Market Calls

What about those oil puts? Light, Sweet E-miNY august ? or the big one? Thanks.

alex

EDIT: i'm looking at AA puts. we've had 6 down days with today being the heavier volume day. there is evidence that this fall is eroding according to indicators, PRICE ACTION, VOLUME, reading tape, block trades, news, and a few others that i care not to mention here. I plan to make about $2 after all repositions and trades are tabbed. have a good weekend.
 
Quote from MAESTRO:

Also, will sell some oil puts.
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Yikes !

Be careful my friend I do see a period of consolidation but it's anyones guess before it can take off again.

A dangerous trade outright I hope you can hedge it some how!
 
Quote from MAESTRO:

Selling a lot, a lot of PUTs. July and August. Many NASDAQ stocks and some NYSE. Sensing pull back up on Monday. Will be prepared for strangles if needed. Will not use more than 30% of capital (not leveraged). Also, will sell some oil puts.
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I'm also very bullish on spooz for next week. Dip in the uptrend, end of quarter window dressing- all the ducks seem lined up for a sharp rally early in the week. I Bought ITM & ATM SPY calls at the close.
 
I am new to this forum, so I don't know what to expect. Given the initial post, I hope this will be helpful to all.

I have started active trading (3 to 5 new positions a day) the first week in May. My strategy is to anticipate breakouts or buy them as they happen and to short breakdowns. I have had a good success rate finding the breakouts, but have found it very difficult to determine when to exit. My general philosophy has been to sell the initial breakout, which has been producing gains of 4-8% on holds of less than a day to no more than three.

Many of the breakouts I traded have continued to rise, however. I am wondering if anyone has developed criteria for deciding when to hold a breakout rather than take the quick profit. For example, recent trades I made and closed are JOSB, CBG, HUM, CB, WLT, POT and yesterday LM (owned July 90 calls). As you can see JOSB took off after its breakout, while WLT failed. I am glad I sold WLT but wish I had held onto JOSB.

Appreciate everyone's thoughts.
 
Quote from MAESTRO:

Selling a lot, a lot of PUTs. July and August. Many NASDAQ stocks and some NYSE. Sensing pull back up on Monday. Will be prepared for strangles if needed. Will not use more than 30% of capital (not leveraged). Also, will sell some oil puts.
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Are you taking a long position in oil to hedge your long position in stocks?

I also see stocks coming back up soon but I'm waiting for oil to come down a bit before doing anything.
 
Quote from nfbandon:

I am new to this forum, so I don't know what to expect. Given the initial post, I hope this will be helpful to all.

I have started active trading (3 to 5 new positions a day) the first week in May. My strategy is to anticipate breakouts or buy them as they happen and to short breakdowns. I have had a good success rate finding the breakouts, but have found it very difficult to determine when to exit. My general philosophy has been to sell the initial breakout, which has been producing gains of 4-8% on holds of less than a day to no more than three.

Many of the breakouts I traded have continued to rise, however. I am wondering if anyone has developed criteria for deciding when to hold a breakout rather than take the quick profit. For example, recent trades I made and closed are JOSB, CBG, HUM, CB, WLT, POT and yesterday LM (owned July 90 calls). As you can see JOSB took off after its breakout, while WLT failed. I am glad I sold WLT but wish I had held onto JOSB.

Appreciate everyone's thoughts.
More...

Good knowledge and skillful use of indicators will help you with this.
 
Locked my profits on oil puts and on some stocks. Wrote corresponding calls on the rest of my put positions to complete strangles. The sentiment is neutral now.
 
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