. It's beautiful outside, my daughter is home from school, my new wakeboard came today, I don't feel like working anymore and the JCP's were the only trade on my screen that warranted attention. Good luck...

Posts like yours are what this journal is for volente'. I have no doubt that there are many traders out there who are "looking over your shoulder" and thankful that someone is posting live YM trades. Btw, nice work today. Nothing like making money on Friday to set up a good weekend.

Shorted more JCP May 50 Calls @ 1.00

This journal is exactly what it was intended to be, a place to post a trade that you're taking and others might want to take. That it is on a thread allows post-market review for those who are interested in learning. Good luck selecto.

A bigger position in the 50's would have been the way to go, just as you suggested, Maestro.

Closed the JCP May 47.50 Calls @ 1.25 around lunch or so for a .45 profit. Still holding the naked 50's and the covered 45's.

You're right about most companies Aaron. GM tends to make the declaration 1-2 weeks prior to ex-div. Not only that, but rarely does it show up under the news or headlines. Lol, this time, whatever it does will show up. Those guys can't order lunch without someone reporting it lately.

Lol, sorry Maestro. :) But I like your idea. I don't mind tying up capital for good yield, so I'm thinking through your strategy. Smell the wood burning?

I don't think you are trying to undermine at all Maestro. I appreciate your time and help. And... stupid me... I neglected to mention that I bought in the shares to cover the 45's at a few cents below 47.50 late last week. That just might have made a difference in your analysis. You think? :eek:

Hey Maestro, I hope all is well with your health. I don't think the trade needs repair. Even if JCP were to hit 50 and I bot in 100% I'd still make money. We're in the filet of the theta curve for May and I'm only 10 cents out on the 45's if the options expired right now. That said, I'd...

Still short calls: JCP May 45 @ .90 JCP May 47.5 @ 1.70 JCP May 50 @ 2.80 Maestro from a "clinch factor" your initial thought about the 50's would have provided more comfort throughout this trade. There is a lot of moving average competition on the hourly and daily chart at the current...

Is there another kind?