My Options Play

forex-forex · Feb 16, 2006

Quote from cnms2:

For those interested there's a new thread discussing ADX and MACD based trading:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=64191

Without iceman1 that thread is no good. This thread is the one you want to read.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=58328

novel20 · Feb 21, 2006

Multioption, are you ready to long anything now?

As for the PAYX Mar 37.50, they are now 0.65/0.75. Are you going to keep holding?

By the way, Multioption, I appreciate your generosity in giving out picks. Please share some good picks like the ones that gave you 45k profit from 100k capital.

I don't want to be mean, but in this thread, only the first two of your trades made some money, and all the others busted. How can this be possible?

Multioption · Feb 21, 2006

Quote from novel20:

Multioption, are you ready to long anything now?

As for the PAYX Mar 37.50, they are now 0.65/0.75. Are you going to keep holding?

By the way, Multioption, I appreciate your generosity in giving out picks. Please share some good picks like the ones that gave you 45k profit from 100k capital.

I don't want to be mean, but in this thread, only the first two of your trades made some money, and all the others busted. How can this be possible?

Novel20, I'm basically on the watch mode while looking at GOOG and some other stocks. I'm holding PAYX for as long as the trade can last - I have 50 contracts at 0.92/contract.

My software is almost ready, so while looking at the market for entry on stocks on my watchlist I shall continue to hold PAYX March 37.50 Call

You may want to look at ACAS for what PAYX is likely to do in few days. Check ACAS for 02/15/06, 02/16/06 till date.

Patience is a virtue. I don't make the market, I follow it.

novel20 · Feb 21, 2006

Thanks, Multioption.

Will keep monitoring PAYX. Will seriously consider buy the PAYX Mar 37.5 calls if it is showing an ACAS move.

Good luck!

Multioption · Feb 27, 2006

I'm holding PAYX March 37.50 Calls until exit rules are triggered!

novel20 · Feb 27, 2006

Multioption, finally another winning trade from you!

Would you mind sharing the exit rules, too?

Thanks!

Multioption · Feb 27, 2006

Quote from Multioption:

I'm holding PAYX March 37.50 Calls. May buy more Calls and hold it until stocks on my watchlist are ready.

You may buy PAYX Matrch 37.50 Calls if you so wish.

Entry price: 0.92/contract. Bought 50 contracts.
Closed 50 PAYX 37.50 Call at 2.40.

Profit: + $7,400

cnms2 · Feb 27, 2006

Nice profit! I guess you exited based on reaching / exceeding your profit target, and not based on technicals?

Quote from Multioption:

Entry price: 0.92/contract. Bought 50 contracts.
Closed 50 PAYX 37.50 Call at 2.40.

Profit: + $7,400

Multioption · Feb 27, 2006

Quote from cnms2:

Nice profit! I guess you exited based on reaching / exceeding your profit target, and not based on technicals?

Yes! Otherwise I would have waited on the daily technicals to trigger the exit. I shoot for 100% in most cases until recently.....Once bitten, twice shy!

Multioption · Feb 27, 2006

Loking for entry on JCI, SNDK, DNA.....

Will update!!