CL Redux
- Thread starter schizo
- Start date
There's some free money on the table, if anyone wants to take it.
There's a bid for 2 contracts of the 83c, expiring today, at 0.13. I'm pretty sure the settlement value will be below 83, and I really don't think the J will surge above 83.13 at any point in the after market. That's a 99% chance at +$260.
There's also a bid for 100 contracts of the 83.5c, at 0.01. That's a free ~$1k... minus whatever commissions you pay for options.
There's a bid for 2 contracts of the 83c, expiring today, at 0.13. I'm pretty sure the settlement value will be below 83, and I really don't think the J will surge above 83.13 at any point in the after market. That's a 99% chance at +$260.
There's also a bid for 100 contracts of the 83.5c, at 0.01. That's a free ~$1k... minus whatever commissions you pay for options.
I need one of these tomorrow!
Quote from NoDoji:
Yes figured it out and wow it is sooo cool! Thanks a bunch. I'll see what kind of trouble I can get into now that I have a chart with too much information
Donna, QT has so much more to offer than IB. For instance, if you use trendlines like me, QT will alert you when the TL is crossed. Another cool feature is the paintbar. You can program QT to have the chart "paint" an arrow (or box or dot or whatever else they offer) when the condition that you specified is met.
Obviously, there's much more than just charts. Take the time to explore the entire package.
BTW QT is free for Ameritrade clients with a minimum balance of...I believe it's $5,000.
I believe they expired at 2.30eastern time
I drew it the same way in TS and it was pierced 2day
What is your philosophy as far as pierced trend lines? Does it have to be with a certain degree of conviction or sustained strength? I usually don't take anything seriously unless it's a certain number of standard deviations on whatever time frame i'm looking at. This is one aspect of trading that ercks me and probably why I can only make money trading a large time frame.