Did you and Coolweb go to band camp together or something that you can pick up on this? Keep guessing. Just don't use too much of your deductive reasoning in one shot. I know how tired you are of constantly pointing out the obvious. Do you want Multioption to give you his lunch money or something? You keep haggling the guy like you know him.
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Did you and Coolweb go to band camp together or something that you can pick up on this? Keep guessing. Just don't use too much of your deductive reasoning in one shot. I know how tired you are of constantly pointing out the obvious. Do you want Multioption to give you his lunch money or something? You keep haggling the guy like you know him.
Hello Coolweb
Most techs have been beaten to pulp. They're due for a bounce. Might add PMCS to your list.
I don't trade options or stocks for that matter as standard fair, but this thread has perked a few ideas I had in the back of my mind for quite some time now. Has anyone toyed with the idea of playing with LEAPs in stocks with high short interest?
I noticed quite a few here are chart readers above par. I think there is something there if you are able to see the signs of tell-tale accumulation in highly shorted stocks. I'd like to create a list of stocks that have the highest recent short interest ratio. Maybe someone who has access to such a list can post it in excel format. We can discuss the ones with the most promising reversal signatures and see how it works out. I'm not aware of a public source of such a list (I think nasdaq charges $200/ download). If there is one, please post the link.
Other than that I will also start posting a few stocks that I feel show signs of reversal based on my own scans. This should be interesting and very educational at least for me.
Edit: btw Mr. uninvited_guest, your posts are rather assenine, highly disruptive and extremely uninformative chaff. You might want to take this thread originators advice, leave this one for those who are serious and please start your own thread. Unless offcourse this is the only means by which you are able to garner attention in your life.
Quote from uninvited_guest:
Hello Coolweb
Hey, here's a good call for you. Eat shit and die!
How's that for anger? I only have one handle b/c i'm not afraid to live with myself and my words posted here. Any suggestions otherwise are yours to ponder. The fact that you have time to annoy other members is your fate. Live with it. I can live with you here. You're harmless. Like a doorman.
Quote from Cluseau:
The difference is huge cnms2 but you don't need to explain yourself to the likes of characters you find here. It was a mistake on my part that i should've just kept to myself. Didn't mean to cause any static.
cnms2, i will admit i had doubts about your actual trading style and habits once we started academic discussions--b/c most traders in my position (slightly educated but dumb as dirt) spend most of their time fine tuning already successful operations with a slight hint of academia and nuance. The ones that have extraneous time for research are either filthy rich or have other means of income or are hired guns that are given the opportunity to enhance their trading universe through academic means. I never thought one could successfully balance everything discussed as an independent with under $1M. Your excel work and analysis is good from what i have seen so my question is what's holding you back from 100% real money trading, if anything? I also stat certain trades that weren't taken. I want to see results no matter if in or out however the majority of time is spent managing real trades so logging figurative trades takes a back seat for slow days or breaks in trading. There is little time with a full line on.
EDIT: real money trades for you vultures is an expensive proposition!
Thanks. I was trading with real money for the past 12 years, but I'm still constantly looking for new ideas. This is the reason I'm on this forum: to exchange ideas, not for the reality-based entertainment (which I generally dislike).
I'm willing to share my knowledge, and willing to accept critique for my ideas.
Most techs have been beaten to pulp. They're due for a bounce. Might add PMCS to your list.
I don't trade options or stocks for that matter as standard fair, but this thread has perked a few ideas I had in the back of my mind for quite some time now. Has anyone toyed with the idea of playing with LEAPs in stocks with high short interest?
I noticed quite a few here are chart readers above par. I think there is something there if you are able to see the signs of tell-tale accumulation in highly shorted stocks. I'd like to create a list of stocks that have the highest recent short interest ratio. Maybe someone who has access to such a list can post it in excel format. We can discuss the ones with the most promising reversal signatures and see how it works out. I'm not aware of a public source of such a list (I think nasdaq charges $200/ download). If there is one, please post the link.
Other than that I will also start posting a few stocks that I feel show signs of reversal based on my own scans. This should be interesting and very educational at least for me.
Edit: btw Mr. uninvited_guest, your posts are rather assenine, highly disruptive and extremely uninformative chaff. You might want to take this thread originators advice, leave this one for those who are serious and please start your own thread. Unless offcourse this is the only means by which you are able to garner attention in your life.
I have traded PMCS a while ago.My friend was just reacently trading it. Today it had a good comeback. The good thing about ADI and XLNX is that both companies have no debt and ADI have been profitable with no quarter in loss. It does not mean that it will go to the moon.I will short it if it hits $41.
Trading on Leap has one problem. Bid and ask spreads are usually 20 cents. It does not move well with the stock. Heavily shorted stock rarely come back.I mean don't make it a rule that they should come back. TZOO, OSTK are two of them. Some heavily shorted stocks don't have options.
I don't trade options or stocks for that matter as standard fair, but this thread has perked a few ideas I had in the back of my mind for quite some time now. Has anyone toyed with the idea of playing with LEAPs in stocks with high short interest?
I noticed quite a few here are chart readers above par. I think there is something there if you are able to see the signs of tell-tale accumulation in highly shorted stocks. I'd like to create a list of stocks that have the highest recent short interest ratio. Maybe someone who has access to such a list can post it in excel format. We can discuss the ones with the most promising reversal signatures and see how it works out. I'm not aware of a public source of such a list (I think nasdaq charges $200/ download). If there is one, please post the link.
Other than that I will also start posting a few stocks that I feel show signs of reversal based on my own scans. This should be interesting and very educational at least for me.
Edit: btw Mr. uninvited_guest, your posts are rather assenine, highly disruptive and extremely uninformative chaff. You might want to take this thread originators advice, leave this one for those who are serious and please start your own thread. Unless offcourse this is the only means by which you are able to garner attention in your life.
I have traded PMCS a while ago.My friend was just reacently trading it. Today it had a good comeback. The good thing about ADI and XLNX is that both companies have no debt and ADI have been profitable with no quarter in loss. It does not mean that it will go to the moon.I will short it if it hits $41.
Trading on Leap has one problem. Bid and ask spreads are usually 20 cents. It does not move well with the stock. Heavily shorted stock rarely come back.I mean don't make it a rule that they should come back. TZOO, OSTK are two of them. Some heavily shorted stocks don't have options.
I've traded a lot of LEAPS for awhile, but I rarely do it anymore. There are people promoting them as a stock surrogate, praising their low theta (daily value erosion).
They have some specific risks and drawbacks. The first ones that cross my mind are:
- they are rich in premium making them very susceptible to IV adverse changes (IV decrease when you're long, or IV increase when you're short); this is the vega risk
- they have a higher IV than shorter term options (higher probability for wider range variation); this gradually decreases over their life
- they can be adversely affected by dividend and interest rate changes, and there is a higher chance for it to happen over a longer period
- they have high slippage, and lower liquidity
- you can lose a lot of premium in case of takeover or bankruptcy
- as the underlying price varies over the long life of the LEAPS, you'll have to roll them to adjust your risk and to re-tune your position to the new underlying price range; this is an additional expense due to the high slippage; i.e. you open a calendar having an ITM LEAP for the long leg; as the underlying price changes your LEAP will go more ITM or may go OTM, so in the following months to continue your strategy you'll have to roll it to rebuild the risk characteristic required by your strategy.
I can't really think of any instance in which LEAPS offer any advantage to the retail trader.
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