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every so often you gotta be the sucker at the table-- obviously ---- the better play was scaling into Dec 115 PUTS - or even Dec 95/100 PUTS Anything that had an X --- or even a W (i.e. november) --- in front of it ! It never ceases to amaze me how incorrect one can be on...

long MNX XL (mini-NDX Dec 160p) @ 1.25- may add if price dips under 1.00 I am amazed that the NDX has not pulled backed much from today's highs - can't figure those computers out nowadays- the reason for the trade is an unresolved gap from 11/3/2005 and the significant move up over the...

no - it "could" be bullish. I have seen .15 calls go to $2 within 5-7 days - and I'm talking post-bubble days -- but if you look at the prior action on the underlying (i.e. APA) it is "more likely' that this hedge fund or large institutional player was closing his calls. Maybe he only...

so they don't go up a nickle even?

NDX/MNX entered day order buying MNX XL @ 1.20 Dec 160 puts on mini-NDX

its not (totally) out of the question for APA to trade to 70 or prehaps 67.50 -- by next Friday-- it only looks like it is based on recent price action. :eek:eek: But more than likely it was a closing "buy". Do a model and tell us where would those .10-.15 calls go should APA pop up to...

with all due respect why are you defending what you said when someone tries to offer you constructive response? It was very clear to me that you posted what you did by way of showing someone might be bullish on APA at this level and was THEREFOR speculating by buying 1300 Nov 70c @ .10-.15! In...

good point ssternlight - astute observation ! exited at it's 100 day ema - not that this has to be some magical level-- but it is a sensible point to lift the short side IMHO. Also I can always re-enter and the bid is still at my exit level. With so much time left it is almost certain (to...

sold Dec 110c @ 3.-3.20 yesterday as per my plan (couldn't get 3.50 so I did modify my entry slightly) today closed for 1.55 will look to re-sell the same strike or 'possibly' the Dec 105c my long Dec 115c are now bid .50 below my entry price. since this was designed as a...

how do you know he "bought" them? most likely he CLOSED an open short positions on said options - by buying to 'close'! :eek: he was the smart money - he sold calls- those of us (like me on VLO) who went long oil stocks into Nov expiry so far are the suckers :D Of course on my options...

how do you know "this is a backspread that'll make some money "? What if the stock trades back above 65 ? That said I think stock will see 62.50

Bravo multi_ option BRAVO of course too bad didnt enter @ 1.95 earlier today.. :D

MNX/NDX keeping NDX/MNX on radar screen - open gap from 11/2/05 unresolved - perhaps it's stays that way -- perhaps :eek: But I'm thinking about entering ITM - NDX or MNX puts - will check my with my crystal ball advisor- almost 82.3467% certain I will take this trade - and 78.23156...

looking good Billy Ray- feeling good, Louis -- :D :D would like a nice bullish hammer- but dont think it's in the cards. OR is it? 5 day ema at approx 104 is my price high this week

102.40 printed

will likely begin to leg into Dec 110c at 102.40-102.50 on VLO if reached today - so far 102 acting as resistance - approx 50% retracement

remember - if we want juice then be willing to increase your loss parameters -- we pay more -- i.e. perhaps an ITM trade today on VLO would be more proitable "right now" - but if I were too early would maybe have to exit with zilch to show for risk. I tend to do ITM more than OTM- but often...

great idea- just did the same

102.50 doable today -- what am I smoking this a.m. ? :eek:

it's a leveraged directional trade -- rather than buying underlying @ 100+ - the sale of the 110 calls reduces risk and allows for many "options" in managing/repairing expectancy of the trade down the pike. IF stock was 20-40 I would buy IT instead.