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Amen

VLO 'looks' to have found some "support" at a TL from 10/20-10/28 - wanting to see it reverse the minor trend back to 105 - (not necessarily today :p) going to recite the trader's prayer for a quick reversal :D

multi_option the problem with APA trade and oil this month - is the open interest may imply lower prices - check out front month calls/puts - this was my concern and was going to tell you that 65 may be an arb level or at least that it might swing back to below 65 -- which is not to say...

I am still moderately bullish - but could be wrong - if you think VLO/oil isn't a bullish trade than you should short or buy puts here - IF I am wrong can always 1. sell a lower strike (i.e. 105) 2. take a .50-60 loss on long call or 3. convert spread into a bear spread and widen it (as...

it's a backspread with thoughts that VLO re-tests its highs by year end - and/or trades back near 110 this month - we will see so far the better trade was puts - duh! :D it's tough to enter options as we near expiry- unless you have a clear read on how open interest will impact...

just a trade- didnt even know they were in the oil biz--- :eek: are they? ((kidding)) have not entered other leg of backspread yet- i.e. Dec 110c - will try to leg in @ or >3.50 per - so far not looking good today. :eek:

OK- traded back to <100 lowered bids to 1.25/1.35 on some

scaling into VLO Dec 115c @ 1.55- 1.70 (vlo lc ) Selling 1 Dec 110 call for every 3.5 Dec 115c stock could trade lower from this level (101.7) - maybe another 1-2 points into gap-- perhaps below100 -

yes stock is trading split adjusted Nov 22nd so that's a concern for shorting it - before then actually thinking about adding 85 or 90c

going to enter order buying (10) VLO dec 115c @1.65 -day- (1.95/2.05 currently) and then 'leg' into backspread on any subsequent move higher (if filled on 115c) - by selling Dec 110c

putting VLO on radar screen for long entry - even though it might trade lower here- and short of underlying might yield results-- not going to enter short via put options at this level given it has entered the gap from 10/28/05 and could easily reverse with downside maybe <2 points, for the time...

welcome

no - most likley won't take a position until post-expiry although there is a decent o/i on Nov 90/95 calls - (which I "think" might signal lower prices ) had it traded back to 94-95 -- would have entered ITM puts and long 100c

support at 80? :eek: :eek: U mean it has to get back to 80s to find support? IF it breaks 80 it could go to 60s - right now lets see if it even trades back to and <90

cnms2 you think DNA has further downside or is today's action a meaningless blip lower...? :D

starting a Journal for mostly options plays -- - but also futures and equities will be included-- as favorable swing/position trades are identified. May do some day trading of options but most positions will last from 3-60 days. Will trade options on indexes and equities. I had posted some...

LMAO what does the above post have to do with his trade? what you said is equally applicable to holding stock long or buying stock this week -- except he has a substantial cushion -- only I agree the reward isn't worth the risk. But what does Aisa have to do with a November options trade ...

BINGO!

just patiently watching both of them for a trade to develop --- volume on TRI on 10/24th & 10/25) has me interested - but I think it may trade back to 40 -- maybe breach it before reaching LT support- reversing trend - let's watch and see what happens DNA maybe will hit a second price...

I want to thank you for posting about VLO as I am "stalking" a position. :D When you posted I was gong to short (via puts) but I have way too many open positions to start a new equity. However I think VLO will try to re-test 115 again - thus I am looking for a long entry (probably should be...