My Options Play

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Quote from saiff:

Multi,
At this point, does the initial purchase of the Nov 65 calls for apa still fit your criteria and do your indicators still forecast a jump to 69-72 in the next few days.
Also, you stated earlier, similar to the BBY trade, that if the call goes out of the money you normally drop the position.
What is the difference between this new position in apa vs the bby in terms of what you see and the reaction to to it (selling the position vs adjusting).
With the adjustment you made, it appears you still have some confidence in your trade.
I ask purely to learn so your insight is appreciated.

Thanks
Saif
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Saiff, thanks for your question. My trading approach takes into consideration the following:

Comon sense - Probability
Technical analysis - MACD, DMI, EMA, Weekly, Daily, Intraday!
Money Management
Trade Adjustment if/when necessary!

BBY and APA may have the same technical outlook when called but they were/are different!

So far, I have not picked any first or second grade trade. CHS, BBY, APA, PEET were all at equilibrium when called!
 
Quote from hajimow:

Sold two Call 40 Nov HD for $1.40. Soory that I did not wait till $2.
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HD CALL 40 Nov has been in a trading range since 10/31. Why did you choose to sell them now? HD hasn't set the tone for a serious correction yet. It could easily trade into $41.40. I guess you chose to capture time value decay now. Interesting trade.
 
Multi,
What does your analysis show for apa going into expiration especially considering a short week. Considering the adjustment, you dont think it will go below 60, but are you anticipating that apa will still rise up to 69 before expiration so you capture money on both ends or was the adjustment made to merely recoup your money, which you did, assuming it stays above 60.

Thanks,
Saif
 
Quote from saiff:

Multi,
What does your analysis show for apa going into expiration especially considering a short week. Considering the adjustment, you dont think it will go below 60, but are you anticipating that apa will still rise up to 69 before expiration so you capture money on both ends or was the adjustment made to merely recoup your money, which you did, assuming it stays above 60.

Thanks,
Saif
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Thanks again for asking.

My forecast of the trend is made out of technical outlook and probability of a higher high than the previous week. I plan to say something about APA trade after the trade is over, gain/loss irrespective. Nothing is guarantee in trading, I can only hope that APA drops as the technical outlook suggest. The stock has shifted in favor of downtrend; it was originally at equilibrium.
 
Quote from Cluseau:Going to bed at 10:30 a.m. ? Are you serious ?

I had high hopes for you. :confused:
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No! I was kidding! I used to say that some years ago; and that's when a trade is adjusted. It means: the trade is a bummer - waste of time!

Quote from Cluseau:EDIT: I'm trying to understand why you want these type of trades after a sizable move already in APA. Wouldn't it be best to sell those calls at a higher price and if APA retraces to say $65.
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But what if APA fails to trade back to 65? As you can see, traders can't do away with IFs:)
 
interestingly enough someone just bought 1300+ Nov 70 calls on APA. I don't know if that's out of the ordinary, but it's the only trade I saw in that option today.

- The New Guy
 
Forumites,

qqqq is the same person as uninvited_guest. He first posted his link to yahoo, then deleted it knowing that many of you have put him on ignore list!

hi, uninvited_guest!
 
Quote from Multioption:

I can only hope that APA drops as the technical outlook suggest.
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But you bought $12,000 worth Calls based on your TA, now your TA suggests a drop, all in less than a week. :confused:

Do you still own those calls? If so why? I thought your stop was once the calls reached OTM.

Very confusing and reckless.
 
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