Bought 1 block at 5.25. Again, very dangerous stuff secondary to an SEC inquiry.
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Ruthless trader
- Thread starter Jack Haddad MD
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Quote from kowboy:
This is what's wrong with ET. We have someone who is willing to share by posting here and we get sarcasm.
The gentlemanly approach would be to offer your alternative suggstions, comments etc and have a mature discussion.
Thank you kind, sir. Fortunately, this board remains better mannered when compared to others.
Quote from Jack Haddad, MD:
Bought back the 400 July 25 calls at 2.40/contract (which I had written yesterday for 3.10/contract) for a gain of .70 per contract. Of course, I'm still holding the underlying shares.
Sold open 400 July strike 30 calls at .45/contract. The selling is insane on this sector and I would like to maximize by taking advantage of the ride up. TOL is a likely merger or buying acquisition target.
Originally Posted by Jack Haddad, 5/26/06 9:43AM
Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.
Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.
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Covered 100 June 10.00 calls at .10 My strategy now is to scalp as much as I can to bring my cost either at or above my purchase.
Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.
Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.
-----------------------------------------------------------------------------------
Covered 100 June 10.00 calls at .10 My strategy now is to scalp as much as I can to bring my cost either at or above my purchase.
Quote from Jack Haddad, MD:
Originally Posted by Jack Haddad, 5/26/06 9:43AM
Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.
Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.
-----------------------------------------------------------------------------------
Covered 100 June 10.00 calls at .10 My strategy now is to scalp as much as I can to bring my cost either at or above my purchase.
Wrote 100 July 7.50 calls for .90/contract. I'll take what I can get. This is not looking good.
This is a link to an article I published: 1 of 3 Educational articles on the subject of Technical analysis of stock trading patterns.
http://avcg.net/EducationalArticles/newsandarticles_article.asp?DID=7
http://avcg.net/EducationalArticles/newsandarticles_article.asp?DID=7
Have a great day everyone
Hello Doc,
I am enjoying reading your journal. It would help if you posted the stocks symbol each time you posted a change in a position. It would just make it easier to follow along with you. Thanks for your effort. I really appreciate you taking the time to post your plays.
Best regards,
Trapper
Originally Posted by Jack Haddad, 5/26/06 9:43AM
Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.
Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.
-----------------------------------------------------------------------------------
Covered 100 June 10.00 calls at .10 My strategy now is to scalp as much as I can to bring my cost either at or above my purchase.
--------------------------------------------------------------------------------
Wrote 100 July 7.50 calls for .90/contract. I'll take what I can get. This is not looking good.
I am enjoying reading your journal. It would help if you posted the stocks symbol each time you posted a change in a position. It would just make it easier to follow along with you. Thanks for your effort. I really appreciate you taking the time to post your plays.
Best regards,
Trapper
Originally Posted by Jack Haddad, 5/26/06 9:43AM
Based on the current technicals, the 6-month chart is showing a solid support of 5.85, though the short and intermediate terms are quite bullish. On May 16, the gap up from 10.93 to 11.70 is very bullish. If the stock close above 12.50, then it stand s a good chance in challenging the 13.75 resistance.
Purchased shares at 11.37, and sold open the June strike 10 calls at 1.80/contract.
-----------------------------------------------------------------------------------
Covered 100 June 10.00 calls at .10 My strategy now is to scalp as much as I can to bring my cost either at or above my purchase.
--------------------------------------------------------------------------------
Wrote 100 July 7.50 calls for .90/contract. I'll take what I can get. This is not looking good.
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