My Options Play

pinabetal · Nov 16, 2005

Quote from Cluseau:

They took some bites, eh? SP500 is not out of the woods yet, needs a good print at the open otherwise it will track sideways and look to test 1215. I'll give MON room to breathe inside $71.52-$72.66 but if it trades under $71.70 for a solid half hour i may initiate a short position.

I agree with you on the S&P. Demand has yet to come back in such a way to drive it up. It could start start a few days of sideways track if demand doesn't come back in tomm. MON could track sideways also. But it could also be a shorting candidate like you say. I think your strategy is a good one. I would look at shorting off the bat as I think it will trade down to 71.70 very quickly after the open. There was a lack of demand today in MON

pinabetal · Nov 16, 2005

Quote from mhashe:

This is not the Yahoo message board. Instead of looking for someone to hand you a fish try learning how to fish for a change. The value of many of the non-trade related posts related to the various sundry elements of options trading by far exceeds any bought here sold here post.

btw, I think GOOG is about to top out. It's been trying to break above 400 past several days and the demand is not there at these levels. I think it could pullback hard once funds complete sending out 4th qtr reports. I'm calling 405 tops based on past few days activity.

Looks like it is topping but I think it still may go up a tad tommorrow.

pinabetal · Nov 16, 2005

Quote from Multioption:

I will continue with my picks....

Waiting on APA to end its ordeals. I've taken a loss of $5,000 on the short leg and will likely incur more losses on the remaining short leg if APA continue to rise. Will see how the long side pans out.

So far, TA rules work perfectly but human elements can't be tamed!

No greed or fear in this case, problem is overconfidence!

Uninvited_guest/qqqq - sorry, I won't ever see your posts again!

APA should make a higher high on the 17th tomm.

pinabetal · Nov 16, 2005

Quote from hajimow:

I wish HD closes at 42.55 and on Monday it hits below 42.50. I like to be short on Friday and be able to cover on Monday.
Wow GM is falling. Anyone interested in buying PUT?

HD should make a higher high tomm 17th

pinabetal · Nov 16, 2005

Quote from uninvited_guest:

I just noticed a week old thread on GM, looks like GM is in a lot of trouble.

I might buy some Dec20 Puts.

Gm should head south some more tomm 17th. Lower low.

pinabetal · Nov 16, 2005

Multi I hope you are able to pull this thing out before year end. I have to hand to you that you are not a quitter and don't give up when things don't look too good. I hope the next positions you take clean house!

iceman1 · Nov 16, 2005

AAPL

long AAPL Jan06 60p - will add more tommorrow IF it continues higher (or the Jan 65p)

will enter Dec 55p .15-20

then--- sell 2/1 or 2.5/1 -- Dec 60p (on any decent PB)

it gapped today -- so I expect we see 61.50-62 on or just after expiry

uninvited_guest · Nov 16, 2005

Quote from pinabetal:

Multi I hope you are able to pull this thing out before year end. I have to hand to you that you are not a quitter and don't give up when things don't look too good. I hope the next positions you take clean house!

Next trade takes Multi to the cleaners. He's finished, kaput, bitten the dust, history, washed up, toast.

mhashe · Nov 16, 2005

Quote from iceman1:

AAPL

long AAPL Jan06 60p - will add more tommorrow IF it continues higher (or the Jan 65p)

will enter Dec 55p .15-20

then--- sell 2/1 or 2.5/1 -- Dec 60p (on any decent PB)

it gapped today -- so I expect we see 61.50-62 on or just after expiry

Hey Ice, Remember I called $65 on AAPL 2 weeks ago.

Quote from mhashe:

11-03-05 04:51 PM

imo AAPL will hit $65 before pulling back. At the moment the path of least resistance is up.

Getting on thin Ice here, I have'nt looked at the intraday action but scrolled through the tape just now, looks like funds are giddy buying. Upside resistance probably limited to the broad market not pulling back more than a few % over the rest of the week.

iceman1 · Nov 16, 2005

Quote from mhashe:

Hey Ice, Remember I called $65 on AAPL 2 weeks ago.

Getting on thin Ice here, I have'nt looked at the intraday action but scrolled through the tape just now, looks like funds are giddy buying. Upside resistance probably limited to the broad market not pulling back more than a few % over the rest of the week.

great call

no doubt AAPL is on a roll - but my position allows me flexibility to convert to a bull strategy -as I said on my Journal thread. Just don't feel comfortable buying calls right now.

((thin Ice-

))