Stable Stock Options

[Option_Trader32]

I'm going to post my stock option trades here. I only take long option positions. Typical trade duration is 3 to 20 days.

I bought A (Agilent) aug 35 puts at 2.02. Stop at 1.40.
Yes, these were bought Friday but they closed at 1.91, so I hope I don't get flamed for posting on Sat.

 

[Option_Trader32]

By the way, I am trading a real money account. No demo or paper trading.

 

[swilner]

Can you tell us more about the strategy--specifically, how the trades are generated?

thanks.

 

[Option_Trader32]

Quote from swilner:

Can you tell us more about the strategy--specifically, how the trades are generated?

thanks.

I just look for channeling patterns and a 4 to 5 week cycle.

 

[Option_Trader32]

Here's the daily chart of Agilent. Looks like it may go down from here.

 

[xiaodre]

that kinda looks like a broadening formation to me, which means you would be 100% right on this one. Anyways, good luck!

 

[Rocko1]

Quote from Option_Trader32:

I'm going to post my stock option trades here. I only take long option positions. Typical trade duration is 3 to 20 days.

I bought A (Agilent) aug 35 puts at 2.02. Stop at 1.40.
Yes, these were bought Friday but they closed at 1.91, so I hope I don't get flamed for posting on Sat.

How many days and how much rally on the underlying would make the option hit the stop of 1.4?