Conservative Options Trades

Quote from diaoptions:

Looks like danshirley has been chased back to his comfort zone in his private thread. It's too hot in the other option forums for him so he seeks safety in this one.

:)
More...

And back to waiting for his stocks to trade at all time highs, before selling a put spread on them.
Latest being... KFT.
 
"Looks like danshirley has been chased back to his comfort zone in his private thread. It's too hot in the other option forums for him so he seeks safety in this one".

"And back to waiting for his stocks to trade at all time highs, before selling a put spread on them.
Latest being..."


Indeed I am sorry I went out into the slums and actually talked to the numbnuts out there...as I have always said: doing this tends to drag some of the slime back on your boots which tends to get the carpet dirty.

I apologize to the people who read this thread for trailing back the above garbage.

It probably is unwise to answer the slings and arrows of the stupid as that merely prolongs the agony.

I do have both the above posters (and virtually all other regular posters) on ignore as I recommend you to do also... but when I accidently browse by while not logged on and see this it's hard not to respond.

I know that much earlier in this thread I have answered these (and many other, much more cogent) 'questions' but I will offer the following... as the absolute LAST time I will talk to trolls... I promise.

First and most important as I have stated many many times before the postings here do not represent buys to my portfolio and certainly do not represent any recommendation that anyone else make the trade listed. They are simply possible trades of topical interest.

For me, I seperate my market activity into 2 parts: trade discovery and portfolio management. What is posted here is trade discovery... not portfolio management. That is why I rarely post anything about fills or closures. These are not relevant.

My personal portfolio management may or may not use the trades 'discovered' here. I have stated many times as general
information that I make less than 50% of the trades shown here, and I often make trades that are not posted here at all because they use resources that are not available to the average retail trader, or that use bonds or futures, or I just don't bother.

Of course I do not sell put spreads triggered by a new high in price.

:-)

To suggest I do is silly and the result of an emotionally unballanced troll looking for something nasty to say... and finding what his feeble mind thinks is an excuse.

As I have said many times also... I ignore technical analysis... including new highs. Many studies have been done that show technical analysis does not work.

But you should recognize that many 'technicians' do in fact take a new high as a buy signal. I do not, but I am not so childish that I would berate anyone who does as an idiot. Maybe he has a good reason I am not privy too. Maybe I don't know everything.

If I were interested I would ask him (politely) why he does that and I probably would get some new information or insight in the answer. That what mature people, who are not angry, desperate narcissists do.

For me, what often triggers a look at trade possibilities for a stock is good news... and often good news is accompanied by a spike in price. I especially trade good news when it promises to make the stock resistant to negative market pressures during the time that the trade is in effect. In the instance in the immediately above posting... KFT had an earnings surprise that beat estimates AND they stood by their previous projections for the year. This bodes well for the remainder of the year for KFT and supports the bull put spread. The spike in price is simply an irrelevant inconvience.

Actually, if you look through my thread you will find that bad news and a drop in price is also sometimes used as a trigger. If the stock is strong and the drop promises to be temporary this might be a good idea. Or maybe not. I am more reluctant to trade a drop.

Now should I wait for KFT to 'settle down' before I buy in? Perhaps I will... or perhaps I won't make this trade ever. That's a matter for portfolio management... a different department.

Of course KFT might also go further up which is why a new high is considered by some to be a buy signal. If I make the trade and it does go up I will be happy about that... but it's not part of my decision process.

I don't know what will happen in the future. My trading is based 99.9% on statistics... especially a positive expectation, and I don't take a new high as either positive or negative. I don't care.

:-)

As to the above trolls: Go Away boys. You bother me.

If you don't like my trades don't read them. If you have so much to offer create your own thread and show us what you can do. Stop acting like assholes who weren't invited to the party. No one has appointed you to police other posters and pass or fail their postings. It is just possible that the reason a trade looks stupid to you is that the poster knows more than you do.

Grow up for christ's sake.
 
This ET forum is a public place for sharing and discussing option trades, strategies, ect....
If you don't want any response to your real, theoretical, or potential trades, you should post them in the journal section of ET and not this one.
It honestly makes ZERO sense for you to continue to post them here, if you continue to get upset when we respond to them.
Post them under the JOURNAL section and you will be totally ignored by us.
OBVIOUSLY the reason you continue to post them here, and not the journal section of ET, is because you want us to read and respond to them.
DUH
 
Would be fair comment Dan, 'cept I note that some of your comments in other threads are decidedly trollish.

Perhaps hold yourself to the standard you ask of others?
 
danshirley ....... Everyone on ET has respected your request not to respond to this thread. You do get the odd post but that's to be expected since this is a very popular public trading forum and once you inform them of your wishes for privacy they do not post again.

But once you get left alone as per your request you then go trolling for replies - either on this thread, private PM's or other threads. And when you get the replies you trolled for you make a big deal about it.

You should post your trades to google docs, it's a free office suite with gmail. Or if you want privacy on ET don't troll for replies.

:)
 
Dan,

you're way too uptight. You are aware that this is an internet forum full of anonymous posters?....are you that thin-skinned that you're really taking internet trolls seriously?


PS,

I hope your nic is not your real name
 
Well Well. So the trolls are posting today.

:-)

Where else would they be?

Shall I answer or just say F*ck you?

Well... I'll offer the following:

NO... I won't go elsewhere. I was here before any of you and I'll be here after you've gone. I'll post where I like and I am used to posting here. My posts are useful to me during the trading day and I won't let a bunch of &*%^$ make me move.

YES... it is my real name and I can be found quite easily... as I am well known in my hometown. Shall I tell you chapter and verse or is that too much?? Maybe later. Probably not.

Don't get any ideas... I am an expert with firearms...

images

(my favorite)

Here's a clue... when I go to my office in the morning I cross over route 80 and if I look down the canyon in the mountains created by 80 I can just see the top of the gray fog that is manhatten.

Why do I post here if it's not to get a response. That's a really good question... already answered on this thread but I'll offer something else:

Sometimes I am asked by our clients what they should do about an old retired relative who has gone to pot. He's living alone (it's usually a man but not always) and he has stopped going out. His personal hygiene is an embarrassment and his house is a mess... and stinks. This is a common story.

My advice is to force him out of the house. Get him washed and dressed and take him into town where he will be ashamed of himself. This will motivate him to take care of himself.

We all need criticism or the threat of criticism to keep from going completely to pot.

Now it is nice if the people in town are intelligent, attractive and helpful... but it's not necessary. They can be complete assholes and it works just as well... sometimes better => When he sees how bad they are it makes him want to be better.

Shall I make the analogy more explicit or do you have enough brains to see what I'm talking about??

You are my town of morons and it makes me trade better. Period

I guess that's pretty explicit... I'm NOT sorry.

If I post on a nonsense thread because I happen to read something really ridiculous there I don't see how that's an invitation to post on this thread which is consistantly serious and full of information. I did say above:

"...I'm sorry I went out into the slums and actually talked to the numbnuts..."

So yes... posting on another thread was a mistake. I will try to refrain from repeating it... if you try to refrain from being so stupid I can't resist.

Have I been a troll myself on occasion... not very often but sometimes the level of stupidity is irresistible.

AM I thin skinned?? Well that's a judgement call. I don't think so.

:-)

BTW: I have never sent a private PM in my life... so that is more made up creap... what motivates a moron like you??
 
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