My Options Play

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anyone else think its a good idea to buy some puts on MNX (mini-NDX)?

some nice volume on the Dec 165 puts today.

as I said in my Journal- still long puts on MNX - was looking to add on today.
 
Quote from iceman1:

I don't honestly know - it could but it wouldnt mean much unless it headed to 102.50 -

but I have a Q for you and would appreciate your checking your tape and indicators----

PALM
&

EBAY

you see them marked higher into afternnon -- or lower?

(I have options positions in both)

TYIA


I
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Not sure what you mean by higher. If you mean higher than the high already made today of 43.28 for ebay and 26.67 for PALM. Or higher then yesterdays high??? or just trade up and close high? Please explain? I don't seem to have the symbol TYIA
 
Quote from pinabetal:

Not sure what you mean by higher. If you mean higher than the high already made today of 43.28 for ebay and 26.67 for PALM. Or higher then yesterdays high??? or just trade up and close high? Please explain? I don't seem to have the symbol TYIA
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will they trade higher than the morning highs?
 
Quote from iceman1:

will they trade higher than the morning highs?
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I am inclined to think that neither will. That ebay has reached it's high of 43.28 and Palm 26.67 for the day. That said, if one does trade higher I think it would be ebay.
 
BBY was pretty ripe yesterday. It's getting close again. You can put one on if it trades into $45

But the winner of this week for me is MON. This is a good stock to trade. Please add it to your universe and give some feedback. Thanks.
 
Quote from Cluseau:

BBY was pretty ripe yesterday. It's getting close again. You can put one on if it trades into $45

But the winner of this week for me is MON. This is a good stock to trade. Please add it to your universe and give some feedback. Thanks.
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Demand is coming back in BBY. Possible long position. So far from todays price action IMO MON is topping out. Perhaps track sideways in dist.
 
Quote from pinabetal:

Demand is coming back in BBY. Possible long position. So far from todays price action IMO MON is topping out. Perhaps track sideways in dist.
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If SP500 holds the line MON could go for the highs again but the bulk of the short term move is over, i agree with you. BBY i would try to get as neutral of an option play as possible with limited profits but low risk. I don't really trade BBY too often. MON however is a staple for me.
 
Quote from Cluseau:

If SP500 holds the line MON could go for the highs again but the bulk of the short term move is over, i agree with you. BBY i would try to get as neutral of an option play as possible with limited profits but low risk. I don't really trade BBY too often. MON however is a staple for me.
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I think S&P will slide down before day ends and make a lower low than yesterdays 15th's low.
 
Quote from hajimow:

So has Multioption given up on this thread? Haven't heard from in a few days, maybe he could give us some ideas why his trades went from OK to #^%$.

Was it TA breakdown?
Psychological?
Combination of both?

APA was a classic case not sticking with the exit plan, and then digging a deeper hole by selling calls. The trades were made without thinking, VERY FOOLISH and NOT PROFESSIONAL

Uninvited_guest: This response is not for you because I see you use strong language on your post that does not help or does not give any info. This is mainly for those who might read your post and wonder what is happening. You could have disagreed with Multi and everyone could have listened to you if you could have just used different tone but definitely you can not do that. Facts are:
1- Multi has not forced anyone to follow his trades. I see everyone is listening to him but everyone is doing his own trades that is very good.
2- Multi has an ambitious goal and definitely he is taking risky trades and losing money in some trades is acceptable. I really wish him success but even if he fails , I will not change my attitude toward him.
3- My portfolio has been up 13.9% in November by the lousy trades that I do. Why don't you post your wise trades so we can also learn. If you are a CD type of investor, maybe this tread is not for you. I have got big gains after I have lost but have not given up.

FYI: Iceman responded to one of my posts about a year ago about an option question that I had. He told me it seems that I don't know what is the difference between assign and exercise. I responded back to him that I knew that and it was my mistake of not using the right word and then he came back to me and asked me to let him know if I have any good trades or strategies . That is the good attitude that an investor should have. Always ready to learn more.
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hajimow

see the Dell 30c spread - now? not a bad trade- wish I had taken it -

Dec 30c now bid .75 - AND I expect it to go higher by Friday

(just MHO)


ICe
:cool:
 
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