My Options Play

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Quote from uninvited_guest:

Good question, and I left out the details:

Options with 4 weeks or less to expiration and 1 strike OTM.

DIA at 104.14.....Buy Nov104 puts at $1.20 or Nov105 Calls at $0.75. By expiration one of them WILL be double. In my opinion the Calls. The DIA is good because the option strikes are priced very dollar.
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Being the novice dummy that I am,
from the way things look, I'd say don't bother buying the calls.
I have a feeling we're heading lower, from what I see.

OK, you can stop laughing now.
 
Quote from Arnie Guitar:

Being the novice dummy that I am,
from the way things look, I'd say don't bother buying the calls.
I have a feeling we're heading lower, from what I see.

OK, you can stop laughing now.
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DIA DOWN at least for a day or two.
 
Quote from iceman1:



QCOM

I believe it has reached its measuring objective coming out an apparent DT (although 38 is not out of question -- and there is open gap to 36). But to trade lower from here would mean closing below it's 200 day ema. It could happen to shakeout players but I beleive it could/would be met with a key reversal.

In the next few days I believe buying Jan premium would be indicated although IV is up (but mostly on the front month). There is still some downside risk but I think <$40 will attract buying interest soon, being that its Q4 and QCOM's decline is/was news driven, and expiry is nearing. I expect (hunch) broker upgrade to hit news wire soon on QCOM saying all this euro complaining is sour grapes, and stating QCOM is a trading buy and/or LT buy with target of 50.

Also I plan on selling premium the Nov 40p and have not decided if I will spread with a Jan 40p or 37.50.

I am starting an options Journal this week, either here or on the "Journal" forum, rather than tie up multi_options thread.
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anyone begin to scale into QCOM positions as per my recomendations --- still not out of woods on this one -- although 200 day ema acts as support so far and it "looks" like it may be headed north this week.

I went long some QCOM Jan 37.50 puts to spread with either Nov or Dec puts --

BBY creaping higher

IMCL looking good

CVX upward movement in the drection of SIX-0

(long Jan and Dec 60c/short Nov 60c/long Dec/Jan 55p/short Nov 55/60p)

EBAY has small gap (overlapping style) open @ 42 from 10/18/05- could see EBAY @ 42.50 - would enter on any sizeable PB
 
This thread is completely off-course with no one to blame.

Everyone deserves his say but for me with limited time to sift through so many messages takes out the fun. Imagine the man's own last message is 5 pages back!

No offense please and no need to discuss this. I hope folks understand.

May I suggest Multioption to simply open a new thread

"My options play - part 2"

which will serve strictly as Multi's trade journal in his 10k -> 100k quest and comments or questions specifically re. his positions.

Thanks.
 
Quote from mhashe:

iceman, I have been following your calls with interest. I must say they have been doing well to date. However imo NIHD is probably topping and will be lower within the next week. Charts show motivated selling between 85.50 and 86, if it fails to break above this level next couple of days I would consider initiating a short position in this stock. Just my 0.02, I could be wrong, and very often am.
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11-01-05 02:47 PM

NIHD back to highs from October 4th - D/top? (note -- also a fairly "symmetrical" double high -which is always better when finessing into a double high or low trade).

maybe keep eyes open for short entry -- going to convert my positions tomorrow - take off ITM longs - create time spreads with Dec 90c - depending on manana's price action

in other words - sell my long NIHD Dec 80c/85c-- and buy Dec 90c to spread with existing position in Nov 85 calls or maybe just keep long Dec 85c.
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Thanks - I'm gonna open a Journal or new thread - where it's easier to follow -- and also, then I can have my trades memorialized with more specifics like price/entry/exit - etc. -

I hope you are correct on NIHD ! Great minds think alike :eek:

>>(did you by any chance see my post on NIHD on this thread from yesterday (see above)

I am waiting for a sell-off on NIHD to maybe collect on my short Nov calls -- and to re-sell put premium!

of course stock is in a significant UT with market strong so far this Q4.

IcE
:cool:
 
Quote from nonprophet:

May I suggest Multioption to simply open a new thread

"My options play - part 2"

which will serve strictly as Multi's trade journal in his 10k -> 100k quest and comments or questions specifically re. his positions.

Thanks.
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:) Mutli failed :)

:cool: No sense giving him a second chance :cool:
 
Quote from nonprophet:

This thread is completely off-course with no one to blame.

Everyone deserves his say but for me with limited time to sift through so many messages takes out the fun. Imagine the man's own last message is 5 pages back!

No offense please and no need to discuss this. I hope folks understand.

May I suggest Multioption to simply open a new thread

"My options play - part 2"

which will serve strictly as Multi's trade journal in his 10k -> 100k quest and comments or questions specifically re. his positions.

Thanks.
More...
NonProphet,

I'm working on a Blog and even with that, I will still post my trades on this thread.
 
Quote from uninvited_guest:

:) Mutli failed :)

:cool: No sense giving him a second chance :cool:
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You really hate the guy he? Gonna be a matter of minutes before Ice jumps in to punish you and here we go again.

I do appreciate Multi's journal.
 
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