My Options Play

[cnms2]

Quote from iceman1:
a couple more Im watching

TRI
(long 38-39 - maybe in at 40)

DNA
(short 94-95- OR maybe long Dec100c/long Mar 90/95p)

Iceman1 you're a man of few words

Let me see if I get you right:

TRI at $41.31: you like it but not enough to get in now, but on a ~5% retracement to 38-39 (maybe 40) you'll enter long

DNA at $93.51: this is a "winding" forecast
-short term you expect it to slightly drop so you'd enter short at 94-95 (after 1% up)
-intermediate term you expect it to bump up, and you'll buy the Dec100 calls; probably during the short term pull back
-long term you expect DNA to retrace back to today's prices; so you'll buy the Mar 90 or 95 puts, probably on the bump up.

Interesting ... So precise

 

[iceman1]

Quote from cnms2:

Iceman1 you're a man of few words

Let me see if I get you right:

TRI at $41.31: you like it but not enough to get in now, but on a ~5% retracement to 38-39 (maybe 40) you'll enter long

DNA at $93.51: this is a "winding" forecast
-short term you expect it to slightly drop so you'd enter short at 94-95 (after 1% up)
-intermediate term you expect it to bump up, and you'll buy the Dec100 calls; probably during the short term pull back
-long term you expect DNA to retrace back to today's prices; so you'll buy the Mar 90 or 95 puts, probably on the bump up.

Interesting ... So precise

just patiently watching both of them for a trade to develop ---

volume on TRI on 10/24th & 10/25) has me interested - but I think it may trade back to 40 -- maybe breach it before reaching LT support- reversing trend - let's watch and see what happens


DNA maybe will hit a second price high @ or near 95 -- then sell off maybe 8-10 points - only thing opposing that view is the current strength of broader markets- and the apparent health of its (DNA) major trend .

 

[novel20]

100 pages, 3 trades from Multioption.

 

[uninvited_guest]

Quote from novel20:

100 pages, 3 trades from Multioption.

But with the number of contracts traded the profit was huge, so quality over quantity. Only one trade produced a loss (BBY) but would have been a huge winner if hung on a little longer.

Hindsight is always 20/20 though, can you imagine getting in on the GOOG calls, $10,000 to $300,000+ during the last 3 months or so.

 

[Rob on Business]

Quote from uninvited_guest:



Hindsight is always 20/20 though, can you imagine getting in on the GOOG calls, $10,000 to $300,000+ during the last 3 months or so.

No kidding! I'm hoping we'll find a similar runner to throw around before Christmas - or even one as bearish as GOOG is bullish and play both of them. I imagine it'll hit a resistance at $400 and just carry on after the correction - I don't know any sources saying anything bearish about it. I'm going to be hanging on til $400 at least, then if it corrects more than $6 ride a put on it til she comes out of the pit stop.

 

[cnms2]

Forums ›› Trading for a Living ›› Journals ›› The 3 month Challenge:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=55163&perpage=6&pagenumber=1

Another challenge, other detractors, same spirit ...

I guess everybody here will think that these quotes apply to somebody else.

What a sad time we are living in! It's easier to disintegrate and atom than a prejudice.
- Albert Einstein

There is a pleasure in madness that only mad people know.
- John Dryden

It's better to stay silent and let people suspect you are stupid, than to speak and confirm their suspicions.
- Abraham Lincoln

I do not believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use.
- Galileo Galilei

 

[cnms2]

Nice article about money & risk management:
http://www.fxstreet.com/chat/transcripts/20051103chatsession.asp

 

[Multioption]

The difference though is that this thread was precipitated by an argument between me and some other forumites (non-investment forum) who don't believe in technical analysis.

People will always react negatively when intention is misunderstood, albeit their expectations/anticipation may be right.

(DMI, MACD, and EMAs)

"The difference is in the person, not the system." - ET Forumite

 

[knocks420]

There are some real smart options traders on this post (one or two assholes, but don't let that stop this thread!) Anyway, if one of you guys have a chance, please check out my journal and especially the paper account. I would love a critique of my open positions from some experienced traders. Also of my real account-I'm trading a 5K account and trying not to lose it all!!

http://www.elitetrader.com/vb/showthread.php?s=&postid=889315#post889315

 

[hajimow]

I am playing TXN instead of QCOM. They are going in the same direction. It seems that as much as the street hates INTC, loves QCOM, AAPL, and TXN. I had 20 naked PUT for Nov 30 for TXN. My price was 1.3 that it went against me up to 2.5 but I stuck to it and now it is going in my favor. I also know that ADI's PUT 35 for Nov will expire worthless.I have no more money to put on it but I suggest to sell naked PUT 35 for Nov.
My trades : sold 10 naked PUT for DELL 27.5 Nov. for 0.15

I am also thinking that the following spread on HD might be profitable.

Buy PUT 40 Nov and sell Call 42.5 Nov and get 5 cents for each contract that will pay for the commission. I just guess that HD might go below $40 after their earning announcement that will be before Nov. option expiry date.