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I feel more comfortable with Single Options if I pay a bit more to get as high as Delta as I can, with at least 3 months of time for the Underlying to work things out. The price limit is 2% of Equity per Option, as a loss control measure. My reading of the chart/price action, along with the...

I like that kind of talk. :D

GLD waiting to see what Bernanke has to say on Friday? :cool:

Added to my SLV position today. Currently holding November 30.5, December 28, December 30, and March 30 Calls. Now it's time to sit back and see if the Breakout/Rally has some legs...

"The bottom line is silver is now quite undervalued relative to gold. It has been losing ground compared to its primary driver for over a year now following a massive mini-mania spike. But the selling in recent months has been excessive, driving silver too low relative to prevailing gold...

This is interesting. Where did you find that 40% figure? I would think it'd be higher than that, since one can let the Trend do the work over longer periods of time. :confused:

Those pastel charts are wild! Have to get used to them. :cool: I've done my share of Swing Trading with stocks, and Day Trading with Mini Futures in the past. But that's all too stressful for me now (in my 61st Orbit around the Sun), so these days I'm only doing 2-10 month trades via Single...

I agree with FoN about weekly charts. I find them much more useful for seeing Trends, Support & Resistance Levels, Topping Formations, etc. The $SPX touched a New High this week for the current 41 month Cyclical Bull Market (1426.68 vs. 1422.38). So until the Higher Low of 1266.74 is taken...

If you see 2795.35 as the Head, where do you see the 1st shoulder? I was seeing the 2795.35 peak as possibly the 1st Shoulder, and where we are now as the beginning of the Head, which would go higher, etc. But if this Bull continues, 2795.35 is the higher high and 2443.92 is the higher low...

Before it pops you can make money on the way up too. It's all a matter of timing and recognizing a topping pattern. Such a top, after a 41 month Cyclical Bull Market (within a 17 year Secular Bear Market, etc.), won't turn on a dime, it will take many weeks to develop. Has a "Head &...

Anyone have an opinion on this book? Is it for fund managers, prop traders, PhD finance people only - or could a retail trader get something out of it? Thanks in advance. :)...

IMO: Traders and Fund Managers buy shares of AAPL for all different technical and fundamental reasons, plus "fusions" of both, along with other emotional and quantitative factors thrown in. But there's no need to try and guess, or to figure any of that out. For whatever reasons, AAPL is in a...

Single Calls are too EXPENSIVE for me! But Bull Put Spreads are reasonable enough.... :D

You don't see upward movement (rallies) and then sideways movement (consolidations) on that chart? The pattern seems pretty clear to me. No one "knows" what AAPL will do next. I NEVER predict future prices (like a lot of people on ET do), because I think it's impossible. If you get...

Totally :cool:

AAPL consolidating in the 650-675 zone, after a nice 19% rally to New Highs. Looking good. :cool:

$DXY is up a bit and SLV hasn't fallen back. Very solid. Added-on to my SLV position with a November 30.5 Call. :cool:

Thanks for all these ideas. I'll need some time to study them, plus the stuff I downloaded yesterday, but will be giving Butterfly Spreads and Backspreads a try for sure. Will keep you posted. :)

So the probability of the price being above the Red Line (1 Standard Deviation), at about 170, in 30 days is 100.00-68.269 = 31.731%? So a 1 out of 3 chance of making 170 in 30 days?

Uhhhhh.... what answer do you come up with this way? :D