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Sharing+Discuss Option Trades/Strategies
- Thread starter Put_Master
- Start date
<<< As a side note, now that I've responded to spindro and xflat's useless and rude comments, I anticipate multiple other similar responses. I will not be responding to them. >>>
I'll simply add, I'm actually appreciative to spin and xflat.
They are responsible for convincing me to leave yahoo, and share and discuss my trades here instead.
Thanks guys!
Putz Master
I'll simply add, I'm actually appreciative to spin and xflat.
They are responsible for convincing me to leave yahoo, and share and discuss my trades here instead.
Thanks guys!
Putz Master
For a longer perspective on why I selected $22 as my upper strike for my July $22/$21 credit spread on T,... see the 5 year chart below:
http://finance.yahoo.com/q/bc?s=T&t=5y&l=on&z=m&q=b&c=
Multiple tests of that area over multiple years. The few occasions it briefly dropped below $22, it recovered within days.
That sems to be the area sellers stop selling and buyers start buying.
Putz Master
http://finance.yahoo.com/q/bc?s=T&t=5y&l=on&z=m&q=b&c=
Multiple tests of that area over multiple years. The few occasions it briefly dropped below $22, it recovered within days.
That sems to be the area sellers stop selling and buyers start buying.
Putz Master
Created a putz credit spread on BCR for July.
Used 13 contracts.
Bought the $65 put
Sold the $70 put.
Credit of $0.77
If I had timed it better, I could have earned a higher credit.
But timing is sometimes just one of those things.
I selected an upper strike of $70, because I like the downside tech support in that area.
It has shown support in that area since march of 2006.
http://finance.yahoo.com/q/bc?s=BCR&t=5y&l=on&z=m&q=b&c=
I prefer a better R/R than 5.5:1. However, given that its a S-T trade, that's the trade off I must sometimes accept.
If it were not for its strong downside tech support I see in the $70 area, I would not have initiated the trade, since my otm safety cushion is not very much.
However, I like the combination of strong tech support and a short contract.
Putz Master
Used 13 contracts.
Bought the $65 put
Sold the $70 put.
Credit of $0.77
If I had timed it better, I could have earned a higher credit.
But timing is sometimes just one of those things.
I selected an upper strike of $70, because I like the downside tech support in that area.
It has shown support in that area since march of 2006.
http://finance.yahoo.com/q/bc?s=BCR&t=5y&l=on&z=m&q=b&c=
I prefer a better R/R than 5.5:1. However, given that its a S-T trade, that's the trade off I must sometimes accept.
If it were not for its strong downside tech support I see in the $70 area, I would not have initiated the trade, since my otm safety cushion is not very much.
However, I like the combination of strong tech support and a short contract.
Putz Master
Wow I didnât realize the sheer volume of put_masters record thatâs still out there on the net under his daddy_loves_puts name. There are hundreds and hundreds of his naked put trades which he thought yahoo deleted out there still on the net, particularly the lectures he posted on how to dollar cost average into selling puts on Country Wide and where he bragged about a 95 to 97% success rate selling naked puts. Entertaining stuff, to say the least!
I'll ask the moderator to observe, and for the readers to ignore ,the behavior of our board disruptor xflat2186. He's attempting to goad spindr0 and others into joining him.
They often go off on angry rants periodically, first telling folks I deleted all my former trades over the years. Then claiming he found what he said doesn't exist.
That is usually followed by claims that my trades are fake, but my losses are real.
That will then be followed by claims that I hide my losses. The same losses he only knows about because I posted them.
LOL!
This has been a board disrupting tactic of xflat and a couple of his buddies on yahoo for years.
Their strategy is to get the board involved in off topic discussions and arguments.
Their tactics worked very well on various yahoo option boards for years.
We'll have to see how it goes over on a monitored board.
Really have no idea why xflat and his pal feel the need to spend their life researching me. Really have no idea why he's so obsessed with me.
My trades are all posted for all to see, monitor, discuss, ect....
As I stated earlier, for some reason my openly and honestly posting of trades in "real time" REALLY angers them.
They will attempt to goad me into getting into a board disrupting banter with them here, as they did on yahoo.
Yahoo was an unmonitored board.
I plan to ignore their disruptive and childish behavior here.
Putz Master
They often go off on angry rants periodically, first telling folks I deleted all my former trades over the years. Then claiming he found what he said doesn't exist.
That is usually followed by claims that my trades are fake, but my losses are real.
That will then be followed by claims that I hide my losses. The same losses he only knows about because I posted them.
LOL!
This has been a board disrupting tactic of xflat and a couple of his buddies on yahoo for years.
Their strategy is to get the board involved in off topic discussions and arguments.
Their tactics worked very well on various yahoo option boards for years.
We'll have to see how it goes over on a monitored board.
Really have no idea why xflat and his pal feel the need to spend their life researching me. Really have no idea why he's so obsessed with me.
My trades are all posted for all to see, monitor, discuss, ect....
As I stated earlier, for some reason my openly and honestly posting of trades in "real time" REALLY angers them.
They will attempt to goad me into getting into a board disrupting banter with them here, as they did on yahoo.
Yahoo was an unmonitored board.
I plan to ignore their disruptive and childish behavior here.
Putz Master