My Options Play

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According the the system I use in conjunction with tape reading it is telling me it is best to wait on DIS and take a position next trading day on Monday as monday is day 2 of a trading cycle I use in my system.

A more risky trade would be a long position today at 25.06 area. One would just have to make sure intraday says it has bottomed out. If one decides to do this then my stop loss is 24.89 for any long position taken around 25.06 area.
 
GOOG range hasn't opened up enough yet so I'd say there is still movement coming. My proprietary software tells me it has an average range of 7.27 and an expected range for today of 5.10. However the last 6 day the range has gotton less and less each day. So far it has made 2.68 but I would expect to open up the range one way or the other but doubt that it will make the 5.10 expected range. I lean slightly towards the upside opening up. It looked like it was going to make my 405 off the bat but did quite do it. Could push on up a little later though
 
Looks like I would have been right on my original forecast of HRB

I said "HRB- I think it will make a higher high. However, if it doesn't break thru the fairly strong resistance around 24.00-24.10 area pretty quick in the session then I would look at shorting around 23.80 to 24.00. If it breaks thru early in the session then I would watch the intraday tape and short when it appears to top out. I would cover the short the same day on any good profit. I would not attempt to go long tomorrow the 18th."

I was right on my APA forecast. Could have went long around around the target area

I said "APA -I think they will take it down first so I would look at going long around 65.60 to 65.80 area then sell on any rally that reaches 67.40 or above OR hold and sell the next day if it looks like the close will be up."
 
This is a bit risky but I'll say I went long in DIS at 25.02 Stop loss is 24.88. I can't stay and watch it as I have to go to town. Would have prefered to have gotton in about 24.90 but we will see how it goes.
 
Quote from pinabetal:
Looks like I would have been right on my original forecast of HRB

I said "HRB- I think it will make a higher high. However, if it doesn't break thru the fairly strong resistance around 24.00-24.10 area pretty quick in the session then I would look at shorting around 23.80 to 24.00. If it breaks thru early in the session then I would watch the intraday tape and short when it appears to top out. I would cover the short the same day on any good profit. I would not attempt to go long tomorrow the 18th."

I was right on my APA forecast. Could have went long around around the target area

I said "APA -I think they will take it down first so I would look at going long around 65.60 to 65.80 area then sell on any rally that reaches 67.40 or above OR hold and sell the next day if it looks like the close will be up."
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Good calls on HRB and APA! :)
 
Hi pinabetal, your calls seems correct most of time. Keep up the good work. Did you actually trade on them to make money? Would you mind sharing some of your recent successful trades?

Thanks!
 
Quote from novel20:
Hi pinabetal, your calls seems correct most of time. Keep up the good work. Did you actually trade on them to make money? Would you mind sharing some of your recent successful trades?

Thanks!
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... and how you do it? :)
 
Quote from Multioption:

Just bailed out on CHS Oct 35 Call @ $3.60.

Will post new trades as soon I get on board!
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CHS

hit 46 dollars this week - --!!!

we should have all rolled into the Nov 35c
 
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