My Options Play

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I'll put my options play so others can see.
Quite new to options having started trading options just May 2005.
I am long NUS XW (NUS Dec. 2005 $17.50) put,
@ $1.30 per contract. Losing on this one despite all the analysis.
Also, long UGO MC (SGTL Jan. 2006 $15.00) put,
@ $2.00 per contract. Slightly positive at $2.40 bid.
Just exited my swing trade on XTO AH at
$3.70, got in at $2.70 so, got $500.00 on 5 contracts in 2 days. Should have bought the Nov. 2005 $40.00 call, it went up from $0.35 to $1.25 (not quite sure of the exact price but, over $1) then, I would have gotten 200% in 2 days.
 
Quote from uninvited_guest:

:: ALERT :: SBUX Starbucks, earnings Thursday after market closes. $30.83

Buy Nov30 Put @ $0.45
Buy Nov32.50 Call @ $0.10
Total debt $0.55

If SBUX hits <$28.90 or >$33.60 on Friday more than double cost of straddle/strangle. Or just buy the puts.
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It will most likely do neither by this friday 18th nov
 
Quote from smallfil:

I'll put my options play so others can see.
Quite new to options having started trading options just May 2005.
I am long NUS XW (NUS Dec. 2005 $17.50) put,
@ $1.30 per contract. Losing on this one despite all the analysis.
Also, long UGO MC (SGTL Jan. 2006 $15.00) put,
@ $2.00 per contract. Slightly positive at $2.40 bid.
Just exited my swing trade on XTO AH at
$3.70, got in at $2.70 so, got $500.00 on 5 contracts in 2 days. Should have bought the Nov. 2005 $40.00 call, it went up from $0.35 to $1.25 (not quite sure of the exact price but, over $1) then, I would have gotten 200% in 2 days.
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NUS should comtinue down on the 17th making a lower low. SGTL has a good chance of making a higher high tomorrow the 17th
 
Quote from pinabetal:

NUS should comtinue down on the 17th making a lower low. SGTL has a good chance of making a higher high tomorrow the 17th
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well--- you're two for two

:D :D : :D
 
Quote from pinabetal:

is it possible I made a typo on those two??:) :)
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maybe so --

if I may ask -- what do you look at to make your market prognostications?
 
gonna post a suggestion- and give it a B grade for potential profits.

buy PALM Dec05 30c @ .50-60

UPY LF


for some reason we see 7000 traded today- do we really believe that these were all small players buying OR that a large player --sold--- short calls at .65-70 today? Think about it -

prior open interest was 7000 and change.

do you guys also see 7000 volume today - or am I getting erroneous data? ?

stock 'could' be moved lower with expiry pressure-- manana

Ice
:cool:
 
Quote from iceman1:

maybe so --

if I may ask -- what do you look at to make your market prognostications?
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No I didn't make a typo. I just got them backwards! Should have been the other way around! Just bad calls that is all!

What do I use? Tape reading but not tape reading the way many traders see it.
 
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